| Product Code: ETC4832880 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Lithuania continued to rely on key suppliers such as the USA, Germany, and others for its armored vehicles imports. Despite a concerning high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a significant decline with a CAGR of -16.4% from 2020 to 2024. The growth rate plummeted by -39.39% from 2023 to 2024, signaling potential challenges and shifts in the armored vehicles import market for Lithuania. Stakeholders should closely monitor these trends for strategic planning and decision-making.

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 Lithuania Armored Vehicles Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania Armored Vehicles Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania Armored Vehicles Market - Industry Life Cycle |
3.4 Lithuania Armored Vehicles Market - Porter's Five Forces |
3.5 Lithuania Armored Vehicles Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.6 Lithuania Armored Vehicles Market Revenues & Volume Share, By Mobility, 2021 & 2031F |
3.7 Lithuania Armored Vehicles Market Revenues & Volume Share, By System, 2021 & 2031F |
4 Lithuania Armored Vehicles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing defense budget in Lithuania |
4.2.2 Rising focus on modernizing military equipment |
4.2.3 Growing geopolitical tensions in the region |
4.3 Market Restraints |
4.3.1 High cost of armored vehicles |
4.3.2 Limited domestic production capabilities |
4.3.3 Stringent regulations on defense exports |
5 Lithuania Armored Vehicles Market Trends |
6 Lithuania Armored Vehicles Market Segmentations |
6.1 Lithuania Armored Vehicles Market, By Platform |
6.1.1 Overview and Analysis |
6.1.2 Lithuania Armored Vehicles Market Revenues & Volume, By Combat Vehicles, 2021-2031F |
6.1.3 Lithuania Armored Vehicles Market Revenues & Volume, By Combat Support Vehicles, 2021-2031F |
6.1.4 Lithuania Armored Vehicles Market Revenues & Volume, By Unmanned Armored Ground Vehicles, 2021-2031F |
6.2 Lithuania Armored Vehicles Market, By Mobility |
6.2.1 Overview and Analysis |
6.2.2 Lithuania Armored Vehicles Market Revenues & Volume, By Wheeled, 2021-2031F |
6.2.3 Lithuania Armored Vehicles Market Revenues & Volume, By Tracked, 2021-2031F |
6.3 Lithuania Armored Vehicles Market, By System |
6.3.1 Overview and Analysis |
6.3.2 Lithuania Armored Vehicles Market Revenues & Volume, By Engine, 2021-2031F |
6.3.3 Lithuania Armored Vehicles Market Revenues & Volume, By Drive Systems, 2021-2031F |
6.3.4 Lithuania Armored Vehicles Market Revenues & Volume, By Ballistic Armor, 2021-2031F |
6.3.5 Lithuania Armored Vehicles Market Revenues & Volume, By C2 Systems, 2021-2031F |
6.3.6 Lithuania Armored Vehicles Market Revenues & Volume, By Mode of Operation, 2021-2031F |
7 Lithuania Armored Vehicles Market Import-Export Trade Statistics |
7.1 Lithuania Armored Vehicles Market Export to Major Countries |
7.2 Lithuania Armored Vehicles Market Imports from Major Countries |
8 Lithuania Armored Vehicles Market Key Performance Indicators |
8.1 Number of defense contracts awarded for armored vehicles |
8.2 Research and development investments in armored vehicle technologies |
8.3 Percentage increase in defense spending allocated to armored vehicles |
8.4 Number of joint military exercises involving armored vehicles |
8.5 Adoption rate of advanced features in newly procured armored vehicles |
9 Lithuania Armored Vehicles Market - Opportunity Assessment |
9.1 Lithuania Armored Vehicles Market Opportunity Assessment, By Platform, 2021 & 2031F |
9.2 Lithuania Armored Vehicles Market Opportunity Assessment, By Mobility, 2021 & 2031F |
9.3 Lithuania Armored Vehicles Market Opportunity Assessment, By System, 2021 & 2031F |
10 Lithuania Armored Vehicles Market - Competitive Landscape |
10.1 Lithuania Armored Vehicles Market Revenue Share, By Companies, 2024 |
10.2 Lithuania Armored Vehicles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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