The global market for Military Wheeled Armored Vehicle was valued at US$ 10534 million in the year 2024 and is projected to reach a revised size of US$ 16463 million by 2031, growing at a CAGR of 6.0% during the forecast period.

Military Wheeled Armored Vehicle Market

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In 2024, global production of military wheeled armored vehicles will reach approximately 6,800 units, with an average unit price of approximately $1.5 million. Military wheeled armored vehicles are light or medium armored combat vehicles that utilize a wheeled chassis rather than tracks. Their primary mission is to provide mobility, fire support, and protection for infantry in ground combat. They can also perform a variety of missions, including patrolling, reconnaissance, counterterrorism, and security maintenance. Compared to tanks and tracked armored vehicles, they offer advantages such as high road mobility, rapid deployment, and lower operating and maintenance costs. However, their off-road performance and armor protection are generally inferior.

The global military wheeled armored vehicle market is experiencing rapid growth. Demand growth is primarily driven by the increasing complexity of regional security environments, the increasing frequency of urbanized warfare, and the urgent need for mobility, information technology, and comprehensive protection capabilities among armed forces worldwide. Compared to traditional tracked armored vehicles, wheeled armored vehicles offer advantages such as high mobility, strong road adaptability, convenient strategic deployment, and low lifecycle costs. They are becoming increasingly important equipment in ground combat and asymmetric warfare environments. Currently, various platforms, including 8x8, 6x6, and 4x4, are widely used for personnel transport, protective patrols, fire support, and peacekeeping missions. Their multi-mission adaptability and modular development are continuously increasing.

In terms of market development trends, wheeled armored vehicles are evolving towards modularity, intelligence, lightweighting, and networking. The modular chassis and mission compartment design enable the same platform to rapidly switch between personnel transport, reconnaissance and command, medical rescue, or firepower strike functions, thereby enhancing flexibility and cost-effectiveness. Intelligence is reflected in the comprehensive integration of C4ISR systems, situational awareness, and remote control capabilities, making wheeled armored vehicles not only troop transport tools but also battlefield information nodes. The application of lightweight materials and the exploration of hybrid or electric propulsion systems reduce energy consumption and maintenance burdens while improving tactical mobility. Networking emphasizes collaboration with drones, sensor networks, and electronic warfare systems, enhancing their value in system-of-systems operations.

Positive drivers include the steady growth of global defense budgets, the increasing demand for regional conflict and counterterrorism and stability maintenance, and the acceleration of equipment replacement and upgrade programs. In particular, NATO countries and emerging military powers in the Asia-Pacific are promoting large-scale equipment replacements, driving orders for high-protection, high-mobility platforms. Furthermore, technological advancements in sensors, composite armor materials, active protection systems, and remote weapon stations are injecting new growth momentum into the market. Constraining factors include tightening military trade export policies, uncertain supply chains for key components and electronic components, and the differentiated operational environment requirements of different regions, all of which place greater demands on the industry chain to adapt flexibly.

Regional distribution: North America and Europe remain the core markets for military wheeled armored vehicles, driven primarily by replacement and performance upgrade programs and leading in R&D and system integration. The Asia-Pacific region is the fastest-growing market, benefiting from geopolitical security challenges, military modernization, and localized production policies, resulting in continued strong demand. Demand in the Middle East is focused on high-protection, all-terrain mobility platforms to cope with complex battlefields and counterterrorism missions. While the Latin American and African markets are relatively small overall, they demonstrate stable demand for vehicles in border control, stabilization operations, and cost-effective procurement.

Overall, the global military wheeled armored vehicle market is expected to maintain steady growth over the next five to ten years, accelerating its evolution towards platform commonality, mission modularization, intelligent integration, and green propulsion. For companies in the industry chain, seizing opportunities in equipment upgrades and renovations, regional and localized collaboration, and the integrated delivery of "platform + system + service" will be key to gaining competitive advantage and market share.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Military Wheeled Armored Vehicle, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Military Wheeled Armored Vehicle.

The Military Wheeled Armored Vehicle market size, estimations, and forecasts are provided in terms of output/shipments (Unit) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Military Wheeled Armored Vehicle market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Military Wheeled Armored Vehicle manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Scope of Military Wheeled Armored Vehicle Market Report

Report Metric	Details
Report Name	Military Wheeled Armored Vehicle Market
Accounted market size in year	US$ 10534 million
Forecasted market size in 2031	US$ 16463 million
CAGR	6.0%
Base Year	year
Forecasted years	2025 - 2031
Segment by Type	4X4 Wheeled Armored Vehicle 6X6 Vehicle Wheeled Armored Vehicle 8X8 Vehicle Wheeled Armored Vehicle
Segment by Application	Tactical Combat Transportation Others
Production by Region	North America Europe China Japan
Consumption by Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Asia-Pacific (China, Japan, South Korea, Taiwan) Southeast Asia (India) Latin America (Mexico, Brazil)
By Company	General Dynamics, BAE Systems, Oshkosh, Rheinmetall, China North Industrial, Nexter Systems, Hyundai Rotem, FNSS, Uralvagonzavod, STREIT Group, Thales Group, Textron, Iveco Defence Vehicles, ST Engineering, BMC, Otokar, NIMR Automotive, Mahindra
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Military Wheeled Armored Vehicle manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Military Wheeled Armored Vehicle by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Military Wheeled Armored Vehicle in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.

