Fortune Business Insights Pvt Ltd announces the publication research report Main Battle Tank Market, 2023-2030. The Main Battle Tank Market size is expected to register a steady CAGR of 3.2% and is expected to reach USD 6.9 billion by 2030.

Presents the clean elaborated structure of the market comprising an in-depth evaluation of this industry. The report explores components associated with the market covering the industry environment, Main Battle Tank Market size, share, segmentation analysis, and competitive landscape. According to the report, the will generate massive returns by the end of the forecast period and is expected to show an appreciable rate of growth over the coming years on an annual basis. It explains the market’s rapid development in the current and past years and its progress during the forecast period.

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The study offers a commendable brief of Main Battle Tank Market segmentation by top players/brands, regions, types, and end-user. Our team of expert researchers has obtained a complete range of information related to the market. Through advanced and reliable primary and secondary research sources, the analysts have gathered, calculated, and verified all data and findings. Further key countries expected to display significant growth prospects are included in the report. The report highlights key market dynamics, the profile of key Main Battle Tank Market players, and a comprehensive outline of the market environment in terms of sales and production for the forecast period.

Major Key Companies Covered in Main Battle Tank Market are:

  • General Dynamics Corporation (U.S.)
  • Hyundai Rotem (South Korea)
  • BAE Systems plc (U.K.)
  • Nexter Systems (France)
  • BMC (Turkey)
  • Israel Military Industries (Israel)
  • Rheinmetall AG (U.S.)
  • Krauss-Maffei Wegmann GmbH and Co. KG (Germany)
  • Mitsubishi Heavy Industries (Japan)
  • Safran (U.S.)

Report Scope:

The following report presents the findings of thorough primary and secondary research, providing a comprehensive understanding of the current and future objectives of the Main Battle Tank Market. The report includes a competitive analysis of the industry, categorized by application, type, and regional trends, alongside a dashboard overview of the historical and current performance of key players. To ensure accuracy and comprehensiveness, a range of methodologies and analyses were implemented throughout the report.

Main Pointers Presented in the Report are:

  • Recent Main Battle Tank Market trends
  • Geographical dissection
  • Industry drivers
  • Market Competitors
  • Turnover predictions
  • Competitive framework
  • Key challenges
  • Market concentration rate analysis
  • Consumption growth rate

Drivers and Restraints:

Upgrade of Existing Fleet with Next-generation Base Equipment to Drive Market

Developing nations are focused on upgrading their existing fleets, situational awareness systems, and weaponry systems to improve combat capabilities and lethality, which will drive the main battle tank market growth. For example, in February 2023, Turkey awarded SNT Heavy Industries with a contract to supply an automatic transmission mechanism for Altay tank engines. The company will provide a V-type, 12-cylinder, water-cooled, turbo diesel power unit to produce 1,500 horsepower and 4600 N-m of torque. This agreement worth USD 217.9 million will be completed by 2030. On the other hand, the surging demand for anti-tank missiles owing to their range, ease of usage, and weightless nature will hinder market expansion in the coming years.

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Regions Covered in Main Battle Tank Market Report are: 

  • North America (United States, Canada, and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and the rest of South America)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

Key Industry Development:

May 2021: British Army awarded a contract to Rheinmetall BAE Systems Land (RBSL) to replace their existing fleet of Challenger 2 with next generation Challenger 3 tanks. Under this agreement, the U.K. will get 148 tanks for USD 964.72 million.

Key Questions Answered:

  • What are the Main Battle Tank Market trends shaping the market?
  • What are the growth opportunities in the market?
  • What are the key players operating in the market?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market share and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?

 Some Main Reasons for Purchasing This Report

  • A detailed introduction of the industry, inclusive of the progress
  • A detailed study of the top players in the market
  • A detailed survey of the with respect to the present and future Main Battle Tank Market scenario
  • Readers of this report will receive in-depth knowledge about the market
  • New ways and approaches appropriate within the advancement structure of the market.
  • It will help you to find prospective partners and suppliers.
  • It will assist and strengthen your company’s decision-making processes.

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By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.