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The size of the Middle East and Africa 8X8 armoured vehicle market in 2020 was estimated at USD 797.12 million and is expected to expand from 2021 to 2026 at a CAGR of 6.4%.
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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.
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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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.
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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.
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:
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.
|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|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|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, 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.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.2 Key findings of the Study
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Inference Data
3 Executive Summary
3.1 Market Overview
3.2 Market Analysis
4 Middle East and Africa 8X8 Armoured Vehicle Market Analysis
4.1 Middle East and Africa 8X8 Armoured Vehicle Historical Market (2017-2021) & Forecast (2022-2027)
4.2 Middle East and Africa 8X8 Armoured Vehicle Market Breakup by Product
4.2.1 Armoured Personnel Carrier (APC)
4.2.2 Infantry Fighting Vehicle (IFV)
4.2.3 Light Protected Vehicle (LPV)
4.2.4 Main Battle Tank (MBT)
4.2.5 Mine-Resistant Ambush-Protected (MRAP)
4.2.6 Tactical Vehicle
4.3 Breakup by Product: Historical Market (2017-2021) & Forecast (2022-2027)
4.3.1 Armoured Personnel Carrier (APC)
4.3.2 Infantry Fighting Vehicle (IFV)
4.3.3 Light Protected Vehicle (LPV)
4.3.4 Main Battle Tank (MBT)
4.3.5 Mine-Resistant Ambush-Protected (MRAP)
4.3.6 Tactical Vehicle
4.4 Middle East and Africa 8X8 Armoured Vehicle Market Breakup by Application
4.4.2 Homeland Security
4.5 Breakup by Application: Historical Market (2017-2021) & Forecast (2022-2027)
4.5.2 Homeland Security
4.6 Middle East and Africa 8X8 Armoured Vehicle Market Breakup by Region
4.6.1 Saudi Arabia
4.6.4 South Africa
4.7 Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
4.7.1 Saudi Arabia
4.7.4 South Africa
5 SWOT Analysis
6 Porter’s Five Forces Analysis
6.2 Buyer’s Power
6.3 Supplier’s Power
6.4 New Entrants
6.5 Degree of Rivalry
7 Competitive Landscape & Supplier Analysis
7.1 BAE Systems
7.2 General Dynamics European Land Systems
7.3 Iveco Defence Vehicles
7.4 Krauss-Maffei Wegmann GmbH & Co.
7.5 Oshkosh Defense, LLC
8 Industry Events and Developments
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