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Middle East and Africa 8X8 Armoured Vehicle Market Size: By Product: Armoured Personnel Carrier (APC), Infantry Fighting Vehicle (IFV), Light Protected Vehicle (LPV), Main Battle Tank (MBT), Mine-Resistant Ambush-Protected (MRAP), Tactical Vehicle, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Middle East and Africa 8X8 Armoured Vehicle Market Outlook
The size of the Middle East and Africa 8X8 armoured vehicle market in 2023 was estimated at USD 996.03 million and is expected to expand from 2024 to 2032 at a CAGR of 5.2%.
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The 8X8 armoured vehicles can protect their occupants, thereby helping defence forces and home security departments protect their staff while engaging with terrorists, curbing community riots, and addressing other threats. Manufacturers have begun to embrace the latest technological trends and offer 8x8 armoured vehicles tailored to end-user specifications. For such vehicles ordered for commercial purposes and personal safety, some manufacturers also offer enhanced designs and customised functionality. Advances in technology have enabled manufacturers of 8X8 armoured vehicles to use composite material, a combination of stainless steel, galvanized steel, aluminium, and ceramic to enhance vehicle resistance to corrosion.
Market Segmentation
The industry can be divided on the basis of segments like application and product. The industry can be broadly categorised on the basis of its application into:
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- Defence
- Homeland Security
- Commercial
The industry can be divided on the basis of its product as armoured personnel carrier (APC), infantry fighting vehicle (IFV), light protected vehicle (LPV), main battle tank (MBT), mine-resistant ambush-protected (MRAP), and tactical vehicle, among others.
Market Analysis
The market is expected to be driven by the growing focus of the armed forces on protecting soldiers from all kinds of internal and external threats. High emphasis on countering rising criminal activities and cross-border terrorism by homeland security departments are expected to drive the industry growth further. Growing terrorist activities in some Middle East and Africa nations have triggered asymmetric warfare. At the same time, the departments of home security are becoming increasingly concerned about the growing riots and organised crimes in the community. These factors are driving the demand for armoured 8x8 trucks. On the other hand, the growing awareness of security and safety is also creating new opportunities in the region, especially among high-placed individuals.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the Middle East and Africa 8X8 armoured vehicle market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- BAE Systems
- General Dynamics European Land Systems
- Iveco Defence Vehicles
- Krauss-Maffei Wegmann GmbH & Co.
- Oshkosh Defense, LLC
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Middle East and Africa
7 Opportunities and Challenges in the Market
8 Global 8X8 Armoured Vehicle Market Overview
8.1 Key Industry Highlights
8.2 Global 8X8 Armoured Vehicle Historical Market (2018-2023)
8.3 Global 8X8 Armoured Vehicle Market Forecast (2024-2032)
8.4 Global 8X8 Armoured Vehicle Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Middle East and Africa 8X8 Armoured Vehicle Market Analysis
9.1 Key Industry Highlights
9.2 Middle East and Africa 8X8 Armoured Vehicle Historical Market (2018-2023)
9.3 Middle East and Africa 8X8 Armoured Vehicle Market Forecast (2024-2032)
9.4 Middle East and Africa 8X8 Armoured Vehicle Market by Product
9.4.1 Armoured Personnel Carrier (APC)
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Infantry Fighting Vehicle (IFV)
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Light Protected Vehicle (LPV)
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.4.4 Main Battle Tank (MBT)
9.4.4.1 Historical Trend (2018-2023)
9.4.4.2 Forecast Trend (2024-2032)
9.4.5 Mine-Resistant Ambush-Protected (MRAP)
9.4.5.1 Historical Trend (2018-2023)
9.4.5.2 Forecast Trend (2024-2032)
9.4.6 Tactical Vehicle
9.4.6.1 Historical Trend (2018-2023)
9.4.6.2 Forecast Trend (2024-2032)
9.4.7 Others
9.5 Middle East and Africa 8X8 Armoured Vehicle Market by Application
9.5.1 Defence
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Homeland Security
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Commercial
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.6 Middle East and Africa 8X8 Armoured Vehicle Market by Country
