PUBLISHER: Daedal Research | PRODUCT CODE: 1371855
PUBLISHER: Daedal Research | PRODUCT CODE: 1371855
Global Military Truck Market: Analysis By Type, By Application, By Propulsion, By Transmission, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028
Military trucks are integral elements of a nation's defense apparatus, serving to transport personnel and convey substantial cargo to remote and challenging locations. These are purpose-built, robust vehicles exclusively designed for military use, constructed to endure challenging terrains, inclement weather, and combat settings. Within the armed forces, military trucks perform a wide spectrum of crucial tasks, encompassing the transportation of troops, equipment, supplies, ammunition, and heavy weaponry. They hold a central position in logistical operations, troop mobility, and operational support, contributing substantially to military preparedness and efficiency during peace, training exercises, and conflict situations. The global military truck market was valued at US$22.87 billion in 2022. The market value is expected to reach US$28.59 billion by 2028.
The worldwide military truck market has witnessed considerable expansion, largely driven by an increase in defense expenditure. Heightened geopolitical tensions and conflicts have reinforced the need for nations to enhance their military capabilities, leading to the acquisition of modern and adaptable military trucks for their armed forces. Moreover, advancements in technology have enabled the development of exceptionally advanced military trucks, equipped with state-of-the-art communication, navigation, and armor systems, making them highly appealing to defense agencies on a global scale. Additionally, the rapid mobilization of troops and resources in reaction to emergencies and humanitarian crises further contributes to this growth. The military truck market is expected to grow at a CAGR of 3.79 % over the years 2023-2028.
Market Segmentation Analysis:
By Type: The report identifies three segments on the basis of military truck types: Light Truck, Medium Truck, and Heavy Truck. In 2022, the heavy military truck segment led the market as these trucks play a crucial role in logistics, troop transport, and equipment deployment due to their strength, carrying capacity, and off-road capabilities. Additionally, the market is witnessing an increasing demand for armored military trucks, addressing security concerns and specific operational needs. While the heavy truck segment commands the highest market share, the medium truck segment is poised to be the fastest-growing type in the coming years.
By Application: On the basis of application, the global military truck market can be divided into three segments namely, Troop, Cargo/Logistics, and Others. In 2022, the troop military truck segment dominated the market due to its reliability, durability, and off-road capabilities, ensuring the swift deployment and resupply of troops, thus enhancing operational readiness. As armed forces modernize and expand their capabilities, the demand for versatile and efficient military truck segments remains constant. The Cargo/Logistics military truck segment is expected to experience the highest CAGR. This is due to the fact that these trucks are equipped with specialized features, such as off-road capabilities, enhanced suspension systems, and ample cargo-carrying capacity, which ensure the safe and timely delivery of essential resources.
By Propulsion: On the basis of propulsion, the global military truck market can be divided into three segments namely, Diesel, Gasoline, and Electric/Hybrid. In 2022, the diesel segment dominated the market, primarily because diesel plays a pivotal role in military trucks, serving as the primary fuel source for their powerful engines. Diesel engines provide the high torque and fuel efficiency necessary for heavy-duty military operations, ensuring reliable performance in various terrains and conditions. The Electric/Hybrid military truck segment is expected to experience the highest CAGR, primarily because electric/hybrid military trucks offer silent operation, lower fuel consumption, and reduced emissions, making them ideal for stealth missions and sustainability objectives.
By Transmission: On the basis of transmission, the global military truck market is divided into two segments namely, Automatic and Manual. In 2022, the automatic segment emerged as the dominant segment in the market. These vehicles are equipped with advanced technologies that empower them to function without human intervention. They utilize artificial intelligence, sensors, and GPS systems to autonomously carry out tasks, including convoy operations, resupply missions, and logistics support. Additionally, the automatic military truck segment is also poised to exhibit the highest CAGR. The surging demand for automatic military trucks stems from their potential to heighten operational efficiency, mitigate risks to personnel in hazardous settings, and enhance the overall efficacy of military logistics.
