Shopping Cart  |  Intelligence Center


HOME PRODUCTS & SERVICES MEDIA CENTER CONSULTING SERVICES DEMOS SALES OFFICES OUR COMPANY LOG IN

FORECAST INTERNATIONAL PREDICTS $213 BILLION REGIONAL MARKET OVER 15 YEARS
Sep 26, 2017
FULL SPEED AHEAD FOR ANTI-SHIP MISSILE MARKET
Sep 13, 2017
AIRCRAFT CARRIERS MARK GROWTH OF REGIONAL NAVIES
Sep 12, 2017
TWO SHIP COLLISIONS RAISE QUESTIONS
Aug 24, 2017
RISING TENSIONS IN THE KOREAN PENINSULA HIGHLIGHT THAAD MISSILE'S KEY ROLE
Aug 10, 2017
FORECAST INTERNATIONAL LAUNCHES IMPROVED U.S. DEFENSE BUDGET DATABASE
Aug 08, 2017
FORECAST INTERNATIONAL: BOEING ON A ROLL; BOTH CIVIL AND MILITARY MARKETS REMAIN STRONG
Aug 01, 2017
DEFENSE FIRMS SEE STRONG GROWTH POTENTIAL AS UPSWING BEGINS
Jul 18, 2017
COMMERCIAL COMSAT MAKERS CASHING IN ON HOT MARKET
Jul 12, 2017
FORECAST INTERNATIONAL: 15-YEAR WORLD AVIATION TURBOSHAFT MARKET WORTH $34 BILLION
Jun 20, 2017
FORECAST INTERNATIONAL PREDICTS $4.15 TRILLION LARGE JETLINER MARKET OVER 15 YEARS
Jun 19, 2017
FOLLOWING U.S. ATTACK ON SYRIAN AIR BASE, FI OFFERING DETAILED TOMAHAWK CRUISE MISSILE REPORT
Apr 07, 2017
POLITICS TO AFFECT SHAPE OF U.S. DEFENSE ELECTRONICS MARKET
Mar 28, 2017
FORECAST INTERNATIONAL: HIGHER DEFENSE BUDGETS LIKELY TO GIVE MEDIUM/HEAVY MILITARY ROTORCRAFT MARKET A LIFT
Mar 07, 2017
FORECAST INTERNATIONAL ISSUES 'LAUNCH VEHICLES: YEAR IN REVIEW 2016.' STAGE SET FOR RENEWED ACTIVITY IN 2017
Jan 30, 2017
FPSO CONSTRUCTION POWERING MECHANICAL DRIVE MARKET
Dec 13, 2016
ROLLS-ROYCE RULES THE NAVAL GAS TURBINE MARKET
Dec 12, 2016
FORECAST INTERNATIONAL RELEASES VERSION 3.1 OF ITS PLATINUM FORECAST SYSTEM
Dec 07, 2016
BUSINESS JET MARKET TO RESUME POSITIVE GROWTH TREND
Oct 31, 2016

Press Release

Contact: Dean Lockwood, Weapons Systems Analyst

Phone: (203) 426-0800

Fax: (203) 426-1964

Web site: www.forecast1.com

E-mail: dean.lockwood@forecast1.com

Forecast International, Inc.

22 Commerce Rd. Newtown, CT  06470 USA

 

FOR IMMEDIATE RELEASE

World Market for Tanks Remains Split:

High-End Technology vs. Low-End Production

 

NEWTOWN, Conn. (March 14, 2005) ― Despite a glut of available tanks, the international main battle tank market remains a highly competitive and dynamic environment, populated by the established market powerhouses and an influx of energetic new players.  In its annual analysis “The World Market for Tanks,” the Forecast International Weapons Group projects the market will produce over 8,100 main battle tanks, worth in excess of $33 billion, through 2014.

 

The international main battle tank market continues its stratification into two basic tiers. The upper tier consists of the state-of-the-art designs with correspondingly high price tags. The lower tier features cheaper, more widely available tanks – mostly designs of the former Soviet Union. For most nations, including the United States, the expense associated with the modernization and retrofit of high-end main battle tanks pales in comparison with the prospect of new tank procurement. Thus, new production of high-end tanks – notably the AMX Leclerc, Ariete 2, Challenger 2, Karan, Leopard 2, M1A1 Abrams, Merkava Mark 4, and Japan’s Type 90 – will account for only about 14 percent of all production, worth less than 20 percent of the market, through the forecast period.

 

Dean Lockwood, a weapons systems analyst at Forecast International, notes that in terms of sheer numbers, Pakistan’s Al-Khalid, the Type 98 of the People’s Republic of China, and the Russian Federation’s T-90 represent the most significant new-production main battle tanks on the international market. Said Lockwood, “We expect production of these three tanks to account for nearly 43 percent of all new tanks rolling out worldwide, worth nearly 38 percent of the market in value, through 2014.”

 

In terms of new production, the days of U.S. and European domination over the international main battle tank market appear to be long gone. Nevertheless, the established U.S. and European players continue to make their presence felt. The Rheinmetall 120mm Rh 120 smoothbore ordnance is fast becoming the international main armament of choice. The state-of-the-art Krauss-Maffei Wegmann Leopard 2, as well as the combat-proven BAE Systems Challenger 2 and General Dynamics M1A1/A2 Abrams, continues to set the international standard for main battle tank design. Indeed, during Operation Desert Storm (1991) and Operation Iraqi Freedom (2003-present), U.S. and British armored forces clearly demonstrated to the world the unique combat capabilities of main battle tanks on the modern asymmetrical battlefield.

 

“Despite the wide variety of tanks available today on the international market, the fact remains that only the United Kingdom and the United States offer modern main battle tanks with proven combat records,” Lockwood said.  Although more advanced designs are available, the FV4034 Challenger, Challenger 2, M60, and M1A1/A2 Abrams can all boast of passing the ultimate test of combat. 

 

Forecast International, Inc., is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics.  Based in Newtown, CT, USA, Forecast International specializes in long-range industry forecasts and market assessments utilized by strategic planners, marketing professionals, military organizations, and governments worldwide.  To arrange an interview with Forecast International’s analysts, please contact Monty Nebinger (203-426-0800), monty.nebinger@forecast1.com



HOME PRODUCTS & SERVICES MEDIA CENTER CONTACT US PRIVACY STATEMENT TERMS AND CONDITIONS

Forecast International © 2017 22 Commerce Rd Newtown, CT 06470 USA Phone: 203.426.0800 Toll-Free: 800.451.4975 (USA & Canada) Fax: 203.426.0223 info@forecast1.com