FAQ for this report

How fast is Military Wheeled Armored Vehicle Market growing?

Ans: The Military Wheeled Armored Vehicle Market witnessing a CAGR of 6.0% during the forecast period 2025-2031.

What is the Military Wheeled Armored Vehicle Market size in 2031?

Ans: The Military Wheeled Armored Vehicle Market size in 2031 will be US$ 16463 million.

Who are the main players in the Military Wheeled Armored Vehicle Market report?

Ans: The main players in the Military Wheeled Armored Vehicle Market are General Dynamics, BAE Systems, Oshkosh, Rheinmetall, China North Industrial, Nexter Systems, Hyundai Rotem, FNSS, Uralvagonzavod, STREIT Group, Thales Group, Textron, Iveco Defence Vehicles, ST Engineering, BMC, Otokar, NIMR Automotive, Mahindra

What are the Application segmentation covered in the Military Wheeled Armored Vehicle Market report?

Ans: The Applications covered in the Military Wheeled Armored Vehicle Market report are Tactical Combat, Transportation, Others

What are the Type segmentation covered in the Military Wheeled Armored Vehicle Market report?

Ans: The Types covered in the Military Wheeled Armored Vehicle Market report are 4X4 Wheeled Armored Vehicle, 6X6 Vehicle Wheeled Armored Vehicle, 8X8 Vehicle Wheeled Armored Vehicle

