The Global Tanks Market Report by The Business Research Company covers tanks market drivers and restraints, tanks market size, major players, and the impact of COVID-19 on the tanks market.

The tanks market consists of sales of military tanks by entities (organizations, sole traders and partnerships) that produce military tanks. A tank is an armored fighting vehicle which is equipped with heavy firepower and strong armor designed for front line combat. Only goods and services traded between entities or sold to end consumers are included.

The increase in the defense budget for the military is expected to drive the growth of the tanks market.

The global tanks market is expected to decline from $0.96 billion in 2020 to $0.94 billion in 2021 at a compound annual growth rate (CAGR) of -2.1%. The decline is attributed to the COVID-19 implications including social distancing practices, supply chain disruptions, and halt or closure of production. The tanks market is expected to reach $1.02 billion in 2025 at a CAGR of 2.1%.

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Some tanks market trends include the defense increasingly implementing robot tanks in the military for the purpose of high security. Robotic tanks are autonomous robots designed for military applications such as transport, search and rescues, and others. These tanks are equipped with guns and rocket arm, and missile arm.

Global tanks market segments include:

1) By Type: Light, Medium, Heavy.

2) By Application: Patrolling, Fighting.

3) By Technology: Active Mine System, Active Protection System, Modular Ballistic Armor, Situational Awareness System, Inter Operable Communication, Vehicle information Integration, Electric Armor.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Tanks Global Market Report 2021: COVID-19 Impact and Recovery To 2030 At:

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The Tanks Global Market Report 2021: COVID-19 Impact and Recovery To 2030 is one of a series of new reports from The Business Research Company that provides tanks market overviews, analyzes and forecasts market size, share, tanks market players, tanks market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The tanks market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Tanks Global Market Report 2021: COVID-19 Impact and Recovery To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Oshkosh Defense LLC, General Dynamics Corporation, BAE Systems Plc., Textron Inc., Navistar International Corporation, Norinco Private Limited, Rheinmetall AG, Ukroboronprom, UralVagonZavod, Hyundai Rotem, Nexter Systems, Krauss-Maffei Wegmann GmbH And Co. KG, IVECO, Elbit Systems, INKAS Armored Vehicle Manufacturing, International Armored Group.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Tanks Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Tanks Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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