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Industry Growth & Trends

Global Armoured Vehicles Industry Growth and Trends Forecast to 2032

Report ID 17303003012 February 2026116 pages

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Industry ResearchArmoured Vehicles Industry Research Report 2026135 pages · $2,950 USDIndustry Growth & TrendsGlobal Armoured Vehicles Industry Growth and Trends Forecast to 2032116 pages · $3,450 USDMarket StructureGlobal Armoured Vehicles Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032192 pages · $3,950 USDMarket Outlook & Growth OpportunitiesGlobal Armoured Vehicles Market Outlook and Growth Opportunities 2026205 pages · $4,250 USDMarket Analysis & ForecastGlobal Armoured Vehicles Market Analysis and Forecast 2026-2032210 pages · $4,950 USD

Market perspective

The global Armoured Vehicles market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.

The North America market for Armoured Vehicles is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.

The Europe market for Armoured Vehicles is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.

Read the full market overview

The Asia Pacific market for Armoured Vehicles is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.

Leading global manufacturers of Armoured Vehicles include General Dynamics, BAE Systems, Oshkosh, Rheinmetall, China North Industrial, Nexter Systems, Hyundai Rotem, FNSS and Uralvagonzavod, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.

Report Scope

This report provides a structured, data-driven view of the global Armoured Vehicles market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.

The Armoured Vehicles market size, estimates, and forecasts are presented in terms of sales volume (units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Armoured Vehicles market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Armoured Vehicles.

Key Companies & Market Share Insights

This section analyzes the strategies and performance of leading manufacturers in the global Armoured Vehicles market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.

Armoured Vehicles Market 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

Armoured Vehicles Segment by Type

Wheeled Armoured Vehicle

Tracked Armoured Vehicles

Armoured Vehicles Segment by Application

Military

Non-military

Armoured Vehicles Segment by Region

North America

United States

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Spain

Netherlands

Switzerland

Sweden

Poland

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Southeast Asia

South America

Brazil

Argentina

Chile

Middle East & Africa

Egypt

South Africa

Israel

Türkiye

GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Armoured Vehicles market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Armoured Vehicles and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market.

5. This report helps stakeholders to gain insights into which regions to target globally.

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Armoured Vehicles.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter 2: 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 3: Detailed analysis of Armoured Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Sales, revenue of Armoured Vehicles in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.

Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.

Chapter 13: Concluding Insights of the report.

