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    Armored Military Vehicle Manufacturing Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 3/22/2021
    SIC Codes: 3711, 3795
    NAICS Codes: 336992
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Armored Military Vehicle Manufacturing Industry Profile

    Companies in this industry manufacture military armored vehicles, combat tanks, and specialized military ground vehicle components. Major US companies include AM General, General Dynamics, Lockheed Martin, Oshkosh Corporation, Textron, and certain operations of UK-based BAE Systems.

    Geopolitical tensions, advances in technology, and rising military budgets are expected to bolster the global armored military vehicle market for the next decade, according to Defence IQ. Top growth markets for armored military vehicles over the next decade include France, China, India, Spain, Turkey, and Poland, as per GlobeNewswire.

    The US armored vehicle manufacturing industry includes about 50 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $6.5 billion.

    COMPETITIVE LANDSCAPE

    Demand is driven by military budgets, which typically change with perceived threats to national security. The profitability of individual companies depends on the effective management of subcontractors and raw materials costs and technological expertise. Large companies enjoy economies of scale in design, manufacturing, and purchasing. While small companies often introduce innovation, large companies are often able to adapt more quickly to the evolving demands of modern warfare. Small companies can compete by providing niche products to prime contractors, and by forming joint ventures with larger contractors. The US industry is highly concentrated: the top four companies account for more than 80 percent of industry revenue.

    PRODUCTS, OPERATIONS & TECHNOLOGY

    Major products include wheeled, and tracked armoured vehicles, including infantry fighting vehicles, heavy equipment transporters, mobile bridges, ...

     
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