Global Wheeled Armoured Vehicles Market Growth 2025-2031

The global Wheeled Armoured Vehicles market size is predicted to grow from US$ 20120 million in 2025 to US$ 24630 million in 2031; it is expected to grow at a CAGR of 3.4% from 2025 to 2031.

The global wheeled armored vehicles market was a dynamic and competitive industry. Wheeled armored vehicles are military vehicles that are equipped with wheels instead of tracks, providing them with higher mobility and speed on roads and terrain.

The market for wheeled armored vehicles has been driven by various factors, including increasing defense budgets of several countries, modernization programs, and the need for advanced military equipment to address diverse security challenges. These vehicles are used for various purposes such as troop transportation, reconnaissance, command and control, and combat support.

The market is characterized by intense competition among major players, who continuously invest in research and development to upgrade their existing vehicle platforms or develop new vehicles with enhanced capabilities. Additionally, there are other regional manufacturers catering to local markets.

LP Information, Inc. (LPI) ' newest research report, the “Wheeled Armoured Vehicles Industry Forecast” looks at past sales and reviews total world Wheeled Armoured Vehicles sales in 2024, providing a comprehensive analysis by region and market sector of projected Wheeled Armoured Vehicles sales for 2025 through 2031. With Wheeled Armoured Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wheeled Armoured Vehicles industry.

This Insight Report provides a comprehensive analysis of the global Wheeled Armoured Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wheeled Armoured Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Wheeled Armoured Vehicles market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wheeled Armoured Vehicles and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wheeled Armoured Vehicles.

This report presents a comprehensive overview, market shares, and growth opportunities of Wheeled Armoured Vehicles market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Medium Duty Wheeled Armoured Vehicles
Heavy Duty Wheeled Armoured Vehicles

Segmentation by Application:
Transport
Investigation
Rescue
Communication
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
FNSS
General Dynamics
Iveco
KMW
Navistar Defense
Nexter
Oshkosh
Panhard
Patria
Renault Trucks Defense
Rheinmetall Defence
Textron Inc
Thales Australia
Uralvagonzavod
Katmerciler
AL JASOOR
VOP CZ, sp
Norinco

Key Questions Addressed in this Report

What is the 10-year outlook for the global Wheeled Armoured Vehicles market?

What factors are driving Wheeled Armoured Vehicles market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Wheeled Armoured Vehicles market opportunities vary by end market size?

How does Wheeled Armoured Vehicles break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.