| Label | Amphibious | Non-Amphibious |
|---|---|---|
| 2018 | 396.5 USD Mn | 780.95 USD Mn |
| 2019 | 412.04 USD Mn | 804.22 USD Mn |
| 2020 | 403.43 USD Mn | 780.33 USD Mn |
| 2021 | 418.41 USD Mn | 802.05 USD Mn |
| 2022 | 434.84 USD Mn | 826.08 USD Mn |
| 2023 | 453.14 USD Mn | 853.17 USD Mn |
| 2024 | 473.57 USD Mn | 883.74 USD Mn |
| 2025 | 496.6 USD Mn | 918.51 USD Mn |
| 2026 | 523.39 USD Mn | 959.52 USD Mn |
| 2027 | 554.25 USD Mn | 1007.17 USD Mn |
Data Source: Wantstats Repository
The Europe armoured personnel carrier (APC) market is expected to see substantial growth in the next few years, with a forecasted value of USD millions by 2027. This growth can be attributed to several factors, such as the increasing demand for modernization and upgrade of military vehicles, rising border security concerns, and the need for better protection for troops during combat operations.
One of the key factors contributing to the growth of the Europe APC market is the increasing threats from various terrorist organizations and cross-border conflicts. Countries in Europe are investing significantly in defence modernization and strengthening their military capabilities. This has led to an increased demand for advanced armoured personnel carriers that can protect troops against various types of attacks, including improvised explosive devices (IEDs) and rocket-propelled grenades (RPGs).
Moreover, the increasing focus on the safety and protection of troops during combat operations has also fueled the demand for APCs with advanced features such as improved ballistic protection, mine resistance, and advanced communication systems. This has led to the development of various configurations of armoured personnel carriers, such as wheeled and tracked variants, to cater to the evolving needs of the defence forces.
In terms of configuration, the tracked APC segment is expected to hold a significant share in the Europe market. This can be attributed to the increasing use of tracked APCs in military operations due to their superior mobility, manoeuvrability, and off-road capabilities. These features make them suitable for various terrains, including rugged and mountainous areas.
Furthermore, there is also a growing trend towards the development of wheeled APCs, which offer higher speed and fuel efficiency compared to tracked variants. The European countries are also investing in the procurement of wheeled APCs for their military forces, which is expected to further drive the market growth.
Overall, the Europe armoured personnel carrier market is expected to witness significant growth in the coming years, driven by the increasing need for advanced and modernized military vehicles. The growing trend towards wheeled and tracked APCs with advanced features is also expected to contribute to the market's growth, making it a lucrative market for manufacturers and suppliers in the defence industry.
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Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Europe Armoured Personnel Carrier Market by Configuration
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