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Tank & Armored Vehicle Manufacturing in Maryland

Author.Name IBISWorld United States Last Updated: April 2025 NAICS MD33699b

Tank & Armored Vehicle Manufacturing in Maryland industry analysis

The Tank & Armored Vehicle Manufacturing industry in Maryland is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments stagnated an annualized x% to x locations. Industry employment has increased an annualized x.x% to xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to stagnate x% to x locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Tank & Armored Vehicle Manufacturing in Maryland Market Research Report

What’s Included in the Tank & Armored Vehicle Manufacturing in Maryland Market Research Report

Definition of the Tank & Armored Vehicle Manufacturing in Maryland?

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

What’s included in the Tank & Armored Vehicle Manufacturing in Maryland?

The Tank & Armored Vehicle Manufacturing in Maryland includes manufacturing armored vehicles and parts, manufacturing military tanks, manufacturing self-propelled weapons and manufacturing military all-terrain vehicles. Related terms covered in the Tank & Armored Vehicle Manufacturing in Maryland industry report includes an eight-wheeled armored personal carrier produced by general dynamics corporation, a large heavily armored attack vehicle with top-mounted cannon, produced by general dynamics corporation, vehicles designed to survive improvised explosive device (ied) attacks and ambushes, a fully armored, fully tracked tank produced by bae systems plc that is designed to carry mechanized infantry into close contact with the enemy and vehicle program to replace the current hmmwv with a family of more survivable vehicles and greater payload.

Industry Performance of the Tank & Armored Vehicle Manufacturing industry in Maryland

Benchmark the Tank & Armored Vehicle Manufacturing in Maryland industry performance with all MD county and national performance.

Tank & Armored Vehicle Manufacturing in Maryland

#15 in Highest Revenue 1.3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Tank & Armored Vehicle Manufacturing in the US


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Tank & Armored Vehicle Manufacturing industry in Maryland

See how key industry drivers, such as are impacting Tank & Armored Vehicle Manufacturing in Maryland

Maryland Economic Indicators

Population
New Business Formation

View more economic information in MD State Economic profile

US Key External Drivers

Federal funding for defense
Non-NATO defense spending
US Gross domestic product (GDP)

For the full list of industry drivers, see report purchase options.

County Data of the Tank & Armored Vehicle Manufacturing industry in Maryland

Access proprietary data on county in the Tank & Armored Vehicle Manufacturing in Maryland, such as Worcester County and Montgomery County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Tank & Armored Vehicle Manufacturing industry in Maryland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Tank & Armored Vehicle Manufacturing industry in Maryland in 2025?

The market size of the Tank & Armored Vehicle Manufacturing industry in Maryland is $112.7m in 2025.

How many businesses are there in the Tank & Armored Vehicle Manufacturing industry in Maryland in 2025?

There are 2 businesses in the Tank & Armored Vehicle Manufacturing industry in Maryland, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Tank & Armored Vehicle Manufacturing industry in Maryland grown or declined over the past 5 years?

The market size of the Tank & Armored Vehicle Manufacturing industry in Maryland has been growing at an average annual rate of 3.6% from 2020 to 2025.

How many employees in the Tank & Armored Vehicle Manufacturing industry in Maryland in 2025?

There are 150 employees in the Tank & Armored Vehicle Manufacturing industry in Maryland, which has been growing at an average annual rate of 3.2% from 2020 to 2025.