Global Armoured Personnel Carrier Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Armoured Personnel Carrier market size was valued at US$ 4393 million in 2024 and is forecast to a readjusted size of USD 5955 million by 2031 with a CAGR of 4.5% during review period.

The global APC market has been growing steadily over the years, driven by several factors such as increasing defense budgets, geopolitical conflicts, and the need for modernization of military forces. APCs are versatile vehicles designed to transport troops and provide armored protection in combat zones. They are used by various military and security forces worldwide.

Key players in the global APC market include companies such as BAE Systems, General Dynamics Corporation, Rheinmetall AG, Oshkosh Defense, and Nexter Group, among others. These companies have a strong presence in the defense industry and offer a wide range of APCs with varying capabilities.

Market demand for APCs is influenced by factors such as military modernization programs, threat perception, and operational requirements of armed forces. Additionally, advancements in technology have led to the development of more advanced and sophisticated APCs with enhanced protection, mobility, and communication capabilities.

The market is segmented based on various factors such as vehicle type (wheeled or tracked), payload capacity, and end-user (military or law enforcement). Wheeled APCs are generally preferred for their higher mobility and lower maintenance costs, while tracked APCs offer better off-road capabilities and maneuverability.

In terms of regional demand, countries with active military operations, ongoing conflicts, and volatile security situations tend to invest heavily in APCs. Regions such as North America, Europe, Asia Pacific, and the Middle East have been significant markets for APCs, with countries like the United States, China, Russia, Germany, and Israel being major buyers.

This report is a detailed and comprehensive analysis for global Armoured Personnel Carrier market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Armoured Personnel Carrier market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Armoured Personnel Carrier market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Armoured Personnel Carrier market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Armoured Personnel Carrier market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Armoured Personnel Carrier

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Armoured Personnel Carrier market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include BAE Systems, Oshkosh, Nexter Group, Katmerciler, ARQUUS, NIMR, Patria, General Dynamics, Rheinmetall Defence, Hanwha Defense, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Armoured Personnel Carrier market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Wheeled Armoured Personnel Carrier
Tracked Armoured Personnel Carrier

Market segment by Application
Special Forces Transportation
Marine Corps Transportation
Mobile Infantry Transportion

Major players covered
BAE Systems
Oshkosh
Nexter Group
Katmerciler
ARQUUS
NIMR
Patria
General Dynamics
Rheinmetall Defence
Hanwha Defense
Armored Group
Roshel
International Armored Group
INKAS
EXCALIBUR ARMY spol
Mahindra
Kharkiv Morozov Machine
Norinco

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Armoured Personnel Carrier product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Armoured Personnel Carrier, with price, sales quantity, revenue, and global market share of Armoured Personnel Carrier from 2020 to 2025.

Chapter 3, the Armoured Personnel Carrier competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Armoured Personnel Carrier breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Armoured Personnel Carrier market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Armoured Personnel Carrier.

Chapter 14 and 15, to describe Armoured Personnel Carrier sales channel, distributors, customers, research findings and conclusion.