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          1. Armored Military Vehicle Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/13/2020
            SIC Codes: 3711, 3795
            NAICS Codes: 336992
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Armored Military Vehicle Manufacturing Industry Profile

            Companies in this industry manufacture military armored vehicles, combat tanks, and specialized military ground vehicle components. Major US companies include AM General, General Dynamics, Lockheed Martin, Oshkosh Corporation, Textron, and certain operations of UK-based BAE Systems.

            Geopolitical tensions and rising military budgets are expected to bolster the global armored military vehicle market for the next decade, according to Defence IQ. Top growth markets for armored military vehicles include China, India, Israel, Saudi Arabia, Turkey, the UAE, and the US.

            The US armored vehicle manufacturing industry includes about 70 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $3.5 billion.

            COMPETITIVE LANDSCAPE

            Demand is driven by military budgets, which typically change with perceived threats to national security. The profitability of individual companies depends on the effective management of subcontractors and raw materials costs and technological expertise. Large companies enjoy economies of scale in design, manufacturing, and purchasing. While small companies often introduce innovation, large companies are often able to adapt more quickly to the evolving demands of modern warfare. Small companies can compete by providing niche products to prime contractors, and by forming joint ventures with larger contractors. The US industry is highly concentrated: the top four companies account for more than 80 percent of industry revenue.

            PRODUCTS, OPERATIONS & TECHNOLOGY

            Major products include wheeled, armored combat, and tactical vehicles; tracked main battle tanks; infantry fighting vehicles; heavy equipment transporters; mobile bridge systems; and ...

             
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