Main Battle Tank Companies (2024 - 2029)

Main Battle Tank Market Companies Summary

Despite the economic impact of the COVID-19 pandemic, the market for main battle tanks remained steady, with defense procurement projects on track and sales and revenues increasing for manufacturers. The growing geopolitical tensions and border issues in various regions worldwide are driving demand for new battle tanks, leading to increased investments in these vehicles. The market is currently driven by increased procurement from various countries. The demand is expected to remain high, especially from these countries, during the forecast period. The main battle tank market is consolidated, with the need for these vehicles being catered to by a select group of defense manufacturers. These manufacturers occupy a significant share of the market. Strategic partnerships between these players could enable technology transfer and help them attract new customers, thereby increasing their market share. For instance, collaborations have been seen between major manufacturers to produce next-generation battle tanks, contributing to the growth of the players' revenues.