By Region: In the report, the global military truck market is divided into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America dominated the market in 2022. With substantial defense budgets and an evolving security landscape, the US and Canada are expected to increase their investments in advanced military transport solutions. In particular, ongoing modernization efforts within the US military are driving demand for technologically advanced military trucks. These trucks come equipped with features such as improved communications, autonomous capabilities, and enhanced durability, enabling them to adapt to various combat scenarios. Over the past decade, the Asia Pacific region has witnessed a significant evolution in the military truck industry. Notably, China, Japan, and India have emerged as key players shaping the trajectory of the military trucks market in the region. This growth is driven not only by domestic demand but also by increasing exports, as China aims to establish itself as a global supplier of military trucks. Strategic partnerships and collaborations with international defense giants are facilitating technology transfers and expanding China's global footprint in this sector. The Indian military truck market is experiencing substantial investments aimed at enhancing mobility, logistics, and troop transport capabilities.
Market Dynamics:
Growth Drivers: The global military truck market has exhibited consistent growth, driven by various factors, including increased defense spending, military expansion, ongoing modernization initiatives, a substantial need for transportation, and escalating geopolitical tensions. The expanding military forces have amplified the demand for military trucks, essential for logistics, troop transport, and equipment mobility. This heightened demand could propel market growth, motivating manufacturers to increase production, invest in advanced technologies, and diversify their product portfolios to meet evolving military needs. Geopolitical tensions significantly influence the industry, prompting nations to fortify their defense capabilities, which, in turn, boosts the demand for military trucks to facilitate various military operations.
Challenges: Despite robust growth in the military truck market, challenges like substantial initial investments and the increasing use of military robots pose hindrances. The adoption of advanced technologies, such as automatic transmissions and satellite navigation, escalates acquisition costs, diverting resources from other defense priorities like cybersecurity and advanced weaponry development. High initial investments can deter smaller companies and emerging economies from entering the market, potentially fueling regional tensions and destabilizing international relations.
Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as the adoption of modern military trucks, government initiatives for vehicle replacement, adaptability to challenging environments, a focus on light and mini trucks, the development of advanced military trucks with superior payload capacity, and the introduction of electric military trucks. Light and mini trucks excel in maneuverability and versatility, making them crucial for diverse military missions. Their agility allows them to navigate urban areas, narrow roads, and off-road terrains, ensuring rapid deployment and strategic mobility in modern warfare, which is essential for responding quickly to emerging threats or crisis. Additionally, military trucks with enhanced payload capacity offer operational flexibility by transporting larger quantities of troops, equipment, and supplies in a single trip, reducing the need for multiple convoys. This minimizes exposure to potential threats and streamlines logistics, while also increasing efficiency and cost-effectiveness.
Impact Analysis of COVID-19 and Way Forward:
The global military truck market experienced significant changes due to the COVID-19 pandemic. Supply chain disruptions, caused by lockdowns and restrictions, delayed military truck production. Governments redirected resources away from defense budgets, leading to delays and reductions in military truck procurement. Pandemic-related quarantines and restrictions impacted military operations and reduced the immediate demand for new military trucks. The crisis exposed supply chain vulnerabilities, prompting a shift towards more self-reliance in critical military truck components. Environmental concerns have driven a focus on sustainable military trucks, including hybrid and electric systems. The post-COVID market is more resilient, adaptable, and technologically advanced, emphasizing modularity, digital solutions, and expanding roles beyond traditional military functions.
Competitive Landscape:
The global military truck market is fragmented. However, the market share of organized players has increased significantly over the last few years and is expected to continue given the wide product offerings, better service, and higher brand visibility. The key players in the global military truck market are:
Iveco Group N.V.
Rheinmetall AG
Oshkosh Corporation
Mercedes-Benz Group AG
Tata Motors Group
Mitsubishi Heavy Industries, Ltd.
Volvo Group (Arquus)
DAF Trucks N.V.
Kia Corporation
Navistar Defense LLC
Some of the strategies among key players in the market are new launch, innovations, mergers, acquisitions, and collaborations. For instance, in March 2021, DAF received a large order from the Belgian Armed Forces. The order comprises delivery and service of 879 all-wheel-drive CF Military trucks. These vehicles would be used as general cargo carriers.
