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2018 Market Analysis & Industry Outlook: Military Armored Vehicle, Tank & Tank Component Manufacturing

Overview of the U.S. Military Armored Vehicle, Tank & Tank Component Manufacturing Industry

This section provides answers to key questions about the industry:
  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Military Armored Vehicle, Tank & Tank Component Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast[PREMIUM]

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Military Armored Vehicle, Tank & Tank Component Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description Sales ($ millions) Percent of Total Sales

Industry Total

Military Armored Vehicle, Tank, And Tank Component Manufacturing

Military Armored Vehicles, Tanks, And Tank Components

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map of Military Armored Vehicle, Tank & Tank Component Manufacturing by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Military Armored Vehicle, Tank & Tank Component Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Military Armored Vehicle, Tank & Tank Component Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Military Armored Vehicle, Tank & Tank Component Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 6%

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Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations 5%
Architecture and Engineering Occupations 6%
Office and Administrative Support Occupations 9%
Production Occupations 55%
Assemblers and Fabricators 31%
Structural Metal Fabricators and Fitters 5%
Structural Metal Fabricators and Fitters 5%
Miscellaneous Assemblers and Fabricators 25%
Team Assemblers 23%
Metal Workers and Plastic Workers 15%
Welding, Soldering, and Brazing Workers 6%
Other Production Occupations 6%
Transportation and Material Moving Occupations 7%
Material Moving Workers 6%
Laborers and Material Movers, Hand 6%
Source: Bureau of Labor Statistics

Military Armored Vehicle, Tank & Tank Component Manufacturing Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • Incident Control Systems trademarks "REVOLUTION ARMOR" - Armour plate and armour plating; Metallic armoured doors - 10/23/2015

  • Top Innovators

    CompanyInnovation Score
    High Impact Technology16
    Granite Tactical Vehicles

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Army’s requirement of ‘theatre-wise’ tanks and vehicles could face development and logistical issues - In addition, the Future Infantry Combat Vehicle (FICV) will be the primary solution to the replacement of the army’s existing infantry combat vehicles. Army Chief General Bipin Rawat at a seminar on ‘Future Armoured Vehicles India 2017’ held here ... (11/16/2017)
    • Indian Army issues fresh RFI for Future Ready Combat Vehicle - to develop and build 1,770 multipurpose Future Ready Combat Vehicles (FRCVs) for the Indian Army (IA) to replace the service’s ageing fleet of T-72 main battle tanks (MBTs). Issued on 8 November the RFI invites original equipment manufacturers (OEMs ... (11/08/2017)
    • The U.S. Army Is Finally Getting a New Tank (Sort Of) - The latest upgraded version of the iconic Abrams Main Battle Tank has begun its slow roll off the assembly line, with the first of six M1A2 System Enhancement Package Version 3 production vehicles ... Manufacturing Center in Lima, Ohio and at the Anniston ... (10/13/2017)
    • When Army's T-90 tanks, it's time to worry - The Indian Army plans to make its ... purchase of third-generation anti-tank missiles capable of hitting targets upto 8 km away during day or night. It has also approved $375 million for the purchase of armoured vehicle protection and counter-measure ... (08/25/2017)
    • Tank show rolls into I-X Center as historical blast from the past (photos) - CLEVELAND, Ohio - A roaring, clanking blast from the past will be offered as the International Exposition Center returns to its roots as a former tank manufacturing ... M114 and M551 Sheridan armored vehicles. Additionally, military aircraft will be ... (06/21/2017)
    • The US is looking at a major tank upgrade, but a weapon to counter it is already out there - The US Army is considering various systems to better shield tanks and armored ... Whenever US vehicles equipped with APS join similarly outfitted vehicles in the field, they will face a new challenge from an old foe, the RPG. Russian arms manufacturers ... (06/10/2017)
    • Dana Incorporated marks purchase of U.S. Manufacturing at former Army Tank Plant in Warren - Dana Incorporated recently marked its pending purchase of U.S. Manufacturing ... production of American military tanks. During WWII, the facility produced a quarter of all tanks built in the U.S. It was used to produce armored vehicles until 1997. (03/07/2017)
    • Grounded Arjun tanks to be operationalised soon - Now we are getting the components and the fleet will be operationalised in the coming months." The Army has inducted around 125 Arjun tanks developed by the Defence Research and Development Organisation and manufactured by state owned Heavy Vehicles ... (01/11/2017)
    • Army and Marines To Test Israeli-Built Missile-Killing Tank Defense System - The U.S. Army and Marine Corps will jointly test a so-called "active protection" system. These tanks and other armored vehicles will be fitted with ... The "soft" kill component of Trophy consists of jammers designed to jam radio signals providing steering ... (04/22/2016)
    • Is India's Main Battle Tank Finally Doomed? - “The Indian Army is planning to design and develop a new generation, state-of-the-art combat vehicle platform for populating its armored fighting ... manufactured components. However, a decision to indigenously develop a new anti-tank missile to be ... (06/17/2015)

    Government Contracts

    In 2016, the federal government spent a total of $3,830,642,119 on Military Armored Vehicle, Tank & Tank Component Manufacturing. It has awarded 2,290 contracts to 211 companies, with an average value of $18,154,702 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Armored military vehicles (except tanks) and parts manufacturing, Tanks, military (including factory rebuilding), manufacturing, Weapons, self-propelled, etc.

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