More report detail

Tables and figures
List of Tables Table 1. Major Company of Wheeled Armoured Vehicle Table 2. Major Company of Tracked Armoured Vehicles Table 3. Global Armoured Vehicles Sales by Type (2021 VS 2025 VS 2032) & (US$ Million) Table 4. Global Armoured Vehicles Sales by Type (2021-2026) & (units) Table 5. Global Armoured Vehicles Sales Market Share in Volume by Type (2021-2026) Table 6. Global Armoured Vehicles Sales by Type (2021-2026) & (US$ Million) Table 7. Global Armoured Vehicles Sales Market Share in Value by Type (2021-2026) Table 8. Global Armoured Vehicles Price by Type (2021-2026) & (USD/unit) Table 9. Global Armoured Vehicles Sales by Type (2027-2032) & (units) Table 10. Global Armoured Vehicles Sales Market Share in Volume by Type (2027-2032) Table 11. Global Armoured Vehicles Sales by Type (2027-2032) & (US$ Million) Table 12. Global Armoured Vehicles Sales Market Share in Value by Type (2027-2032) Table 13. Global Armoured Vehicles Price by Type (2027-2032) & (USD/unit) Table 14. North America Armoured Vehicles Sales by Type (2021-2026) & (units) Table 15. North America Armoured Vehicles Sales by Type (2021-2026) & (US$ Million) Table 16. Europe Armoured Vehicles Sales by Type (2021-2026) & (units) Table 17. Europe Armoured Vehicles Sales by Type (2021-2026) & (US$ Million) Table 18. Asia-Pacific Armoured Vehicles Sales by Type (2021-2026) & (units) Table 19. Asia-Pacific Armoured Vehicles Sales by Type (2021-2026) & (US$ Million) Table 20. Latin America Armoured Vehicles Sales by Type (2021-2026) & (units) Table 21. Latin America Armoured Vehicles Sales by Type (2021-2026) & (US$ Million) Table 22. Middle East and Africa Armoured Vehicles Sales by Type (2021-2026) & (units) Table 23. Middle East and Africa Armoured Vehicles Sales by Type (2021-2026) & (US$ Million) Table 24. Armoured Vehicles Industry Trends Table 25. Armoured Vehicles Industry Drivers Table 26. Armoured Vehicles Industry Opportunities and Challenges Table 27. Armoured Vehicles Industry Restraints Table 28. Global Armoured Vehicles Sales Revenue by Company (US$ Million) & (2021-2026) Table 29. Global Armoured Vehicles Revenue Market Share by Company (2021-2026) Table 30. Global Armoured Vehicles Sales by Company (2021-2026) & (units) Table 31. Global Armoured Vehicles Sales Share by Company (2021-2026) Table 32. Global Armoured Vehicles Market Price by Company (2021-2026) & (USD/unit) Table 33. Global Armoured Vehicles Industry Company Ranking, 2024 VS 2025 VS 2026 Table 34. Global Armoured Vehicles Major Company Production Sites and Headquarters Table 35. Global Armoured Vehicles Company, Product Type & Application Table 36. Global Armoured Vehicles Company Establishment Date Table 37. Global Company Market Concentration Ratio (CR5 and HHI) Table 38. Global Armoured Vehicles by Company Type (Tier 1, Tier 2, and Tier 3) & (Based on the Revenue of 2025) Table 39. Global Armoured Vehicles Market Size Comparison by Region (US$ Million): 2021 VS 2025 VS 2032 Table 40. Global Armoured Vehicles Sales by Region (2021-2026) & (units) Table 41. Global Armoured Vehicles Sales Market Share in Volume by Region (2021-2026) Table 42. Global Armoured Vehicles Sales by Region (2021-2026) & (US$ Million) Table 43. Global Armoured Vehicles Sales Market Share in Value by Region (2021-2026) Table 44. Global Armoured Vehicles Sales (units), Value (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 45. Global Armoured Vehicles Sales by Region (2027-2032) & (units) Table 46. Global Armoured Vehicles Sales Market Share in Volume by Region (2027-2032) Table 47. Global Armoured Vehicles Sales by Region (2027-2032) & (US$ Million) Table 48. Global Armoured Vehicles Sales Market Share in Value by Region (2027-2032) Table 49. Global Armoured Vehicles Sales (units), Value (US$ Million), Price (USD/unit) and Gross Margin (2027-2032) Table 50. Global Armoured Vehicles Sales by Application (2021 VS 2025 VS 2032) & (US$ Million) Table 51. Global Armoured Vehicles Sales by Application (2021-2026) & (units) Table 52. Global Armoured Vehicles Sales Market Share in Volume by Application (2021-2026) Table 53. Global Armoured Vehicles Sales by Application (2021-2026) & (US$ Million) Table 54. Global Armoured Vehicles Sales Market Share in Value by Application (2021-2026) Table 55. Global Armoured Vehicles Price by Application (2021-2026) & (USD/unit) Table 56. Global Armoured Vehicles Sales by Application (2027-2032) & (units) Table 57. Global Armoured Vehicles Sales Market Share in Volume by Application (2027-2032) Table 58. Global Armoured Vehicles Sales by Application (2027-2032) & (US$ Million) Table 59. Global Armoured Vehicles Sales Market Share in Value by Application (2027-2032) Table 60. Global Armoured Vehicles Price by Application (2027-2032) & (USD/unit) Table 61. North America Armoured Vehicles Sales by Application (2021-2026) & (units) Table 62. North America Armoured Vehicles Sales by Application (2021-2026) & (US$ Million) Table 63. Europe Armoured Vehicles Sales by Application (2021-2026) & (units) Table 64. Europe Armoured Vehicles