Military trucks market to be worth up to US$38.94 billion by 2032

The military trucks market will grow significantly in the upcoming years with the war in Ukraine, and the modernization programmes in Europe and selected countries in the rest of the regions. Military trucks are the workhorses of modern armed forces and as such they are used across the tactical and strategic domain, providing mobility to troops, systems and weapons.

Electrification is gradually becoming a key element in the automotive industry, but there are certain aspects to consider for the expansion of EV trucks in the military domain. Nevertheless, there are opportunities for the gradual induction of such trucks in military logistics. Despite the slow expansion and the ongoing reliance on internal combustion engines, the advantages of electric or hybrid propulsion systems will not be disregarded.

The military trucks market is highly competitive on the manufacturers level, with those trucks being produced by large commercial companies. However, it has the peculiarity of multiple, well-known brand names in the truck market to be part of a small number of global automotive groups.

The "Military Trucks - Market and Technology Forecast to 2032" study helps readers in understanding the market in terms of:

• Market size for military trucks in terms of size and mobility variants.
• Market share per geographic region.
• Current and future technologies, with a special focus on electrification.
• Regulatory and operational aspects impacting military logistics and thereby the truck options available.
• Understanding the trends, drives, opportunities and challenges impacting the market.
• Company profiles and SWOT analysis for leading manufacturers.

More information: marketforecast.com/MF241645