An armored personnel carrier (APC) is a broad type of armored military vehicle designed to transport personnel and equipment in combat zones. a tracked military vehicle with steel or aluminum is used to transport troops in combat and is usually fitted with light armament. The rising adoption of crewless combat ground vehicles by defense sectors in different countries is expected to bolster the demand for armored vehicles in the future. The market is also divided into type, a number of occupants, and range.
MARKET SCOPE
The "Armoured Personnel Carrier Market Analysis from 2019 to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the armoured personnel carrier market with detailed market segmentation by type, number of occupants, range, and geography. The report provides key statistics on the market status of the leading armoured personnel carrier market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
On the basis of type, the market is segmented into tracked and wheeled.
On the basis of the Number of occupants, it is segmented into Less than 10, 10 to 15, and More than 15.
On the basis of range, it is segmented into 200 -400 Km, 400-600Km and Above 600Km.
MARKET DYNAMICS
Drivers - The increase in defense budgets is propelling the armored personnel carrier market.
Restraints- High vibrations and sounds associated with tracked APCs.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The armoured personnel carrier market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis evaluating the factors affecting the armoured personnel carrier market in these regions.
Impact of COVID-19 on Armored Personnel Carrier Market
The COVID-19 pandemic has caused a multi-level impact on economies globally. The global manufacturing of automotive parts, components, and assembly lines has been severely impacted. Although the production of armored personnel Carrier is of prime importance, disruptions in the supply chain have affected their manufacturing for the time being. Resuming the manufacturing and deliveries of armored personnel carrier depends on the level of COVID-19 exposure a country is facing, the level at which manufacturing operations are running, and import-export regulations, among others. Although companies may still be taking in orders, delivery schedules might not be on time.
MARKET PLAYERS
The report covers key developments in the armored personnel carriers (APCs) as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from armored personnel carriers market are anticipated to have lucrative growth opportunities in the future with the rising demand for armored personnel carriers Market in the global market. Below mentioned is the list of few companies engaged in the armored personnel carriers market .
The report also includes the profiles of key players in armored personnel carriers market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ARTEC GmbH
- Patria
- General Dynamics European Land Systems
- Mahindra Emirates Vehicle Armouring Fz
- Military Industrial Company LLC
- Otokar Otomotiv ve Savunma Sanayi A.
- NIMR Automotive
- Tata Motors
- Hanwa Corporation
- Textron Systems