Sales by Application (2021-2026) & (US$ Million) Table 65. Asia-Pacific Armoured Vehicles Sales by Application (2021-2026) & (units) Table 66. Asia-Pacific Armoured Vehicles Sales by Application (2021-2026) & (US$ Million) Table 67. Latin America Armoured Vehicles Sales by Application (2021-2026) & (units) Table 68. Latin America Armoured Vehicles Sales by Application (2021-2026) & (US$ Million) Table 69. Middle East and Africa Armoured Vehicles Sales by Application (2021-2026) & (units) Table 70. Middle East and Africa Armoured Vehicles Sales by Application (2021-2026) & (US$ Million) Table 71. General Dynamics Company Information Table 72. General Dynamics Business Overview Table 73. General Dynamics Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 74. General Dynamics Armoured Vehicles Product Portfolio Table 75. General Dynamics Recent Development Table 76. BAE Systems Company Information Table 77. BAE Systems Business Overview Table 78. BAE Systems Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 79. BAE Systems Armoured Vehicles Product Portfolio Table 80. BAE Systems Recent Development Table 81. Oshkosh Company Information Table 82. Oshkosh Business Overview Table 83. Oshkosh Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 84. Oshkosh Armoured Vehicles Product Portfolio Table 85. Oshkosh Recent Development Table 86. Rheinmetall Company Information Table 87. Rheinmetall Business Overview Table 88. Rheinmetall Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 89. Rheinmetall Armoured Vehicles Product Portfolio Table 90. Rheinmetall Recent Development Table 91. China North Industrial Company Information Table 92. China North Industrial Business Overview Table 93. China North Industrial Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 94. China North Industrial Armoured Vehicles Product Portfolio Table 95. China North Industrial Recent Development Table 96. Nexter Systems Company Information Table 97. Nexter Systems Business Overview Table 98. Nexter Systems Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 99. Nexter Systems Armoured Vehicles Product Portfolio Table 100. Nexter Systems Recent Development Table 101. Hyundai Rotem Company Information Table 102. Hyundai Rotem Business Overview Table 103. Hyundai Rotem Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 104. Hyundai Rotem Armoured Vehicles Product Portfolio Table 105. Hyundai Rotem Recent Development Table 106. FNSS Company Information Table 107. FNSS Business Overview Table 108. FNSS Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 109. FNSS Armoured Vehicles Product Portfolio Table 110. FNSS Recent Development Table 111. Uralvagonzavod Company Information Table 112. Uralvagonzavod Business Overview Table 113. Uralvagonzavod Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 114. Uralvagonzavod Armoured Vehicles Product Portfolio Table 115. Uralvagonzavod Recent Development Table 116. STREIT Group Company Information Table 117. STREIT Group Business Overview Table 118. STREIT Group Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 119. STREIT Group Armoured Vehicles Product Portfolio Table 120. STREIT Group Recent Development Table 121. Thales Group Company Information Table 122. Thales Group Business Overview Table 123. Thales Group Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 124. Thales Group Armoured Vehicles Product Portfolio Table 125. Thales Group Recent Development Table 126. Textron Company Information Table 127. Textron Business Overview Table 128. Textron Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 129. Textron Armoured Vehicles Product Portfolio Table 130. Textron Recent Development Table 131. Iveco Defence Vehicles Company Information Table 132. Iveco Defence Vehicles Business Overview Table 133. Iveco Defence Vehicles Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 134. Iveco Defence Vehicles Armoured Vehicles Product Portfolio Table 135. Iveco Defence Vehicles Recent Development Table 136. ST Engineering Company Information Table 137. ST Engineering Business Overview Table 138. ST Engineering Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 139. ST Engineering Armoured Vehicles Product Portfolio Table 140. ST Engineering Recent Development Table 141. BMC Company Information Table 142. BMC Business Overview Table 143. BMC Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 144. BMC Armoured Vehicles Product Portfolio Table 145. BMC Recent Development Table 146. Otokar Company Information Table 147. Otokar Business Overview Table 148. Otokar Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 149. Otokar Armoured Vehicles Product Portfolio Table 150. Otokar Recent Development Table 151. NIMR Automotive Company Information Table 152. NIMR Automotive Business Overview Table 153. NIMR Automotive Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 154. NIMR Automotive Armoured Vehicles Product Portfolio Table 155. NIMR Automotive Recent Development Table 156. Mahindra Company Information Table 157. Mahindra Business Overview Table 158. Mahindra Armoured