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.
Military Truck Market Leaders
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Rheinmetall AG
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Oshkosh Corporation
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Krauss-Maffei Wegmann GmbH & Co. KG.
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Tata Motors Ltd
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Mercedes-Benz Group AG
*Disclaimer: Major Players sorted in no particular order
