| Label | Wheeled APC | Tracked APC |
|---|---|---|
| 2018 | 718.63 USD Mn | 270.43 USD Mn |
| 2019 | 738.23 USD Mn | 281.41 USD Mn |
| 2020 | 714.51 USD Mn | 275.9 USD Mn |
| 2021 | 732.53 USD Mn | 286.5 USD Mn |
| 2022 | 752.55 USD Mn | 298.09 USD Mn |
| 2023 | 775.22 USD Mn | 310.97 USD Mn |
| 2024 | 800.88 USD Mn | 325.33 USD Mn |
| 2025 | 830.17 USD Mn | 341.47 USD Mn |
| 2026 | 864.89 USD Mn | 360.2 USD Mn |
| 2027 | 905.36 USD Mn | 381.75 USD Mn |
Data Source: Wantstats Repository
The North America Armoured Personnel Carrier (APC) market is expected to experience a significant growth in the forecast period from 2021 to 2027. The market is primarily driven by the increasing demand for advanced military vehicles and equipment, as well as the need for enhancing the safety and mobility of armed forces. This, in turn, is leading to a rise in the demand for armoured personnel carriers in North America.
One of the key factors contributing to the growth of the North America APC market is the increasing investments in defense infrastructure and modernization programs by the governments of countries such as the United States and Canada. These investments are being made to enhance the capabilities and effectiveness of their armed forces, which includes the procurement of advanced armoured vehicles.
The demand for APCs in North America is also being driven by the rising security threats and conflicts in the region. The need for defense against these threats has led to the increased usage of APCs by military and law enforcement agencies in the region. The ability of these vehicles to provide protection to the personnel inside them in combat situations is a major factor driving their adoption.
Additionally, the growing popularity of peacekeeping missions and cross-border security operations in North America is also expected to contribute to the demand for APCs. These missions require highly versatile and mobile vehicles that can operate in diverse terrains and provide protection to the personnel on board, making APCs an ideal choice.
On the basis of design, the North America APC market is divided into wheeled and tracked vehicles. The wheeled vehicle segment is expected to dominate the market in the forecast period, owing to its high mobility and versatility. These vehicles are more suitable for urban operations and offer better fuel efficiency, making them a preferred choice for military and law enforcement agencies in North America.
In conclusion, the North America APC market is poised for significant growth in the forecast period, driven by increasing investments in defense modernization, rising security threats, and the popularity of peacekeeping missions. The demand for versatile and highly mobile vehicles with advanced protection capabilities is expected to drive the market further, making it an attractive market for APC manufacturers in the region.
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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.
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