Vehicles Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 159. Mahindra Armoured Vehicles Product Portfolio Table 160. Mahindra Recent Development Table 161. North America Armoured Vehicles Market Size Growth Rate (CAGR) by Country (units): 2021 VS 2025 VS 2032 Table 162. North America Armoured Vehicles Sales by Country (2021-2026) & (units) Table 163. North America Armoured Vehicles Sales Market Share by Country (2021-2026) Table 164. North America Armoured Vehicles Sales Forecast by Country (2027-2032) & (units) Table 165. North America Armoured Vehicles Sales Market Share Forecast by Country (2027-2032) Table 166. North America Armoured Vehicles Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 167. North America Armoured Vehicles Market Size by Country (2021-2026) & (US$ Million) Table 168. North America Armoured Vehicles Market Share by Country (2021-2026) Table 169. North America Armoured Vehicles Market Size Forecast by Country (2027-2032) & (US$ Million) Table 170. North America Armoured Vehicles Market Share Forecast by Country (2027-2032) Table 171. Europe Armoured Vehicles Market Size Growth Rate (CAGR) by Country (units): 2021 VS 2025 VS 2032 Table 172. Europe Armoured Vehicles Sales by Country (2021-2026) & (units) Table 173. Europe Armoured Vehicles Sales Market Share by Country (2021-2026) Table 174. Europe Armoured Vehicles Sales Forecast by Country (2027-2032) & (units) Table 175. Europe Armoured Vehicles Sales Market Share Forecast by Country (2027-2032) Table 176. Europe Armoured Vehicles Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 177. Europe Armoured Vehicles Market Size by Country (2021-2026) & (US$ Million) Table 178. Europe Armoured Vehicles Market Share by Country (2021-2026) Table 179. Europe Armoured Vehicles Market Size Forecast by Country (2027-2032) & (US$ Million) Table 180. Europe Armoured Vehicles Market Share Forecast by Country (2027-2032) Table 181. Asia-Pacific Armoured Vehicles Market Size Growth Rate (CAGR) by Country (units): 2021 VS 2025 VS 2032 Table 182. Asia-Pacific Armoured Vehicles Sales by Country (2021-2026) & (units) Table 183. Asia-Pacific Armoured Vehicles Sales Market Share by Country (2021-2026) Table 184. Asia-Pacific Armoured Vehicles Sales Forecast by Country (2027-2032) & (units) Table 185. Asia-Pacific Armoured Vehicles Sales Market Share Forecast by Country (2027-2032) Table 186. Asia-Pacific Armoured Vehicles Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 187. Asia-Pacific Armoured Vehicles Market Size by Country (2021-2026) & (US$ Million) Table 188. Asia-Pacific Armoured Vehicles Market Share by Country (2021-2026) Table 189. Asia-Pacific Armoured Vehicles Market Size Forecast by Country (2027-2032) & (US$ Million) Table 190. Asia-Pacific Armoured Vehicles Market Share Forecast by Country (2027-2032) Table 191. Latin America Armoured Vehicles Market Size Growth Rate (CAGR) by Country (units): 2021 VS 2025 VS 2032 Table 192. Latin America Armoured Vehicles Sales by Country (2021-2026) & (units) Table 193. Latin America Armoured Vehicles Sales Market Share by Country (2021-2026) Table 194. Latin America Armoured Vehicles Sales Forecast by Country (2027-2032) & (units) Table 195. Latin America Armoured Vehicles Sales Market Share Forecast by Country (2027-2032) Table 196. Latin America Armoured Vehicles Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 197. Latin America Armoured Vehicles Market Size by Country (2021-2026) & (US$ Million) Table 198. Latin America Armoured Vehicles Market Share by Country (2021-2026) Table 199. Latin America Armoured Vehicles Market Size Forecast by Country (2027-2032) & (US$ Million) Table 200. Latin America Armoured Vehicles Market Share Forecast by Country (2027-2032) Table 201. Middle East and Africa Armoured Vehicles Market Size Growth Rate (CAGR) by Country (units): 2021 VS 2025 VS 2032 Table 202. Middle East and Africa Armoured Vehicles Sales by Country (2021-2026) & (units) Table 203. Middle East and Africa Armoured Vehicles Sales Market Share by Country (2021-2026) Table 204. Middle East and Africa Armoured Vehicles Sales Forecast by Country (2027-2032) & (units) Table 205. Middle East and Africa Armoured Vehicles Sales Market Share Forecast by Country (2027-2032) Table 206. Middle East and Africa Armoured Vehicles Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 207. Middle East and Africa Armoured Vehicles Market Size by Country (2021-2026) & (US$ Million) Table 208. Middle East and Africa Armoured Vehicles Market Share by Country (2021-2026) Table 209. Middle East and Africa Armoured Vehicles Market Size Forecast by Country (2027-2032) & (US$ Million) Table 210. Middle East and Africa Armoured Vehicles Market Share Forecast by Country (2027-2032) Table 211. Key Raw Materials Table 212. Raw Materials Key Suppliers Table 213. Armoured Vehicles Distributors List Table 214. Armoured Vehicles Customers List Table 215. Research Programs/Design for This Report Table 216. Authors List of This Report Table 217. Secondary Sources Table 218. Primary Sources List of Figures Figure 1. Armoured Vehicles Image Figure 