According to the new research report published by Precedence Research, titled “Armored Vehicle Upgrade and Retrofit Market (By Type: Armored Personnel Carrier (APC), Infantry Fighting Vehicle (IFV), Mine-resistant Ambush Protected (MRAP), Main Battle Tank (MBT), Others) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032 (By Product: Traditional, Advanced; By Application: Pottery, Tiles, Abrasives, Sanitary wave, Bricks & pipes, Others; By End User: Medical, Industrial, Building & Construction, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032”, the global armored vehicle upgrade and retrofit market size is expected to be worth around US$ 10.77 billion by 2032 and is poised to record a yearly growth rate of 4.71% from 2023 to 2032. The study investigates several elements and their consequences on the growth of the all-wheel drive market.
This report focuses on armored vehicle upgrade and retrofit market volume and value at the global level, regional level and company level. From a global perspective, this report represents the overall armored vehicle upgrade and retrofit market size by analysing historical data and future prospects. Regionally, this report focuses on several key regions: North America, Europe, the Middle East & Africa, Latin America, etc.
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2032. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
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The study also provides important advancements in organic and inorganic growth strategies in the worldwide armored vehicle upgrade and retrofit market. A lot of corporations are prioritizing new launches, product approvals, and other business expansion techniques. In addition, the report offers profiles of armored vehicle upgrade and retrofit market firms and market strategies. Furthermore, the research focuses on top industry participants, providing information such as company profiles, components and services offered, recent financial data, and key developments.
Armored Vehicle Upgrade and Retrofit Market Report Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 7.12 Billion |
| Market Size by 2032 | USD 10.77 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 4.71% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
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Market Key Players
Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the armored vehicle upgrade and retrofit market.
Some of the prominent players in the armored vehicle upgrade and retrofit market include
- Rheinmetall AG
- General Dynamics Corporation
- Elbit Systems Ltd
- Textron Inc.
- BAE Systems PLC
- Oshkosh Corporation
- FNSS Savunma Sistemleri
- Nexter Group
- Thales Group
- RUAG Group
- Patria Group
- Bharat Electronics Limited (BEL)
Armored Vehicle Upgrade and Retrofit Market Segmentations
By Type
- Armored Personnel Carrier (APC)
- Infantry Fighting Vehicle (IFV)
- Mine-resistant Ambush Protected (MRAP)
- Main Battle Tank (MBT)
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Report Objectives
- To define, segment, and project the global market size for armored vehicle upgrade and retrofit market
- To understand the structure of the market by identifying its various sub-segments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyse the micro-markets, with respect to individual growth trends, future prospects, and their contributions to the total market
- To project the size of the market and its submarkets, in terms of value, with respect to global. (along with their respective key countries)
- To profile key players and comprehensively analyse their core competencies
- To understand the competitive landscape and identify major growth strategies adopted by players across the globe.
- To analyse the competitive developments such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Armored Vehicle Upgrade and Retrofit Market
5.1. COVID-19 Landscape: Armored Vehicle Upgrade and Retrofit Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics 6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Armored Vehicle Upgrade and Retrofit Market, By Type
8.1. Armored Vehicle Upgrade and Retrofit Market Revenue and Volume, by Type, 2023-2032
8.1.1. Armored Personnel Carrier (APC)
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Infantry Fighting Vehicle (IFV)
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Mine-resistant Ambush Protected (MRAP)
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Main Battle Tank (MBT)
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. Others
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Armored Vehicle Upgrade and Retrofit Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.1.2. U.S.
9.1.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.1.3. Rest of North America
9.1.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.2. Europe
9.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.2.2. UK
9.2.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.2.3. Germany
9.2.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.2.4. France
9.2.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.2.5. Rest of Europe
9.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.3. APAC
9.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.3.2. India
9.3.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.3.3. China
9.3.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.3.4. Japan
9.3.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.3.5. Rest of APAC
9.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.4. MEA
9.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.4.2. GCC
9.4.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.4.3. North Africa
9.4.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.4.4. South Africa
9.4.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.4.5. Rest of MEA
9.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.5. Latin America
9.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.5.2. Brazil
9.5.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
9.5.3. Rest of LATAM
9.5.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
Chapter 10. Company Profiles
10.1. Rheinmetall AG
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. General Dynamics Corporation
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Elbit Systems Ltd
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Textron Inc.
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. BAE Systems PLC
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Oshkosh Corporation
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. FNSS Savunma Sistemleri
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Nexter Group
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Thales Group
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. RUAG Group
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
Why should you invest in this report?
If you are aiming to enter the global armored vehicle upgrade and retrofit market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for armored vehicle upgrade and retrofit are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2023-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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