How big is the Military Truck Market?

The Military Truck Market size is expected to reach USD 23.87 billion in 2024 and grow at a CAGR of 2.86% to reach USD 27.47 billion by 2029. Read More

What is the current Military Truck Market size?

In 2024, the Military Truck Market size is expected to reach USD 23.87 billion. Read More

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. Read More

Which is the fastest growing region in Military Truck Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Military Truck Market?

In 2024, the North America accounts for the largest market share in Military Truck Market. Read More

What years does this Military Truck Market cover, and what was the market size in 2023?

In 2023, the Military Truck Market size was estimated at USD 23.19 billion. The report covers the Military Truck Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Military Truck Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Military Truck Market Share

Statistics for the 2023 & 2024 Military Truck market share, created by Mordor Intelligence™ Industry Reports. Military Truck share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Military Truck Industry

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.