Military Armored Vehicle Market Overview in the USA
In value terms, military armored vehicle production dropped slightly to $ in 2019. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of % year-to-year. Over the period under review, production hit record highs at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.
The value of the military armored vehicle market in the U.S. was estimated at $ in 2019, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded tangible growth. The most prominent rate of growth was recorded in 2016 with an increase of % against the previous year. Military armored vehicle consumption peaked in 2019 and is likely to see gradual growth in the immediate term.