Middle East and Africa Armored Vehicles Market, By Type (Main Battle Tank, Armored Personnel Carrier, Infantry Fighting Vehicle ); By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2030

List of Tables

Middle East and Africa Armored Vehicles Market Size Expands at Strong CAGR of 5.63% to Touch USD 2.56 Billion by 2030

Middle East and Africa Armored Vehicles Market is growing due to governments' increasing defense spending on military modernization programs to thwart rising regional security threats and terrorism, and a spurring demand for advanced technologies for armored vehicles.

BlueWeave Consulting, a leading strategic consulting, and Market research firm, in its recent study, estimated the Middle East and Africa Armored Vehicles Market size by value at USD 1.99 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Middle East and Africa Armored Vehicles Market size to expand at a CAGR of 5.63% reaching a value of USD 2.56 billion in 2030. The Middle East and Africa Armored Vehicles Market is driven by the need to enhance warfare capabilities, combat threats like terrorism, cross-border conflicts, and insurgencies, and expand defense budgets. Manufacturers are innovating to create lightweight and hybrid models while rising warfare costs drive demand for advanced, cost-effective military solutions. Market insights, including defense strategies and procurement data, benefit stakeholders, driving further market growth.

By volume, BlueWeave estimated the Middle East and Africa Armored Vehicles Market size at 19,372 units in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Middle East and Africa Armored Vehicles Market size to expand at a CAGR of 5.13% reaching a volume of 21,639 units by 2030. The Middle East and Africa Armored Vehicles Market is semi-consolidated, with few major players holding significant shares. Major players include Mahindra Emirates Vehicle Armouring FZ-LLC, NIMR Automotive, Streit Group, BMC Otomotiv Sanayi ve Ticaret AS., and Rheinmetall AG. International manufacturers are expanding their presence with new product innovations, such as Oshkosh Defence's J-LTV. Domestic players are increasing their product portfolio, such as Mahindra Emirates Vehicle Armouring's MAXIMUS 4X4 Armoured Personal Carrier for Paramilitary/Police/Troops. These factors are expected to help companies increase their presence and achieve profits in the region.

Opportunity - Rising armed violence and terrorist attacks

The Middle East and Africa Armored Vehicle Market is thriving due to rising armed violence and terrorist attacks, causing civilians to seek commercial armored vehicles. The defense sector demands efficient, robust, and compact vehicles, leading to market growth. Investments and R&D activities are implementing updated technology, resulting in increased demand for efficient, robust, and compact vehicles.

Impact of Escalating Geopolitical Tensions on Middle East and Africa Armored Vehicles Market

The Middle East's geopolitical tensions and military conflicts have led to a surge in defense spending, particularly in countries like Saudi Arabia, UAE, and Israel. This has led to a rise in the procurement of advanced weapons and armored vehicles, as well as the development of next-generation fighting vehicles. This trend is driving market growth as nations modernize their military assets to address regional instability and national security.

Middle East and Africa Armored Vehicles Market

Segmental Coverage

Middle East and Africa Armored Vehicles Market - By Type

Based on type, Middle East and Africa Armored Vehicles Market is divided into Main Battle Tank (MBT), Armored Personnel Carrier (APC), and Infantry Fighting Vehicle (IFV) segments. The APC segment is expected to experience significant growth in the Middle East and Africa Armored Vehicles Market, due to increased spending on advanced APC procurement and military modernization programs. These vehicles are used for combat situations, command posts, and troop evacuation. Countries like Israel are upgrading their fleets with new APCs, such as the Eitan and EDT Enigma AMFV. Investments in new APCs with improved protection and lethality are expected to accelerate the segment's growth.

Middle East and Africa Armored Vehicles Market - By Country

Based on country, Middle East and Africa Armored Vehicles Market is divided into Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. Saudi Arabia dominates the Middle East and Africa Armored Vehicles Market, driven by increasing defense capabilities and procurement contracts with OEMs. The country's rapid increase in military equipment procurement is driven by security concerns and rising terrorism. The Saudi Arabian Government plans to invest in its military sector in the next decade, aiming to increase the fleet of armored vehicles and drive market growth.