1 Military Wheeled Armored Vehicle Market Overview

1.1 Product Definition

1.2 Military Wheeled Armored Vehicle by Type

1.2.1 Global Military Wheeled Armored Vehicle Market Value Growth Rate Analysis by Type: 2024 VS 2031

1.2.2 4X4 Wheeled Armored Vehicle

1.2.3 6X6 Vehicle Wheeled Armored Vehicle

1.2.4 8X8 Vehicle Wheeled Armored Vehicle

1.3 Military Wheeled Armored Vehicle by Application

1.3.1 Global Military Wheeled Armored Vehicle Market Value Growth Rate Analysis by Application: 2024 VS 2031

1.3.2 Tactical Combat

1.3.3 Transportation

1.3.4 Others

1.4 Global Market Growth Prospects

1.4.1 Global Military Wheeled Armored Vehicle Production Value Estimates and Forecasts (2020-2031)

1.4.2 Global Military Wheeled Armored Vehicle Production Capacity Estimates and Forecasts (2020-2031)

1.4.3 Global Military Wheeled Armored Vehicle Production Estimates and Forecasts (2020-2031)

1.4.4 Global Military Wheeled Armored Vehicle Market Average Price Estimates and Forecasts (2020-2031)

1.5 Assumptions and Limitations

2 Market Competition by Manufacturers

2.1 Global Military Wheeled Armored Vehicle Production Market Share by Manufacturers (2020-2025)

2.2 Global Military Wheeled Armored Vehicle Production Value Market Share by Manufacturers (2020-2025)

2.3 Global Key Players of Military Wheeled Armored Vehicle, Industry Ranking, 2023 VS 2024

2.4 Global Military Wheeled Armored Vehicle Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

2.5 Global Military Wheeled Armored Vehicle Average Price by Manufacturers (2020-2025)

2.6 Global Key Manufacturers of Military Wheeled Armored Vehicle, Manufacturing Base Distribution and Headquarters

2.7 Global Key Manufacturers of Military Wheeled Armored Vehicle, Product Offered and Application

2.8 Global Key Manufacturers of Military Wheeled Armored Vehicle, Date of Enter into This Industry

2.9 Military Wheeled Armored Vehicle Market Competitive Situation and Trends

2.9.1 Military Wheeled Armored Vehicle Market Concentration Rate

2.9.2 Global 5 and 10 Largest Military Wheeled Armored Vehicle Players Market Share by Revenue

2.10 Mergers & Acquisitions, Expansion

3 Military Wheeled Armored Vehicle Production by Region

3.1 Global Military Wheeled Armored Vehicle Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

3.2 Global Military Wheeled Armored Vehicle Production Value by Region (2020-2031)

3.2.1 Global Military Wheeled Armored Vehicle Production Value by Region (2020-2025)

3.2.2 Global Forecasted Production Value of Military Wheeled Armored Vehicle by Region (2026-2031)

3.3 Global Military Wheeled Armored Vehicle Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

3.4 Global Military Wheeled Armored Vehicle Production Volume by Region (2020-2031)

3.4.1 Global Military Wheeled Armored Vehicle Production by Region (2020-2025)

3.4.2 Global Forecasted Production of Military Wheeled Armored Vehicle by Region (2026-2031)

3.5 Global Military Wheeled Armored Vehicle Market Price Analysis by Region (2020-2025)

3.6 Global Military Wheeled Armored Vehicle Production and Value, Year-over-Year Growth

3.6.1 North America Military Wheeled Armored Vehicle Production Value Estimates and Forecasts (2020-2031)

3.6.2 Europe Military Wheeled Armored Vehicle Production Value Estimates and Forecasts (2020-2031)

3.6.3 China Military Wheeled Armored Vehicle Production Value Estimates and Forecasts (2020-2031)

3.6.4 Japan Military Wheeled Armored Vehicle Production Value Estimates and Forecasts (2020-2031)

4 Military Wheeled Armored Vehicle Consumption by Region

4.1 Global Military Wheeled Armored Vehicle Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

4.2 Global Military Wheeled Armored Vehicle Consumption by Region (2020-2031)

4.2.1 Global Military Wheeled Armored Vehicle Consumption by Region (2020-2025)

4.2.2 Global Military Wheeled Armored Vehicle Forecasted Consumption by Region (2026-2031)

4.3 North America

4.3.1 North America Military Wheeled Armored Vehicle Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.3.2 North America Military Wheeled Armored Vehicle Consumption by Country (2020-2031)

4.3.3 U.S.

4.3.4 Canada

4.4 Europe

4.4.1 Europe Military Wheeled Armored Vehicle Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.4.2 Europe Military Wheeled Armored Vehicle Consumption by Country (2020-2031)

4.4.3 Germany

4.4.4 France

4.4.5 U.K.

4.4.6 Italy

4.4.7 Netherlands

4.5 Asia Pacific

4.5.1 Asia Pacific Military Wheeled Armored Vehicle Consumption Growth Rate by Region: 2020 VS 2024 VS 2031

4.5.2 Asia Pacific Military Wheeled Armored Vehicle Consumption by Region (2020-2031)

4.5.3 China

4.5.4 Japan

4.5.5 South Korea

4.5.6 China Taiwan

4.5.7 Southeast Asia

4.5.8 India

4.6 Latin America, Middle East & Africa

4.6.1 Latin America, Middle East & Africa Military Wheeled Armored Vehicle Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.6.2 Latin America, Middle East & Africa Military Wheeled Armored Vehicle Consumption by Country (2020-2031)

4.6.3 Mexico

4.6.4 Brazil

4.6.5 Turkey

4.6.6 GCC Countries

5 Segment by Type

5.1 Global Military Wheeled Armored Vehicle Production by Type (2020-2031)

5.1.1 Global Military Wheeled Armored Vehicle Production by Type (2020-2025)

5.1.2 Global Military Wheeled Armored Vehicle Production by Type (2026-2031)

5.1.3 Global Military Wheeled Armored Vehicle Production Market Share by Type (2020-2031)

5.2 Global Military Wheeled Armored Vehicle Production Value by Type (2020-2031)

5.2.1 Global Military Wheeled Armored Vehicle Production Value by Type (2020-2025)

5.2.2 Global Military Wheeled Armored Vehicle Production Value by Type (2026-2031)

5.2.3 Global Military Wheeled Armored Vehicle Production Value Market Share by Type (2020-2031)

5.3 Global Military Wheeled Armored Vehicle Price by Type (2020-2031)

6 Segment by Application

6.1 Global Military Wheeled Armored Vehicle Production by Application (2020-2031)

6.1.1 Global Military Wheeled Armored Vehicle Production by Application (2020-2025)

6.1.2 Global Military Wheeled Armored Vehicle Production by Application (2026-2031)

6.1.3 Global Military Wheeled Armored Vehicle Production Market Share by Application (2020-2031)

6.2 Global Military Wheeled Armored Vehicle Production Value by Application (2020-2031)

6.2.1 Global Military Wheeled Armored Vehicle Production Value by Application (2020-2025)

6.2.2 Global Military Wheeled Armored Vehicle Production Value by Application (2026-2031)

6.2.3 Global Military Wheeled Armored Vehicle Production Value Market Share by Application (2020-2031)

6.3 Global Military Wheeled Armored Vehicle Price by Application (2020-2031)

7 Key Companies Profiled

7.1 General Dynamics

7.1.1 General Dynamics Military Wheeled Armored Vehicle Company Information

7.1.2 General Dynamics Military Wheeled Armored Vehicle Product Portfolio

7.1.3 General Dynamics Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.1.4 General Dynamics Main Business and Markets Served

