15 November 2021
Visiongain has published a new report entitled the Military Shelter Market Report 2022-2032: Forecasts by Shelter Type (Rigid Shelters, Non-rigid Shelters), by Application (Military Camp, Vehicle Mounted, Containers Shelter, Command Posting), by Product (Portable, Stationary), by Size Type (New Large Shelter, Small Shelter), by Material Type (Composite Material, Conventional Material) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.
The global military shelter market was valued at US$xx million in 2021 and is projected to grow at a CAGR of xx% during the forecast period 2022-2032. Rise in defense budgets of countries; increasing territorial disputes among the countries; increase in investment towards the procurement of robust military shelter systems among the developing countries; and features & benefits associated with the military shelter are some of the major factors that boosting the growth of global military shelter market.
How has COVID-19 had a slight negative impact on the Military shelter market?
In the year 2020, the COVID-19 pandemic had a negative impact on growth of the global military shelter market. For instance, the COVID-19 pandemic has forced countries to deprioritized spending and reduce the research & development efforts in defense sector.
However, the decline in the market growth is short term and the market is expected to witness significant growth rate in post pandemic. For instance, the demand for military shelter has seen upsurge as temporary military shelters are being deployed in a number of countries that are to be used as a temporary COVID-19 medical center. In addition to this, governments of different nations are deploying armed forces to support the response to the COVID-19. Thus, creating growth opportunities for the market growth.
How this Report Will Benefit you?
Our new study is suitable for anyone requiring commercial, in-depth analyses for the global Military shelter market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for military shelter systems. Get the financial analysis of the overall market and different segments including shelter type, application, product, size type, and material type and capture higher market share. We believe that high opportunity remains in this fast-growing Military shelter market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report would help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.
What are the current market drivers?
Features and benefits associated with the military shelter, rise in defense spending of the countries, procurement of advanced military shelters and tents by the governments, and rise in domestic & overseas troop deployment are the major drivers boosting the global military shelter market.
As of March 2021, the United States maintains largest active troop presence overseas as compared with any of the country around the globe, with over 170,000 active duty military personnel or soldiers are based abroad. This trend of domestic and overseas troop deployment significantly boosts demand for military shelters for various applications associated with the troops living and military operations.
Where are the market opportunities?
Rise in focus towards development of portable, lightweight, and cost-efficient military shelter systems is one of the major factors that will boost the market growth during the forecast period 2021-2031. For instance, in April 2020, the Mobility Systems division of AAR CORP., a leading supplier of rapid deployment equipment awarded with a contract from the U.S. Army to produce and provide three variants of Lightweight Multipurpose Shelters (LMS).
In addition to this, upsurge in military and humanitarian operations/missions is expected to propel the military shelter market growth in upcoming years. For instance, in 2018, NATO introduced a training mission in Iraq, which aimed at development of the capacity of Iraq’s security forces, its national defence academies, and its defence & security institutions.
The major players operating in the Military shelter market are Lockheed Martin Corporation, AAR Corp, Alaska Structures, General Dynamics, DREHTAINER GmbH, Kärcher Futuretech GmbH, Weatherhaven, Kratos Defense & Security Solutions, Inc., HDT Global, Sprung Structures, Marshall Aerospace and Defence Group, HTS tentiQ, Anchor Industries, Inc., UTS Systems, SaaB AB, and Rubb Building Systems.
These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new products launch. For instance, in May 2019, a Bristol company launched next-generation military shelter. It is a new mobile shelter that could be used as a tank repair shop, a wartime field hospital, or a shelter for military personnel. In addition, several contracts and agreements are being observe in the global military shelter industry. For instance, in June 2019, expeditionary systems business of HDT Global won a potential four-year, $200M contract with the Defense Logistics Agency, a combat support agency in the United States Department of Defense to provide shelters and tents to four military branches.
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