(PRWEB) August 13, 2014
The North American armored vehicle market has been estimated at $8,325.00 million in 2014 and it is expected to reach $8,586.00 million by 2019. This market is expected to grow at a CAGR of 0.62% between 2014 and 2019. The emergence of sequestration is shrinking the military budget enormously, which was evident in the current U.S. budget.
Browse through the TOC of the North America Armored Vehicle Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in the, and is supported by various tables and figures.
The size of the global armored vehicle market is estimated in this study and the report also talks about the different sub-segments of the market. The report further benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas. It also highlights the impact analysis of market dynamics with factors that currently drive and restrain the growth of the market, along with their impact in short, medium, and long-term landscapes.
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The U.S. is expected to continue downsizing its forces and procure less armored vehicles as the Afghan war of thirteen years ended recently. However, there will be a considerable level of expenditure on existing forces. There are three major armored vehicle programs that are expected to continue in the coming five years, namely, light armored vehicles, unmanned ground vehicles, and amphibious armored vehicles. This investment will help the U.S. sustain its position in the global armored vehicle market. Though its growth rate as well as share in the market would fall, it will continue to hold the highest share in the armored vehicle market.
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This report also includes the market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in this market.
Europe Armored Vehicle Market
The main purpose of armored vehicle is to protect soldiers from CBRN or mine attacks. Special vehicles such as Mine-Resistant Ambush Protected Vehicles (MRAPs) have been introduced to accomplish the purpose. Until 2012, around 42,000 MRAPs were produced with an overall expenditure of $47.70 billion.
The Europe armored vehicle market reached a value of $6,300.00 million in 2014 and is estimated to reach a value of $6,582.60 million by 2019; growing at a CAGR of approximately 0.88% from 2014 to 2019. MRAPs have the highest market value in the study period compared to other products. The emergence of sequestration is shrinking the military budget, but there will be a considerable level of expenditure on existing forces.
Asia-Pacific Armored Vehicle Market
The purpose of the armored vehicle report is to identify the various applications, technologies involved, products, and distribution channels of the Asia-Pacific armored vehicle market. It includes a deep dive analysis of the market segmentation, which comprises technology type, products, applications, and countries. The segmentation of products includes main battle tanks, light protected vehicles, armored personal carriers, amphibious armored vehicles, unmanned ground vehicles, and mine-resistant ambush protected vehicles. Tracking and analysis of competitive developments such as alliances, joint ventures, and mergers & acquisitions are covered in this report. It also provides the restraints impacting the growth of the market and its industry. Brief information about industry trends, market trends, and technology trends that are currently prevailing in the market have also been provided in the report.
Internal and external security threats are the major drivers of the market. The major challenges of the armored vehicle market are the extreme dependence on the defense sector and continuous political tensions from neighboring countries.
Middle East Armored Vehicle Market
The main purpose of armored vehicle is to protect soldiers from CBRN or mine attacks. Special vehicles such as Mine-Resistant Ambush Protected Vehicles (MRAPs) have been introduced to accomplish the purpose. Until 2012, around 42,000 MRAPs were produced with an overall expenditure of $47.7 billion.
The Middle East armored vehicle market has reached a value of $1,144.64 million in 2014 and is estimated to reach a value of $1,798.42 million by 2019, growing at a CAGR of approximately 9.46% during this period. Internal and external security threats are the major drivers of the armored vehicle market. The major challenges for armored vehicle market are the extreme dependence on the defense sector and continuous political tensions from neighboring countries. MRAPs have the highest market value in the study period compared to other products.
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