/ Blog / Five Leading Manufacturers Of Armoured Vehicles


06 May 2022

Five Leading Manufacturers Of Armoured Vehicles

The armoured vehicles market is enormous, valuing over sixteen billion USD in 2018 alone. Fortunately, it’s also one of the handfuls of global industries that remained unscathed due to the pandemic. In fact, while the supply of armoured vehicles was reduced because of lockdowns, lack of supply chains, and limited economic production, their demand continued expanding.


One crucial driver for the sector is the growing government spending on military and armed equipment for better national protection. In addition, technological advancements ensure safer, practical, and more effective updates in armoured vehicles, resulting in military forces getting the latest vehicles for their force structures. With several countries notching up their armoured vehicle supply after the pandemic, a few businesses continue enjoying significant market shares. Below we list five of the leading armoured vehicle manufacturers worldwide.


Oshkosh Corporation


The company is headquartered in Oshkosh, Wisconsin, USA, and has production plants in twenty-nine localities. It’s an industrial organization specializing in designing and manufacturing military vehicles, specialty trucks, truck bodies, access equipment, and airport fire apparatus. Oshkosh Corporation was established in 1917 by William Besserdich and Berhhard Mosling and, today, owns several companies, including the JLG Industries and Pierce Manufacturing.


BAE Systems


BAE Systems was established in 1999 and, today is the biggest European defence contractor. With its headquarters situated in London, United Kingdom, the multinational business specializes in manufacturing aerospace, arms, and security essentials. Its services include consultancy, training, and maintenance, while its products consist of defence electronics, naval vessels, land warfare systems, and munitions. BAE Systems also has several subsidiaries, including BAE Systems Inc., BAE Systems Australia, and BAE Systems Applied Intelligence.




The Russian-based company deals with machine building, offering products like mortars, naval artillery, howitzers, military vehicles, heavy equipment, and autocannons. It’s among Russia's biggest industrial and scientific complexes and is headquartered in Nizhny, Tagil, Russia. Founded in 1936, the public limited company is a subsidiary of Rostec, and as of 2017, it had a yearly revenue of over two billion USD and over thirty thousand employees.


Iveco SPA


Better known as the Industrial Vehicles Corporation, Iveco was founded in 1975 and is headquartered in Turin, Italy. The Dutch multinational specializes in manufacturing transport vehicles and designing and creating light, medium, and heavy commercial vehicles. It has several subsidiaries and employs more than twenty-five thousand workers. With production plants in more than 160 countries, Iveco reported annual revenue of approximately €10 billion.


Hyundai Rotem


Headquartered in Uiwang, Gyeonggi-do, South Korea, Hyundai Rotem was established in 1977. It caters to producing defence products, plant equipment, and rolling stock for its consumers and is a part of the Hyundai Motor Group. The business changed its legal name to Rotem in 2007 to highlight its parent company. Today, the organization serves its clients worldwide and, as of 2019, reported yearly revenue of over twenty-four billion South Korean won (₩).


Compare reports by keyword


Orthopedic Trauma Devices

Piroctone Olamine Market

Poppy Seeds Market

Ophthalmic Optical Biometer Market

Armored Vehicles Market

Holmium Oxide Sputtering Target Market

Needle Coke Market

Medical Packaging Market

Pouring Spout Market

Lysergol Market

Safety Sensors and Switches Market

Nuclear Power Plant And Equipment Market

RV Windows Market

Car Air Purifier Market

Automotive Electronics Market

Share on

Continue Reading

Pesticides are threatening the lives of bees

While pesticide use has reduced considerably, more potent formulas have led to a serious threat to the lives of bees. Read on to learn more.

Australian Fisherman Catches a Strange Looking Shark

If you already have a fear of the oceans, this might not be a read for you.

What Industries Flourished The Most During The Pandemic?

The global economy and most international production stood stagnant due to the covid’19 outbreak. As travelling, trading, and work-life ceased, financial uncertainties grew. Most of the world didn’t understand what to do and how to proceed with the situation.

Games In Education – An Effective Means of Promoting Learning

Gaming is incredibly common. Even without accounting for all the non-digital forms of games, like board games, card games, or kid-friendly games, including hide-and-seek or tag, well over two out of every three children play video games. Even simple actions like flipping a coin to make a decision can be considered a game. This itself is an indication that games have a globally appealing quality.

Recent Press Releases

Douglas Insights Adds Hair Care Appliances Market Research Reports to Its Comparison En...

Douglas Insights, the world's first-ever comparison engine for market research reports, has added Hair Care Appliances Market Research Reports to its da...

Douglas Insights Adds Health Self-Monitoring Market Research Reports to Its Comparison ...

Douglas Insights, one of the earliest comparison engines around the world, has expanded and upgraded to include market opportunities, trends, driving forces,...

Douglas Insights Adds Blockchain Technology in Healthcare Market Research Reports to It...

Douglas Insights is pleased to add blockchain technology to healthcare market research reports in its revolutionary comparison engine, helping market analyst...

Douglas Insights Adds Computer-Assisted Coding Market Research Reports to Its Compariso...

Douglas Insights Comparison Engine has diversified its reserve of public and private market research reports with the introduction of computer-assisted codin...