Military Truck Market Forecast to 2028 - Global Analysis By Application, Truck Type, Propulsion Type, and Transmission Type

List of Tables

The military truck market is projected to grow from US$ 19,052.77 million in 2023 to US$ 22,537.79 million by 2028; it is estimated to register a CAGR of 3.4% from 2023 to 2028.

Electrification of Military Vehicles to Fuel Military Truck Market During Forecast Period

The new Climate Strategy by the US Army has set a 2027 target to deploy an all-electric, light-duty, nontactical fleet. In addition, they have also set a 2035 target for the deployment of a full all-electric nontactical fleet and hybrid tactical vehicles. To meet these goals, various military vehicle manufacturers are focusing on developing hybrid and electric military vehicles. For example, in January 2022, Oshkosh Corp introduced its first-ever hybrid-electric Joint Light Tactical Vehicle (eJLTV) with a silent drive. This new vehicle enables a silent drive, extended silent watch, enhanced fuel economy, and increased exportable power, making it an ideal option in combat and reconnaissance scenarios. The eJLTV also helps improve fuel economy by more than 20% and provides a battery capacity of 30kWh. In 2021, GM introduced an all-electric version of its Infantry Squad Vehicle and a hydrogen fuel cell-powered version of its Chevy Colorado. Further, in February 2022, BAE unveiled its hybrid Bradley Infantry Fighting Vehicle, known for its survivability, mobility, and lethality. Thus, growing investments in the manufacturing of hybrid and electric military vehicles (other than trucks) would encourage manufacturers to undertake partial or full electrification of military trucks, which is likely to emerge as a significant trend in the market during the forecast period.

Military trucks are essential for different military operations, including troops and logistics transportation. Due to the expansion of military troops in Europe, the demand for trucks is increasing. As the armies are continuously exposed to harsh weather conditions, the demand for trucks that can be used in a non-permissive environment is rapidly growing in the region. In addition, armed forces also demand military trucks with low life cycle costs, low fuel consumption, and a high degree of modularity, which can help to increase the flexibility and adaptability of trucks to operational requirements, further raising the demand for modern military trucks in Europe.

Europe has several military truck providers, including Iveco Group NV, TATRA TRUCKS AS, Arquus SAS, General Dynamics European Land Systems SLU, AB Volvo, and Rheinmetall AG. These market players continuously work on modernizing military trucks. For instance, in May 2021, Rheinmetall AG launched the latest generation of its HX family of heavy-duty tactical trucks for military use. These trucks are fully redesigned with new technologies and military-off-the-shelf (MOTS) products. They have autonomous driving capability, which can serve as the basis for several artillery systems, and also offers improved protection, reliability, and mobility; driving comfort; and digital interface architecture.

The military truck market size is segmented on the basis of application, truck type, application, propulsion type, and technology. Based on application, the military truck market is bifurcated into cargo/logistics carrier and troop carrier. By truck type, the military truck market is segmented into light truck, medium truck, and heavy truck. Based on propulsion type, the military truck market size is bifurcated into electric/hybrid and diesel. By truck type, the military truck market is segmented into light truck, medium truck, and heavy truck. Based on transmission type, the military truck market size is bifurcated into automatic transmission and manual transmission. The market, based on region, is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

The overall military truck market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the military truck market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global military truck market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the global military truck market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Product Code: TIPRE00007100

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Military Truck Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 Asia-Pacific
- 4.2.4 Middle East and Africa
- 4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Military Truck Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Initiatives by Governments to Expand Their Military Troops
- 5.1.2 Efforts by Companies to Provide High-Mobility and Multipurpose Solutions for Transportation
5.2 Key Market Restraints
- 5.2.1 Growing Use of Robots in Military Operations
5.3 Key Market Opportunities
- 5.3.1 Upsurge in Defense Budget
5.4 Future Trends
- 5.4.1 Electrification of Military Vehicles
5.5 Impact Analysis of Drivers And Restraints

6. Military Truck - Global Market Analysis

6.1 Global Military Truck Market Overview
6.2 Global Military Truck Market Revenue Forecast and Analysis
6.3 Market Positioning - Five Key Players

