2025 Military Armored Vehicle, Tank & Tank Component Manufacturing Industry Report

Industry Overview

This U.S. industry comprises establishments primarily engaged in manufacturing complete military armored vehicles, combat tanks, specialized components for combat tanks, and self-propelled weapons.
Source: U.S. Census Bureau

Market Size and Industry Forecast

The Military Armored Vehicle, Tank and Tank Component Manufacturing industry report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2020 to 2030 reflect industry trends and growth patterns. Revenues include both public and private companies in the Military Armored Vehicle, Tank & Tank Component Manufacturing industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Military Armored Vehicle, Tank & Tank Component Manufacturing companies in the United States.

Distribution by Company Size

Company Size	All Industries	Military Armored Vehicle, Tank & Tank Component Manufacturing
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Military Armored Vehicle, Tank & Tank Component Manufacturing Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Military Armored Vehicle, Tank & Tank Component Manufacturing Industry Product Mix

Product Description	Description	Revenue ($ Millions)
Military armored vehicles and tank parts mfg.
Military armored vehicles, tanks, and tank components
Tanks, including parts
Self-propelled weapons/parts and other combat/utility vehicles
Military armored vehicles, tanks, & tank comp., nsk, total
Mil. armored veh/tanks/tank comp., nsk, nonadmin-records

Military Armored Vehicle, Tank & Tank Component Manufacturing Industry Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	7%
Chief Executives	0%
General and Operations Managers	2%
Architecture and Engineering Occupations	8%
Engineers	6%
Office and Administrative Support Occupations	8%
Installation, Maintenance, and Repair Occupations	5%
Production Occupations	55%
Assemblers and Fabricators	30%
Miscellaneous Assemblers and Fabricators	28%
Assemblers and Fabricators, All Other, Including Team Assemblers	26%
Metal Workers and Plastic Workers	13%
Welding, Soldering, and Brazing Workers	6%
Welders, Cutters, Solderers, and Brazers	5%
Other Production Occupations	7%
Transportation and Material Moving Occupations	6%
Material Moving Workers	6%

Government Contracts

The federal government spent an annual total of $3,830,642,119 on the military armored vehicle, tank & tank component manufacturing industry. It has awarded 2,290 contracts to 211 companies, with an average value of $18,154,702 per company.

Top Companies in Military Armored Vehicle, Tank & Tank Component Manufacturing and Adjacent Industries

Company	Address	Revenue ($ Millions)