Military Truck Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Military Truck Market Report is Segmented by Application (Cargo Logistics, Troop Transport, and Other Applications), Weight Class (Light, Medium, and Heavy) and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Military Truck Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Military Truck Market Size

Military Truck Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 24.55 Billion
Market Size (2030) USD 28.27 Billion
CAGR (2025 - 2030) 2.86 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Medium

Major Players

Military Truck Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Military Truck Market with other markets in Aerospace & Defense Industry

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Military Truck Market Analysis

The Military Truck Market size is estimated at USD 24.55 billion in 2025, and is expected to reach USD 28.27 billion by 2030, at a CAGR of 2.86% during the forecast period (2025-2030).

The increasing deployment of military units in different locations and 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, which is driving the growth of the market.

Growing military budgets have aided the growth of the market. Several emerging countries have increased their budget spending towards military transportation and logistics which is expected to drive the growth of the military truck market during the forecast period.

The military truck market faces several challenges. One of the major challenges is the ability to maintain performance, payload, and mobility while dealing with the increasing weight associated with armor and sophisticated systems. Additionally, manufacturers must address the need for increased fuel efficiency, which can be difficult to achieve with heavy-duty vehicles. Budgetary restrictions and the long procurement periods associated with military procurement can create uncertainty for manufacturers and customers. These challenges require continuous adaptation and innovation within the industry.

Military Truck Industry Overview

The military trucks market is semi-consolidated in nature with a presence of few local and global players holding significant shares in the market. Oshkosh Corporation, Rheinmetall AG, Mercedes-Benz Group AG, Tata Motors Ltd., and Krauss-Maffei Wegmann GmbH & Co. KG. are prominent players in the market. The manufacturers of military trucks are continually looking for ways to develop newer generation trucks keeping in mind the rules and regulations set by the various defense authorities worldwide. Players are focusing on enhancing the protection of their trucks, using newer designs and advancements in material technologies, which will help them gain new contracts from the militaries and expand their market share during the forecast period.

Military Truck Market Leaders

  1. Rheinmetall AG

  2. Oshkosh Corporation

  3. Krauss-Maffei Wegmann GmbH & Co. KG.

  4. Tata Motors Ltd

  5. Mercedes-Benz Group AG

  6. *Disclaimer: Major Players sorted in no particular order
Military Truck Market Concentration
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Military Truck Market News

In October 2023, Estonia and Latvia signed a framework agreement for USD 730.5 million for the supply of military vehicles to three mobility developers. As per the agreement, the companies will supply up to 3.000 vehicles, over seven years. Veho will supply vehicles up to 5 tons, while systems of more than 5 tons will be delivered by Volvo Eesti and Scania Eesti.

In May 2023, the German military placed an order for a further 57 HX81 (unprotected heavy-duty truck) heavy military trucks, valued at USD 534 million. The order is the latest in a series of 7-year framework agreements signed with the German military in 2018 for a total of up to 137 new HX81 trucks.

Military Truck Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Application
    • 5.1.1 Cargo Logistics
    • 5.1.2 Troop Transport
    • 5.1.3 Other Applications
  • 5.2 Weight Class
    • 5.2.1 Light
    • 5.2.2 Medium
    • 5.2.3 Heavy
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.2 Europe
    • 5.3.2.1 United Kingdom
    • 5.3.2.2 Germany
    • 5.3.2.3 France
    • 5.3.2.4 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 Rest of the World

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Oshkosh Corporation
    • 6.2.2 Rheinmetall AG
    • 6.2.3 Mercedes-Benz Group AG
    • 6.2.4 Volkswagen AG
    • 6.2.5 Krauss-Maffei Wegmann GmbH & Co. KG.
    • 6.2.6 IVECO S.p.A.
    • 6.2.7 Renault Trucks
    • 6.2.8 Ashok Leyland
    • 6.2.9 Tata Motors Ltd
    • 6.2.10 Scania
    • 6.2.11 Arquus
    • 6.2.12  KAMAZ PTC
    • 6.2.13 KrAZ
    • 6.2.14 MITSUBISHI HEAVY INDUSTRIES, LTD.
    • 6.2.15 Dongfeng Motor Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Military Truck Industry Segmentation

Military trucks are designed to carry personnel, equipment and supplies to support operations. Operations in difficult and hazardous environments necessitate the integration of cutting-edge capabilities and technologies in vehicles.

The military truck market is segmented based on application, weight class, and geography. By application, the market is segmented into cargo logistics, troop transport and other applications. The other applications includes utility, and search and rescue, etc.. By weight class, the market is divided into light, medium and heavy trucks. The report also covers the market sizes and forecasts for the military truck market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Application Cargo Logistics
Troop Transport
Other Applications
Weight Class Light
Medium
Heavy
Geography North America United States
Canada
Europe United Kingdom
Germany
France
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
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Military Truck Market Research FAQs

How big is the Military Truck Market?

The Military Truck Market size is expected to reach USD 24.55 billion in 2025 and grow at a CAGR of 2.86% to reach USD 28.27 billion by 2030.

What is the current Military Truck Market size?

In 2025, the Military Truck Market size is expected to reach USD 24.55 billion.

Who are the key players in Military Truck Market?

Rheinmetall AG, Oshkosh Corporation, Krauss-Maffei Wegmann GmbH & Co. KG., Tata Motors Ltd and Mercedes-Benz Group AG are the major companies operating in the Military Truck Market.

Which is the fastest growing region in Military Truck Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Military Truck Market?

In 2025, the North America accounts for the largest market share in Military Truck Market.

What years does this Military Truck Market cover, and what was the market size in 2024?

In 2024, the Military Truck Market size was estimated at USD 23.85 billion. The report covers the Military Truck Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Military Truck Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Military Truck Industry Report

Statistics for the 2025 Military Truck market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Military Truck analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.