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Middle East and Africa 8X8 Armoured Vehicle Market

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%.  

 

Middle East and Africa 8X8 Armoured Vehicle Market

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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:

 

Middle East and Africa 8X8 Armoured Vehicle Market By Segments

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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.

 

Middle East and Africa 8X8 Armoured Vehicle Market By Region

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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
  • Rheinmetall AG
  • International Armored Group
  • 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:

  • Product
  • Application
  • Region
Breakup 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
Breakup by Application
  • Defence
  • Homeland Security
  • Commercial
Breakup by Region
  • Saudi Arabia
  • Iran
  • Egypt
  • South Africa
  • Turkey
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BAE Systems
  • General Dynamics European Land Systems
  • Iveco Defence Vehicles
  • Rheinmetall AG
  • International Armored Group
  • Krauss-Maffei Wegmann GmbH & Co.
  • Oshkosh Defense, LLC 
  • Others
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.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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    Krauss-Maffei Wegmann GmbH & Co.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Oshkosh Defense, LLC
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    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, Rheinmetall AG, International Armored Group, Krauss-Maffei Wegmann GmbH & Co., Oshkosh Defense, LLC, and  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, Rheinmetall AG, International Armored Group, Krauss-Maffei Wegmann GmbH & Co., Oshkosh Defense, LLC, and  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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