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A military truck is a rigid vehicle specially designed to transport troops, fuel, and military supplies to the battlefield through unpaved dirt roads & asphalted terrains. They possess off-road capabilities, adapt to conditions, and can be armored when required. Several new technologies are incorporated into it as per the requirement of the military.
Usually, these trucks consist of a chassis, a transmission, a motor, a cabin, an area for the placement of the load and the equipment or the personnel, axles of transmission, tires, electrical, pneumatic, hydraulic, suspensions, direction, engine cooling systems, and brakes. It can be operated with both gasoline engines and diesel engines, and there are four-wheel drive (4x4) vehicles, six-wheeled (6x6), eight-wheeled (8x8), ten-wheeled (10x10), and even twelve-wheeled vehicles (12x12).
The increasing deployment of military units in different locations and the growing military missions are increasing the demand for moving troops and supplies, hauling equipment to those areas, and recovering vehicles and weapon systems during such missions, driving the market growth. Moreover, the prevalence of geopolitical tensions and war-like situations among countries encourages them to increase and improve their defense system and structure. Growing military budgets is fueling the growth of the market. Several countries have increased their budget spending on military transportation and logistics, which is expected to drive the growth of the military trucks market during the forecast period.
High initial military investment in military trucks is a restraining factor. The government’s focus has shifted toward the healthcare sector because COVID-19 is also slowing down the growth. The defense agencies are partnering with automobile makers to advance the military trucks technologically.
During the COVID-19 pandemic, prominent OEMs saw a drop in the market growth of military trucks/heavy-duty trucks. The transportation industry was shut down, posing new problems for cargo and manufacturing companies to move their goods from one location to another. Severe disturbance in the global logistics & supply chain system during the pandemic caused a decline in the production of heavy-duty trucks. It impacted the truck components market, market dynamics, and market competition. On the other hand, the military trucks market will likely have better prospects throughout the projection period as Original Equipment Manufacturers (OEMs) attempt to restart production by investing heavily in the industry.
The report will cover the following key insights:
The market is analyzed by truck type into light, medium, and heavy. Heavy trucks can operate on almost all terrain such as off-road, mud, or snow in deep water. With a load-carrying capacity of 1,000 kg, it also can tow a weight of 3,000 kg. Manufacturers add protection from small arms fire, grenades, artillery shell splinters, and small anti-personnel mines in these military trucks. Versions of heavy tactical trucks by axle come in 8x8 and 10x10 configurations. Heavy military trucks are used for select applications, such as dumping, firefighting, tanker carriers, RMC, and disaster management, as they offer better torque at the wheel and peak power ratings.
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Based on geography, North America is expected to show high revenue growth during the forecast period. The main reason for the higher revenue share of the region is the high demand for military transportation systems from the U.S. The U.S. is currently increasing its military troops. As per the Defense Department 2021 budget request, the U.S. military is set to grow by about 5,600 troops across the services in the active and reserve components in the future. With this, logistics and troop transportation are also expected to increase, which will drive the market for military trucks during the forecast period.
In addition, the deployment of the U.S. troops in various regions of the world, due to the U.S. engaging in various global conflicts, is one of the major factors driving the growth of revenues from the region. Border disputes and diplomatic developments between the U.S. and Mexico have led to increasing procurement of army vehicles in the country, including military trucks, armored vehicles, and weapon systems. Hence, Mexico is also looking forward to expanding its adoption of military equipment. These military camps and command units demand continuous land-based logistics and unit resupply missions, due to which the country is procuring military trucks on a large scale. The Canadian government is also strengthening its military by procuring military equipment.
By Truck Type
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