2. Global Armoured Vehicles Market Size (US$ Million), 2021 VS 2025 VS 2032 Figure 3. Global Armoured Vehicles Market Size (2021-2032) & (US$ Million) Figure 4. Global Armoured Vehicles Sales (2021-2032) & (units) Figure 5. Wheeled Armoured Vehicle Image Figure 6. Global Wheeled Armoured Vehicle Sales YoY Growth (2021-2032) & (units) Figure 7. Tracked Armoured Vehicles Image Figure 8. Global Tracked Armoured Vehicles Sales YoY Growth (2021-2032) & (units) Figure 9. Global Armoured Vehicles Market Size Overview by Type (2021-2032) & (US$ Million) Figure 10. Global Armoured Vehicles Market Share by Type 2025 VS 2032 Figure 11. North America Armoured Vehicles Sales Market Share in Volume by Type in 2025 Figure 12. North America Armoured Vehicles Sales Market Share in Value by Type in 2025 Figure 13. Europe Armoured Vehicles Sales Market Share in Volume by Type in 2025 Figure 14. Europe Armoured Vehicles Sales Market Share in Value by Type in 2025 Figure 15. Asia-Pacific Armoured Vehicles Sales Market Share in Volume by Type in 2025 Figure 16. Asia-Pacific Armoured Vehicles Sales Market Share in Value by Type in 2025 Figure 17. Latin America Armoured Vehicles Sales Market Share in Volume by Type in 2025 Figure 18. Latin America Armoured Vehicles Sales Market Share in Value by Type in 2025 Figure 19. Middle East and Africa Armoured Vehicles Sales Market Share in Volume by Type in 2025 Figure 20. Middle East and Africa Armoured Vehicles Sales Market Share in Value by Type in 2025 Figure 21. Global Top 5 and 10 Armoured Vehicles Players Market Share by Revenue in 2025 Figure 22. Company Type (Tier 1, Tier 2, and Tier 3): 2021 VS 2025 Figure 23. Military Image Figure 24. Global Military Sales YoY Growth (2021-2032) & (units) Figure 25. Non-military Image Figure 26. Global Non-military Sales YoY Growth (2021-2032) & (units) Figure 27. Global Armoured Vehicles Market Size Overview by Application (2021-2032) & (US$ Million) Figure 28. Global Armoured Vehicles Market Share by Application 2025 VS 2032 Figure 29. North America Armoured Vehicles Sales Market Share in Volume by Application in 2025 Figure 30. North America Armoured Vehicles Sales Market Share in Value by Application in 2025 Figure 31. Europe Armoured Vehicles Sales Market Share in Volume by Application in 2025 Figure 32. Europe Armoured Vehicles Sales Market Share in Value by Application in 2025 Figure 33. Asia-Pacific Armoured Vehicles Sales Market Share in Volume by Application in 2025 Figure 34. Asia-Pacific Armoured Vehicles Sales Market Share in Value by Application in 2025 Figure 35. Latin America Armoured Vehicles Sales Market Share in Volume by Application in 2025 Figure 36. Latin America Armoured Vehicles Sales Market Share in Value by Application in 2025 Figure 37. Middle East and Africa Armoured Vehicles Sales Market Share in Volume by Application in 2025 Figure 38. Middle East and Africa Armoured Vehicles Sales Market Share in Value by Application in 2025 Figure 39. North America Armoured Vehicles Sales by Country: 2021 VS 2025 VS 2032 (units) Figure 40. North America Armoured Vehicles Sales Share by Country: 2021 VS 2025 VS 2032 Figure 41. North America Armoured Vehicles Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 42. North America Armoured Vehicles Market Share by Country: 2021 VS 2025 VS 2032 Figure 43. Europe Armoured Vehicles Sales by Country: 2021 VS 2025 VS 2032 (units) Figure 44. Europe Armoured Vehicles Sales Share by Country: 2021 VS 2025 VS 2032 Figure 45. Europe Armoured Vehicles Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 46. Europe Armoured Vehicles Market Share by Country: 2021 VS 2025 VS 2032 Figure 47. Asia-Pacific Armoured Vehicles Sales by Country: 2021 VS 2025 VS 2032 (units) Figure 48. Asia-Pacific Armoured Vehicles Sales Share by Country: 2021 VS 2025 VS 2032 Figure 49. Asia-Pacific Armoured Vehicles Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 50. Asia-Pacific Armoured Vehicles Market Share by Country: 2021 VS 2025 VS 2032 Figure 51. Latin America Armoured Vehicles Sales by Country: 2021 VS 2025 VS 2032 (units) Figure 52. Latin America Armoured Vehicles Sales Share by Country: 2021 VS 2025 VS 2032 Figure 53. Latin America Armoured Vehicles Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 54. Latin America Armoured Vehicles Market Share by Country: 2021 VS 2025 VS 2032 Figure 55. Middle East and Africa Armoured Vehicles Sales by Country: 2021 VS 2025 VS 2032 (units) Figure 56. Middle East and Africa Armoured Vehicles Sales Share by Country: 2021 VS 2025 VS 2032 Figure 57. Middle East and Africa Armoured Vehicles Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 58. Middle East and Africa Armoured Vehicles Market Share by Country: 2021 VS 2025 VS 2032 Figure 59. Armoured Vehicles Value Chain Figure 60. Key Raw Materials Price Figure 61. Manufacturing Cost Structure Figure 62. Armoured Vehicles Production Mode & Process Figure 63. Direct Comparison with Distribution Share Figure 64. Distributors Profiles Figure 65. Years Considered Figure 66. Research Process Figure 67. Key Executives Interviewed

Scope & coverage.

Types
  • Wheeled Armoured Vehicle
  • Tracked Armoured Vehicles
Applications
  • Military
  • Non-military
Companies covered
  • 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

Inside the report.

1 Market Overview
  1. 1.1 Product Definition
  2. 1.2 Global Market Growth Prospects
  3. 1.2.1 Global Armoured Vehicles Market Size Estimates and Forecasts (2021-2032)
  4. 1.2.2 Global Armoured Vehicles Sales Estimates and Forecasts (2021-2032)
  5. 1.3 Armoured Vehicles Market by Type
  6. 1.3.1 Wheeled Armoured Vehicle
  7. 1.3.2 Tracked Armoured Vehicles
  8. 1.4 Global Armoured Vehicles Market Size by Type
  9. 1.4.1 Global Armoured Vehicles Market Size Overview by Type (2021-2032)
  10. 1.4.2 Global Armoured Vehicles Historic Market Size Review by Type (2021-2026)
  11. 1.4.3 Global Armoured Vehicles Forecasted Market Size by Type (2027-2032)
  12. 1.5 Key Regions Market Size by Type
  13. 1.5.1 North America Armoured Vehicles Sales Breakdown by Type (2021-2026)
  14. 1.5.2 Europe Armoured Vehicles Sales Breakdown by Type (2021-2026)
  15. 1.5.3 Asia-Pacific Armoured Vehicles Sales Breakdown by Type (2021-2026)
  16. 1.5.4 South America Armoured Vehicles Sales Breakdown by Type (2021-2026)
  17. 1.5.5 Middle East and Africa Armoured Vehicles Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
  1. 2.1 Armoured Vehicles Industry Trends
  2. 2.2 Armoured Vehicles Industry Drivers
  3. 2.3 Armoured Vehicles Industry Opportunities and Challenges
  4. 2.4 Armoured Vehicles Industry Restraints
3 Market Competitive Landscape by Company
  1. 3.1 Global Top Players by Armoured Vehicles Revenue (2021-2026)
  2. 3.2 Global Top Players by Armoured Vehicles Sales (2021-2026)
  3. 3.3 Global Top Players by Armoured Vehicles Price (2021-2026)
  4. 3.4 Global Armoured Vehicles Industry Company Ranking, 2024 VS 2025 VS 2026
  5. 3.5 Global Armoured Vehicles Major Company Production Sites & Headquarters
  6. 3.6 Global Armoured Vehicles Company, Product Type & Application
  7. 3.7 Global Armoured Vehicles Company Establishment Date
  8. 3.8 Market Competitive Analysis
  9. 3.8.1 Global Armoured Vehicles Market CR5 and HHI
  10. 3.8.2 Global Top 5 and 10 Armoured Vehicles Players Market Share by Revenue in 2025
  11. 3.8.3 2025 Armoured Vehicles Tier 1, Tier 2, and Tier 3
4 Armoured Vehicles Regional Status and Outlook
  1. 4.1 Global Armoured Vehicles Market Size and CAGR by Region: 2021 VS 2025 VS 2032
  2. 4.2 Global Armoured Vehicles Historic Market Size by Region
  3. 4.2.1 Global Armoured Vehicles Sales in Volume by Region (2021-2026)
  4. 4.2.2 Global Armoured Vehicles Sales in Value by Region (2021-2026)
  5. 4.2.3 Global Armoured Vehicles Sales (Volume & Value), Price and Gross Margin (2021-2026)
  6. 4.3 Global Armoured Vehicles Forecasted Market Size by Region
  7. 4.3.1 Global Armoured Vehicles Sales in Volume by Region (2027-2032)
  8. 4.3.2 Global Armoured Vehicles Sales in Value by Region (2027-2032)
  9. 4.3.3 Global Armoured Vehicles Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Armoured Vehicles by Application
  1. 5.1 Armoured Vehicles Market by Application
  2. 5.1.1 Military
  3. 5.1.2 Non-military
  4. 5.2 Global Armoured Vehicles Market Size by Application
  5. 5.2.1 Global Armoured Vehicles Market Size Overview by Application (2021-2032)
  6. 5.2.2 Global Armoured Vehicles Historic Market Size Review by Application (2021-2026)
  7. 5.2.3 Global Armoured Vehicles Forecasted Market Size by Application (2027-2032)
  8. 5.3 Key Regions Market Size by Application
  9. 5.3.1 North America Armoured Vehicles Sales Breakdown by Application (2021-2026)
  10. 5.3.2 Europe Armoured Vehicles Sales Breakdown by Application (2021-2026)
  11. 5.3.3 Asia-Pacific Armoured Vehicles Sales Breakdown by Application (2021-2026)
  12. 5.3.4 South America Armoured Vehicles Sales Breakdown by Application (2021-2026)
  13. 5.3.5 Middle East and Africa Armoured Vehicles Sales Breakdown by Application (2021-2026)
6 Company Profiles
  1. 6.1 General Dynamics
  2. 6.1.1 General Dynamics Company Information
  3. 6.1.2 General Dynamics Business Overview
  4. 6.1.3 General Dynamics Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  5. 6.1.4 General Dynamics Armoured Vehicles Product Portfolio
  6. 6.1.5 General Dynamics Recent Developments
  7. 6.2 BAE Systems
  8. 6.2.1 BAE Systems Company Information
  9. 6.2.2 BAE Systems Business Overview