Table of Contents
- 2.1 Military Truck: An Overview
- 2.1.1 Introduction to Military Truck
- 2.1.2 Features of Military Truck
- 2.2 Military Truck Segmentation: An Overview
- 2.2.1 Military Truck Segmentation
- 3.1 Global Military Truck Market: An Analysis
- 3.1.1 Global Military Truck Market: An Overview
- 3.1.2 Global Military Truck Market by Value
- 3.1.3 Global Military Truck Market by Type (Light Truck, Medium Truck and Heavy Truck)
- 3.1.4 Global Military Truck Market by Application (Troop, Cargo/Logistics and Others)
- 3.1.5 Global Military Truck Market by Propulsion (Diesel, Gasoline and Electric/Hybrid)
- 3.1.6 Global Military Truck Market by Transmission (Automatic and Manual)
- 3.1.7 Global Military Truck Market by Region (North America, Europe, Asia Pacific, Middle East and Africa and Latin America)
- 3.2 Global Military Truck Market: Type Analysis
- 3.2.1 Global Military Truck Market by Type: An Overview
- 3.2.2 Global Light Military Truck Market by Value
- 3.2.3 Global Medium Military Truck Market by Value
- 3.2.4 Global Heavy Military Truck Market by Value
- 3.3 Global Military Truck Market: Application Analysis
- 3.3.1 Global Military Truck Market by Application: An Overview
- 3.3.2 Global Troop Military Truck Market by Value
- 3.3.3 Global Cargo/Logistics Military Truck Market by Value
- 3.3.4 Global Others Military Truck Market by Value
- 3.4 Global Military Truck Market: Propulsion Analysis
- 3.4.1 Global Military Truck Market by Propulsion: An Overview
- 3.4.2 Global Diesel Military Truck Market by Value
- 3.4.3 Global Gasoline Military Truck Market by Value
- 3.4.4 Global Electric/Hybrid Military Truck Market by Value
- 3.5 Global Military Truck Market: Transmission Analysis
- 3.5.1 Global Military Truck Market by Transmission: An Overview
- 3.5.2 Global Automatic Military Truck Market by Value
- 3.5.3 Global Manual Military Truck Market by Value
- 4.1 North America Military Truck Market: An Analysis
- 4.1.1 North America Military Truck Market: An Overview
- 4.1.2 North America Military Truck Market by Value
- 4.1.3 North America Military Truck Market by Region (The US, Canada, and Mexico)
- 4.1.4 The US Military Truck Market by Value
- 4.1.5 The US Military Truck Market by Propulsion (Diesel, Gasoline and Electric/Hybrid)
- 4.1.6 The US Military Truck Market Propulsion by Value
- 4.1.7 Canada Military Truck Market by Value
- 4.1.8 Mexico Military Truck Market by Value
- 4.2 Europe Military Truck Market: An Analysis
- 4.2.1 Europe Military Truck Market: An Overview
- 4.2.2 Europe Military Truck Market by Value
- 4.2.3 Europe Military Truck Market by Region (The UK, Germany, France, Italy, and Rest of the Europe)
- 4.2.4 UK Military Truck Market by Value
- 4.2.5 Germany Military Truck Market by Value
- 4.2.6 France Military Truck Market by Value
- 4.2.7 Italy Military Truck Market by Value
- 4.2.8 Rest of Europe Military Truck Market by Value
- 4.3 Asia Pacific Military Truck Market: An Analysis
- 4.3.1 Asia Pacific Military Truck Market: An Overview
- 4.3.2 Asia Pacific Military Truck Market by Value
- 4.3.3 Asia Pacific Military Truck Market by Region (China, Japan, India, South Korea and Rest of the Asia Pacific)
- 4.3.4 China Military Truck Market by Value
- 4.3.5 India Military Truck Market by Value
- 4.3.6 Japan Military Truck Market by Value
- 4.3.7 South Korea Military Truck Market by Value
- 4.3.8 Rest of Asia Pacific Military Truck Market by Value
- 4.4 Middle East and Africa Military Truck Market: An Analysis
- 4.4.1 Middle East and Africa Military Truck Market : An Overview
- 4.4.2 Middle East and Africa Military Truck Market by Value
- 4.5 Latin America Military Truck Market: An Analysis
- 4.5.1 Latin America Military Truck Market : An Overview
- 4.5.2 Latin America Military Truck Market by Value
- 5.1 Impact of COVID-19 on Global Military Truck Market
- 5.2 Post COVID-19 Impact on Global Military Truck Market
- 6.1 Growth Drivers