7.1.5 General Dynamics Recent Developments/Updates

7.2 BAE Systems

7.2.1 BAE Systems Military Wheeled Armored Vehicle Company Information

7.2.2 BAE Systems Military Wheeled Armored Vehicle Product Portfolio

7.2.3 BAE Systems Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.2.4 BAE Systems Main Business and Markets Served

7.2.5 BAE Systems Recent Developments/Updates

7.3 Oshkosh

7.3.1 Oshkosh Military Wheeled Armored Vehicle Company Information

7.3.2 Oshkosh Military Wheeled Armored Vehicle Product Portfolio

7.3.3 Oshkosh Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.3.4 Oshkosh Main Business and Markets Served

7.3.5 Oshkosh Recent Developments/Updates

7.4 Rheinmetall

7.4.1 Rheinmetall Military Wheeled Armored Vehicle Company Information

7.4.2 Rheinmetall Military Wheeled Armored Vehicle Product Portfolio

7.4.3 Rheinmetall Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.4.4 Rheinmetall Main Business and Markets Served

7.4.5 Rheinmetall Recent Developments/Updates

7.5 China North Industrial

7.5.1 China North Industrial Military Wheeled Armored Vehicle Company Information

7.5.2 China North Industrial Military Wheeled Armored Vehicle Product Portfolio

7.5.3 China North Industrial Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.5.4 China North Industrial Main Business and Markets Served

7.5.5 China North Industrial Recent Developments/Updates

7.6 Nexter Systems

7.6.1 Nexter Systems Military Wheeled Armored Vehicle Company Information

7.6.2 Nexter Systems Military Wheeled Armored Vehicle Product Portfolio

7.6.3 Nexter Systems Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.6.4 Nexter Systems Main Business and Markets Served

7.6.5 Nexter Systems Recent Developments/Updates

7.7 Hyundai Rotem

7.7.1 Hyundai Rotem Military Wheeled Armored Vehicle Company Information

7.7.2 Hyundai Rotem Military Wheeled Armored Vehicle Product Portfolio

7.7.3 Hyundai Rotem Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.7.4 Hyundai Rotem Main Business and Markets Served

7.7.5 Hyundai Rotem Recent Developments/Updates

7.8 FNSS

7.8.1 FNSS Military Wheeled Armored Vehicle Company Information

7.8.2 FNSS Military Wheeled Armored Vehicle Product Portfolio

7.8.3 FNSS Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.8.4 FNSS Main Business and Markets Served

7.8.5 FNSS Recent Developments/Updates

7.9 Uralvagonzavod

7.9.1 Uralvagonzavod Military Wheeled Armored Vehicle Company Information

7.9.2 Uralvagonzavod Military Wheeled Armored Vehicle Product Portfolio

7.9.3 Uralvagonzavod Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.9.4 Uralvagonzavod Main Business and Markets Served

7.9.5 Uralvagonzavod Recent Developments/Updates

7.10 STREIT Group

7.10.1 STREIT Group Military Wheeled Armored Vehicle Company Information

7.10.2 STREIT Group Military Wheeled Armored Vehicle Product Portfolio

7.10.3 STREIT Group Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.10.4 STREIT Group Main Business and Markets Served

7.10.5 STREIT Group Recent Developments/Updates

7.11 Thales Group

7.11.1 Thales Group Military Wheeled Armored Vehicle Company Information

7.11.2 Thales Group Military Wheeled Armored Vehicle Product Portfolio

7.11.3 Thales Group Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.11.4 Thales Group Main Business and Markets Served

7.11.5 Thales Group Recent Developments/Updates

7.12 Textron

7.12.1 Textron Military Wheeled Armored Vehicle Company Information

7.12.2 Textron Military Wheeled Armored Vehicle Product Portfolio

7.12.3 Textron Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.12.4 Textron Main Business and Markets Served

7.12.5 Textron Recent Developments/Updates

7.13 Iveco Defence Vehicles

7.13.1 Iveco Defence Vehicles Military Wheeled Armored Vehicle Company Information

7.13.2 Iveco Defence Vehicles Military Wheeled Armored Vehicle Product Portfolio

7.13.3 Iveco Defence Vehicles Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.13.4 Iveco Defence Vehicles Main Business and Markets Served

7.13.5 Iveco Defence Vehicles Recent Developments/Updates

7.14 ST Engineering

7.14.1 ST Engineering Military Wheeled Armored Vehicle Company Information

7.14.2 ST Engineering Military Wheeled Armored Vehicle Product Portfolio

7.14.3 ST Engineering Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.14.4 ST Engineering Main Business and Markets Served

7.14.5 ST Engineering Recent Developments/Updates

7.15 BMC

7.15.1 BMC Military Wheeled Armored Vehicle Company Information

7.15.2 BMC Military Wheeled Armored Vehicle Product Portfolio

7.15.3 BMC Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.15.4 BMC Main Business and Markets Served

7.15.5 BMC Recent Developments/Updates

7.16 Otokar

7.16.1 Otokar Military Wheeled Armored Vehicle Company Information

7.16.2 Otokar Military Wheeled Armored Vehicle Product Portfolio

7.16.3 Otokar Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.16.4 Otokar Main Business and Markets Served

7.16.5 Otokar Recent Developments/Updates

7.17 NIMR Automotive

7.17.1 NIMR Automotive Military Wheeled Armored Vehicle Company Information

7.17.2 NIMR Automotive Military Wheeled Armored Vehicle Product Portfolio

7.17.3 NIMR Automotive Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.17.4 NIMR Automotive Main Business and Markets Served

7.17.5 NIMR Automotive Recent Developments/Updates

7.18 Mahindra

7.18.1 Mahindra Military Wheeled Armored Vehicle Company Information

7.18.2 Mahindra Military Wheeled Armored Vehicle Product Portfolio

7.18.3 Mahindra Military Wheeled Armored Vehicle Production, Value, Price and Gross Margin (2020-2025)

7.18.4 Mahindra Main Business and Markets Served

7.18.5 Mahindra Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis

8.1 Military Wheeled Armored Vehicle Industry Chain Analysis

8.2 Military Wheeled Armored Vehicle Raw Material Supply Analysis

8.2.1 Key Raw Materials

8.2.2 Raw Materials Key Suppliers

8.3 Military Wheeled Armored Vehicle Production Mode & Process Analysis

8.4 Military Wheeled Armored Vehicle Sales and Marketing

8.4.1 Military Wheeled Armored Vehicle Sales Channels

8.4.2 Military Wheeled Armored Vehicle Distributors

8.5 Military Wheeled Armored Vehicle Customer Analysis

9 Military Wheeled Armored Vehicle Market Dynamics

9.1 Military Wheeled Armored Vehicle Industry Trends

9.2 Military Wheeled Armored Vehicle Market Drivers

9.3 Military Wheeled Armored Vehicle Market Challenges

9.4 Military Wheeled Armored Vehicle Market Restraints

10 Research Findings and Conclusion

11 Methodology and Data Source

11.1 Methodology/Research Approach

11.1.1 Research Programs/Design

11.1.2 Market Size Estimation

11.1.3 Market Breakdown and Data Triangulation

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Author List

11.4 Disclaimer

FEATURED COMPANIES

Oshkosh

Rheinmetall

China North Industrial

Iveco Defence Vehicles

List of Tables

Table 1. Global Military Wheeled Armored Vehicle Market Value by Type, (US$ Million) & (2024 VS 2031)

Table 2. Global Military Wheeled Armored Vehicle Market Value by Application, (US$ Million) & (2024 VS 2031)

Table 3. Global Military Wheeled Armored Vehicle Production Capacity (Unit) by Manufacturers in 2024

Table 4. Global Military Wheeled Armored Vehicle Production by Manufacturers (2020-2025) & (Unit)

Table 5. Global Military Wheeled Armored Vehicle Production Market Share by Manufacturers (2020-2025)

Table 6. Global Military Wheeled Armored Vehicle Production Value by Manufacturers (2020-2025) & (US$ Million)

Table 7. Global Military Wheeled Armored Vehicle Production Value Share by Manufacturers (2020-2025)

Table 8. Global Key Players of Military Wheeled Armored Vehicle, Industry Ranking, 2023 VS 2024

Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Military Wheeled Armored Vehicle as of 2024)

Table 10. Global Market Military Wheeled Armored Vehicle Average Price by Manufacturers (US$/Unit) & (2020-2025)

Table 11. Global Key Manufacturers of Military Wheeled Armored Vehicle, Manufacturing Base Distribution and Headquarters

Table 12. Global Key Manufacturers of Military Wheeled Armored Vehicle, Product Offered and Application

Table 13. Global Key Manufacturers of Military Wheeled Armored Vehicle, Date of Enter into This Industry

Table 14. Global Military Wheeled Armored Vehicle Manufacturers Market Concentration Ratio (CR5 and HHI)

Table 15. Mergers & Acquisitions, Expansion Plans

Table 16. Global Military Wheeled Armored Vehicle Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)

Table 17. Global Military Wheeled Armored Vehicle Production Value (US$ Million) by Region (2020-2025)

Table 18. Global Military Wheeled Armored Vehicle Production Value Market Share by Region (2020-2025)

Table 19. Global Military Wheeled Armored Vehicle Production Value (US$ Million) Forecast by Region (2026-2031)

Table 20. Global Military Wheeled Armored Vehicle Production Value Market Share Forecast by Region (2026-2031)

Table 21. Global Military Wheeled Armored Vehicle Production Comparison by Region: 2020 VS 2024 VS 2031 (Unit)

Table 22. Global Military Wheeled Armored Vehicle Production (Unit) by Region (2020-2025)

Table 23. Global Military Wheeled Armored Vehicle Production Market Share by Region (2020-2025)

Table 24. Global Military Wheeled Armored Vehicle Production (Unit) Forecast by Region (2026-2031)

Table 25. Global Military Wheeled Armored Vehicle Production Market Share Forecast by Region (2026-2031)

Table 26. Global Military Wheeled Armored Vehicle Market Average Price (US$/Unit) by Region (2020-2025)

Table 27. Global Military Wheeled Armored Vehicle Market Average Price (US$/Unit) by Region (2026-2031)

Table 28. Global Military Wheeled Armored Vehicle Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Unit)

