Global Military Truck Market to reach XX by 2027. Global Military Truck Market is valued approximately XX in 2020 and is anticipated to grow with a healthy growth rate of more than XX over the forecast period 2021-2027. The prevalence of geopolitical tensions and war-like situations among countries is encouraging the nations to increase and improve their defense system and structure. For instance: - growing tensions between India and China, Israel and Palestine are surging the demand for increasing their capabilities. High initial military investment of military trucks is a restraining factor. Government's focus is shifted towards the healthcare sector due to COVID-19 is also slowing down the growth. Also, growth potential for military trucks in order to transport personnel and equipment to national borders is also expected to drive the growth. The defense agencies are partnering with automobile to technologically advance the military trucks. For instance: - South Korean Military along with Kia motors is developing mid-sized military vehicles. Kia will manufacture high-torque military vehicle with technological advancements such as: - satellite navigation, ABS, and Anti-Spin Regulator.

The global Military Truck marketis segmented into key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World for regional analysis. Asia Pacific is expected to remain a key region with the highest market share of 45% in 2019. The region will continue to expand because of increasing automotive consumer base India and China along with industrialization which will boost the growth of the region in coming years. Europe is expected to grow significantly for the forecasted period because of robust automotive base in Germany and Russia.
Major market player included in this report are
Rheinmetall AG
IVECO S.p.A.
TATRA TRUCKS A.S.
Textron Inc.
General Dynamics
Mitsubishi Heavy Industries
Mercedes-Benz AG
Tata Motors
Krauss-Maffei Wegmann
Oshkosh Corporation, Inc.


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By application:
Cargo/logistics
Troop
Utility
By axle configuration:
4x4
6x6
8x8
Others
By propulsion:
Electric/Hybrid
Gasoline
Diesel
By Truck type:
Light
Medium
Heavy
By transmission type:
Automatic
Semi-Automatic
Manual


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Military Truck Marketlin Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors