One Stop Solution For In-Depth Market Research Reports


Home    >    AEROSPACE AND DEFENCE   >   Europe Armored Fighting Vehicles Market

[ 英語タイトル ] Europe Armored Fighting Vehicles Market - Growth, Trends, and Forecasts (2020 - 2025)

Product Code : MDAD0086176
Survey : Mordor Intelligence
Publish On : November, 2020
Category : Aerospace and Defence
Report format : PDF
Sales price option (consumption tax not included)
Single User USD3750 / Question Form
5 User USD4250 / Question Form
Enterprise User USD7000 / Question Form
 - BAE Systems
- Oshkosh Corporation, Inc.
- Rheinmetall AG
- General Dynamics Corporation
- Patria
- Nexter group KNDS
- Military Industrial Company
- Supacat Limited (SC Group)
- ARQUUS Defense
- IVECO S.p.A.

[Report Description]

The Europe armored fighting vehicles market is anticipated to register a CAGR of over 3% during the forecast period, owing to demand from the armed forces, law enforcement agencies (police), and potential private owners.

- The increasing political tension, terrorism, and hostile activities that are happening across Europe are some of the major reasons generating the demand for armored vehicles.
- Increasing defense spending by European nations is likely to support the growth of the armored vehicles market. According to the International Institute of Strategic Studies (IISS), in 2019, European countries increased their defense spending by 4.2% over 2018.
- Initiatives such as the Permanent Structured Cooperation initiative or PESCO allow member nations of the European Union to develop weapons together in order to reduce NATO dependency. Such initiatives are fuelling the growth of the market.

Key Market Trends

Main Battle Tank Segment is Projected to Lead the Europe Armoured Fighting Vehicles Market from 2020 - 2025

Currently, the main battle tank (MBT) segment dominates the market and is expected to continue its domination during the forecast period. This is propelled by the increasing procurements of tanks by various countries, like Hungary, Russia, Poland, France, and Germany, among others. For instance, in August 2018, the Russian Ministry of Defense signed a contract with Uralvagonzavod (UVZ) for the production of 132 third-generation T-14 Armata main battle tanks (MBT) and T-15 heavy infantry fighting vehicles (IFV). The Russian Ground Forces are expected to receive a total of 100 T-14 MBTs by 2020. France and Germany aims at developing European Main Battle Tank (EMBT) under Main Ground Combat System (MGCS/KNDS (Krauss-Maffei Wegmann + Nexter Defense System) program to replace the German fleet of Leopard Tanks and French fleet of Leclerc Tanks by 2035

Russia is the largest market for Armored Fighting Vehicles in Europe

Russia has the largest fleet of armored fighting vehicles in Europe and a significant increase in spending in an effort to modernize the existing fleet is propelling the growth of the market. The presence of manufacturers such as Kurganmashzavod, KAMAZ, etc., who are actively spending in research and development of existing product lines is also driving the market. However, the armored fighting vehicle manufacturers in Russia are struggling with overcapacity problems due to overseas competition, etc. The current Russian fleet of fighting vehicles is developed keeping in mind the lethality and mobility with vehicles having excellent off-road mobility, amphibious mobility, etc. However, investments are being made to increase the survivability of the platform as well because the majority of Russian armored vehicles are effective against small ammunition and not the larger ones.

Competitive Landscape

The prominent players in the market are BAE Systems plc, Rheinmetall AG, General Dynamics Corporation, Patria, Oshkosh Corporation, Inc., and Nexter group KNDS among others. The armored fighting vehicles market in Europe is a fragmented one with nearly 16 out of 18 manufacturers having serial production. The majority of armored fighting vehicles fleet is present in nearly 3-4 countries and therefore a need arises to equip other European countries with advanced fighting vehicles. Many countries are using the older generation fleet and collaboration towards the development of new fighting vehicles is anticipated to propel the growth of the market in these countries. Italy has initiated the Forza NEC program, which focuses on the digitization of armored vehicles by architecture configuration.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1.1 Study Assumptions
1.2 Scope of the Study



4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5.1 Type
5.1.1 Armored Personal Carrier (APC)
5.1.2 Infantry Fighting Vehicle (IFV)
5.1.3 Main Battle Tank (MBT)
5.1.4 Other Types
5.2 Geography
5.2.1 Europe Germany United Kingdom France Russia Spain Rest of Europe

6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 BAE Systems
6.2.2 Oshkosh Corporation, Inc.
6.2.3 Rheinmetall AG
6.2.4 General Dynamics Corporation
6.2.5 Patria
6.2.6 Nexter group KNDS
6.2.7 Military Industrial Company
6.2.8 Supacat Limited (SC Group)
6.2.9 ARQUUS Defense
6.2.10 IVECO S.p.A.




Recommended reports