

The global Tracked Armoured Vehicle market size is predicted to grow from US$ 11710 million in 2025 to US$ 14590 million in 2031; it is expected to grow at a CAGR of 3.7% from 2025 to 2031.
The global tracked armored vehicle market was experiencing steady growth. Tracked armored vehicles are used for various military and defense purposes, including combat, reconnaissance, and transportation.
The market for tracked armored vehicles is driven by factors such as increasing defense budgets of several countries, rising geopolitical tensions, modernization programs, and the need for advanced military equipment. Additionally, advancements in technology have led to the development of more advanced and efficient tracked armored vehicles with enhanced capabilities.
Major manufacturers and suppliers in the tracked armored vehicle market include General Dynamics Corporation, BAE Systems plc, Rheinmetall AG, and Oshkosh Corporation, among others. These companies are continuously investing in research and development activities to enhance their product offerings and stay competitive in the market.
The “Tracked Armoured Vehicle Industry Forecast” looks at past sales and reviews total world Tracked Armoured Vehicle sales in 2024, providing a comprehensive analysis by region and market sector of projected Tracked Armoured Vehicle sales for 2025 through 2031. With Tracked Armoured Vehicle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tracked Armoured Vehicle industry.
This Insight Report provides a comprehensive analysis of the global Tracked Armoured Vehicle landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tracked Armoured Vehicle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Tracked Armoured Vehicle market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tracked Armoured Vehicle and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tracked Armoured Vehicle.
This report presents a comprehensive overview, market shares, and growth opportunities of Tracked Armoured Vehicle market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Medium Duty Tracked Armoured Vehicle
Heavy Duty Tracked Armoured Vehicle
Segmentation by Application:
Transport
Investigation
Rescue
Communication
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
VOP CZ, sp
BAE Systems
KMW
Kurganmashzavod
Lockheed Martin
Textron Inc
Uralvagonzavod
Rheinmetall Defence
FNSS
General Dynamics
Norinco
Oshkosh Corporation
Key Questions Addressed in this Report
What is the 10-year outlook for the global Tracked Armoured Vehicle market?
What factors are driving Tracked Armoured Vehicle market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tracked Armoured Vehicle market opportunities vary by end market size?
How does Tracked Armoured Vehicle break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Tracked Armoured Vehicle Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Tracked Armoured Vehicle by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Tracked Armoured Vehicle by Country/Region, 2020, 2024 & 2031
2.2 Tracked Armoured Vehicle Segment by Type
2.2.1 Medium Duty Tracked Armoured Vehicle
2.2.2 Heavy Duty Tracked Armoured Vehicle
2.3 Tracked Armoured Vehicle Sales by Type
2.3.1 Global Tracked Armoured Vehicle Sales Market Share by Type (2020-2025)
2.3.2 Global Tracked Armoured Vehicle Revenue and Market Share by Type (2020-2025)
2.3.3 Global Tracked Armoured Vehicle Sale Price by Type (2020-2025)
2.4 Tracked Armoured Vehicle Segment by Application
2.4.1 Transport
2.4.2 Investigation
2.4.3 Rescue
2.4.4 Communication
2.4.5 Others
2.5 Tracked Armoured Vehicle Sales by Application
2.5.1 Global Tracked Armoured Vehicle Sale Market Share by Application (2020-2025)
2.5.2 Global Tracked Armoured Vehicle Revenue and Market Share by Application (2020-2025)
2.5.3 Global Tracked Armoured Vehicle Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Tracked Armoured Vehicle Breakdown Data by Company
3.1.1 Global Tracked Armoured Vehicle Annual Sales by Company (2020-2025)
3.1.2 Global Tracked Armoured Vehicle Sales Market Share by Company (2020-2025)
3.2 Global Tracked Armoured Vehicle Annual Revenue by Company (2020-2025)
3.2.1 Global Tracked Armoured Vehicle Revenue by Company (2020-2025)
3.2.2 Global Tracked Armoured Vehicle Revenue Market Share by Company (2020-2025)
3.3 Global Tracked Armoured Vehicle Sale Price by Company
3.4 Key Manufacturers Tracked Armoured Vehicle Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Tracked Armoured Vehicle Product Location Distribution
3.4.2 Players Tracked Armoured Vehicle Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Tracked Armoured Vehicle by Geographic Region
4.1 World Historic Tracked Armoured Vehicle Market Size by Geographic Region (2020-2025)
4.1.1 Global Tracked Armoured Vehicle Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Tracked Armoured Vehicle Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Tracked Armoured Vehicle Market Size by Country/Region (2020-2025)
4.2.1 Global Tracked Armoured Vehicle Annual Sales by Country/Region (2020-2025)
4.2.2 Global Tracked Armoured Vehicle Annual Revenue by Country/Region (2020-2025)
4.3 Americas Tracked Armoured Vehicle Sales Growth
4.4 APAC Tracked Armoured Vehicle Sales Growth
4.5 Europe Tracked Armoured Vehicle Sales Growth
4.6 Middle East & Africa Tracked Armoured Vehicle Sales Growth
5 Americas
5.1 Americas Tracked Armoured Vehicle Sales by Country
5.1.1 Americas Tracked Armoured Vehicle Sales by Country (2020-2025)
5.1.2 Americas Tracked Armoured Vehicle Revenue by Country (2020-2025)
5.2 Americas Tracked Armoured Vehicle Sales by Type (2020-2025)
