Military Trucks Market Growing Opportunity and Detailed Analysis of Competitive Landscape Forecast To 2026

By Ronak Bora

Middle East and Africa military trucks market is set to amass hefty profits over the coming years, as a result of the strong presence of product manufacturers via collaborations and partnerships with domestic players in the region. The competitive landscape of the military trucks industry comprises of companies such as Daimler AG, Oshkosh Corporation, Kia Motors Corporation, Mahindra Emirates Vehicle Armouring, NIMR Automotive, Rheinmetall MAN Military Vehicles GmbH, and Tatra Trucks A.S., among others.
These firms are focusing on increasing their geographical presence through various initiatives such as M&A, new product launches, and business expansions. To illustrate, Tatra Trucks, in March 2019, received contracts to deliver 29 and 56 military trucks to Turkey and Brazil respectively.
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Rapid advances in technology, including the integration of radio communication, automatic transmission systems, and satellite navigation in army trucks, will provide a positive growth trajectory to overall military trucks market trends in the coming years. In terms of segmentation by type, the light-duty segment is set to witness remarkable traction in the foreseeable future, which is attributable to the accelerating product applications such as water supply, oil tankers, and troop transportation.
The global market has acknowledged the importance of military mobility in facilitating the transport of cargo and troops to the desired location in harsh environmental conditions. This factor, coupled with the mounting investments of the government authorities in R&D activities to develop different types of military vehicles including electric and hybrid, will contribute to the growing share of the military trucks market.
The growth will further be stimulated by the growing demand for essential goods from the military bases located in inaccessible areas. In October 2019, AM General and FCA (Fiat Chrysler Automobiles)’s Jeep Brand unveiled a light tactical concept vehicle, Jeep Gladiator Extreme Military-Grade Truck, at the Annual Meeting & Exposition of the AUSA (Association of the U.S. Army).
In light of the COVID-19 pandemic, the military truck industry has been facing roadblocks to its steady growth, due to the reallocation of the fiscal budgets from defense to the healthcare sector to curb the virus spread. Increasing government initiatives to surge the economic revival activities will also result in more budget cuts for military expenditure.
Based on fuel, the military trucks industry from the gasoline segment is likely to encounter loss over the estimated timeline, due to the high gasoline costs and enhanced efficiency of fuel and power offered by the diesel military trucks. The gasoline military trucks market share may further be adversely impacted by the growing investments in electric or battery-powered trucks in years to come.
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Partial Chapter of the Table of Content
Chapter 4   Competitive Landscape,
4.1    Introduction
4.2    Company market share analysis, 2019
4.3    Key player analysis
Chapter 5   Military Trucks Market, By Type
5.1    Key trends by type
5.2    Light-duty
5.2.1    Market estimates and forecast, 2016 – 2026
5.3    Medium-duty
5.3.1    Market estimates and forecast, 2016 – 2026
5.4    Heavy-duty
5.4.1    Market estimates and forecast, 2016 – 2026
Chapter 6   Military Trucks Market, By Fuel
6.1    Key trends by fuel
6.2    Diesel
6.2.1    Market estimates and forecast, 2016 – 2026
6.3    Gasoline
6.3.1    Market estimates and forecast, 2016 – 2026
6.4    Electric / Hybrid
6.4.1    Market estimates and forecast, 2016 – 2026
Chapter 7   Military Trucks Market, By Application
7.1    Key trends by application
7.2    Cargo & troops transportation
7.2.1    Market estimates and forecast, 2016 - 2026
7.3    Utility
7.3.1    Military Trucks Market estimates and forecast, 2016 – 2026
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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