Europe Armored Fighting Vehicles Market Size- By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Europe Armored Fighting Vehicles Market Size- By Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Europe Armored Fighting Vehicles Market Introduction and Overview

According to SPER market research, ‘Europe Armored Fighting Vehicles Market Size- By Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Armored Fighting Vehicles Market is predicted to reach USD 14.9 billion by 2033 with a CAGR of 5.91%.

Combat vehicles with armored protection, mobility, and firepower are known as armored fighting vehicles, or ARVs. These vehicles, which are essential in today’s fight, let ground forces to move around efficiently even when they are under fire. Among the many varieties of AFVs are infantry fighting vehicles (IFVs), tanks, APCs, and self-propelled artillery. Tanks’ primary job is to engage opposing armor and strongholds because they are the best-equipped and armored AFVs.

The worldwide outbreak of COVID-19 has resulted in significant disturbances to the Armored Fighting Vehicle (AFV) sector, affecting procurement, supply chains, and manufacturing worldwide. The implementation of lockdowns and travel restrictions in an attempt to curb the virus’s spread led to a labor shortage, factory closures, and logistical challenges that hindered the production of anti-fatigue vehicles. Furthermore, travel restrictions and social distancing laws hindered international collaboration and delayed crucial decision-making processes related to defense modernization and acquisition.

Scope of the Report:

Report Metric Details

Market size available for years 2020-2033

Base year considered 2023

Forecast period 2024-2033

Segments covered By Type

Regions covered UK, France, Germany, Italy, Spain, Rest of Europe

Companies Covered

ARQUUS Defense, BAE Systems, General Dynamics Corporation, Iveco Defence Vehicles, KNDS N.V., Military Industrial Company, Oshkosh Corporation Inc., Patria, Rheinmetall AG, Supacat

Europe Armored Fighting Vehicles Market Segmentation:

By Type:Based on the Type, Europe Armored Fighting Vehicles Market is segmented as; Armored Personal Carrier, Infantry Fighting Vehicle, Others.

By Region:This research also includes data for UK, France, Germany, Italy, Spain, Rest of Europe.