| Product Code: ETC5030994 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Belgium`s import of armored vehicles in 2024 saw significant growth, with top exporting countries being the Netherlands, USA, UK, Switzerland, and Germany. The market remained highly concentrated with a high Herfindahl-Hirschman Index (HHI) in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 69.95%, indicating a robust expansion in the market. Moreover, the growth rate from 2023 to 2024 surged to 314.23%, reflecting a rapid acceleration in import shipments of armored vehicles into Belgium.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Armored Vehicle Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Armored Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Armored Vehicle Market - Industry Life Cycle |
3.4 Belgium Armored Vehicle Market - Porter's Five Forces |
3.5 Belgium Armored Vehicle Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.6 Belgium Armored Vehicle Market Revenues & Volume Share, By Mobility, 2021 & 2031F |
3.7 Belgium Armored Vehicle Market Revenues & Volume Share, By System, 2021 & 2031F |
4 Belgium Armored Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced security solutions due to rising security threats |
4.2.2 Government initiatives to modernize its armed forces and law enforcement agencies |
4.2.3 Growing focus on border security and counter-terrorism measures |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with armored vehicles |
4.3.2 Strict regulations and compliance requirements for manufacturing and procurement of armored vehicles |
5 Belgium Armored Vehicle Market Trends |
6 Belgium Armored Vehicle Market Segmentations |
6.1 Belgium Armored Vehicle Market, By Platform |
6.1.1 Overview and Analysis |
6.1.2 Belgium Armored Vehicle Market Revenues & Volume, By Combat Vehicles, 2021-2031F |
6.1.3 Belgium Armored Vehicle Market Revenues & Volume, By Combat Support Vehicles, 2021-2031F |
6.1.4 Belgium Armored Vehicle Market Revenues & Volume, By Unmanned Armored Ground Vehicles, 2021-2031F |
6.2 Belgium Armored Vehicle Market, By Mobility |
6.2.1 Overview and Analysis |
6.2.2 Belgium Armored Vehicle Market Revenues & Volume, By Wheeled, 2021-2031F |
6.2.3 Belgium Armored Vehicle Market Revenues & Volume, By Tracked, 2021-2031F |
6.3 Belgium Armored Vehicle Market, By System |
6.3.1 Overview and Analysis |
6.3.2 Belgium Armored Vehicle Market Revenues & Volume, By Engine, 2021-2031F |
6.3.3 Belgium Armored Vehicle Market Revenues & Volume, By Drive System, 2021-2031F |
6.3.4 Belgium Armored Vehicle Market Revenues & Volume, By Ballistic Armor, 2021-2031F |
6.3.5 Belgium Armored Vehicle Market Revenues & Volume, By Turret Drives, 2021-2031F |
6.3.6 Belgium Armored Vehicle Market Revenues & Volume, By Ammunition Handling System, 2021-2031F |
6.3.7 Belgium Armored Vehicle Market Revenues & Volume, By Fire Control Systems (FCS), 2021-2031F |
6.3.8 Belgium Armored Vehicle Market Revenues & Volume, By Countermeasure System, 2021-2031F |
6.3.9 Belgium Armored Vehicle Market Revenues & Volume, By Countermeasure System, 2021-2031F |
7 Belgium Armored Vehicle Market Import-Export Trade Statistics |
7.1 Belgium Armored Vehicle Market Export to Major Countries |
7.2 Belgium Armored Vehicle Market Imports from Major Countries |
8 Belgium Armored Vehicle Market Key Performance Indicators |
8.1 Number of government contracts awarded for armored vehicle procurement |
8.2 Percentage increase in defense budget allocated towards armored vehicles |
8.3 Number of reported security incidents prompting the need for armored vehicles |
9 Belgium Armored Vehicle Market - Opportunity Assessment |
9.1 Belgium Armored Vehicle Market Opportunity Assessment, By Platform, 2021 & 2031F |
9.2 Belgium Armored Vehicle Market Opportunity Assessment, By Mobility, 2021 & 2031F |
9.3 Belgium Armored Vehicle Market Opportunity Assessment, By System, 2021 & 2031F |
10 Belgium Armored Vehicle Market - Competitive Landscape |
10.1 Belgium Armored Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Belgium Armored Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |