Military Truck Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Light Duty, Medium Duty, Heavy Duty), By Propulsion (ICE, Electric), By Transmission Type (Automatic, Semi-Automatic, Manual), By Axle (4×4, 6×6, 8×8, Others), and By Region

Abstract
The global military truck market size is anticipated to witness steady growth in the forecast period, 2023-2027. Massive demand for military trucks for transportation purposes, technological advancements, and the launch of customized trucks are the primary drivers for the global military truck market. Also, the growing defense expenditure from the developing countries and the rise in the recruitment of the army personnel by leading authorities to enhance the border security are expected to propel the global military truck market growth over the next five years.
Rise in the Defense Expenditure Boosts the Market Growth
In 2021, the world military expenditure reached $2,113 billion claimed to a report by Stockholm International Peace Research Institute (SIPRI) which conducted research on conflicts, armaments, disarmament, and arms control. The defense spending increased by 0.7 percent in 2021 in real terms, and the major focus of countries was on research and development activities. The five largest spending countries in 2021 were the United States, China, India, the United Kingdom, and Russia. Countries are focusing on enhancing border security and preventing people engulfed in illegal activities from entering the country’s border. Also, the rise in cross-border issues and domestic conflicts between the countries have increased the demand for advanced weapons, equipment, and technology to be used by defense personnel. Tensions at the India-China border, India-Pakistan border, Ukraine, Russia, and other countries are increasing at a rapid rate which is making the leading authorities take measures to provide security to its citizens. Military trucks play a crucial role during combat situations. They transport cargo, military personnel, and other important weapons and equipment to the desired locations due to their high weight carrying capacity. Massive applications and growing defense spending is expected to fuel the demand for the global military truck market over the next five years.
Military Modernization Programs Supports the High Market Demand in the Forecast Period
Countries have increased their defense expenditure and are rapidly adopting advanced technologies and solutions to increase the defense capabilities of their countries. The changing warfare technologies and development of next-generation technologies have enhanced the performance of weapons, equipment, and systems. Market players are focusing on the research and development activities to upgrade the existing structure of the military trucks and improve their fuel efficiency and load-carrying capacity. They are introducing electric-hybrid electric vehicles to lower carbon emissions and increase the military personnel's flexibility. Recently, Oshkosh Defense launched an electric-hybrid version of its military truck and named it eJLTV, which stands for electric Joint Light Tactical Vehicle. The new version is expected to perform similarly to its previous version, along with additional features like silent-drive mode, improved fuel economy, and increased exportable power capability. Therefore, advancements in technology and the growing focus of government to replace the existing versions of the military trucks are expected to propel the global military truck market demand over the forecast period.

Market Segmentation
The global military truck market is segmented into type, propulsion, transmission type, axle, regional distribution, and Competitive Landscape. Based on type, the market is divided into light duty, medium duty, and heavy duty. Based on propulsion, the market is bifurcated into ICE and electric. Based on transmission type, the market is divided into automatic, semi-automatic, and manual. Based on axle, the market is divided into 4×4, 6×6, 8×8, and others. To analyze the market based on the region, the global military truck market is studied in major regions namely North America, Asia-pacific, Europe & CIS, South America, Middle East and Africa. In terms of country, the United States is anticipated to hold a significant market share in the forecast period due to the presence of major market players and the adoption of advanced technologies in the manufacturing process.
Market Players
IVECO S.p.A., Rheinmetall AG, Textron Inc., TATRA TRUCKS A.S., Mitsubishi Heavy Industries, Mercedes-Benz AG, Krauss-Maffei Wegmann, Oshkosh Corporation Inc., General Dynamics, Tata Motors, are the major market players operating in the global military truck market.

Report Scope:
In this report, global military truck market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Military Truck Market, By Type:
oLight Duty
oMedium Duty
oHeavy Duty
•Military Truck Market, By Propulsion:
oICE
oElectric
•Military Truck Market, By Transmission Type:
oAutomatic
oSemi-Automatic
oManual
•Military Truck Market, By Axle:
o4×4
o6×6
o8×8
oOthers
•Military Truck Market, By Region:
oNorth America
United States
Canada
Mexico
oAsia-Pacific
China
India
Japan
Thailand
Indonesia
Australia
South Korea
oEurope & CIS
Germany
France
United Kingdom
Spain
Italy
Netherlands
Russia
Poland
oSouth America
Brazil
Argentina
oMiddle East & Africa
Saudi Arabia
Iran
Israel
UAE
Turkey
Competitive Landscape

Competitive Landscape Detailed analysis of the major companies present in global military truck market.

Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
•Detailed analysis and profiling of additional market players (up to five).

Content
Table of Contents

1.Product Overview
2.Research Methodology
3.Executive Summary
4.Impact of COVID-19 on Global Military Truck Market
5.Global Military Truck Market Outlook
5.1.Market Size & Forecast
5.1.1.By Value & Volume
5.2.Market Share & Forecast
5.2.1.By Type (Light Duty, Medium Duty, Heavy Duty)
5.2.2.By Propulsion (ICE, Electric)
5.2.3.By Transmission Type (Automatic, Semi-Automatic, Manual)
5.2.4.By Axle (4×4, 6×6, 8×8, Others)
5.2.5.By Region (North America; Europe & CIS; Asia Pacific; South America and Middle East & Africa)
5.2.6.By Company (2021)
5.3.Product Market Map (By Type, By Region)
6.North America Military Truck Market Outlook
6.1.Market Size & Forecast
6.1.1.By Value & Volume
6.2.Market Share & Forecast
6.2.1.By Type
6.2.2.By Propulsion
6.2.3.By Transmission Type
6.2.4.By Axle
6.2.5.By Country (United States; Canada; Mexico)
6.3.Product Market Map (By Type, By Country)
6.4.North America: Country Analysis
6.4.1.United States Military Truck Market Outlook
6.4.1.1.Market Size & Forecast
6.4.1.1.1.By Value & Volume
6.4.1.2.Market Share & Forecast
6.4.1.2.1.By Type
6.4.1.2.2.By Propulsion
6.4.1.2.3.By Transmission Type
6.4.1.2.4.By Axle
6.4.2.Canada Military Truck Market Outlook
6.4.2.1.Market Size & Forecast
6.4.2.1.1.By Value & Volume
6.4.2.2.Market Share & Forecast
6.4.2.2.1.By Type
6.4.2.2.2.By Propulsion
6.4.2.2.3.By Transmission Type
6.4.2.2.4.By Axle
6.4.3.Mexico Military Truck Market Outlook
6.4.3.1.Market Size & Forecast
6.4.3.1.1.By Value & Volume
6.4.3.2.Market Share & Forecast
6.4.3.2.1.By Type
6.4.3.2.2.By Propulsion
6.4.3.2.3.By Transmission Type
6.4.3.2.4.By Axle
7.Asia Pacific Military Truck Market Outlook
7.1.Market Size & Forecast
7.1.1.By Value & Volume
7.2.Market Share & Forecast
7.2.1.By Type
7.2.2.By Propulsion
7.2.3.By Transmission Type
7.2.4.By Axle
7.2.5.By Country (China, India, Japan, Thailand, Indonesia, Australia, South Korea)
7.2.6.Product Market Map (By Type, By Country)
7.3.Asia Pacific: Country Analysis
7.3.1.China Military Truck Market Outlook
7.3.1.1.Market Size & Forecast
7.3.1.1.1.By Value & Volume
7.3.1.2.Market Share & Forecast
7.3.1.2.1.By Type
7.3.1.2.2.By Propulsion
7.3.1.2.3.By Transmission Type
7.3.1.2.4.By Axle
7.3.2.India Military Truck Market Outlook
7.3.2.1.Market Size & Forecast
7.3.2.1.1.By Value & Volume
7.3.2.2.Market Share & Forecast
7.3.2.2.1.By Type
7.3.2.2.2.By Propulsion
7.3.2.2.3.By Transmission Type
7.3.2.2.4.By Axle
7.3.3.Japan Military Truck Market Outlook
7.3.3.1.Market Size & Forecast
7.3.3.1.1.By Value & Volume
7.3.3.2.Market Share & Forecast
7.3.3.2.1.By Type
7.3.3.2.2.By Propulsion
7.3.3.2.3.By Transmission Type
7.3.3.2.4.By Axle
7.3.4.Thailand Military Truck Market Outlook
7.3.4.1.Market Size & Forecast
