Request Free Sample
×
China Armored Personnel Carrier Market
ID: MRFR/AD/56308-HCR
200 Pages
June 2025
China Armored Personnel Carrier Market Size, Share, Industry Trend & Analysis Research Report By Application (Military Operations, Civilian Protection, Peacekeeping Missions, Counter-Terrorism Operations), By Armour Type (Composite Armour, Steel Armour, Ceramic Armour, Soft Armour), By Vehicle Capacity (2-4 Personnel, 5-10 Personnel, 11-20 Personnel, 21+ Personnel) and By End Use (Defense Forces, Law Enforcement Agencies, Private Security)- Forecast to 2035
Industry Developments
Recent developments in the China Armored Personnel Carrier Market have shown significant growth and innovation, driven by increased military modernization efforts. Companies such as China North Industries Group and China South Industries Group continue to enhance their product lines, focusing on advanced technology integration and performance improvement. In August 2023, China announced new collaborations with companies like Harbin Aircraft Industry Group and AVIC to boost Research and Development in armored vehicles.
This initiative aims to improve indigenous production capabilities. Furthermore, the China National Defense Industry Corporation reported an uptick in market valuation for key players including Norinco and General Dynamics Land Systems, reflecting increased government spending on military equipment. In May 2023, Oshkosh Defense signed a strategic partnership with Zhong Tian United to explore joint production opportunities, reinforcing their presence in the region.
Additionally, Rheinmetall's recent investment in local manufacturing facilities signifies a strengthening of foreign interest in the Chinese market. Over the last few years, the global and regional demand for armored personnel carriers has been on the rise, with China aiming to enhance its defense mechanisms and operational efficiency across multiple fronts.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 0.85(USD Billion) |
| MARKET SIZE 2024 | 1.23(USD Billion) |
| MARKET SIZE 2035 | 1.76(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.311% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Thales Group, Wheeled Armored Vehicle Company, China North Industries Group, China South Industries Group, Oshkosh Defense, Rheinmetall, Harbin Aircraft Industry Group, Chengdu Aircraft Industry Group, AVIC, Norinco, General Dynamics Land Systems, Navistar Defense, Zhong Tian United, BAE Systems, Shenyang Aircraft Corporation |
| SEGMENTS COVERED | Application, Armour Type, Vehicle Capacity, End Use |
| KEY MARKET OPPORTUNITIES | Modernization of military fleets, Increased demand for troop transport, Growth in domestic production capabilities, Rising tensions and security concerns, Expansion of defense budgets and investments |
| KEY MARKET DYNAMICS | increasing defense expenditures, modernization of military fleets, geopolitical tensions, heightened security concerns, technological advancements in warfare |
| COUNTRIES COVERED | China |
FAQs
What is the expected market size of the China Armored Personnel Carrier Market in 2024?
The market is expected to be valued at 1.23 billion USD in 2024.
What is the projected market size of the China Armored Personnel Carrier Market by 2035?
By 2035, the market is anticipated to reach a value of 1.76 billion USD.
What is the expected compound annual growth rate (CAGR) for the China Armored Personnel Carrier Market from 2025 to 2035?
The market is expected to grow at a CAGR of 3.311 percent during the forecast period of 2025 to 2035.
Which application segment is projected to have the highest market value in 2024?
The Military Operations segment is projected to have the highest market value at 0.52 billion USD in 2024.
What is the expected market value of the Civilian Protection application by 2035?
The Civilian Protection application is expected to reach a market value of 0.4 billion USD by 2035.
Who are the key players in the China Armored Personnel Carrier Market?
Major players in the market include Thales Group, China North Industries Group, and Rheinmetall among others.
What is the expected value of the Counter-Terrorism Operations segment in 2024?
The Counter-Terrorism Operations segment is expected to be valued at 0.23 billion USD in 2024.
What market growth trends are observed in the China Armored Personnel Carrier Market?
The market is poised for growth, driven by military modernization and increasing security concerns in both military and civilian applications.
What is the anticipated market size for Peacekeeping Missions application by 2035?
The expected market size for Peacekeeping Missions is projected to reach 0.25 billion USD by 2035.
How do current global conflicts impact the China Armored Personnel Carrier Market?
Current global conflicts are driving demand for armored personnel carriers to enhance military capabilities and security measures.
Download Free Sample
Kindly complete the form below to receive a free sample of this Report
Customer Stories
“This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job”
Noah Malgeri
Co-Founder
“Thanks. It’s been a pleasure working with you, please use me as reference with any other Intel employees.”
Joseph Aguayo
Sales Operations & Pricing Manager
“Thanks for sending the report it gives us a good global view of the Betaïne market.”
Peter Groot koerkamp
Account and Business Manager
“Thank you, this will be very helpful for OQS.”
La Terria Dodd
Program Support Specialist
“We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.”
Younghwan Choi
Senior Retail Manager
“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”
Mark Irwin
Management Consultant
“I have been reading the first document or the study, ,the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!”
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA
“We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.”
Akif Moroglu
Strategy & Business Development Director
Case Study
Aerospace & Defense
Leave a Comment