Main battle tank market crowded but lucrative - report
Over 3 800 main battle tanks worth more than $17.2 billion will be produced through 2025, according to a new report, which says that the market remains lucrative despite a glut. In its Market for Tanks report, Forecast International earlier this month said that heavy armour remains a highly adaptable force multiplier on the modern battlefield and is second only to the infantryman in terms of combat effectiveness. According to the report, high-end tanks will account for 24.1 percent of all new production, worth 43 percent of the market, during the next 10 years. “The international market for main battle tanks continues to exhibit two distinct product tiers. The upper tier consists of state-of-the-art designs with correspondingly high price tags, while the lower tier features cheaper, more widely available tanks, mostly designs from the former Soviet Union,” Forecast International said. According to the analysis, in terms of sheer numbers, Pakistan’s Al-Khalid, Russia’s T-90 (including India’s licensed T-90S), and China’s Type 98 will continue to drive the market, accounting for 53.7 percent of all new tanks rolling out worldwide and representing 37.9 percent of the market’s value through 2025.