7. Military trucks Market - By Application

7.1 Overview
7.2 Military trucks Market, by Application (2022 and 2028)
7.3 Cargo/Logistics Carrier
- 7.3.1 Overview
- 7.3.2 Cargo/Logistics Carrier: Military trucks Market- Revenue and Forecast to 2028 (US$ Million)
7.4 More Than 200 Miles
- 7.4.1 Overview
- 7.4.2 More Than 200 Miles: Military trucks Market- Revenue and Forecast to 2028 (US$ Million)

8. Military trucks Market Analysis - By Propulsion Type

8.1 Overview
8.2 Military trucks Market, by Propulsion Type (2022 and 2028)
8.3 BEV
- 8.3.1 Overview
- 8.3.2 BEV: Military trucks Market- Revenue and Forecast to 2028 (US$ Million)
8.4 PHEV
- 8.4.1 Overview
- 8.4.2 PHEV: Military trucks Market- Revenue and Forecast to 2028 (US$ Million)
8.5 FCEV
- 8.5.1 Overview
- 8.5.2 FCEV: Military trucks Market- Revenue and Forecast to 2028 (US$ Million)

9. Military trucks Market - By Vehicle Type

9.1 Overview
9.2 Military trucks Market, by Vehicle Type (2022 and 2028)
9.3 Light-Duty Trucks
- 9.3.1 Overview
- 9.3.2 Light-Duty Trucks: Military trucks Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Medium Trucks
- 9.4.1 Overview
- 9.4.2 Medium Trucks: Military Trucks Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Heavy Trucks
- 9.5.1 Overview
- 9.5.2 Heavy Trucks: Military Trucks Market- Revenue and Forecast to 2028 (US$ Million)

10. Military trucks Market - By Transmission Type

10.1 Overview
10.2 Military trucks Market, by Level of Automation (2022 and 2028)
10.3 Manual Transmission
- 10.3.1 Overview
- 10.3.2 Manual Transmission: Military trucks Market- Revenue and Forecast to 2028 (US$ Million)
10.4 Automatic Transmission
- 10.4.1 Overview
- 10.4.2 Fully-Autonomous: Military trucks Market- Revenue and Forecast to 2028 (US$ Million)