9.6.1 Saudi Arabia
9.6.2 Iran
9.6.3 Egypt
9.6.4 South Africa
9.6.5 Turkey
10 Regional Analysis
10.1 Saudi Arabia
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Iran
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Egypt
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 South Africa
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Turkey
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code- 871000)
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BAE Systems
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 General Dynamics European Land Systems
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Iveco Defence Vehicles
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Rheinmetall AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 International Armored Group
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global 8X8 Armoured Vehicle Market: Key Industry Highlights, 2018 and 2032
2. Middle East and Africa 8X8 Armoured Vehicle Market: Key Industry Highlights, 2018 and 2032
3. Middle East and Africa 8X8 Armoured Vehicle Historical Market: Breakup by Intensity (USD Million), 2018-2023
4. Middle East and Africa 8X8 Armoured Vehicle Market Forecast: Breakup by Intensity (USD Million), 2024-2032
5. Middle East and Africa 8X8 Armoured Vehicle Historical Market: Breakup by Product (USD Million), 2018-2023
6. Middle East and Africa 8X8 Armoured Vehicle Market Forecast: Breakup by Product (USD Million), 2024-2032
7. Middle East and Africa 8X8 Armoured Vehicle Historical Market: Breakup by Application (USD Million), 2018-2023
8. Middle East and Africa 8X8 Armoured Vehicle Market Forecast: Breakup by Application (USD Million), 2024-2032
9. Middle East and Africa 8X8 Armoured Vehicle Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
10. Middle East and Africa 8X8 Armoured Vehicle Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
11. Middle East and Africa 8X8 Armoured Vehicle Historical Market: Breakup by Country (USD Million), 2018-2023
12. Middle East and Africa 8X8 Armoured Vehicle Market Forecast: Breakup by Country (USD Million), 2024-2032
13. Middle East and Africa Historical Price Trends and Forecast 2018-2028
14. Middle East and Africa 8X8 Armoured Vehicle Market Structure
Key Questions Answered in the Report
The Middle East and Africa 8X8 armoured vehicle market reached a value of USD 996.03 million in 2023.
The market is projected to grow at a CAGR of nearly 5.2% in the forecast period of 2024-2032.
The major drivers of the market include the rising disposable incomes, increasing population, rising advancements in technology, and the increasing demand from the defence sector.
The rising terrorist activities in some Middle East and Africa nations have triggered asymmetric warfare, acting as a key trend for the market.
Saudi Arabia, Iran, Egypt, South Africa, and Turkey are the leading regions in the market.
The major types of 8X8 armoured vehicle in the market are armoured personnel carrier (APC), infantry fighting vehicle (IFV), light protected vehicle (LPV), main battle tank (MBT), mine-resistant ambush-protected (MRAP), and tactical vehicle, among others.
The leading application segments in the market are defence, homeland security, and commercial.
The leading players in the market are BAE Systems, General Dynamics European Land Systems, Iveco Defence Vehicles, Krauss-Maffei Wegmann GmbH & Co., and Oshkosh Defense, LLC, among others.
Analyst Review
The Middle East and Africa 8X8 armoured vehicle market was estimated at USD 996.03 million in 2023. Aided by the latest technological trends and the increasing focus of the armed forces on protecting soldiers from internal and external threats, the industry is expected to expand at a CAGR of 5.2% from 2024 to 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the market for 8X8 armoured vehicle in the Middle East and Africa can be segmented into armoured personnel carrier (APC), infantry fighting vehicle (IFV), light protected vehicle (LPV), main battle tank (MBT), mine-resistant ambush-protected (MRAP), and tactical vehicle, among others. On the basis of application, the industry is divided into defence, homeland security, and commercial. The major regional markets for 8X8 armoured vehicle are Saudi Arabia, Iran, Egypt, South Africa, and Turkey. The key players in the above industry include BAE Systems, General Dynamics European Land Systems, Iveco Defence Vehicles, Krauss-Maffei Wegmann GmbH & Co., and Oshkosh Defense, LLC, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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