Table 29. Global Military Wheeled Armored Vehicle Consumption by Region (2020-2025) & (Unit)

Table 30. Global Military Wheeled Armored Vehicle Consumption Market Share by Region (2020-2025)

Table 31. Global Military Wheeled Armored Vehicle Forecasted Consumption by Region (2026-2031) & (Unit)

Table 32. Global Military Wheeled Armored Vehicle Forecasted Consumption Market Share by Region (2026-2031)

Table 33. North America Military Wheeled Armored Vehicle Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Unit)

Table 34. North America Military Wheeled Armored Vehicle Consumption by Country (2020-2025) & (Unit)

Table 35. North America Military Wheeled Armored Vehicle Consumption by Country (2026-2031) & (Unit)

Table 36. Europe Military Wheeled Armored Vehicle Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Unit)

Table 37. Europe Military Wheeled Armored Vehicle Consumption by Country (2020-2025) & (Unit)

Table 38. Europe Military Wheeled Armored Vehicle Consumption by Country (2026-2031) & (Unit)

Table 39. Asia Pacific Military Wheeled Armored Vehicle Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Unit)

Table 40. Asia Pacific Military Wheeled Armored Vehicle Consumption by Region (2020-2025) & (Unit)

Table 41. Asia Pacific Military Wheeled Armored Vehicle Consumption by Region (2026-2031) & (Unit)

Table 42. Latin America, Middle East & Africa Military Wheeled Armored Vehicle Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Unit)

Table 43. Latin America, Middle East & Africa Military Wheeled Armored Vehicle Consumption by Country (2020-2025) & (Unit)

Table 44. Latin America, Middle East & Africa Military Wheeled Armored Vehicle Consumption by Country (2026-2031) & (Unit)

Table 45. Global Military Wheeled Armored Vehicle Production (Unit) by Type (2020-2025)

Table 46. Global Military Wheeled Armored Vehicle Production (Unit) by Type (2026-2031)

Table 47. Global Military Wheeled Armored Vehicle Production Market Share by Type (2020-2025)

Table 48. Global Military Wheeled Armored Vehicle Production Market Share by Type (2026-2031)

Table 49. Global Military Wheeled Armored Vehicle Production Value (US$ Million) by Type (2020-2025)

Table 50. Global Military Wheeled Armored Vehicle Production Value (US$ Million) by Type (2026-2031)

Table 51. Global Military Wheeled Armored Vehicle Production Value Market Share by Type (2020-2025)

Table 52. Global Military Wheeled Armored Vehicle Production Value Market Share by Type (2026-2031)

Table 53. Global Military Wheeled Armored Vehicle Price (US$/Unit) by Type (2020-2025)

Table 54. Global Military Wheeled Armored Vehicle Price (US$/Unit) by Type (2026-2031)

Table 55. Global Military Wheeled Armored Vehicle Production (Unit) by Application (2020-2025)

Table 56. Global Military Wheeled Armored Vehicle Production (Unit) by Application (2026-2031)

Table 57. Global Military Wheeled Armored Vehicle Production Market Share by Application (2020-2025)

Table 58. Global Military Wheeled Armored Vehicle Production Market Share by Application (2026-2031)

Table 59. Global Military Wheeled Armored Vehicle Production Value (US$ Million) by Application (2020-2025)

Table 60. Global Military Wheeled Armored Vehicle Production Value (US$ Million) by Application (2026-2031)

Table 61. Global Military Wheeled Armored Vehicle Production Value Market Share by Application (2020-2025)

Table 62. Global Military Wheeled Armored Vehicle Production Value Market Share by Application (2026-2031)

Table 63. Global Military Wheeled Armored Vehicle Price (US$/Unit) by Application (2020-2025)

Table 64. Global Military Wheeled Armored Vehicle Price (US$/Unit) by Application (2026-2031)

Table 65. General Dynamics Military Wheeled Armored Vehicle Company Information

Table 66. General Dynamics Military Wheeled Armored Vehicle Specification and Application

Table 67. General Dynamics Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 68. General Dynamics Main Business and Markets Served

Table 69. General Dynamics Recent Developments/Updates

Table 70. BAE Systems Military Wheeled Armored Vehicle Company Information

Table 71. BAE Systems Military Wheeled Armored Vehicle Specification and Application

Table 72. BAE Systems Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 73. BAE Systems Main Business and Markets Served

Table 74. BAE Systems Recent Developments/Updates

Table 75. Oshkosh Military Wheeled Armored Vehicle Company Information

Table 76. Oshkosh Military Wheeled Armored Vehicle Specification and Application

Table 77. Oshkosh Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 78. Oshkosh Main Business and Markets Served

Table 79. Oshkosh Recent Developments/Updates

Table 80. Rheinmetall Military Wheeled Armored Vehicle Company Information

Table 81. Rheinmetall Military Wheeled Armored Vehicle Specification and Application

Table 82. Rheinmetall Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 83. Rheinmetall Main Business and Markets Served