11. Military Truck Market - Geographic Analysis

11.1 Overview
11.2 North America: Military Truck Market
- 11.2.1 North America: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
- 11.2.2 North America: Military Truck Market, By Truck type
- 11.2.3 North America: Military Truck Market, By Propulsion type
- 11.2.4 North America: Military Truck Market, By Transmission type
- 11.2.5 North America: Military Truck Market, By Application
- 11.2.6 North America: Military Truck Market, By Key Country
  - 11.2.6.1 US: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.2.6.1.1 US: Military Truck Market, By Truck type
    - 11.2.6.1.2 US: Military Truck Market, By Propulsion type
    - 11.2.6.1.3 US: Military Truck Market, By Transmission type
    - 11.2.6.1.4 US: Military Truck Market, By Application
  - 11.2.6.2 Canada: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.2.6.2.1 Canada: Military Truck Market, By Truck type
    - 11.2.6.2.2 Canada: Military Truck Market, By Propulsion type
    - 11.2.6.2.3 Canada: Military Truck Market, By Transmission type
    - 11.2.6.2.4 Canada: Military Truck Market, By Application
  - 11.2.6.3 Mexico: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.2.6.3.1 Mexico: Military Truck Market, By Truck type
    - 11.2.6.3.2 Mexico: Military Truck Market, By Propulsion type
    - 11.2.6.3.3 Mexico: Military Truck Market, By Transmission type
    - 11.2.6.3.4 Mexico: Military Truck Market, By Application
11.3 Europe: Military Truck Market
- 11.3.1 Europe: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
- 11.3.2 Europe: Military Truck Market, By Truck type
- 11.3.3 Europe: Military Truck Market, By Propulsion type
- 11.3.4 Europe: Military Truck Market, By Transmission type
- 11.3.5 Europe: Military Truck Market, By Application
- 11.3.6 Europe: Military Truck Market, By Key Country
  - 11.3.6.1 Germany: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.3.6.1.1 Germany: Military Truck Market, By Truck type
    - 11.3.6.1.2 Germany: Military Truck Market, By Propulsion type
    - 11.3.6.1.3 Germany: Military Truck Market, By Transmission type
    - 11.3.6.1.4 Germany: Military Truck Market, By Application
  - 11.3.6.2 France: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.3.6.2.1 France: Military Truck Market, By Truck type
    - 11.3.6.2.2 France: Military Truck Market, By Propulsion type
    - 11.3.6.2.3 France: Military Truck Market, By Transmission type
    - 11.3.6.2.4 France: Military Truck Market, By Application
  - 11.3.6.3 Italy: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.3.6.3.1 Italy: Military Truck Market, By Truck type
    - 11.3.6.3.2 Italy: Military Truck Market, By Propulsion type
    - 11.3.6.3.3 Italy: Military Truck Market, By Transmission type
    - 11.3.6.3.4 Italy: Military Truck Market, By Application
  - 11.3.6.4 UK: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.3.6.4.1 UK: Military Truck Market, By Truck type
    - 11.3.6.4.2 UK: Military Truck Market, By Propulsion type
    - 11.3.6.4.3 UK: Military Truck Market, By Transmission type
    - 11.3.6.4.4 UK: Military Truck Market, By Application
  - 11.3.6.5 Russia: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.3.6.5.1 Russia: Military Truck Market, By Truck type
    - 11.3.6.5.2 Russia: Military Truck Market, By Propulsion type
    - 11.3.6.5.3 Russia: Military Truck Market, By Transmission type
    - 11.3.6.5.4 Russia: Military Truck Market, By Application
  - 11.3.6.6 Rest of Europe: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.3.6.6.1 Rest of Europe: Military Truck Market, By Truck type
    - 11.3.6.6.2 Rest of Europe: Military Truck Market, By Propulsion type
    - 11.3.6.6.3 Rest of Europe: Military Truck Market, By Transmission type
    - 11.3.6.6.4 Rest of Europe: Military Truck Market, By Application
11.4 APAC: Military Truck Market
- 11.4.1 APAC: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
- 11.4.2 APAC: Military Truck Market, By Truck type
- 11.4.3 APAC: Military Truck Market, By Propulsion type
- 11.4.4 APAC: Military Truck Market, By Transmission type
- 11.4.5 APAC: Military Truck Market, By Application
- 11.4.6 APAC: Military Truck Market, By Key Country
  - 11.4.6.1 Australia: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.4.6.1.1 Australia: Military Truck Market, By Truck type
    - 11.4.6.1.2 Australia: Military Truck Market, By Propulsion type
    - 11.4.6.1.3 Australia: Military Truck Market, By Transmission type
    - 11.4.6.1.4 Australia: Military Truck Market, By Application
  - 11.4.6.2 China: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.4.6.2.1 China: Military Truck Market, By Truck type
    - 11.4.6.2.2 China: Military Truck Market, By Propulsion type