7.3.4.1.1.By Value & Volume
7.3.4.2.Market Share & Forecast
7.3.4.2.1.By Type
7.3.4.2.2.By Propulsion
7.3.4.2.3.By Transmission Type
7.3.4.2.4.By Axle
7.3.5.Indonesia Military Truck Market Outlook
7.3.5.1.Market Size & Forecast
7.3.5.1.1.By Value & Volume
7.3.5.2.Market Share & Forecast
7.3.5.2.1.By Type
7.3.5.2.2.By Propulsion
7.3.5.2.3.By Transmission Type
7.3.5.2.4.By Axle
7.3.6.Australia Military Truck Market Outlook
7.3.6.1.Market Size & Forecast
7.3.6.1.1.By Value & Volume
7.3.6.2.Market Share & Forecast
7.3.6.2.1.By Type
7.3.6.2.2.By Propulsion
7.3.6.2.3.By Transmission Type
7.3.6.2.4.By Axle
7.3.7.South Korea Military Truck Market Outlook
7.3.7.1.Market Size & Forecast
7.3.7.1.1.By Value & Volume
7.3.7.2.Market Share & Forecast
7.3.7.2.1.By Type
7.3.7.2.2.By Propulsion
7.3.7.2.3.By Transmission Type
7.3.7.2.4.By Axle
8.Europe & CIS Military Truck Market Outlook
8.1.Market Size & Forecast
8.1.1.By Value & Volume
8.2.Market Share & Forecast
8.2.1.By Type
8.2.2.By Propulsion
8.2.3.By Transmission Type
8.2.4.By Axle
8.2.5.By Country (Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland)
8.3.Product Market Map (By Type, By Country)
8.4.Europe & CIS: Country Analysis
8.4.1.Germany Military Truck Market Outlook
8.4.1.1.Market Size & Forecast
8.4.1.1.1.By Value & Volume
8.4.1.2.Market Share & Forecast
8.4.1.2.1.By Type
8.4.1.2.2.By Propulsion
8.4.1.2.3.By Transmission Type
8.4.1.2.4.By Axle
8.4.2.France Military Truck Market Outlook
8.4.2.1.Market Size & Forecast
8.4.2.1.1.By Value & Volume
8.4.2.2.Market Share & Forecast
8.4.2.2.1.By Type
8.4.2.2.2.By Propulsion
8.4.2.2.3.By Transmission Type
8.4.2.2.4.By Axle
8.4.3.United Kingdom Military Truck Market Outlook
8.4.3.1.Market Size & Forecast
8.4.3.1.1.By Value & Volume
8.4.3.2.Market Share & Forecast
8.4.3.2.1.By Type
8.4.3.2.2.By Propulsion
8.4.3.2.3.By Transmission Type
8.4.3.2.4.By Axle
8.4.4.Spain Military Truck Market Outlook
8.4.4.1.Market Size & Forecast
8.4.4.1.1.By Value & Volume
8.4.4.2.Market Share & Forecast
8.4.4.2.1.By Type
8.4.4.2.2.By Propulsion
8.4.4.2.3.By Transmission Type
8.4.4.2.4.By Axle
8.4.5.Italy Military Truck Market Outlook
8.4.5.1.Market Size & Forecast
8.4.5.1.1.By Value & Volume
8.4.5.2.Market Share & Forecast
8.4.5.2.1.By Type
8.4.5.2.2.By Propulsion
8.4.5.2.3.By Transmission Type
8.4.5.2.4.By Axle
8.4.6.Netherlands Military Truck Market Outlook
8.4.6.1.Market Size & Forecast
8.4.6.1.1.By Value & Volume
8.4.6.2.Market Share & Forecast
8.4.6.2.1.By Type
8.4.6.2.2.By Propulsion
8.4.6.2.3.By Transmission Type
8.4.6.2.4.By Axle
8.4.7.Russia Military Truck Market Outlook
8.4.7.1.Market Size & Forecast
8.4.7.1.1.By Value & Volume
8.4.7.2.Market Share & Forecast
8.4.7.2.1.By Type
8.4.7.2.2.By Propulsion
8.4.7.2.3.By Transmission Type
8.4.7.2.4.By Axle
8.4.8.Poland Military Truck Market Outlook
8.4.8.1.Market Size & Forecast
8.4.8.1.1.By Value & Volume