Table 84. Rheinmetall Recent Developments/Updates

Table 85. China North Industrial Military Wheeled Armored Vehicle Company Information

Table 86. China North Industrial Military Wheeled Armored Vehicle Specification and Application

Table 87. China North Industrial Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 88. China North Industrial Main Business and Markets Served

Table 89. China North Industrial Recent Developments/Updates

Table 90. Nexter Systems Military Wheeled Armored Vehicle Company Information

Table 91. Nexter Systems Military Wheeled Armored Vehicle Specification and Application

Table 92. Nexter Systems Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 93. Nexter Systems Main Business and Markets Served

Table 94. Nexter Systems Recent Developments/Updates

Table 95. Hyundai Rotem Military Wheeled Armored Vehicle Company Information

Table 96. Hyundai Rotem Military Wheeled Armored Vehicle Specification and Application

Table 97. Hyundai Rotem Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 98. Hyundai Rotem Main Business and Markets Served

Table 99. Hyundai Rotem Recent Developments/Updates

Table 100. FNSS Military Wheeled Armored Vehicle Company Information

Table 101. FNSS Military Wheeled Armored Vehicle Specification and Application

Table 102. FNSS Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 103. FNSS Main Business and Markets Served

Table 104. FNSS Recent Developments/Updates

Table 105. Uralvagonzavod Military Wheeled Armored Vehicle Company Information

Table 106. Uralvagonzavod Military Wheeled Armored Vehicle Specification and Application

Table 107. Uralvagonzavod Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 108. Uralvagonzavod Main Business and Markets Served

Table 109. Uralvagonzavod Recent Developments/Updates

Table 110. STREIT Group Military Wheeled Armored Vehicle Company Information

Table 111. STREIT Group Military Wheeled Armored Vehicle Specification and Application

Table 112. STREIT Group Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 113. STREIT Group Main Business and Markets Served

Table 114. STREIT Group Recent Developments/Updates

Table 115. Thales Group Military Wheeled Armored Vehicle Company Information

Table 116. Thales Group Military Wheeled Armored Vehicle Specification and Application

Table 117. Thales Group Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 118. Thales Group Main Business and Markets Served

Table 119. Thales Group Recent Developments/Updates

Table 120. Textron Military Wheeled Armored Vehicle Company Information

Table 121. Textron Military Wheeled Armored Vehicle Specification and Application

Table 122. Textron Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 123. Textron Main Business and Markets Served

Table 124. Textron Recent Developments/Updates

Table 125. Iveco Defence Vehicles Military Wheeled Armored Vehicle Company Information

Table 126. Iveco Defence Vehicles Military Wheeled Armored Vehicle Specification and Application

Table 127. Iveco Defence Vehicles Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 128. Iveco Defence Vehicles Main Business and Markets Served

Table 129. Iveco Defence Vehicles Recent Developments/Updates

Table 130. ST Engineering Military Wheeled Armored Vehicle Company Information

Table 131. ST Engineering Military Wheeled Armored Vehicle Specification and Application

Table 132. ST Engineering Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 133. ST Engineering Main Business and Markets Served

Table 134. ST Engineering Recent Developments/Updates

Table 135. BMC Military Wheeled Armored Vehicle Company Information

Table 136. BMC Military Wheeled Armored Vehicle Specification and Application

Table 137. BMC Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 138. BMC Main Business and Markets Served

Table 139. BMC Recent Developments/Updates

Table 140. Otokar Military Wheeled Armored Vehicle Company Information

Table 141. Otokar Military Wheeled Armored Vehicle Specification and Application

Table 142. Otokar Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 143. Otokar Main Business and Markets Served

Table 144. Otokar Recent Developments/Updates

Table 145. NIMR Automotive Military Wheeled Armored Vehicle Company Information

Table 146. NIMR Automotive Military Wheeled Armored Vehicle Specification and Application

Table 147. NIMR Automotive Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 148. NIMR Automotive Main Business and Markets Served

Table 149. NIMR Automotive Recent Developments/Updates

Table 150. Mahindra Military Wheeled Armored Vehicle Company Information

Table 151. Mahindra Military Wheeled Armored Vehicle Specification and Application

Table 152. Mahindra Military Wheeled Armored Vehicle Production (Unit), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)

Table 153. Mahindra Main Business and Markets Served

Table 154. Mahindra Recent Developments/Updates

Table 155. Key Raw Materials Lists

Table 156. Raw Materials Key Suppliers Lists

Table 157. Military Wheeled Armored Vehicle Distributors List

Table 158. Military Wheeled Armored Vehicle Customers List

Table 159. Military Wheeled Armored Vehicle Market Trends

Table 160. Military Wheeled Armored Vehicle Market Drivers

Table 161. Military Wheeled Armored Vehicle Market Challenges

Table 162. Military Wheeled Armored Vehicle Market Restraints

Table 163. Research Programs/Design for This Report

Table 164. Key Data Information from Secondary Sources

Table 165. Key Data Information from Primary Sources

Table 166. Authors List of This Report

List of Figures

Figure 1. Product Picture of Military Wheeled Armored Vehicle

Figure 2. Global Military Wheeled Armored Vehicle Market Value by Type, (US$ Million) & (2020-2031)

