First Research US Industry Profile

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Armored Military Vehicle Manufacturing
SIC Codes: 3711, 3795
NAICS Codes: 336992
Last Quarterly Update: 5/20/2019
Companies in this industry manufacture military armored vehicles, combat tanks, and specialized military ground vehicle components. Major US companies include AM General, General Dynamics, Lockheed Martin, Oshkosh Corporation, Textron, and certain operations of UK-based BAE Systems.
Geopolitical tensions and rising military budgets are expected to bolster the global armored military vehicle market for the next decade, according to Defence IQ. Top growth markets for armored military vehicles include China, India, Israel, Saudi Arabia, Turkey, the UAE, and the US.
The US armored vehicle manufacturing industry includes about 70 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $3.5 billion.
Competitive Landscape
Demand is driven by military budgets, which typically change with perceived threats to national security. The profitability of individual companies depends on the effective management of subcontractors and raw materials costs and technological expertise. Large companies enjoy economies of scale in design, manufacturing, and purchasing. While small companies often introduce innovation, large companies are often able to adapt more quickly to the evolving demands of modern warfare. Small companies can compete by providing niche products to prime contractors, and by forming joint ventures with larger contractors. The US industry is highly concentrated: the top four companies account for more than 80 percent of industry revenue.
Products, Operations & Technology
Major products include wheeled, armored combat, and tactical vehicles; tracked main battle tanks; infantry fighting vehicles; heavy equipment transporters; ... plus:
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

02/18/2019
11/12/2018
08/20/2018
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02/20/2017
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08/15/2016
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02/15/2016
11/09/2015
08/10/2015
05/11/2015
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11/10/2014
08/18/2014
05/26/2014
03/03/2014
11/25/2013
09/02/2013
06/10/2013
03/18/2013
12/10/2012
09/17/2012
07/02/2012
04/09/2012
12/19/2011
09/26/2011
06/13/2011
03/14/2011
11/22/2010
08/30/2010
05/24/2010
02/22/2010