Main Battle Tank Market Share

Market Share of Main Battle Tank Industry

The main battle tank market is consolidated, with the market needing to be catered to by defense manufacturers like General Dynamics Corporation, BAE Systems plc, Hyundai Rotem, Rostec, and Nexter group KNDS.

Strategic partnerships between the players may enable the transfer of technology between them and help them gain a higher market share by attracting new customers. For instance, in December 2023, KNDS and LEONARDO formed a strategic alliance. The companies will collaborate in the development, manufacturing, and maintenance of the LEOPARD 2 A8 solution for the Italian Army, as well as the support platforms. This alliance supports the strategy defined by the Italian MoD in the Documento Programmatico Difesa 2023-2025 and in the Action Plan of the Agreement recently signed by the Governments of Italy and Germany.

Main Battle Tank Market Leaders

1. General Dynamics Corporation

2. BAE Systems plc

3. Hyundai Rotem

4. Rostec

5. Nexter group KNDS

*Disclaimer: Major Players sorted in no particular order