8.4.8.2.Market Share & Forecast
8.4.8.2.1.By Type
8.4.8.2.2.By Propulsion
8.4.8.2.3.By Transmission Type
8.4.8.2.4.By Axle
9.South America Military Truck Market Outlook
9.1.Market Size & Forecast
9.1.1.By Value & Volume
9.2.Market Share & Forecast
9.2.1.By Type
9.2.2.By Propulsion
9.2.3.By Transmission Type
9.2.4.By Axle
9.2.5.By Country (Brazil, Argentina)
9.3.Product Market Map (By Type, By Country)
9.4.South America: Country Analysis
9.4.1.Brazil Military Truck Market Outlook
9.4.1.1.Market Size & Forecast
9.4.1.1.1.By Value & Volume
9.4.1.2.Market Share & Forecast
9.4.1.2.1.By Type
9.4.1.2.2.By Propulsion
9.4.1.2.3.By Transmission Type
9.4.1.2.4.By Axle
9.4.2.Argentina Military Truck Market Outlook
9.4.2.1.Market Size & Forecast
9.4.2.1.1.By Value & Volume
9.4.2.2.Market Share & Forecast
9.4.2.2.1.By Type
9.4.2.2.2.By Propulsion
9.4.2.2.3.By Transmission Type
9.4.2.2.4.By Axle
10.Middle East and Africa Military Truck Market Outlook
10.1.Market Size & Forecast
10.1.1.By Value & Volume
10.2.Market Share & Forecast
10.2.1.By Type
10.2.2.By Propulsion
10.2.3.By Transmission Type
10.2.4.By Axle
10.2.5.By Country (Saudi Arabia, Iran, Israel, UAE, Turkey)
10.3.Product Market Map (By Type, By Country)
10.4.Middle East and Africa: Country Analysis
10.4.1.Iran Military Truck Market Outlook
10.4.1.1.Market Size & Forecast
10.4.1.1.1.By Value & Volume
10.4.1.2.Market Share & Forecast
10.4.1.2.1.By Type
10.4.1.2.2.By Propulsion
10.4.1.2.3.By Transmission Type
10.4.1.2.4.By Axle
10.4.2.Saudi Arabia Military Truck Market Outlook
10.4.2.1.Market Size & Forecast
10.4.2.1.1.By Value & Volume
10.4.2.2.Market Share & Forecast
10.4.2.2.1.By Type
10.4.2.2.2.By Propulsion
10.4.2.2.3.By Transmission Type
10.4.2.2.4.By Axle
10.4.3.UAE Military Truck Market Outlook
10.4.3.1.Market Size & Forecast
10.4.3.1.1.By Value & Volume
10.4.3.2.Market Share & Forecast
10.4.3.2.1.By Type
10.4.3.2.2.By Propulsion
10.4.3.2.3.By Transmission Type
10.4.3.2.4.By Axle
10.4.4.Israel Military Truck Market Outlook
10.4.4.1.Market Size & Forecast
10.4.4.1.1.By Value & Volume
10.4.4.2.Market Share & Forecast
10.4.4.2.1.By Type
10.4.4.2.2.By Propulsion
10.4.4.2.3.By Transmission Type
10.4.4.2.4.By Axle
10.4.5.Turkey Military Truck Market Outlook
10.4.5.1.Market Size & Forecast
10.4.5.1.1.By Value & Volume
10.4.5.2.Market Share & Forecast
10.4.5.2.1.By Type
10.4.5.2.2.By Propulsion
10.4.5.2.3.By Transmission Type
10.4.5.2.4.By Axle
11.Market Dynamics
11.1.Drivers
11.2.Challenges
12.Market Trends and Developments
13.Competitive Landscape
13.1.Company Profiles (Partial List of Leading Companies)
13.1.1.IVECO S.p.A.
13.1.2.Rheinmetall AG
13.1.3.Textron Inc.
13.1.4.TATRA TRUCKS A.S.
13.1.5.Mitsubishi Heavy Industries
13.1.6.Mercedes-Benz AG
13.1.7.Krauss-Maffei Wegmann
13.1.8.Oshkosh Corporation Inc.
13.1.9.General Dynamics
13.1.10.Tata Motors
14.Strategic Recommendations