About Military Trucks
A military truck is a vehicle that is utilized on the battlefield, through unpaved country roads and asphalted streets for the purpose to transport military supplies, troops, and fuel. These trucks are designed in such a manner that they have the capacity to face all land combat and off-road conditions. Many countries have their own specialized model of military trucks with unique attributes and special kinds of features. As per the different armed forces on the ground, these trucks are adjusted to the necessities. In general, these military trucks are made out of a combination of engine motor, chassis, a cabin, an area for the position of load and equipment, suspension, electrical, hydraulic, brakes, tires, and cooling system. These trucks are available with different kinds of configurations and different kinds of power utilization engine motors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The organizations in the market focus on creating new strategic alliances, partnerships with the other companies in the defense equipment manufacturing industry in order to grow their regional territories across the globe. Also, companies merging their technologies with other company's technology to develop an advanced military truck. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Military Trucks market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tata Motors (India), Krauss-Maffei Wegmann (Germany), Oshkosh Corporation, Inc. (United States), Mercedes-Benz AG (Germanay), Rheinmetall AG (Germany), AM General (United States), Daimler AG (Germany), Mitsubishi Heavy Industries Ltd (Japan), Kia Motors Corporation (South Korea) and Tatra Trucks A.S. (Czech Republic) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sisu Defence (Finland), Toyota (Japan), IVECO Defense Vehicles (Italy), KrAZ (Ukraine) and NIMR Automotive (United Arab Emirates).
Segmentation Overview
AMA Research has segmented the market of Global Military Trucks market by Type (Light Truck, Middle Truck and Heavy Truck), Application (Transport Troops, Fuel and Military Supplies) and Region.
On the basis of geography, the market of Military Trucks has been segmented into
. If we see Market by By Configuration, the sub-segment i.e. 4x4 will boost the Military Trucks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Transmission, the sub-segment i.e. Manual will boost the Military Trucks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Fuel, the sub-segment i.e. Diesel will boost the Military Trucks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High focus on developing technologically advance and modern vehicles and equipment and Growing conflicts between the countries in Asia-pacific regions
Market Growth Drivers:
Increase in the different government’s defense budget to strengthen their military forces and Growing demand for the technologically advanced military equipment’s
Challenges:
Higher maintenance cost of customized military trucks
Restraints:
High cost of technologically advance and customized military trucks and Technological errors in the new version of military trucks
Opportunities:
Rising the investments in research & development in order to make new advancement and Countries have an opportunity to develop military equipment manufacturing industry
Market Leaders and their expansionary development strategies
In December 2023, Kodiak Robotics, Inc., a leading self-driving technology developer for the trucking and defense markets, today unveiled its first autonomous test vehicle designed specifically for the U.S. Department of Defense (DoD). This vehicle is a Ford F-150 upfitted with Kodiak's autonomous system, the Kodiak Driver, and contains both the autonomy hardware and software required to operate a military ground vehicle. The Kodiak Driver-equipped vehicle is designed to handle complex military environments, diverse operational conditions, and areas with degraded GPS, as well as off-road variables like rocks, dust, mud, and water. The Kodiak Driver also provides the Army the ability to remotely operate vehicles when necessary.
On 14 Oct 2019, AM General, designs, engineers, manufactures, supplies and supports specialized vehicles for military and commercial customers worldwide partnered with Fiat Chrysler Automobiles to generate light tactical concept vehicle. This new venture gives an opportunity to showcase expertise in light tactical vehicles and help FCA to maximize the Gladiator’s global reach and potentially enter new military markets.
Key Target Audience
Industry Association, Distribution Channels, Defense Industry, Original Equipment Manufacturers, Government Regulatory Bodies and Private Research Organization
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.