Global Military Trucks Market 2023-2030

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    GLOBAL MILITARY TRUCKS MARKET

     

    KEY FINDINGS

    • US Army has placed an order of 99 Mack Défense M917A3 non-armoured heavy dump trucks (HDT) in a contract worth $296.4M, which is designed to meet military transportation requirements.
    • Germany has awarded a contract worth $646M to Rheinmetall for the procurement of 1401 military trucks.
    • BEML, India has secured a $103.75M contract from Indian MoD to supply high-mobility vehicles to the Indian Army.
    • Rheinmetall and Czechoslovak Group (CSG) have signed a Memorandum of Understanding to establish a joint venture in the field of tactical military vehicles.
    • Thailand is planning to seal the deal for 600 light military trucks from Tata Motors, India for its Army.
    • DAF has received an order of 879 all-wheel drive Military trucks from Belgian Armed Forces.
    • Bundeswehr, Germany orders 48 more Heavy Tractor Trailers from Rheinmetall in a contract worth ~$49M.
    • Kia Motors has been awarded $1.4B trucks contract from South Korean Army.

    INTRODUCTION

    Military trucks are a key components of the country’s safeguarding fleet, whether to relocate personnel or to move tons of payloads to rare places. From fighting vehicles to personnel carrier vehicles, tactical tanks to battle tanks, support vehicle to heavy combat vehicles in different shapes and sizes with customization options are available in the market.

     

    Global Military Trucks Market 2023-2030 1

    As the technologies are getting advanced and advanced with time, advance military trucks are need of the hour. Demand for these military vehicles is expected to increase manifold in the coming years.

     

    MARKET SEGMENTATION OF MILITARY TRUCKS BY AXLE TYPES AND SIZE

    4X4: (4WD)

    4X4 syntactically means there are four-axle ends (4 wheels) and all four wheels are provided engine torques.

    So, if there is 4X2 type vehicle that means it has four axle ends, and two wheels are powered, or we can say one axle (generally rear) is provided engine torque.

    These types of trucks can be used as on-road (few variants) and off-road.

    These trucks are used as Light Utility Vehicles (LUV), Supporting Vehicles and Troops carrier in the military.

    Few 4X4 military trucks are-

    MODEL (4X4) MANUFACTURING COMPANY
    Unimog Mercedes BENZ
    HMMWV AM GENERAL
    TATRA 815 TATRA TRUCKS
    TATA LPTA 715TC TATA MOTORS

     

    6X6: (6WD)

    6X6 variants have three axles with a minimum of one wheel on each end of the axle and all being powered by engine torque.

    Unlike 4X4, they are off-road and heavy-duty military vehicle. These types of vehicles are also called All-Terrain Vehicle.

    6X6 with single wheels at each end of the vehicle are considered for better mobility. In contrast, two wheels on each end of two rear axles are preferred when substantial payload capabilities are required.

    Few 6X6 military trucks are-

    MODEL (6X6) MANUFACTURING COMPANY
    MTVR OSHKOSH
    Renault TRM 10000 RENAULT
    Pinzgauer BAE SYSTEMS
    FAT 6X6 ASHOK LEYLAND

     

    8X8: (8WD)

    8X8 variants have a single wheel on each of the four-axle ends, and all eight wheels receive engine torque.

    These vehicles are mostly confined to off-road, heavy-duty military vehicle. They consist of 4 axles with a minimum of two wheels on each axle end for better mobility.

    8X12 is preferred for substantial payload capability requirement with rear two-axle have two wheels at each axle end.

    Few 8X8 military trucks are-

    MODEL (8X8) MANUFACTURING COMPANY
    M1070 HET OSHKOSH
    Piranha V AWV GENERAL DYNAMICS
    TATRA 815 TATRA
    SISU E13 TP SISU AUTO GROUP

     

     

     

    MARKET SEGMENTATION OF MILITARY TRUCK BY PROPULSION

    Generally, the military truck engine is available in three varieties – Electric/Hybrid, Diesel, Gasoline.

    Gasoline engine trucks were used before the 1960s, very few are still in the market. Mostly used propulsion type trucks are Diesel engine, which has water-cooled Inline 6-cylinder (I6) engines. They are sturdy, rugged and can adapt in any physical condition.

    But in new Electric/Hybrid technology electric motor engine have proven themselves more efficient. Batteries are getting cheaper and better with more energy density and are easier to charge. Most commonly used battery in military electric vehicles are Lithium-Iron Phosphate battery and Lithium-Titanate battery.

    RST-V (Reconnaissance Surveillance Targeting Vehicle) is an example of an electric military vehicle which is in the market.

    Some key points outlaying the benefits of using electric motor engines in military trucks are-

    • By using electric motors in a military vehicle, the weight spread is better, and resiliency is achieved.
    • In contrast to gasoline/diesel engine, electric engines can provide on-demand torque immediately.
    • Electric combat vehicle doesn’t emit much heat that an infrared weapon can hone in.
    • According to researcher and scientists, military electric vehicles will have more tactical benefits and more efficiency along with the price in comparison to diesel/gasoline vehicle.

    However, Technological advancement in the case of Hybrid/Electric combat vehicle is slow due to a variety of technical challenges.

     

    MARKET SEGMENTATION OF MILITARY TRUCKS BASED ON TRANSMISSION

    Generally, three modes of transmission are there at present in the market- Manual, Semi-automatic and Automatic.

    All the old military trucks had manual transmission system. Only three new manual military trucks are available in the market. Most of the trucks are either semi-automatic or fully automatic.