  10. 6.2.3 BAE Systems Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  11. 6.2.4 BAE Systems Armoured Vehicles Product Portfolio
  12. 6.2.5 BAE Systems Recent Developments
  13. 6.3 Oshkosh
  14. 6.3.1 Oshkosh Company Information
  15. 6.3.2 Oshkosh Business Overview
  16. 6.3.3 Oshkosh Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  17. 6.3.4 Oshkosh Armoured Vehicles Product Portfolio
  18. 6.3.5 Oshkosh Recent Developments
  19. 6.4 Rheinmetall
  20. 6.4.1 Rheinmetall Company Information
  21. 6.4.2 Rheinmetall Business Overview
  22. 6.4.3 Rheinmetall Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  23. 6.4.4 Rheinmetall Armoured Vehicles Product Portfolio
  24. 6.4.5 Rheinmetall Recent Developments
  25. 6.5 China North Industrial
  26. 6.5.1 China North Industrial Company Information
  27. 6.5.2 China North Industrial Business Overview
  28. 6.5.3 China North Industrial Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  29. 6.5.4 China North Industrial Armoured Vehicles Product Portfolio
  30. 6.5.5 China North Industrial Recent Developments
  31. 6.6 Nexter Systems
  32. 6.6.1 Nexter Systems Company Information
  33. 6.6.2 Nexter Systems Business Overview
  34. 6.6.3 Nexter Systems Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  35. 6.6.4 Nexter Systems Armoured Vehicles Product Portfolio
  36. 6.6.5 Nexter Systems Recent Developments
  37. 6.7 Hyundai Rotem
  38. 6.7.1 Hyundai Rotem Company Information
  39. 6.7.2 Hyundai Rotem Business Overview
  40. 6.7.3 Hyundai Rotem Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  41. 6.7.4 Hyundai Rotem Armoured Vehicles Product Portfolio
  42. 6.7.5 Hyundai Rotem Recent Developments
  43. 6.8 FNSS
  44. 6.8.1 FNSS Company Information
  45. 6.8.2 FNSS Business Overview
  46. 6.8.3 FNSS Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  47. 6.8.4 FNSS Armoured Vehicles Product Portfolio
  48. 6.8.5 FNSS Recent Developments
  49. 6.9 Uralvagonzavod
  50. 6.9.1 Uralvagonzavod Company Information
  51. 6.9.2 Uralvagonzavod Business Overview
  52. 6.9.3 Uralvagonzavod Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  53. 6.9.4 Uralvagonzavod Armoured Vehicles Product Portfolio
  54. 6.9.5 Uralvagonzavod Recent Developments
  55. 6.10 STREIT Group
  56. 6.10.1 STREIT Group Company Information
  57. 6.10.2 STREIT Group Business Overview
  58. 6.10.3 STREIT Group Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  59. 6.10.4 STREIT Group Armoured Vehicles Product Portfolio
  60. 6.10.5 STREIT Group Recent Developments
  61. 6.11 Thales Group
  62. 6.11.1 Thales Group Company Information
  63. 6.11.2 Thales Group Business Overview
  64. 6.11.3 Thales Group Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  65. 6.11.4 Thales Group Armoured Vehicles Product Portfolio
  66. 6.11.5 Thales Group Recent Developments
  67. 6.12 Textron
  68. 6.12.1 Textron Company Information
  69. 6.12.2 Textron Business Overview
  70. 6.12.3 Textron Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  71. 6.12.4 Textron Armoured Vehicles Product Portfolio
  72. 6.12.5 Textron Recent Developments
  73. 6.13 Iveco Defence Vehicles
  74. 6.13.1 Iveco Defence Vehicles Company Information
  75. 6.13.2 Iveco Defence Vehicles Business Overview
  76. 6.13.3 Iveco Defence Vehicles Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  77. 6.13.4 Iveco Defence Vehicles Armoured Vehicles Product Portfolio
  78. 6.13.5 Iveco Defence Vehicles Recent Developments
  79. 6.14 ST Engineering
  80. 6.14.1 ST Engineering Company Information
  81. 6.14.2 ST Engineering Business Overview
  82. 6.14.3 ST Engineering Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  83. 6.14.4 ST Engineering Armoured Vehicles Product Portfolio
  84. 6.14.5 ST Engineering Recent Developments
  85. 6.15 BMC
  86. 6.15.1 BMC Company Information
  87. 6.15.2 BMC Business Overview
  88. 6.15.3 BMC Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  89. 6.15.4 BMC Armoured Vehicles Product Portfolio
  90. 6.15.5 BMC Recent Developments
  91. 6.16 Otokar
  92. 6.16.1 Otokar Company Information
  93. 6.16.2 Otokar Business Overview
  94. 6.16.3 Otokar Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  95. 6.16.4 Otokar Armoured Vehicles Product Portfolio
  96. 6.16.5 Otokar Recent Developments
  97. 6.17 NIMR Automotive
  98. 6.17.1 NIMR Automotive Company Information
  99. 6.17.2 NIMR Automotive Business Overview
  100. 6.17.3 NIMR Automotive Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  101. 6.17.4 NIMR Automotive Armoured Vehicles Product Portfolio
  102. 6.17.5 NIMR Automotive Recent Developments
  103. 6.18 Mahindra
  104. 6.18.1 Mahindra Company Information
  105. 6.18.2 Mahindra Business Overview
  106. 6.18.3 Mahindra Armoured Vehicles Sales, Revenue and Gross Margin (2021-2026)
  107. 6.18.4 Mahindra Armoured Vehicles Product Portfolio
  108. 6.18.5 Mahindra Recent Developments
7 North America by Country
  1. 7.1 North America Armoured Vehicles Sales by Country
  2. 7.1.1 North America Armoured Vehicles Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 7.1.2 North America Armoured Vehicles Sales by Country (2021-2026)
  4. 7.1.3 North America Armoured Vehicles Sales Forecast by Country (2027-2032)
  5. 7.2 North America Armoured Vehicles Market Size by Country
  6. 7.2.1 North America Armoured Vehicles Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 7.2.2 North America Armoured Vehicles Market Size by Country (2021-2026)
  8. 7.2.3 North America Armoured Vehicles Market Size Forecast by Country (2027-2032)
8 Europe by Country
  1. 8.1 Europe Armoured Vehicles Sales by Country
  2. 8.1.1 Europe Armoured Vehicles Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 8.1.2 Europe Armoured Vehicles Sales by Country (2021-2026)
  4. 8.1.3 Europe Armoured Vehicles Sales Forecast by Country (2027-2032)
  5. 8.2 Europe Armoured Vehicles Market Size by Country
  6. 8.2.1 Europe Armoured Vehicles Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 8.2.2 Europe Armoured Vehicles Market Size by Country (2021-2026)
  8. 8.2.3 Europe Armoured Vehicles Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
  1. 9.1 Asia-Pacific Armoured Vehicles Sales by Country
  2. 9.1.1 Asia-Pacific Armoured Vehicles Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 9.1.2 Asia-Pacific Armoured Vehicles Sales by Country (2021-2026)
  4. 9.1.3 Asia-Pacific Armoured Vehicles Sales Forecast by Country (2027-2032)
  5. 9.2 Asia-Pacific Armoured Vehicles Market Size by Country
  6. 9.2.1 Asia-Pacific Armoured Vehicles Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 9.2.2 Asia-Pacific Armoured Vehicles Market Size by Country (2021-2026)
  8. 9.2.3 Asia-Pacific Armoured Vehicles Market Size Forecast by Country (2027-2032)
10 South America by Country
  1. 10.1 South America Armoured Vehicles Sales by Country
  2. 10.1.1 South America Armoured Vehicles Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 10.1.2 South America Armoured Vehicles Sales by Country (2021-2026)
  4. 10.1.3 South America Armoured Vehicles Sales Forecast by Country (2027-2032)
  5. 10.2 South America Armoured Vehicles Market Size by Country
  6. 10.2.1 South America Armoured Vehicles Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 10.2.2 South America Armoured Vehicles Market Size by Country (2021-2026)
  8. 10.2.3 South America Armoured Vehicles Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
  1. 11.1 Middle East and Africa Armoured Vehicles Sales by Country
  2. 11.1.1 Middle East and Africa Armoured Vehicles Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 11.1.2 Middle East and Africa Armoured Vehicles Sales by Country (2021-2026)
  4. 11.1.3 Middle East and Africa Armoured Vehicles Sales Forecast by Country (2027-2032)
  5. 11.2 Middle East and Africa Armoured Vehicles Market Size by Country
  6. 11.2.1 Middle East and Africa Armoured Vehicles Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 11.2.2 Middle East and Africa Armoured Vehicles Market Size by Country (2021-2026)
  8. 11.2.3 Middle East and Africa Armoured Vehicles Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
  1. 12.1 Armoured Vehicles Value Chain Analysis
  2. 12.1.1 Armoured Vehicles Key Raw Materials
  3. 12.1.2 Key Raw Materials Price
  4. 12.1.3 Raw Materials Key Suppliers
  5. 12.1.4 Manufacturing Cost Structure
  6. 12.1.5 Armoured Vehicles Production Mode & Process
  7. 12.2 Armoured Vehicles Sales Channels Analysis
  8. 12.2.1 Direct Comparison with Distribution Share
  9. 12.2.2 Armoured Vehicles Distributors
  10. 12.2.3 Armoured Vehicles Customers
13 Concluding Insights
    14 Appendix
    1. 14.1 Reasons for Doing This Study
    2. 14.2 Research Methodology
    3. 14.3 Research Process
    4. 14.4 Authors List of This Report
    5. 14.5 Data Source
    6. 14.5.1 Secondary Sources
    7. 14.5.2 Primary Sources
    8. 14.6 Disclaimer

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