Military Truck Market: An Emerging Market with Attractive Growth Opportunities
The Military Truck Market is projected to reach 20,171 units by 2027 from 15,677 units in 2019, at a CAGR of 3.2%. The growth of the market is driven by the increased number of army personnels, rise in the defense budget, and high demand for transportation of military equipment. The leading players in the military truck market are Oshkosh Corporation (US), Rheinmetall AG (Germany), IVECO S.p.A., (Italy), TATRA TRUCKS A.S., (Czech Republic), Arquus (France), Textron Inc., (US), General Dynamics (US), and Mitsubishi Heavy Industries (Japan) among others. These companies have developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth market. To know about the assumptions considered for the study download the pdf brochure Oshkosh Corporation (US) is a leading player in the military truck market. The subsidiary of the company, Oshkosh Defense, has been designi...