    Semi-automatic trucks have a manual transmission with an automatic clutch which means there will be power cuts while transferring engine torque to wheels.

    Automatic military trucks function smoothly and with greater control over the vehicle. They have a heavy-duty torque conversion rate with low maintenance requirements. They are easy to operate and are highly rugged. Most of the military trucks available are fully automatic.

     

    MILITARY TRUCKS MARKET SEGMENTATION BY GEOGRAPHY

     

    ASIA PACIFIC MILITARY TRUCKS MARKET

    India is the third world’s largest military spender with more than $70 Billion in recent Defense Budget. Tension at the borders have led the Government to spend more in the military, and so have the other neighbouring countries, to strengthen their army.

    Australia has committed to spending $270 Billion on defence in the next ten years.

    Globally, major players in the market are opting various methodologies and strategies like joint ventures, partnerships and agreements to expand their branch to capture more share of this profitable business.

    India has prepared a roadmap to spend $130B in the next 5-7 years under AATMNIRBHAR BHARAT, in which primary focus will be the procurement of pending 2,600 Infantry Combat Vehicles along with 1,700 Future Ready Combat Vehicle and Infantry modernization will be a crucial focus as per the Government.

    Ban on Military trucks of 4×4 and above variants (12×12, 10×10, 8×8, 6×6) from Dec, 2020 in India is likely to boost indigenous manufacturing.

    There is a total of around 135 military vehicles manufacturing company in India till date. And companies like Tata Motors, Reliance, Mahindra, Hero are preparing to grab a piece of this plan under Make in India initiative.

    Moreover, India’s Defense Valuation has grown to $618B and many more major global key players in this field are extending their reach to make way for themselves.

    Global market share of Asia pacific in Armoured Vehicle stands around 25%.

     

    Embargo list of defence item from Dec, 2021 onwards by MoD of India-

    • Wheeled Armoured Fighting Vehicle (AFV)
    • Light Machine Gun
    • 125 mm Fin Stabilised Armour Piercing Discarding Sabot (FSAPDS) New Generation Ammunition
    • Assault Rifle 7.62 x 39mm
    • 30 mm Ammunition for Infantry Fighting Systems
    • Mine Fragmentation
    • Mine Anti-tank
    • Mine Anti-Personnel Blast
    • Multipurpose Grenade
    • Inertial Navigation System for Ship Application
    • Conventional Submarines

    NORTH AMERICA MILITARY TRUCKS MARKET

    Looking at recent expenditure on military expansion, North America will be the fastest-growing market in the coming years. The diplomatic proceedings and border disputes between U.S. and Mexico have led the Government of both countries to procure more army vehicles and contracts have been provided to some major players to develop more advance military trucks to replace the existing fleet.

     

    Global market share of North America in Armoured Vehicle stands around 22%.    

     

    EUROPE MILITARY TRUCKS MARKET

    Russia’s incursion in Georgia and Ukraine have steered the Eastern European countries to increase their defense expenditure.

     

    Most of the spending in European countries were in the procurement of military vehicle and Research & Development, which is around 23% of total Europe’s Defense Budget. 

     

    Global market share of Europe in Armoured Vehicle stands around 30%. 

     

    MIDDLE EAST MILITARY TRUCKS MARKET

    Five out of the ten most defense spending countries per capita is from the middle east. Some of the countries are spending more than 10% of their total GDP.

     

    Most of this expenditure is for procurement of military vehicle and developing advance weapon system.

     

    Global market share of the Middle East in Armoured Vehicle stands around 13%.

     

    INDIA MILITARY TRUCKS MARKET

    Globally, major players in the market are opting various methodologies and strategies like joint ventures, partnerships and agreements to expand their branch to capture more share of this profitable business.

     

    India has prepared a roadmap to spend $130 Billion in the next 5-7 years, in which primary focus will be the procurement of pending 2,600 Infantry Combat Vehicles along with 1,700 Future Ready Combat Vehicle. And Infantry modernization will be a crucial focus as per the Government.

     

    There is a total of around 135 military vehicles manufacturing company in India till date. And companies like Tata Motors, Reliance, Mahindra, Hero are preparing to grab a piece of this plan under Make in India initiative.

     

    Moreover, India’s Defense Valuation has grown to $618 Billion and many more major global key players in this field are extending their reach to make way for themselves.

     

    RECENT CONTRACTS AWARDED IN MILITARY TRUCKS MARKET

    Feb 2021- DAF has received an order of 879 all-wheel drive Military trucks from Belgian Armed Forces. It comprises of 636 2-axle trucks with 4×4 driveline in addition to 243 trucks with 4 axles and 8×8 driveline.

    Jan 2021- BEML, India has secured a $103.75M contract from Indian MoD to supply high-mobility vehicles to the Indian Army.

    Jan 2021- Germany has awarded a contract worth $646M to Rheinmetall for the procurement of 1401 military trucks.

    Dec 2020- Bundeswehr, Germany orders 48 more Heavy Tractor Trailers from Rheinmetall in a contract worth ~$49M. Delivery of 24 unprotected heavy tractor trailers will be done in 2021 with further 24 to be followed in 2022.

    Nov 2020- Rheinmetall started supply of 342 Roll-off Tipper non-tactical vehicles to Germany.

    Aug 2020- Thailand is planning to seal the deal for 600 light military trucks from Tata Motors, India for its Army.

    April 2020- Russia delivered 37 Ural next off-road trucks to Philippine National Police.

    April 2020- Kia Motors was awarded $1.4B trucks contract from South Korean Army

     

    KEY PLAYERS

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
       
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