5.3 Americas Tracked Armoured Vehicle Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Tracked Armoured Vehicle Sales by Region
6.1.1 APAC Tracked Armoured Vehicle Sales by Region (2020-2025)
6.1.2 APAC Tracked Armoured Vehicle Revenue by Region (2020-2025)
6.2 APAC Tracked Armoured Vehicle Sales by Type (2020-2025)
6.3 APAC Tracked Armoured Vehicle Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Tracked Armoured Vehicle by Country
7.1.1 Europe Tracked Armoured Vehicle Sales by Country (2020-2025)
7.1.2 Europe Tracked Armoured Vehicle Revenue by Country (2020-2025)
7.2 Europe Tracked Armoured Vehicle Sales by Type (2020-2025)
7.3 Europe Tracked Armoured Vehicle Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Tracked Armoured Vehicle by Country
8.1.1 Middle East & Africa Tracked Armoured Vehicle Sales by Country (2020-2025)
8.1.2 Middle East & Africa Tracked Armoured Vehicle Revenue by Country (2020-2025)
8.2 Middle East & Africa Tracked Armoured Vehicle Sales by Type (2020-2025)
8.3 Middle East & Africa Tracked Armoured Vehicle Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Tracked Armoured Vehicle
10.3 Manufacturing Process Analysis of Tracked Armoured Vehicle
10.4 Industry Chain Structure of Tracked Armoured Vehicle
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Tracked Armoured Vehicle Distributors
11.3 Tracked Armoured Vehicle Customer
12 World Forecast Review for Tracked Armoured Vehicle by Geographic Region
12.1 Global Tracked Armoured Vehicle Market Size Forecast by Region
12.1.1 Global Tracked Armoured Vehicle Forecast by Region (2026-2031)
12.1.2 Global Tracked Armoured Vehicle Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Tracked Armoured Vehicle Forecast by Type (2026-2031)
12.7 Global Tracked Armoured Vehicle Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 VOP CZ, sp
13.1.1 VOP CZ, sp Company Information
13.1.2 VOP CZ, sp Tracked Armoured Vehicle Product Portfolios and Specifications
13.1.3 VOP CZ, sp Tracked Armoured Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 VOP CZ, sp Main Business Overview
13.1.5 VOP CZ, sp Latest Developments
13.2 BAE Systems
13.2.1 BAE Systems Company Information
13.2.2 BAE Systems Tracked Armoured Vehicle Product Portfolios and Specifications
13.2.3 BAE Systems Tracked Armoured Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 BAE Systems Main Business Overview
13.2.5 BAE Systems Latest Developments
13.3 KMW
13.3.1 KMW Company Information
13.3.2 KMW Tracked Armoured Vehicle Product Portfolios and Specifications
13.3.3 KMW Tracked Armoured Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 KMW Main Business Overview
13.3.5 KMW Latest Developments
13.4 Kurganmashzavod
13.4.1 Kurganmashzavod Company Information
13.4.2 Kurganmashzavod Tracked Armoured Vehicle Product Portfolios and Specifications
13.4.3 Kurganmashzavod Tracked Armoured Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Kurganmashzavod Main Business Overview
13.4.5 Kurganmashzavod Latest Developments
13.5 Lockheed Martin
13.5.1 Lockheed Martin Company Information
13.5.2 Lockheed Martin Tracked Armoured Vehicle Product Portfolios and Specifications
13.5.3 Lockheed Martin Tracked Armoured Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Lockheed Martin Main Business Overview
13.5.5 Lockheed Martin Latest Developments
13.6 Textron Inc
13.6.1 Textron Inc Company Information
13.6.2 Textron Inc Tracked Armoured Vehicle Product Portfolios and Specifications
13.6.3 Textron Inc Tracked Armoured Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Textron Inc Main Business Overview
13.6.5 Textron Inc Latest Developments
13.7 Uralvagonzavod
13.7.1 Uralvagonzavod Company Information
13.7.2 Uralvagonzavod Tracked Armoured Vehicle Product Portfolios and Specifications
13.7.3 Uralvagonzavod Tracked Armoured Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Uralvagonzavod Main Business Overview
13.7.5 Uralvagonzavod Latest Developments
13.8 Rheinmetall Defence
13.8.1 Rheinmetall Defence Company Information
13.8.2 Rheinmetall Defence Tracked Armoured Vehicle Product Portfolios and Specifications
13.8.3 Rheinmetall Defence Tracked Armoured Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Rheinmetall Defence Main Business Overview
13.8.5 Rheinmetall Defence Latest Developments
13.9 FNSS
13.9.1 FNSS Company Information
13.9.2 FNSS Tracked Armoured Vehicle Product Portfolios and Specifications
13.9.3 FNSS Tracked Armoured Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 FNSS Main Business Overview
13.9.5 FNSS Latest Developments
13.10 General Dynamics
13.10.1 General Dynamics Company Information
13.10.2 General Dynamics Tracked Armoured Vehicle Product Portfolios and Specifications
13.10.3 General Dynamics Tracked Armoured Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 General Dynamics Main Business Overview
13.10.5 General Dynamics Latest Developments
13.11 Norinco
13.11.1 Norinco Company Information
13.11.2 Norinco Tracked Armoured Vehicle Product Portfolios and Specifications
13.11.3 Norinco Tracked Armoured Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Norinco Main Business Overview
13.11.5 Norinco Latest Developments
13.12 Oshkosh Corporation
13.12.1 Oshkosh Corporation Company Information
13.12.2 Oshkosh Corporation Tracked Armoured Vehicle Product Portfolios and Specifications
13.12.3 Oshkosh Corporation Tracked Armoured Vehicle Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Oshkosh Corporation Main Business Overview
13.12.5 Oshkosh Corporation Latest Developments
14 Research Findings and Conclusion
*If Applicable.