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The global main battle tank market size was valued at USD 5.35 billion in 2022. The market is projected to grow from USD 5.54 billion in 2023 to USD 6.90 billion by 2030, exhibiting a CAGR of 3.2% during the forecast period. Main battle tanks are armored vehicles equipped with advanced fire control systems, guns, and armor protection. They provide maneuverability and direct fire features are in high demand as countries work on enhancing their military strength amid geopolitical tensions, which will contribute to their increased demand. This information is provided by Fortune Business Insights, in its report titled, “Main Battle Tank Market, 2023-2030.”
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