The report provides an overview of the “Main Battle Tank Market” industry including definitions, division, key vendors, key Development and market challenges. The Main Battle Tank Market analysis is provided the international markets including development trends, competitive landscape analysis, and key regions development status
Through the statistical analysis, the report depicts the global Main Battle Tank Market including capacity, production, production value, cost/profit, supply/demand and import/export. The entire market is further distributed by company, by country, and by application/type for the competitive landscape analysis.
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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, , 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.
The Main Battle Tank Market report also presents the vendor countryside and a corresponding detailed analysis of the major vendors operating in the market. Main Battle Tank Market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
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 , 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 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, 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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- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Study on product type and application expected to dominate the market.
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Detailed Table of Content of Global Main Battle Tank Market – Growth, Trends, Forecast and Challenges (2019 – 2024)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of Main Battle Tank Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of Main Battle Tank Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global Main Battle Tank Market Segmentation, By Capacity
7. Global Main Battle Tank Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global Main Battle Tank Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of Main Battle Tank Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
10.3 Company 3
And Many More….
No. of Pages: – 106
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