Main Battle Tank Market 2021-2024: Growth Drivers, Business Statistics, Top Region with Share, and Revenue Analysis

Main Battle Tank

The “Main Battle Tank Market” Report provides a thorough examination of the market. The Main Battle Tank Market research investigates how firms in the Main Battle Tank Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Main Battle Tank market report.

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Competitor Analysis:

Main Battle Tank market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • General Dynamics Corporation
  • BAE Systems plc
  • BMC
  • Hyundai Rotem
  • Nexter Systems
  • Rheinmetall AG
  • Krauss
  • Maffei Wegmann GmbH & Co. KG
  • Israel Military Industries
  • Mitsubishi Heavy Industries
  • Norinco
  • Defence Research And Development Organisation
  • Rostec

    Market Overview:

  • The Main Battle Tank market is expected to grow with a CAGR of over 3% during the forecast period (2019-2024).
  • – Procurements of Main Battle Tanks (MBTs) are expected to be high during the forecast period, as their necessity to the ground forces is becoming significantly more, in the wake of several border-related issues and other hostile activities involving the armies.
  • – Increasing investments in the MBTs is also due to the aging fleet of the MBTs. In this regard, countries are pouring down more investments into the procurements of newer generation MBTs to replace the older ones.
  • – The new versions of MBTs cost about 4-5 times less than the most western MBTs. Also, their low weight and reduced operating costs are influencing the procurement decisions of the militaries, to procure them in large quantities.
  • – The market is currently driven by the increasing procurements of tanks by various countries, like Hungary, Russia, Thailand, France, and Germany, among others. The demand is expected to be high, especially from these countries during the forecast period.

    Key Market Trends:

    Development of Newer Generation Main Battle Tanks to Drive the Market

    Many countries are developing advanced, newer generation main battle tanks to equip their militaries. Examples of battle tanks manufactured for certain countries include the T-90MS and T-14 Armata for Russia, M1A2 SEP V3 for the U.S., the Leopard 2A7 for Germany, the VT4 (MBT-3000) and Type 99 (ZTZ99) for China, the Challenger 2 “Black Night” for the UK, the Leclerc XLR for France, the “Leoclerc” EMBT for France and Germany, the Altay for Turkey, the K2 Black Panther for South Korea, the TAM 2IP for Argentina, the Type 10 for Japan, the Karrar for Iran and the Merkava IV Barak / Merkava IV M Windbreaker for Israel. Also, there are many plans to manufacture indigenous newer generation tanks by many countries like India, which is manufacturing the Arjun Tanks. Research is also in progress to develop and deploy unmanned battle tanks, from countries like Russia and China. All these next-generation battle tanks will cater to the modernization needs of the militaries, thereby helping the growth of the market in the years to come.

    Europe to be the Fastest Growing Market for Main Battle Tanks

    Unlike most countries which are focusing on the procurement of other types of armored vehicles excluding the main battle tanks, countries in Europe are focusing on the procurement of new main battle tanks and the modernization of their existing MBT fleet. Countries in the region, like France and Germany are collaborating together to produce the next generation MBTs. Also, Russia is adding thousands of MBTs to its fleet inventory. Demand will also be generated from countries like the United Kingdom, Italy, Finland, France, Germany, Croatia, Poland, Sweden, and Turkey in the years to come. All these factors are expected to help the growth of the region during the forecast period.

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    Scope of the Report:

    The report includes the procurement of new MBTs as well as the upgrade of the existing battle tanks.

    Highlighted points of Main Battle Tank Market Report:

    • Varying dynamics of the Main Battle Tank industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Main Battle Tank market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Main Battle Tank market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Main Battle Tank Market report:

    • The Main Battle Tank market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Main Battle Tank market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Main Battle Tank market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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    Detailed TOC of Main Battle Tank Market Report:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Industry Attractiveness – Porter’s Five Force Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5.1 Geography
    5.1.1 North America United States Canada
    5.1.2 Europe Germany United Kingdom France Rest of Europe
    5.1.3 Asia Pacific China Japan India South Korea Rest of Asia-Pacific
    5.1.4 Latin America Brazil Mexico Rest of Latin America
    5.1.5 Middle East and Africa United Arab Emirates Saudi Arabia Turkey Rest of Middle East and Africa

    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Vendor Market Share
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 General Dynamics Corporation
    6.4.2 BAE Systems plc
    6.4.3 BMC
    6.4.4 Hyundai Rotem
    6.4.5 Nexter Systems
    6.4.6 Rheinmetall AG
    6.4.7 Krauss-Maffei Wegmann GmbH & Co. KG
    6.4.8 Israel Military Industries
    6.4.9 Mitsubishi Heavy Industries
    6.4.10 Norinco
    6.4.11 Defence Research And Development Organisation
    6.4.12 Rostec


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