Military Trucks

Military Trucks

Global Military Trucks Market to Reach 23.6 Thousand Units by 2030

The global market for Military Trucks estimated at 18.2 Thousand Units in the year 2023, is expected to reach 23.6 Thousand Units by 2030, growing at a CAGR of 3.8% over the analysis period 2023-2030. Heavy Trucks, one of the segments analyzed in the report, is expected to record a 4.2% CAGR and reach 9.9 Thousand Units by the end of the analysis period. Growth in the Light Trucks segment is estimated at 3.7% CAGR over the analysis period.

The U.S. Market is Estimated at 4.8 Thousand Units While China is Forecast to Grow at 5.9% CAGR

The Military Trucks market in the U.S. is estimated at 4.8 Thousand Units in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of 4.9 Thousand Units by the year 2030 trailing a CAGR of 5.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.4% and 3.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Global Military Trucks Market - Key Trends and Drivers Summarized

How Are Military Trucks Supporting Ground Operations?

Military trucks are a critical component of ground operations, providing the transportation and logistical support needed to move personnel, equipment, and supplies across challenging terrain. These trucks are designed to operate in extreme conditions, including rough terrains, harsh climates, and combat zones, ensuring that military forces can maintain mobility and operational readiness in any environment. Military trucks come in various configurations, including light, medium, and heavy-duty vehicles, each designed for specific tasks, such as troop transport, cargo delivery, and equipment recovery. The demand for military trucks is growing as defense organizations seek to modernize their fleets and enhance mobility in combat and support missions. Advanced military trucks are equipped with modern technologies, such as GPS navigation systems, communication equipment, and autonomous driving capabilities, to improve operational efficiency and reduce the risk to personnel. Additionally, military trucks are being developed with increased payload capacity, improved fuel efficiency, and enhanced protection against threats such as mines and improvised explosive devices (IEDs).

What Technological Advancements Are Shaping the Military Trucks Market?

Several key advancements are shaping the military trucks market, including the development of hybrid and electric vehicles, autonomous driving systems, and advanced armor technologies. The shift towards hybrid and electric military trucks is being driven by the need for more fuel-efficient and environmentally sustainable vehicles. These trucks offer extended range and reduced fuel consumption, making them ideal for long-range missions in remote areas where fuel resupply is limited. Electric military trucks are also quieter than traditional diesel-powered vehicles, providing a tactical advantage in stealth operations. Autonomous driving technologies are another significant trend in the military trucks market. Unmanned military trucks can be used for supply convoys, reducing the risk to personnel in dangerous environments. Additionally, advancements in armor technologies are enhancing the survivability of military trucks by providing better protection against ballistic threats, mines, and IEDs. Modern military trucks are also equipped with active protection systems that can detect and neutralize incoming threats, improving the safety of troops and cargo.

How Do Market Segments Define the Growth of Military Trucks?

Types of military trucks include light, medium, and heavy-duty trucks, with heavy-duty trucks accounting for the largest market share due to their use in transporting heavy equipment and supplies. Light-duty trucks, used primarily for troop transport and reconnaissance missions, are also experiencing significant growth as military forces focus on mobility and rapid response capabilities. In terms of payload capacity, military trucks are categorized by their ability to carry specific weight loads, ranging from light trucks with payloads under 2.5 tons to heavy trucks that can carry over 10 tons. The heavy-duty segment is expected to see the highest growth due to the increasing need for transporting large equipment and supplies in combat and logistics operations. Applications of military trucks include troop transport, cargo delivery, and equipment recovery, with cargo delivery representing the largest market segment.

What Factors Are Driving the Growth in the Military Trucks Market?

The growth in the military trucks market is driven by several factors, including the modernization of military fleets, the increasing demand for fuel-efficient and autonomous vehicles, and the need for enhanced mobility in ground operations. As defense organizations focus on improving the mobility and logistics capabilities of their forces, the demand for advanced military trucks is rising. The development of hybrid and electric military trucks is also contributing to market growth, as these vehicles offer greater range and fuel efficiency. Additionally, the increasing adoption of autonomous driving technologies and advanced armor systems is enhancing the operational capabilities and survivability of military trucks, creating new opportunities for growth in the market.

Select Competitors (Total 42 Featured) -

• Arquus
• General Dynamics
• Iveco S.p.A.
• Krauss-Maffei Wegmann
• Mercedes-Benz AG
• Mitsubishi Heavy Industries
• Oshkosh Corporation, Inc.
• Rheinmetall AG
• Tata Motors
• Tatra Trucks A.S.
• Textron Inc.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.