Figure 3. Global Military Wheeled Armored Vehicle Market Share by Type: 2024 VS 2031

Figure 4. 4X4 Wheeled Armored Vehicle Product Picture

Figure 5. 6X6 Vehicle Wheeled Armored Vehicle Product Picture

Figure 6. 8X8 Vehicle Wheeled Armored Vehicle Product Picture

Figure 7. Global Military Wheeled Armored Vehicle Market Value by Application, (US$ Million) & (2020-2031)

Figure 8. Global Military Wheeled Armored Vehicle Market Share by Application: 2024 VS 2031

Figure 9. Tactical Combat

Figure 10. Transportation

Figure 11. Others

Figure 12. Global Military Wheeled Armored Vehicle Production Value (US$ Million), 2020 VS 2024 VS 2031

Figure 13. Global Military Wheeled Armored Vehicle Production Value (US$ Million) & (2020-2031)

Figure 14. Global Military Wheeled Armored Vehicle Production Capacity (Unit) & (2020-2031)

Figure 15. Global Military Wheeled Armored Vehicle Production (Unit) & (2020-2031)

Figure 16. Global Military Wheeled Armored Vehicle Average Price (US$/Unit) & (2020-2031)

Figure 17. Military Wheeled Armored Vehicle Report Years Considered

Figure 18. Military Wheeled Armored Vehicle Production Share by Manufacturers in 2024

Figure 19. Global Military Wheeled Armored Vehicle Production Value Share by Manufacturers (2024)

Figure 20. Military Wheeled Armored Vehicle Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024

Figure 21. The Global 5 and 10 Largest Players: Market Share by Military Wheeled Armored Vehicle Revenue in 2024

Figure 22. Global Military Wheeled Armored Vehicle Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)

Figure 23. Global Military Wheeled Armored Vehicle Production Value Market Share by Region: 2020 VS 2024 VS 2031

Figure 24. Global Military Wheeled Armored Vehicle Production Comparison by Region: 2020 VS 2024 VS 2031 (Unit)

Figure 25. Global Military Wheeled Armored Vehicle Production Market Share by Region: 2020 VS 2024 VS 2031

Figure 26. North America Military Wheeled Armored Vehicle Production Value (US$ Million) Growth Rate (2020-2031)

Figure 27. Europe Military Wheeled Armored Vehicle Production Value (US$ Million) Growth Rate (2020-2031)

Figure 28. China Military Wheeled Armored Vehicle Production Value (US$ Million) Growth Rate (2020-2031)

Figure 29. Japan Military Wheeled Armored Vehicle Production Value (US$ Million) Growth Rate (2020-2031)

Figure 30. Global Military Wheeled Armored Vehicle Consumption by Region: 2020 VS 2024 VS 2031 (Unit)

Figure 31. Global Military Wheeled Armored Vehicle Consumption Market Share by Region: 2020 VS 2024 VS 2031

Figure 32. North America Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 33. North America Military Wheeled Armored Vehicle Consumption Market Share by Country (2020-2031)

Figure 34. U.S. Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 35. Canada Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 36. Europe Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 37. Europe Military Wheeled Armored Vehicle Consumption Market Share by Country (2020-2031)

Figure 38. Germany Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 39. France Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 40. U.K. Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 41. Italy Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 42. Netherlands Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 43. Asia Pacific Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 44. Asia Pacific Military Wheeled Armored Vehicle Consumption Market Share by Region (2020-2031)

Figure 45. China Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 46. Japan Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 47. South Korea Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 48. China Taiwan Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 49. Southeast Asia Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 50. India Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 51. Latin America, Middle East & Africa Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 52. Latin America, Middle East & Africa Military Wheeled Armored Vehicle Consumption Market Share by Country (2020-2031)

Figure 53. Mexico Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 54. Brazil Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 55. Turkey Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 56. GCC Countries Military Wheeled Armored Vehicle Consumption and Growth Rate (2020-2031) & (Unit)

Figure 57. Global Production Market Share of Military Wheeled Armored Vehicle by Type (2020-2031)

Figure 58. Global Production Value Market Share of Military Wheeled Armored Vehicle by Type (2020-2031)

Figure 59. Global Military Wheeled Armored Vehicle Price (US$/Unit) by Type (2020-2031)

Figure 60. Global Production Market Share of Military Wheeled Armored Vehicle by Application (2020-2031)

Figure 61. Global Production Value Market Share of Military Wheeled Armored Vehicle by Application (2020-2031)

Figure 62. Global Military Wheeled Armored Vehicle Price (US$/Unit) by Application (2020-2031)

Figure 63. Military Wheeled Armored Vehicle Value Chain

Figure 64. Channels of Distribution (Direct Vs Distribution)

Figure 65. Bottom-up and Top-down Approaches for This Report

Figure 66. Data Triangulation

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