Competitive Landscape

Middle East and Africa Armored Vehicles Market is fiercely competitive. Major companies in the Market include Mahindra Emirates Vehicle Armouring FZ-LLC, NIMR Automotive (EDGE Group PJSC), Streit Group, Rheinmetall AG, IAI, BAE Systems plc, Denel SOC Ltd., Artan Armored Vehicles, Armormax, and Integrated Convoy Protection. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Middle East and Africa Armored Vehicles Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Middle East and Africa Armored Vehicles Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Middle East and Africa Armored Vehicles Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC24481

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Middle East and Africa Armored Vehicles Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Geopolitical and military conflicts
  - 3.2.1.2. Rising security concerns
  - 3.2.1.3. Advancements in technology
  - 3.2.1.4. Local manufacturing support
- 3.2.2. Restraints
  - 3.2.2.1. Maintenance and electrical failures
  - 3.2.2.2. Infrastructure limitations
- 3.2.3. Opportunities
  - 3.2.3.1. Growing demand for commercial applications
  - 3.2.3.2. Multi-lateral collaboration
  - 3.2.3.3. Increasing defense spending
  - 3.2.3.4. Modernization of military forces
- 3.2.4. Challenges
  - 3.2.4.1. Limited defense budgets
  - 3.2.4.2. Dependence on foreign suppliers
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Middle East and Africa Armored Vehicles Market: Marketing Strategies

5. Middle East and Africa Armored Vehicles Market Overview

5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
5.2. Market Share and Forecast
- 5.2.1. By Type
  - 5.2.1.1. Main Battle Tank (MBT)
  - 5.2.1.2. Armored Personnel Carrier (APC)
  - 5.2.1.3. Infantry Fighting Vehicle (IFV)
  - 5.2.1.4. Others
- 5.2.2. By Country
  - 5.2.2.1. Saudi Arabia
  - 5.2.2.2. UAE
  - 5.2.2.3. Qatar
  - 5.2.2.4. Kuwait
  - 5.2.2.5. South Africa
  - 5.2.2.6. Nigeria
  - 5.2.2.7. Algeria
  - 5.2.2.8. Rest of MEA

6. Saudi Arabia Armored Vehicles Market

6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Type

7. UAE Armored Vehicles Market

7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Type

8. Qatar Armored Vehicles Market

8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Type

9. Kuwait Armored Vehicles Market

9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Type

10. South Africa Armored Vehicles Market

10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
- 10.2.1. By Type

11. Nigeria Armored Vehicles Market

11.1. Market Size & Forecast, 2019-2030
- 11.1.1. By Value (USD Billion)
11.2. Market Share & Forecast
- 11.2.1. By Type

12. Algeria Armored Vehicles Market

12.1. Market Size & Forecast, 2019-2030
- 12.1.1. By Value (USD Billion)
12.2. Market Share & Forecast
- 12.2.1. By Type

13. Rest of MEA Armored Vehicles Market

13.1. Market Size & Forecast, 2019-2030
- 13.1.1. By Value (USD Billion)
13.2. Market Share & Forecast
- 13.2.1. By Type
- 13.2.2. By Application
- 13.2.3. By End User

14. Competitive Landscape

14.1. List of Key Players and Their Offerings
14.2. Middle East and Africa Armored Vehicles Market Share Analysis, 2023
14.3. Competitive Benchmarking, By Operating Parameters
14.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

15. Impact of Escalating Geopolitical Tensions on Middle East and Africa Armored Vehicles Market

16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

16.1. Mahindra Emirates Vehicle Armouring FZ-LLC
16.2. NIMR Automotive (EDGE Group PJSC)
16.3. Streit Group
16.4. Rheinmetall AG
16.5. IAI
16.6. BAE Systems plc
16.7. Denel SOC Ltd
16.8. Artan Armored Vehicles
16.9. Armormax
16.10. Integrated Convoy Protection
16.11. Other Prominent Players

17. Key Strategic Recommendations

18. Research Methodology

18.1. Qualitative Research
- 18.1.1. Primary & Secondary Research
18.2. Quantitative Research
18.3. Market Breakdown & Data Triangulation
- 18.3.1. Secondary Research
- 18.3.2. Primary Research
18.4. Breakdown of Primary Research Respondents, By Country
18.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

