Main Battle Tank Market 2019 | Top Countries Data with Market Size, Types, Applications, and Revenue Forecast – Industry

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Main Battle Tank

The comprehensive study of “Main Battle Tank Market” report provides deep idea into the market dynamics & overall development of the industry. The report covers growth prospect, current information, market risks involved, cost structure & several other vital information is included in the Main Battle Tank industry report. The latest market study on the Main Battle Tank Market applies the best primary and secondary research techniques to bring the growth rate up to 2024.

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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.
  • Scope of the Report:

  • The report includes the procurement of new MBTs as well as the upgrade of the existing battle tanks.
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    Main Battle Tank Market by Key Players:

  • 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
  • Reasons to Buy Main Battle Tank Market Report:

    • In-depth analysis of the market on the global and regional level.
    • Major changes in market dynamics and competitive landscape.
    • Segmentation on the basis of type, application, geography and others.
    • Historical and future market research in terms of size, share, growth, volume & sales.
    • Major changes and assessment in market dynamics & developments.
    • Industry size & share analysis with industry growth and trends.
    • Emerging key segments and regions
    • Key business strategies by major market players and their key methods.
    • The research report covers size, share, trends and growth analysis of the Main Battle Tank Market on the global and regional level.

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    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.

    Detailed TOC of Main Battle Tank Market Report

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