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Report Overview

The size of the Middle East and Africa 8X8 armoured vehicle market in 2023 was estimated at USD 996.03 Million and is expected to expand from 2024 to 2032 at a CAGR of 5.20%.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Compound Annual Growth Rate

Value in USD Million

5.2%

2024-2032


Middle East and Africa 8X8 Armoured Vehicle Market Outlook

*this image is indicative*

Middle East and Africa 8X8 Armoured Vehicle Market

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The 8X8 armoured vehicles can protect their occupants, thereby helping defence forces and home security departments protect their staff while engaging with terrorists, curbing community riots, and addressing other threats. Manufacturers have begun to embrace the latest technological trends and offer 8x8 armoured vehicles tailored to end-user specifications. For such vehicles ordered for commercial purposes and personal safety, some manufacturers also offer enhanced designs and customised functionality. Advances in technology have enabled manufacturers of 8X8 armoured vehicles to use composite material, a combination of stainless steel, galvanized steel, aluminium, and ceramic to enhance vehicle resistance to corrosion.

Middle East and Africa 8X8 Armoured Vehicle Market By Segments

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Market Segmentation

The industry can be divided on the basis of segments like application and product.

The industry can be broadly categorised on the basis of its application into:

  • Defence
  • Homeland Security
  • Commercial

The industry can be divided on the basis of its product as:

  • Armoured Personnel Carrier (APC)
  • Infantry Fighting Vehicle (IFV)
  • Light Protected Vehicle (LPV)
  • Main Battle Tank (MBT)
  • Mine-Resistant Ambush-Protected (MRAP)
  • Tactical Vehicle
  • Others

Market Breakup by Region:

  • Saudi Arabia
  • Iran
  • Egypt
  • South Africa
  • Turkey
  • Others

Market Analysis

The market is expected to be driven by the growing focus of the armed forces on protecting soldiers from all kinds of internal and external threats. High emphasis on countering rising criminal activities and cross-border terrorism by homeland security departments are expected to drive the industry growth further. Growing terrorist activities in some Middle East and Africa nations have triggered asymmetric warfare. At the same time, the departments of home security are becoming increasingly concerned about the growing riots and organised crimes in the community. These factors are driving the demand for armoured 8x8 trucks. On the other hand, the growing awareness of security and safety is also creating new opportunities in the region, especially among high-placed individuals.

Middle East and Africa 8X8 Armoured Vehicle Market By Region

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Competitive Landscape

The report presents a detailed analysis of the following key players in the Middle East and Africa 8X8 armoured vehicle market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • BAE Systems
  • General Dynamics European Land Systems
  • Iveco Defence Vehicles
  • Rheinmetall AG
  • International Armored Group
  • Krauss-Maffei Wegmann GmbH & Co.
  • Oshkosh Defense, LLC 
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The Middle East and Africa 8X8 armoured vehicle market reached a value of USD 996.03 Million in 2023.

The market is projected to grow at a CAGR of nearly 5.20% in the forecast period of 2024-2032.

The major drivers of the market include the rising disposable incomes, increasing population, rising advancements in technology, and the increasing demand from the defence sector.

The rising terrorist activities in some Middle East and Africa nations have triggered asymmetric warfare, acting as a key trend for the market.

Saudi Arabia, Iran, Egypt, South Africa, and Turkey are the leading regions in the market.

The major types of 8X8 armoured vehicle in the market are armoured personnel carrier (APC), infantry fighting vehicle (IFV), light protected vehicle (LPV), main battle tank (MBT), mine-resistant ambush-protected (MRAP), and tactical vehicle, among others.

The leading application segments in the market are defence, homeland security, and commercial.

The leading players in the market are BAE Systems, General Dynamics European Land Systems, Iveco Defence Vehicles, Rheinmetall AG, International Armored Group, Krauss-Maffei Wegmann GmbH & Co., Oshkosh Defense, LLC, and  Others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • Region
Breakup by Product
  • Armoured Personnel Carrier (APC)
  • Infantry Fighting Vehicle (IFV)
  • Light Protected Vehicle (LPV)
  • Main Battle Tank (MBT)
  • Mine-Resistant Ambush-Protected (MRAP)
  • Tactical Vehicle
  • Others
Breakup by Application
  • Defence
  • Homeland Security
  • Commercial
Breakup by Region
  • Saudi Arabia
  • Iran
  • Egypt
  • South Africa
  • Turkey
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BAE Systems
  • General Dynamics European Land Systems
  • Iveco Defence Vehicles
  • Rheinmetall AG
  • International Armored Group
  • Krauss-Maffei Wegmann GmbH & Co.
  • Oshkosh Defense, LLC 
  • Others
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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.
 

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124