- 6.1.1 Rise in Defense Expenditure
- 6.1.2 Expansion of Military Troops
- 6.1.3 Military Modernization Programs
- 6.1.4 Massive Demand for Transportation Purpose
- 6.1.5 Rise in Geo-Political Tensions
- 6.2 Challenges
- 6.2.1 High Initial Investment
- 6.2.2 Growing Use of Robots in Military
- 6.3 Market Trends
- 6.3.1 Adoption of Modern Military Truck
- 6.3.2 Government Initiative to Replace Existing Trucks
- 6.3.3 Adaptability in Non-Permissive Environment
- 6.3.4 Light and Mini Trucks
- 6.3.5 Increase In Advanced Military Trucks With A Superior Payload Capacity
- 6.3.6 Electric Military Trucks
- 7.1 Global Military Truck Market Players by Products Comparison
- 8.1 Iveco Group N.V.
- 8.1.1 Business Overview
- 8.1.2 Operating Segments
- 8.1.3 Business Strategy
- 8.2 Rheinmetall AG
- 8.2.1 Business Overview
- 8.2.2 Operating Segments
- 8.2.3 Business Strategy
- 8.3 Oshkosh Corporation
- 8.3.1 Business Overview
- 8.3.2 Operating Segments
- 8.3.3 Business Strategy
- 8.4 Mercedes-Benz Group AG
- 8.4.1 Business Overview
- 8.4.2 Operating Segments
- 8.4.3 Business Strategy
- 8.5 Tata Motors Group
- 8.5.1 Business Overview
- 8.5.2 Operating Segments
- 8.5.3 Business Strategy
- 8.6 Mitsubishi Heavy Industries, Ltd.
- 8.6.1 Business Overview
- 8.6.2 Operating Segments
- 8.6.3 Business Strategy
- 8.7 Volvo Group (Arquus)
- 8.7.1 Business Overview
- 8.7.2 Operating Segments
- 8.7.3 Business Strategy
- 8.8 DAF Trucks N.V.
- 8.8.1 Business Overview
- 8.8.2 Business Strategy
- 8.9 Kia Corporation
- 8.9.1 Business Overview
- 8.9.2 Business Strategy
- 8.10 Navistar Defense LLC
- 8.10.1 Business Overview
- 8.10.2 Business Strategy
1. Executive Summary
2. Introduction
3. Global Market Analysis
4. Regional Market Analysis
5. Impact of COVID-19
6. Market Dynamics
7. Competitive Landscape
8. Company Profiles
List of Figures
- Figure 1: Features of Military Truck
- Figure 2: Military Truck Segmentation
Figure 3 : Global Military Truck Market by Value; 2018-2022 (US$ Billion)
Figure 4 : Global Military Truck Market by Value; 2023-2028 (US$ Billion)
Figure 5 : Global Military Truck Market by Type; 2022 (Percentage, %)
- Figure 6: Global Military Truck Market by Application; 2022 (Percentage, %)
Figure 7 : Global Military Truck Market by Propulsion; 2022 (Percentage, %)
- Figure 8: Global Military Truck Market by Transmission; 2022 (Percentage, %)
- Figure 9: Global Military Truck Market by Region; 2022 (Percentage, %)
- Figure 10: Global Light Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 11: Global Light Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 12: Global Medium Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 13: Global Medium Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 14: Global Heavy Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 15: Global Heavy Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 16: Global Troop Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 17: Global Troop Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 18: Global Cargo/Logistics Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 19: Global Cargo/Logistics Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 20: Global Others Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 21: Global Others Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 22: Global Diesel Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 23: Global Diesel Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 24: Global Gasoline Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 25: Global Gasoline Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 26: Global Electric/Hybrid Military Truck Market by Value; 2021-2022 (US$ Million)
- Figure 27: Global Electric/Hybrid Military Truck Market by Value; 2023-2028 (US$ Million)
