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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 2021

Military Armored Vehicle Market Size in the U.S.

In 2020, the U.S. military armored vehicle market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Military armored vehicle consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Military Armored Vehicle Production in the U.S.

In value terms, military armored vehicle production totaled $X in 2020. Overall, production saw a perceptible increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% y-o-y. Military armored vehicle production peaked at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Military Armored Vehicle Exports

Exports from the U.S.

In 2020, overseas shipments of military armored vehicles, tanks, and tank components increased by X% to X tonnes for the first time since 2016, thus ending a three-year declining trend. Overall, exports enjoyed a slight increase. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Exports peaked at X tonnes in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, military armored vehicle exports fell modestly to $X in 2020. In general, exports recorded a slight setback. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Exports peaked at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Egypt (X tonnes) was the main destination for military armored vehicle exports from the U.S., accounting for a X% share of total exports. Moreover, military armored vehicle exports to Egypt exceeded the volume sent to the second major destination, Israel (X tonnes), threefold. The third position in this ranking was occupied by the United Arab Emirates (X tonnes), with a X% share.

From 2013 to 2020, the average annual growth rate of volume to Egypt totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-X% per year) and the United Arab Emirates (-X% per year).

In value terms, Egypt ($X) remains the key foreign market for military armored vehicle exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Israel ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2013 to 2020, the average annual growth rate of value to Egypt totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-X% per year) and Taiwan (Chinese) (+X% per year).

Export Prices by Country

In 2020, the average military armored vehicle export price amounted to $X per tonne, reducing by -X% against the previous year. In general, the export price showed a perceptible downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Taiwan (Chinese) ($X per tonne), while the average price for exports to the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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 2020, supplies from abroad of military armored vehicles, tanks, and tank components decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Overall, imports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, military armored vehicle imports stood at $X in 2020. In general, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

Switzerland (X tonnes), Canada (X tonnes) and South Korea (X tonnes) were the main suppliers of military armored vehicle imports to the U.S., with a combined X% share of total imports. Taiwan (Chinese), the UK and Italy lagged somewhat behind, together comprising a further X 2013 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (+X% per year), while imports for the other leaders experienced more modest paces of growth.

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

From 2013 to 2020, the average annual growth rate of value from Canada amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Switzerland (+X% per year).

Import Prices by Country

The average military armored vehicle import price stood at $X per tonne in 2020, rising by X% against the previous year. In general, the import price, however, saw a deep downturn. The import price peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, 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 Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of military armored vehicles, tanks, and tank components to the U.S.?
+
In value terms, Canada ($153M) constituted the largest supplier of military armored vehicle to the U.S., comprising 44% of total imports. The second position in the ranking was occupied by Italy ($56M), with a 16% share of total imports. It was followed by Switzerland, with a 10% share.
What are the leading importers of military armored vehicles, tanks, and tank components from the U.S.?
+
In value terms, Egypt ($282M) remains the key foreign market for military armored vehicle exports from the U.S., comprising 31% of total exports. The second position in the ranking was occupied by Israel ($103M), with a 11% share of total exports. It was followed by Taiwan (Chinese), with a 8.5% share.
What is the average export price for military armored vehicles, tanks, and tank components in the U.S.?
+
The average military armored vehicle export price stood at $26,584 per tonne in 2020, with a decrease of -20.7% against the previous year.
What is the average import price for military armored vehicles, tanks, and tank components in the U.S.?
+
The average military armored vehicle import price stood at $17,365 per tonne in 2020, surging by 42% 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 2013–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2013–2020
Table 3:
Market Value, 2013–2020
Table 4:
Per Capita Consumption In 2013–2020
Table 5:
Imports, In Physical Terms, By Country, 2013–2020
Table 6:
Imports, In Value Terms, By Country, 2013–2020
Table 7:
Import Prices, By Country Of Origin, 2013–2020
Table 8:
Exports, In Physical Terms, By Country, 2013–2020
Table 9:
Exports, In Value Terms, By Country, 2013–2020
Table 10:
Export Prices, By Country Of Destination, 2013–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2020
Figure 2:
Market Value, 2013–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2020
Figure 5:
Trade Balance, In Physical Terms, 2013–2020
Figure 6:
Trade Balance, In Value Terms, 2013–2020
Figure 7:
Per Capita Consumption, 2013–2020
Figure 8:
Market Forecast To 2030
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, 2013–2020
Figure 21:
Production, In Value Terms, 2013–2020
Figure 22:
Imports, In Physical Terms, 2013–2020
Figure 23:
Imports, In Value Terms, 2013–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2013–2020
Figure 26:
Imports, In Value Terms, By Country, 2013–2020
Figure 27:
Import Prices, By Country Of Origin, 2013–2020
Figure 28:
Exports, In Physical Terms, 2013–2020
Figure 29:
Exports, In Value Terms, 2013–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2013–2020
Figure 32:
Exports, In Value Terms, By Country, 2013–2020
Figure 33:
Export Prices, By Country Of Destination, 2013–2020

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