Armored Personnel Carrier Market Report: Trends, Forecast and Competitive Analysis to 2030

Armored Personnel Carrier Trends and Forecast

The future of the global armored personnel carrier market looks promising with opportunities in the military and law enforcement markets. The global armored personnel carrier market is expected to grow with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are increasing demand for enhanced survivability and mobility in conflict zones and growing global security concerns and geopolitical tensions.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Armored Personnel Carrier by Segment

The study includes a forecast for the global armored personnel carrier by design, configuration, end use, and region.

Armored Personnel Carrier Market by Design [Shipment Analysis by Value from 2018 to 2030]:

• Wheeled APC
• Tracked APC

Armored Personnel Carrier Market by Configuration [Shipment Analysis by Value from 2018 to 2030]:

• Amphibious
• Non-Amphibious

Armored Personnel Carrier Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Military
• Law Enforcement
• Others

Armored Personnel Carrier Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Armored Personnel Carrier Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies armored personnel carrier companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the armored personnel carrier companies profiled in this report include-

• BAE Systems
• DRB-HICOM Defense Technologies
• BHD
• FNSS Savunma Sistemleri
• General Dynamics
• Hanwha Defense Systems
• Nurol Makina ve Sanayi
• Terradyne Armored Vehicles
• Iveco - Oto Melara Consortium
• Katmerciler

Armored Personnel Carrier Market Insights

Lucintel forecasts that wheeled is expected to witness the higher growth over the forecast period.

Within this market, military is expected to witness the higher growth over the forecast period.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Armored Personnel Carrier Market

Market Size Estimates: Armored personnel carrier market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Armored personnel carrier market size by design, configuration, end use, and region in terms of value ($B).

Regional Analysis: Armored personnel carrier market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different designs, configurations, end uses, and regions for the armored personnel carrier market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the armored personnel carrier market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for armored personnel carrier market?

Answer: The global armored personnel carrier market is expected to grow with a CAGR of 4.7% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the armored personnel carrier market?

Answer: The major drivers for this market are increasing demand for enhanced survivability and mobility in conflict zones and growing global security concerns and geopolitical tensions.

Q3. What are the major segments for armored personnel carrier market?

Answer: The future of the armored personnel carrier market looks promising with opportunities in the military and law enforcement markets.

Q4. Who are the key armored personnel carrier market companies?

Answer: Some of the key armored personnel carrier companies are as follows:

• BAE Systems
• DRB-HICOM Defense Technologies
• BHD
• FNSS Savunma Sistemleri
• General Dynamics
• Hanwha Defense Systems
• Nurol Makina ve Sanayi
• Terradyne Armored Vehicles
• Iveco - Oto Melara Consortium
• Katmerciler

Q5. Which armored personnel carrier market segment will be the largest in future?

Answer: Lucintel forecasts that wheeled is expected to witness the higher growth over the forecast period.

Q6. In armored personnel carrier market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the armored personnel carrier market by design (wheeled APC and tracked APC), configuration (amphibious and non-amphibious), end use (military, law enforcement, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?