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U.S. Military Armored Vehicle, Tank, And Tank Component Market. Analysis And Forecast to 2025
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U.S.: Military Armored Vehicle Market Overview 2020

Military Armored Vehicle Market Size in the U.S.

The U.S. military armored vehicle market was estimated at $X in 2019, approximately equating the previous year. Over the period under review, consumption showed a notable increase. The pace of growth appeared the most rapid in 2016 when the market value increased by X% against the previous year. Military armored vehicle consumption peaked in 2019 and is likely to continue growth in years to come.

Military Armored Vehicle Production in the U.S.

In value terms, military armored vehicle production reduced modestly to $X in 2019. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2019, production failed to regain the momentum.

Military Armored Vehicle Exports

Exports from the U.S.

In 2019, military armored vehicle exports from the U.S. dropped to X units, with a decrease of -X% on 2018. In general, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. As a result, exports attained the peak of X units. From 2016 to 2019, the growth exports remained at a lower figure.

In value terms, military armored vehicle exports plummeted to $X in 2019. Overall, total exports indicated a modest expansion from 2013 to 2019: its value decreased at an average annual rate of -X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Israel (X units), Egypt (X units) and Canada (X units) were the main destinations of military armored vehicle exports from the U.S., together comprising X% of total exports. These countries were followed by Turkey, Taiwan, Chinese, Germany, Kuwait, Belgium, Jordan, Australia, Saudi Arabia and Bahrain, which together accounted for a further X 2013 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan, Chinese (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for military armored vehicle exported from the U.S. were Canada ($X), Egypt ($X) and Israel ($X), with a combined X% share of total exports. Saudi Arabia, Germany, Australia, Taiwan, Chinese, Turkey, Belgium, Jordan, Bahrain and Kuwait lagged somewhat behind, together comprising a further X, Chinese saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average military armored vehicle export price amounted to $X per unit, which is down by -X% against the previous year. Over the period under review, the export price, however, recorded a perceptible increase. The growth pace was the most rapid in 2016 an increase of X% year-to-year. As a result, export price reached the peak level of $X per unit. From 2017 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Kuwait ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Jordan, while the prices for the other major destinations experienced more modest paces of growth.

Military Armored Vehicle Imports

Imports into the U.S.

In 2019, after three years of growth, there was decline in overseas purchases of military armored vehicles, tanks, and tank components, when their volume decreased by -X% to X units. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X units in 2018, and then shrank in the following year.

In value terms, military armored vehicle imports soared to $X in 2019. In general, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2016 when imports increased by X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Canada (X units), Switzerland (X units) and South Korea (X units) were the main suppliers of military armored vehicle imports to the U.S., together comprising X% of total imports. These countries were followed by Taiwan, Chinese, the UK and Italy, which together accounted for a further X 2013 to 2019, the biggest increases were in Taiwan, Chinese (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of military armored vehicle to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of value from Canada amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average military armored vehicle import price stood at $X per unit in 2019, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The import price peaked at $X per unit in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of military armored vehicles, tanks, and tank components to the U.S.?
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In value terms, Canada ($129M) constituted the largest supplier of military armored vehicle to the U.S., comprising 42% of total imports. The second position in the ranking was occupied by Switzerland ($42M), with a 14% share of total imports. It was followed by Italy, with a 13% share.
What are the leading importers of military armored vehicles, tanks, and tank components from the U.S.?
+
In value terms, Canada ($141M), Egypt ($109M) and Israel ($77M) appeared to be the largest markets for military armored vehicle exported from the U.S. worldwide, with a combined 27% share of total exports. Saudi Arabia, Germany, Australia, Taiwan, Chinese, Turkey, Belgium, Jordan, Bahrain and Kuwait lagged somewhat behind, together comprising a further 12%.
What is the average export price for military armored vehicles, tanks, and tank components in the U.S.?
+
In 2019, the average military armored vehicle export price amounted to $95 per unit, shrinking by -8.7% against the previous year.
What is the average import price for military armored vehicles, tanks, and tank components in the U.S.?
+
In 2019, the average military armored vehicle import price amounted to $13 per unit, picking up by 20% against the previous year.

Product coverage:
• NAICS 336992 - Military armored vehicle, tank, and tank component manufacturing

This report provides an in-depth analysis of the military armored vehicle market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Companies mentioned:
• AM General
• Bae Systems Land & Armaments
• Protectoseal Company
• Natgun Corporation
• Marion Body Works
• Demmer Corporation
• Lide Industries
• Shapes Group Ltd Co.
• Lourdes Industries
• Sioux Manufacturing Corporation
• US Yachiyo
• UNI-Form Components Co.
• Marvin Land Systems
• Atec Steel
• Dn Tanks
• Lake Spirit Tribe
• Bay Shore Steel Works
• Force Protection
• Drs Network & Imaging Systems
• Gichner Systems Group
• Meritor Heavy Vehicle Systems
• Santa Rosa Stainless Steel Fabricators
• Bae Systems Ah
• Kellogg Brown & Root Services
• Iron Horse Investors
• Melton Sales & Service
• Millenworks
• Jankel Tactical Systems
• A N' S Distribution Corp.

Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013–2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2019
Figure 5:
Trade Balance, In Physical Terms, 2013–2019
Figure 6:
Trade Balance, In Value Terms, 2013–2019
Figure 7:
Per Capita Consumption, 2013–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

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