Armored Vehicle Manufacturing in the US - Industry Market Research Report

Armored Vehicle Manufacturing in the US - Industry Market Research Report

Published: August 2017
Publisher: IBISWorld
Product ref: 283498
Pages: 37
Format: PDF
Delivery: Immediate download

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Armored Vehicle Manufacturing

The Armored Vehicle Manufacturing industry experienced significant declines over the five years to 2017. Prior to the five-year period, US combat operations in the Middle East and a climbing defense budget created a boom in demand for armored vehicles. However, just before the current five-year period, this trend reversed. The United States began to wind down combat operations in the Middle East, the defense budget was cut and the sequestration eventually kicked in. Over the five years to 2022, the defense budget is anticipated to eventually stabilize, and development and production programs like the Armored Multi-Purpose Vehicle and the Joint Light Tactical Vehicle should increase demand for industry products. Moreover, increasing geopolitical tensions are anticipated to help operators maintain relatively high exports orders as more nations demand armored vehicles in order to stay ahead of rivals. Lastly, operators will also benefit from continued modification programs for the existing armored vehicle fleet.

This industry includes establishments engaged in manufacturing, modifying, repairing and servicing military armored vehicles. These vehicles are used in combat to transport infantry and munitions or to provide combat support. Tanks are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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Related research categories

By sector: General industry, Manufacturing

By market: United States (in North America)

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