Product Code: BWC24481

List of Figures

Figure 1 Middle East & Africa Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Figure 2 Middle East & Africa Armored Vehicles Market Share, By Type, By Value, 2019-2030
Figure 3 Middle East & Africa Armored Vehicles Market Share, By Country, By Value, 2019-2030
Figure 4 Saudi Arabia Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Figure 5 Saudi Arabia Armored Vehicles Market Share, By Type, By Value, 2019-2030
Figure 6 UAE Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Figure 7 UAE Armored Vehicles Market Share, By Type, By Value, 2019-2030
Figure 8 Qatar Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Figure 9 Qatar Armored Vehicles Market Share, By Type, By Value, 2019-2030
Figure 10 Kuwait Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Figure 11 Kuwait Armored Vehicles Market Share, By Type, By Value, 2019-2030
Figure 12 South Africa Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Figure 13 South Africa Armored Vehicles Market Share, By Type, By Value, 2019-2030
Figure 14 Nigeria Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Figure 15 Nigeria Armored Vehicles Market Share, By Type, By Value, 2019-2030
Figure 16 Algeria Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Figure 17 Algeria Armored Vehicles Market Share, By Type, By Value, 2019-2030
Figure 18 Rest of MEA Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Figure 19 Rest of MEA Armored Vehicles Market Share, By Type, By Value, 2019-2030

List of Tables

Table 1 Middle East & Africa Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Table 2 Middle East & Africa Armored Vehicles Market Size, By Type, By Value, 2019-2030
Table 3 Middle East & Africa Armored Vehicles Market Size, By Country, By Value, 2019-2030
Table 4 Saudi Arabia Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Table 5 Saudi Arabia Armored Vehicles Market Size, By Type, By Value, 2019-2030
Table 6 UAE Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Table 7 UAE Armored Vehicles Market Size, By Type, By Value, 2019-2030
Table 8 Qatar Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Table 9 Qatar Armored Vehicles Market Size, By Type, By Value, 2019-2030
Table 10 Kuwait Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Table 11 Kuwait Armored Vehicles Market Size, By Type, By Value, 2019-2030
Table 12 South Africa Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Table 13 South Africa Armored Vehicles Market Size, By Type, By Value, 2019-2030
Table 14 Nigeria Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Table 15 Nigeria Armored Vehicles Market Size, By Type, By Value, 2019-2030
Table 16 Algeria Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Table 17 Algeria Armored Vehicles Market Size, By Type, By Value, 2019-2030
Table 18 Rest of MEA Armored Vehicles Market Size, By Value (USD Billion), 2019-2030
Table 19 Rest of MEA Armored Vehicles Market Size, By Type, By Value, 2019-2030
Table 20 Mahindra Emirates Vehicle Armouring FZ-LLC Company Overview
Table 21 Mahindra Emirates Vehicle Armouring FZ-LLC Financial Overview
Table 22 NIMR Automotive (EDGE Group PJSC) Company Overview
Table 23 NIMR Automotive (EDGE Group PJSC) Financial Overview
Table 24 Streit Group Company Overview
Table 25 Streit Group Financial Overview
Table 26 Rheinmetall AG Company Overview
Table 27 Rheinmetall AG Financial Overview
Table 28 IAI Company Overview
Table 29 IAI Financial Overview
Table 30 BAE Systems plc Company Overview
Table 31 BAE Systems plc Financial Overview
Table 32 Denel SOC Ltd Company Overview
Table 33 Denel SOC Ltd Financial Overview
Table 34 Artan Armored Vehicles Company Overview
Table 35 Artan Armored Vehicles Financial Overview
Table 36 Armormax Company Overview
Table 37 Armormax Financial Overview
Table 38 Integrated Convoy Protection Company Overview
Table 39 Integrated Convoy Protection Financial Overview

Middle East and Africa Armored Vehicles Market, By Type (Main Battle Tank, Armored Personnel Carrier, Infantry Fighting Vehicle ); By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2030

Description

Table of Contents

List of Tables

Table of Contents

1. Research Framework

2. Executive Summary

3. Middle East and Africa Armored Vehicles Market Insights

4. Middle East and Africa Armored Vehicles Market: Marketing Strategies

5. Middle East and Africa Armored Vehicles Market Overview

6. Saudi Arabia Armored Vehicles Market

7. UAE Armored Vehicles Market

8. Qatar Armored Vehicles Market

9. Kuwait Armored Vehicles Market

10. South Africa Armored Vehicles Market

11. Nigeria Armored Vehicles Market

12. Algeria Armored Vehicles Market

13. Rest of MEA Armored Vehicles Market

14. Competitive Landscape

15. Impact of Escalating Geopolitical Tensions on Middle East and Africa Armored Vehicles Market

16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

17. Key Strategic Recommendations

18. Research Methodology

List of Figures

List of Tables