Market Share of Europe Armored Fighting Vehicles Industry
The Europe armored fighting vehicles market is moderately fragmented in nature with a presence of several players holding significant shares in the market. The prominent players in the market are BAE Systems PLC, Rheinmetall AG, General Dynamics Corporation, KNDS N.V., and Iveco Defence Vehicles. The majority of armored fighting vehicles' fleet is present in nearly 3-4 countries; therefore, a need arises to equip the other European countries with advanced fighting vehicles. Many countries are using the older generation fleet. Collaborations for the development of new fighting vehicles are anticipated to propel the growth of the market in these countries. For instance, Germany's Krauss-Maffei Wegmann GmbH and France's Nexter Systems have collaborated to produce next-generation battle tanks that would replace the Leopard 2 Tanks of Germany. Such partnerships may help boost the growth of the players' revenues.
Europe Armored Fighting Vehicles Market Leaders
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BAE Systems PLC
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Rheinmetall AG
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General Dynamics Corporation
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Iveco Defence Vehicles
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KNDS N.V.
*Disclaimer: Major Players sorted in no particular order