- Figure 28: Global Automatic Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 29: Global Automatic Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 30: Global Manual Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 31: Global Manual Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 32: North America Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 33: North America Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 34: North America Military Truck Market by Region; 2022 (Percentage, %)
- Figure 35: The US Military Truck Market by Value, 2018-2022 (US$ Billion)
- Figure 36: The US Military Truck Market by Value, 2023-2028 (US$ Billion)
- Figure 37: The US Military Truck Market by Propulsion, 2022 (Percentage, %)
- Figure 38: The US Military Truck Market Propulsion by Value, 2018-2022 (US$ Million)
- Figure 39: The US Military Truck Market Propulsion by Value, 2023-2028 (US$ Million)
- Figure 40: Canada Military Truck Market by Value, 2018-2022 (US$ Million)
- Figure 41: Canada Military Truck Market by Value, 2023-2028 (US$ Million)
- Figure 42: Mexico Military Truck Market by Value; 2018-2022(US$ Million)
- Figure 43: Mexico Military Truck Market by Value, 2023-2028 (US$ Million)
- Figure 44: Europe Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 45: Europe Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 46: Europe Military Truck Market by Region; 2022 (Percentage, %)
- Figure 47: UK Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 48: UK Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 49: Germany Military Truck Market by Value; 2018-2022 (US$ Million)
- Figure 50: Germany Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 51: France Military Truck Market by Value; 2018-2022 (US$ Million)
- Figure 52: France Military Truck Market by Value; 2023-2028 (US$ Million)
- Figure 53: Italy Military Truck Market by Value; 2018-2022 (US$ Million)
- Figure 54: Italy Military Truck Market by Value; 2023-2028 (US$ Million)
- Figure 55: Rest of Europe Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 56: Rest of Europe Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 57: Asia Pacific Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 58: Asia Pacific Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 59: Asia Pacific Military Truck Market by Region; 2022 (Percentage, %)
- Figure 60: China Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 61: China Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 62: India Military Truck Market by Value; 2018-2022 (US$ Million)
- Figure 63: India Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 64: Japan Military Truck Market by Value; 2018-2022 (US$ Million)
- Figure 65: Japan Military Truck Market by Value; 2023-2028 (US$ Million)
- Figure 66: South Korea Military Truck Market by Value; 2018-2022 (US$ Million)
- Figure 67: South Korea Military Truck Market by Value; 2023-2028 (US$ Million)
- Figure 68: Rest of Asia Pacific Military Truck Market by Value; 2018-2022 (US$ Million)
- Figure 69: Rest of Asia Pacific Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 70: Middle East and Africa Military Truck Market by Value; 2018-2022 (US$ Billion)
- Figure 71: Middle East and Africa Military Truck Market by Value; 2023-2028 (US$ Billion)
- Figure 72: Latin America Military Truck Market by Value; 2018-2022 (US$ Million)
- Figure 73: Latin America Military Truck Market by Value; 2023-2028 (US$ Million)
- Figure 74: The US Defense Spending; 2020-2030 (US$ Billion)
- Figure 75: Global Military Truck Market Players by Products Comparison
Figure 76 : Iveco Group N.V. Net Revenues by Segments; 2022 (Percentage, %)
- Figure 77: Rheinmetall AG Sales by Segments; 2022 (Percentage, %)
- Figure 78: Oshkosh Corporation Net Sales by Segments; 2022 (Percentage, %)
- Figure 79: Mercedes-Benz Group AG Revenue by Segments; 2022 (Percentage,%)
Figure 80 : Tata Motors Group Revenue by Segments; 2023 (Percentage, %)
- Figure 81: Mitsubishi Heavy Industries, Ltd. Revenue by Segments; 2022 (Percentage, %)
- Figure 82: Volvo Group Net Sales by Segments; 2022 (Percentage, %)
