Market Forecast by Countries (United States, Canada), By Application (Cargo/logistics, Troop, Utility), By Axle (4x4, 6x6, 8x8, Others), By Propulsion Type (Electric, Gasoline, Diesel) And Competitive Landscape
Product Code: ETC4623682 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | North America Military Truck Market |
Forecast period | 2025-2031 |
CAGR | 3.9% |
Growing Sector | Defence |
The North America Military Truck Market Report thoroughly covers the market by Countries, Application, Axle and Propulsion Type. The North America Military Truck Market Outlook report provides an unbiased and detailed analysis of the ongoing North America Military Truck Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The North America Military Truck market is witnessing growth due to the increase in demand for cutting-edge military vehicles. Moreover, the rising defense spending and technological developments involving vehicle features such as improved durability along with better fuel efficiency are boosting market growth. Key players are spending on research and development, to bring in advanced solutions. In addition to this, increase in demand for eco-friendly military vehicles with lesser fuel consumption is expected to drive the growth of the market. Overall, the North America Military Truck market is growing well and has growth potential.
According to 6Wresearch, the North America Military Truck Market is anticipated to grow at a CAGR of 3.9% during 2025-2031. One of the main drivers of the North America Military Truck Market is the rising demand for advanced military vehicles, as countries continue to upgrade their armoured vehicle fleet through acquiring modern and technologically advanced systems that provide superior combat readiness with enhanced operational efficiency. In addition, rising defence budgets in the region are prompting for more sophisticated and adaptable trucks for use under a multitude of terrains along with different conditions of operations.
Furthermore, improvements in vehicle design and engineering have resulted in the development of enhanced military trucks that deliver better durability, performance and safety helping them to become key assets for different terrains as well as missions. Moreover, increasing emphasis on green & fuel-efficient military vehicles has been boosting the deployment of new era trucks that are being constructed to conform with rigorous environmental standards without compromising in performance.
However, the North America Military Truck market faces many challenges that hinder its growth. One of the major challenges is the expensive nature of advanced technology integration, which squeezes defense budgets, forcing streamlined spending measures. In addition, strict regulations and compliance criteria generate a challenging environment for manufacturers which frequently result in longer development to deployment times. Furthermore, the market also faces supply chain disruptions from global geo-political tensions and pandemics that can lead to delaying critical deliveries thereby impacting operational readiness. Moreover, the growing demand for sustainability and reduced environmental footprint is a challenge of balancing performance with eco-friendly practices.
Some of the key players operating in North America Military Truck include General Dynamics Corporation, Oshkosh Defense LLC, BAE Systems plc, Navistar International Corporation, and AM General LLC. The companies have a strong presence in the North American market and have a wide range of products in their portfolio and cater to various defense needs such as armoured transport vehicles, tactical trucks, and logistics support vehicles.
North American governments have a significant impact on the growth of the Military Truck market through several initiatives. One notable initiative is the funds provided by the U.S. Department of Defense to upgrade old military automotive fleets and increase their serviceability & safety. In addition, Canada has implemented the defense policy Strong, Secure, Engaged (SSE), aimed at informing a full-scale renovation of its land combat capabilities that includes acquiring new military vehicles. Furthermore, the U.S. government has launched its Next-Generation Combat Vehicle (NGCV) program that emphasizes hybrid-electric powertrains in order to double fuel economy and reduce enviromental impact.
The North America Military Truck market is poised to experience growth in the coming years. Rise in need of advanced military vehicles is driving the growth of this market Additionally, increasing defense spending and emergence of new technology vehicle feature such as enhanced durability and better fuel efficiency are the factors aiding in market growth. Major Players are investing in research and development to introduce new solutions. In addition to this, increase in demand for military vehicles with less fuel consumption and environmentally friendly is propelling the growth of the market. Overall, the future of the North America Military Truck market looks promising, with many opportunities for growth and development.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States segment is the dominant segment in the industry and will continue to grow in the coming years. This expansion is due to the US government's heavy defense spending and major ongoing upgrade projects of its army.
Based on Application, the cargo/logistics segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the growing need for effective and safe transportation of materials & equipment during military operations. In addition, military trucks with GPS tracking and real-time monitoring systems are necessary to secure unobstructed logistics support for ground troops.
On the basis of Axle, the 8x8 segment is the leading segment in the industry and will continue to grow in the coming years. This can be attributed to the high payload capacity and off-road performance, makes them suitable for many military applications. Furthermore, the advancements in technology made these trucks much more efficient and flexible, which has also been spurring their demand.
In terms of Propulsion Type, the diesel segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to high torque and power of diesel engines which are best suited for military operations that require heavy weight tasks. Also, improvements in diesel engine technology have made them more efficient and cleaner.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Military Truck Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Military Truck Market Revenues & Volume, 2021 & 2031F |
3.3 North America Military Truck Market - Industry Life Cycle |
3.4 North America Military Truck Market - Porter's Five Forces |
3.5 North America Military Truck Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Military Truck Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 North America Military Truck Market Revenues & Volume Share, By Axle, 2021 & 2031F |
3.8 North America Military Truck Market Revenues & Volume Share, By Propulsion Type, 2021 & 2031F |
4 North America Military Truck Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Military Truck Market Trends |
6 North America Military Truck Market, 2021 - 2031 |
6.1 North America Military Truck Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2 North America Military Truck Market, Revenues & Volume, By Axle, 2021 - 2031 |
6.3 North America Military Truck Market, Revenues & Volume, By Propulsion Type, 2021 - 2031 |
7 United States Military Truck Market, 2021 - 2031 |
7.1 United States Military Truck Market, Revenues & Volume, By Application, 2021 - 2031 |
7.2 United States Military Truck Market, Revenues & Volume, By Axle, 2021 - 2031 |
7.3 United States Military Truck Market, Revenues & Volume, By Propulsion Type, 2021 - 2031 |
8 Canada Military Truck Market, 2021 - 2031 |
8.1 Canada Military Truck Market, Revenues & Volume, By Application, 2021 - 2031 |
8.2 Canada Military Truck Market, Revenues & Volume, By Axle, 2021 - 2031 |
8.3 Canada Military Truck Market, Revenues & Volume, By Propulsion Type, 2021 - 2031 |
9 North America Military Truck Market Key Performance Indicators |
10 North America Military Truck Market - Opportunity Assessment |
10.1 North America Military Truck Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Military Truck Market Opportunity Assessment, By Application, 2021 & 2031F |
10.3 North America Military Truck Market Opportunity Assessment, By Axle, 2021 & 2031F |
10.4 North America Military Truck Market Opportunity Assessment, By Propulsion Type, 2021 & 2031F |
11 North America Military Truck Market - Competitive Landscape |
11.1 North America Military Truck Market Revenue Share, By Companies, 2024 |
11.2 North America Military Truck Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |