Military Land Vehicles Market - Global Industry Trends, Segments, Share Analysis and Forecast to 2020

New York, NY -- (SBWIRE) -- 07/03/2015 -- Land military is one of the basic forms of border defense of a country. Military land vehicles have been growing at a rapid pace due to increasing purchases by the emerging economies with large population who need increased land-protection. However, the military land vehicles market is expected to grow at a sluggish rate in the short term due to austerity in several major markets. The economic slowdown in Europe is another factor for the low growth in the short term. The traditional markets for military land vehicles such are the U.S. are mostly up-grading and maintaining their existing military fleets rather than replacing them with the new ones.