The global military truck market is projected to grow from 15,677 units in 2019 to 20,171 by 2027, at a CAGR of 3.2%. Factors such as high demand for customized trucks, technological advancements, increasing popularity of transportation of military equipment, and continuous growth of army personnel are driving the military truck market.
Automatic transmission segment is expected to be the fastest-growing market during the forecast period
The automatic transmission is being adopted due to their fuel efficiency and comfort offered to the driver through automated gear shift and minimal torque interruption. For instance, Allison Transmission produces fully automatic transmissions for light-, medium- and heavy-duty military wheeled and tracked vehicles.
Suppliers are concentrating on offering technologies with better efficiency rates, comfort levels, and durability, along with the minimal impact on the environment. The adoption of new technologies is also dependent on customer preferences, which differs by region. The benefit of high speed, more fuel efficiency, and reduced risk of engine stop during heavy loads increase the market for automatic transmission. In military purposes, these trucks offer all-terrain high-speed transport of troops, cargo, and other supplies.
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Heavy trucks are expected to lead the military truck market during the forecast period
These heavy trucks are capable of operating off-road, in deep water, mud or snow. With a payload capacity of 1,000 kg, these trucks can tow weight of 3,000 kg. Also, manufacturers add protection from small arms fire, artillery shell splinters, grenades, small anti-personnel mines in these military trucks. Versions of heavy tactical 8×8, 10×10 axle configurations are manufactured by companies like Oshkosh Corporation, Mercedes-Benz, MAN, Krauss-Maffei Wegmann, and others. Heavy military trucks are used for select applications as they offer better torque at the wheel and peak power ratings. Some of the major applications are refrigeration, dumping, firefighting, disaster management, tankers, RMC, and containers.
Key Market Players
The global military truck market is dominated by major players such as 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), and many others.
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