At 3.1% CAGR, the Middle East & Africa Military Truck Market is projected to be worth US$ 1,339.12 million by 2028, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa military truck market  was valued at US$ 1,149.76 million in 2023 and is expected to reach US$ 1,339.12 million by 2028, registering a CAGR of 3.1% from 2023 to 2028. Initiatives by governments to expand their military troops and efforts by companies to provide high-mobility and multipurpose solutions for transportation are the critical factors attributed to the Middle East & Africa military truck market  expansion.        

Governments of various countries are working on expanding their military troops to enhance their capabilities. In addition, due to the growing demand for military trucks, governments of a few countries in the Middle East & Africa are working on starting manufacturing facilities for military vehicles in the region. For instance, in September 2022, the Egyptian Ministry of State for Military Production had discussions with Renault, a French company, for the co-production of military vehicles, particularly military trucks in Egypt.  Thus, such growing recruitments in the military forces indicate the need for military trucks to transfer troops, fuel, and equipment along asphalted roads and unpaved dirt roads, thereby driving the growth of the Middle East & Africa military truck market.

On the contrary, growing use of robots in military operations hampers the Middle East & Africa Military Truck Market.  

Based on application, the Middle East & Africa military truck market is segmented into cargo/logistics carrier and troop carrier. The troop carrier segment held 56.6% share of Middle East & Africa Military Truck Market in 2023, amassing US$ 651.10 million. It is projected to garner US$ 723.18 million by 2028 to expand at 2.1% CAGR during 2023–2028. 

Based on truck type, the Middle East & Africa military truck market  is segmented into light truck, medium truck, and heavy truck. The heavy truck segment held 51.9% share of Middle East & Africa Military Truck Market in 2023, amassing US$ 597.02 million. It is projected to garner US$ 689.19 million by 2028 to expand at 2.9% CAGR during 2023–2028.

Based on propulsion type, the Middle East & Africa military truck market is segmented into electric/hybrid and diesel. The diesel segment held 100.0% share of Middle East & Africa Military Truck Market in 2023, amassing US$ 1,149.76 million. It is projected to garner US$ 1,298.45 million by 2028 to expand at 2.5% CAGR during 2023–2028.

Based on transmission type, the Middle East & Africa military truck market  is segmented into automatic transmission and manual  transmission. The automatic transmission segment held 64.3% share of Middle East & Africa Military Truck Market in 2023, amassing US$ 739.48 million. It is projected to garner US$ 869.60 million by 2028 to expand at 3.3% CAGR during 2023–2028.

Based on country, the Middle East & Africa military truck market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 54.0% share of Middle East & Africa Military Truck Market in 2023. It was assessed at US$ 621.12 million in 2023 and is likely to hit US$ 747.24 million by 2028, exhibiting a CAGR of 3.8% during the forecast period.      

Key players dominating the Middle East & Africa military truck market are AB Volvo; Hyundai Rotem Co; Iveco Group NV; Navistar Defense LLC; Oshkosh Corp; Rheinmetall AG; and Tata Motors Ltd, among others.   

• In Nov-2022, Oshkosh Corporation announced the acquisition of Hinowa S.p.A. This privately held international company produces track-based aerial work platforms, mini dumpers, lift trucks, and undercarriages. Hinowa is known for its advanced track designs and electrification expertise, making it an ideal addition to Oshkosh's Access Equipment segment. The acquisition is expected to accelerate Oshkosh's electrification capabilities and provide growth opportunities in core and adjacent markets.

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