Uphill battle: Low defense spending will continue the industry's decline from its highs

The Tank & Armored Vehicle Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.


Industry Threats & Opportunities

  • Recent stabilization in the defense budget and increasing exports are expected to help industry revenue
  • Geopolitical tension and emerging economies have propelled foreign spending on defense
  • The industry is anticipated to stabilize and begin to expand, despite further budget cuts

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    Industry Analysis & Industry Trends

    While the US government will cut funding on tank and armored vehicle manufacturing in the coming years, demand from foreign governments will help offset a major decline. However, due to a high starting base, the winding down of overseas military operations and defense cuts, industry revenue is expected to decline in the five years to 2016. Over the next five years, however, revenue will shrink marginally as several factors cut into growth. In particular, the army is set to cut its procurement budget for industry items, resulting in lower demand...

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    Industry Report - Industry Investment Chapter

    The Armored Vehicle Manufacturing industry is has a high level of capital intensity. In 2016, for every dollar industry players invested into labor, $0.42 is expected to be allocated towards capital. Manufacturing armored vehicles requires considerable investment into heavy equipment and large facilities. Establishments manufacture unconventional vehicles that require vast infrastructure to produce, with manufacturers often having to retool facilities when a new vehicle model is designed. Computer-controlled machine tools are standard fixtures in machining operations and include systems used to coat metals, computer-aided applications used for forging and electron beam welding used to produce vehicles. How..

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    Additional Insights for the Tank & Armored Vehicle Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tank & Armored Vehicle Manufacturing Industry are

  • Provision of superior after sales service
  • Undertaking technical research and development
  • Financial structure of the company
  • IBISWorld analysts also discuss how external factors such as Federal funding for defense and NATO defense spending in the Tank & Armored Vehicle Manufacturing industry impact industry performance..

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    Industry Products

    What is the Tank & Armored Vehicle Manufacturing Industry?

    This US industry manufactures complete military armored vehicles, combat tanks and specialized components for combat tanks, including self-propelled weapons.

    Industry Products
    Tracked armored vehicles
    Wheeled armored vehicles
    Industry Activities
    Manufacturing armored vehicles and parts
    Manufacturing military tanks
    Manufacturing self-propelled weapons
    Manufacturing military all-terrain vehicles

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Federal funding for defense
  • NATO defense spending
  • World price of steel
  • Trade-weighted index

  • Current Performance
  • Direct hit
  • Trade gains significance and revenue stabilizes
  • Profit and other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Stabilization
  • Other trends
  • Table: Tank & Armored Vehicle Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tank & Armored Vehicle Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • National Security and International Affairs

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Nonferrous Metal Foundry Products Manufacturing
  • Paint Manufacturing
  • Screw, Nut & Bolt Manufacturing
  • Structural Metal Product Manufacturing
  • Tire Manufacturing
  • Wind Turbine Manufacturing

  • Products & Services
  • Wheeled armored vehicles
  • Tracked armored vehicles
  • Tanks
  • Chart: Tank & Armored Vehicle Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • US defense spending
  • Foreign demand
  • Technological and environmental change

  • Major Markets
  • Exports
  • US government
  • Chart: Major Market Segmentation for the Tank & Armored Vehicle Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Tank & Armored Vehicle Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tank & Armored Vehicle Manufacturing Industry

  • Industry Globalization
    Major Companies
    General Dynamics Corp.BAE Systems PLCOshkosh Corporation
  • Table: General Dynamics Corp. - financial performance
  • Table: BAE Systems PLC - financial performance
  • Table: Oshkosh Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Tank & Armored Vehicle Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Tank & Armored Vehicle Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Federal funding for defense (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Abrams Tank
  • A large heavily armored attack vehicle with top-mounted cannon, produced by General Dynamics.
  • Bradley Fighting Vehicle (Bfv)
  • A fully armored, fully tracked tank produced by BAE Systems that is designed to carry mechanized infantry into close contact with the enemy.
  • Ground Combat Vehicle (Gcv)
  • The US army's replacement program for armored fighting vehicles in heavy and Stryker brigade combat teams.
  • Heavy Brigade Combat Team (Hbct)
  • The US army's primary armored force, designed around combined arms battalions that contain Abrams tanks and Bradley vehicles.
  • High Mobility Multipurpose Wheeled Vehicle (Hmmwv)
  • Also known as the Humvee, a military four-wheel drive motor vehicle created and produced by AM General, which has largely supplanted the roles formerly served by smaller Jeeps.
  • Joint Light Tactical Vehicle
  • Vehicle program to replace the current HMMWV with a family of more survivable vehicles and greater payload.
  • Mine Resistant Ambush Protected (Mrap)
  • Vehicles designed to survive improvised explosive device (IED) attacks and ambushes.
  • Stryker
  • An eight-wheeled armored personal carrier produced by General Dynamics.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Tank & Armored Vehicle Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Tank & Armored Vehicle Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Tank & Armored Vehicle Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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