    - 11.4.6.2.3 China: Military Truck Market, By Transmission type
    - 11.4.6.2.4 China: Military Truck Market, By Application
  - 11.4.6.3 India: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.4.6.3.1 India: Military Truck Market, By Truck type
    - 11.4.6.3.2 India: Military Truck Market, By Propulsion type
    - 11.4.6.3.3 India: Military Truck Market, By Transmission type
    - 11.4.6.3.4 India: Military Truck Market, By Application
  - 11.4.6.4 Japan: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.4.6.4.1 Japan: Military Truck Market, By Truck type
    - 11.4.6.4.2 Japan: Military Truck Market, By Propulsion type
    - 11.4.6.4.3 Japan: Military Truck Market, By Transmission type
    - 11.4.6.4.4 Japan: Military Truck Market, By Application
  - 11.4.6.5 South Korea: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.4.6.5.1 South Korea: Military Truck Market, By Truck type
    - 11.4.6.5.2 South Korea: Military Truck Market, By Propulsion type
    - 11.4.6.5.3 South Korea: Military Truck Market, By Transmission type
    - 11.4.6.5.4 South Korea: Military Truck Market, By Application
  - 11.4.6.6 Rest of APAC: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.4.6.6.1 Rest of APAC: Military Truck Market, By Truck type
    - 11.4.6.6.2 Rest of APAC: Military Truck Market, By Propulsion type
    - 11.4.6.6.3 Rest of APAC: Military Truck Market, By Transmission type
    - 11.4.6.6.4 Rest of APAC: Military Truck Market, By Application
11.5 MEA: Military Truck Market
- 11.5.1 MEA: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
- 11.5.2 MEA: Military Truck Market, By Truck type
- 11.5.3 MEA: Military Truck Market, By Propulsion type
- 11.5.4 MEA: Military Truck Market, By Transmission type
- 11.5.5 MEA: Military Truck Market, By Application
- 11.5.6 MEA: Military Truck Market, By Key Country
  - 11.5.6.1 South Africa: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.5.6.1.1 South Africa: Military Truck Market, By Truck type
    - 11.5.6.1.2 South Africa: Military Truck Market, By Propulsion type
    - 11.5.6.1.3 South Africa: Military Truck Market, By Application
  - 11.5.6.2 Saudi Arabia: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.5.6.2.1 Saudi Arabia: Military Truck Market, By Truck type
    - 11.5.6.2.2 Saudi Arabia: Military Truck Market, By Propulsion type
    - 11.5.6.2.3 Saudi Arabia: Military Truck Market, By Transmission type
    - 11.5.6.2.4 Saudi Arabia: Military Truck Market, By Application
  - 11.5.6.3 UAE: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.5.6.3.1 UAE: Military Truck Market, By Truck type
    - 11.5.6.3.2 UAE: Military Truck Market, By Propulsion type
    - 11.5.6.3.3 UAE: Military Truck Market, By Transmission type
    - 11.5.6.3.4 UAE: Military Truck Market, By Application
  - 11.5.6.4 Rest of MEA: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.5.6.4.1 Rest of MEA: Military Truck Market, By Truck type
    - 11.5.6.4.2 Rest of MEA: Military Truck Market, By Propulsion type
    - 11.5.6.4.3 Rest of MEA: Military Truck Market, By Transmission type
    - 11.5.6.4.4 Rest of MEA: Military Truck Market, By Application
11.6 SAM: Military Truck Market
- 11.6.1 SAM: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
- 11.6.2 SAM: Military Truck Market, By Truck type
- 11.6.3 SAM: Military Truck Market, By Propulsion type
- 11.6.4 SAM: Military Truck Market, By Transmission type
- 11.6.5 SAM: Military Truck Market, By Application
- 11.6.6 SAM: Military Truck Market, By Key Country
  - 11.6.6.1 Brazil: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.6.6.1.1 Brazil: Military Truck Market, By Truck type
    - 11.6.6.1.2 Brazil: Military Truck Market, By Propulsion type
    - 11.6.6.1.3 Brazil: Military Truck Market, By Transmission type
    - 11.6.6.1.4 Brazil: Military Truck Market, By Application
  - 11.6.6.2 Argentina: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.6.6.2.1 Argentina: Military Truck Market, By Truck type
    - 11.6.6.2.2 Argentina: Military Truck Market, By Propulsion type
    - 11.6.6.2.3 Argentina: Military Truck Market, By Transmission type
    - 11.6.6.2.4 Argentina: Military Truck Market, By Application
  - 11.6.6.3 Rest of SAM: Military Truck Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.6.6.3.1 Rest of SAM: Military Truck Market, By Truck type
    - 11.6.6.3.2 Rest of SAM: Military Truck Market, By Propulsion type
    - 11.6.6.3.3 Rest of SAM: Military Truck Market, By Transmission type
    - 11.6.6.3.4 Rest of SAM: Military Truck Market, By Application

12. Military Truck Market - Covid-19 Impact Analysis

12.1 Overview

13. Industry Landscape

13.1 Overview

14. Company Profiles

15. Appendix

15.1 About The Insight Partners
15.2 Word Index