DUBLIN--(BUSINESS WIRE)--Sep 13, 2018--The "Global Main Battle Tank Market Segmented by Generation, and by Geography - Growth, Trends, and Forecast (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

More than 3,500 MBTs are expected to be procured by 2023, of which Ukraine will control more than half of the Tank Market by 2020 with procurement of new High End Tanks mainly manufactured by the US and Germany.

The Tank Market is buzzing in countries like Germany, Russia, and India. Russia introduced its T-14 Armata Tank in 2015 and the Tank is capable of engaging targets up to a distance of 8 km.

With higher production of relatively cheaper Main Battle Tanks by China and Pakistan jointly, the Main Battle Tank Market is bound to expand with more and more orders from developing nations looking to expand their military footprint.

With growing demand to counter terrorism and to strengthen national borders, several countries in Middle-East, Asia-Pacific, and South America will procure Main Battle Tanks to modernize and upgrade their armored fighting vehicles fleet during the forecast period.

Recent Market Developments

Vietnam placed an order for 64 T-90S/SK Main Battle Tanks from Russia.

Companies Profiled

Oto Melara Uralvagonzavod General Dynamics Kraus - Maffei Wegman GmbH Maschinenbau Kiel Norinco Defence Research & Development Organisation BAE Systems Hyundai Rotem Mitsubishi Heavy Industries NEXTER Group Malyshev Factory

Key Topics Covered

1. Introduction

2. Research Methodology

3. Market Insights

4. Market Dynamics

5. Main Battle Tank Market, Segmented by Generation

6. Main Battle Tank Market, Segmented by Geography

7. Competitive Landscape

8. Company Profiles

9. Future Market Outlook

For more information about this report visit https://www.researchandmarkets.com/research/2x6422/global_main?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180913006006/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Tanks and Armored Vehicles

KEYWORD:

INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/13/2018 03:25 PM/DISC: 09/13/2018 03:25 PM

http://www.businesswire.com/news/home/20180913006006/en