Military Truck Market Size, Share, Analysis, Growth, Trends, Industry Report 2023-2032 | Mercedes-Benz Group AG, Ford Motor Company, Lockheed Martin Corporation, Volvo Defense AB, ZF Friedrichshafen AG

The Military Truck Global Market Report 2023, provides comprehensive information on the military truck market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global military truck market is expected to grow from $23.18 billion in 2022 to $24.18 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The military truck market is expected to reach $28.1 billion in 2027 at a CAGR of 3.9%.

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Product innovations are a key trend gaining popularity in the military truck market. Major companies operating in the military truck market are adopting new technologies to sustain their position in the market. For instance, in June 2022, General Dynamics European Land Systems, a Spain-based manufacturer of military vehicles, launched the DURO-e, the first all-electric all-terrain 4×4 vehicle. DURO-e is an acronym for durable and robust. These include a digital vehicle architecture, a variable powertrain that can use a diesel engine from EURO 3 up to EURO 6, a pure electric powertrain in battery-electric or fuel cell electric version, silent drive, boost, and extended silent watch capabilities, CO2 neutral and economical operation for daily military services, a low heat and noise signature, high energy efficiency, and a self-sufficient energy supply. These features make the DURO-e a versatile and efficient military truck that can be used for various purposes, including transportation, logistics, and support operations.

The military truck market is segmented:

1) By Truck Type: Light, Medium, Heavy

2) By Propulsion: Diesel, Gasoline, Electric Or Hybrid

3) By Transmission Type: Automatic, Semi-Automatic, Manual

4) By Application: Cargo Logistics, Troops Transport, Other Applications

North America was the largest region in the military truck market in 2022.

The table of contents in TBRC’s military truck market report includes:

1. Executive Summary

2. Military Truck Market Characteristics

3. Military Truck Market Trends And Strategies

4. Military Truck Market – Macro Economic Scenario

5. Global Military Truck Market Size and Growth

…

32. Global Military Truck Market Competitive Benchmarking

33. Global Military Truck Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Military Truck Market

35. Military Truck Market Future Outlook and Potential Analysis

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