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Military Trucks Market Share

  • Report ID: GMI4875
  • Published Date: Apr 2024
  • Report Format: PDF

Military Trucks Market Share

Lockheed Martin, Iveco S.p.A., and Daimler AG assert dominate in the military trucks industry holding market share over 20% through their comprehensive capabilities and global reach. Lockheed Martin's expertise in defense systems and technology integration, coupled with Iveco's proficiency in vehicle manufacturing and Daimler AG's innovation in automotive engineering, collectively provide a dominating force.
 

Leveraging extensive experience, robust supply chains, and strategic partnerships, these companies offer tailored solutions for military applications. Their commitment to quality, reliability, and customer satisfaction ensures that they remain at the forefront of the market, meeting the diverse needs of armed forces worldwide. Through ongoing research, development, and collaboration, Lockheed Martin, Iveco S.p.A., and Daimler AG continue to drive innovation and set industry standards, solidifying their positions as leaders in the military trucks segment.
 

Military Trucks Market Companies

Major companies operating in the military trucks industry are:

  • AB Volvo
  • Lockheed Martin
  • Dailmer AG
  • Navistar Defense
  • Iveco S.p.A., 
  • General Dynamics Land Systems
  • Mitsubishi Heavy Industries, Ltd.
  • Oshkosh Corporation
  • Mahindra Emirates Vehicle Armouring
  • Renault Trucks Defense
Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of military truck reached USD 24.7 billion in 2023 and will grow at over 3.5% CAGR between 2024 and 2032, led by the strong need for rapid deployment.

The heavy-duty trucks vehicle segment accounted for over 46% of the market share in 2023, as they are crucial for transporting troops, across challenging terrains and harsh environments.

Asia Pacific military trucks industry held a share of over 30% in 2023, owing to increasing tensions and security concerns.

AB Volvo, Lockheed Martin, Dailmer AG, Navistar Defense, Iveco S.p.A., and General Dynamics Land Systems among others.

Military Trucks Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 24
  • Pages: 240
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