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Tank & Armored Vehicle Manufacturing in the US - Industry Market Research Report

  • January 2017
  • 42 pages
  • Ibisworld
Report ID: 198818

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

Abstract

Tank & Armored Vehicle Manufacturing in the US

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.

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

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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