Market Share of Middle-East And Africa Armored Vehicles Industry
The Middle East and Africa armored vehicles market is semi-consolidated in nature due to the presence of few players holding significant shares in the market. Some of the prominent players in the market are Mahindra Emirates Vehicle Armouring FZ-LLC, NIMR Automotive (EDGE Group PJSC), Streit Group, BMC Otomotiv Sanayi ve Ticaret AŞ., and Rheinmetall AG.
The international armored vehicle manufacturers are making plans to expand their presence in the Middle East and Africa with new product innovations. For instance, Oshkosh Defence is undertaking strategic steps to boost its sales in the region. The company’s future growth strategy is centered around the potential sales of its latest J-LTV (joint light tactical vehicle) in the region.
Additionally, the domestic players in the market are increasing their product portfolio to enhance their position in the market. For instance, in September 2022, Mahindra Emirates Vehicle Armouring, Jordan, and UAE launched their Mahindra MAXIMUS 4X4 Armoured Personal Carrier for Paramilitary/ Police/Troops having B6 and B7 level bulletproof capabilities. Such factors are anticipated to help the companies increase their presence and attain profits from the region in the coming years.
Middle East and Africa Armoured Vehicle Market Leaders
Mahindra Emirates Vehicle Armouring FZ-LLC
NIMR Automotive (EDGE Group PJSC)
Streit Group
BMC Otomotiv Sanayi ve Ticaret AŞ.
Rheinmetall AG
*Disclaimer: Major Players sorted in no particular order
