Military Tent & Shelter Market Size, Growth, Analysis, Outlook by 2021 - Trends, Opportunities and Forecast to 2027
Category: #technology  By Ronak Bora  Date: 2021-08-24
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Military Tent & Shelter Market Size, Growth, Analysis, Outlook by 2021 - Trends, Opportunities and Forecast to 2027

The military tent & shelter market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

With increasing geo-political tensions, countries across the world are focusing on strengthening their defense operations and increasing the expenditure for the same. This is estimated to foster the business space of military tent & shelter market. Besides, rising joint military training exercises across several counties for strategic signaling and demonstrating control over particular territory has evoked the demand for advanced and efficient military equipment and other required products. This is complementing the product demand further.

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With increasing product demand, several prominent players in military tent & shelter market are focusing on developing more advanced offerings in order to meet the burgeoning demand effectively. Such developments are not only bolstering their market presence but are also positively impacting the business space. Quoting an instance of such product development, in 2019, Core Composites announced the launch of its all-composite prototype- Joint Warfighter Shelter of the Future which reportedly was funded by the US Army Medical Material Development Activity (USAMMDA). According to the company, this product stands out to be a next-generation expandable, rigid wall and surgical shelter that can be used as a field hospital in wartime, a tank repair shop or as a shelter for military personnel.

Rigid military tents, which are manufactured using metals and composite materials including corner columns, walls, roofs and floor, are witnessing heightened demand today. This is majorly due to their ability to sustain under extreme temperature, environment and geography. These tents are also corrosion resistant and require less field and deport maintenance. In addition, military rigid tents usually require minimum site preparation with no specialized set-up. Considering the above-mentioned factors, rigid military tents segment is projected to witness a significant CAGR of over 1% through 2027.

Military tents find important usage in medical facilities which is increasing their demand for this application. For instance, emergency tents and inflatable medical tents are largely used as a primary structure for faster deployment during a war situation. These tents are easy to erect, pack and store and are rigid enough to be used in any climate and weather conditions. Given the high product usability, medical facilities segment in military tent & shelter market is anticipated to hold a substantial market share of more than 15% by 2027.

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In terms of the regional outlook, military tent & shelter market in Europe is anticipated to record a substantial market share of over 30% by 2027. This can be attributed to the thriving defense industry in the region owing to EU countries’ compliance to the U.S. which mandated 2% of GDP to be spent on North Atlantic Treaty Organization (NATO). Given that, ten nations out of 30 NATO countries spend over 2% of their GDP for defense. Increasing expenditure by countries such as Russia and Greece due to rising geo-political tensions is fueling the product demand significantly. Besides, increasing peacekeeping initiatives by European nations across foreign countries is enhancing military tent & shelter industry growth.

Prominent product manufacturers such as General Dynamics, HDT Global, Marshall Aerospace and Defence Group, Veldeman, CAMSS Shelters, World Housing Solutions, Total Tent Solutions, HTS tentiQ GmbH, etc. are focusing on developing cutting edge technologies and working closely with defense organizations to improvise the product capabilities.

Major Key Points from Table of Content:

Chapter 4   Military Tent & Shelter Market, By Type

4.1    Global military tent & shelter market type insights

4.2    Rigid

4.2.1    Market estimates and forecast, 2017 – 2027

4.2.2    Market estimates and forecast, by region, 2017 – 2027

4.3    Non-rigid

4.3.1    Market estimates and forecast, 2017 – 2027

4.3.2    Market estimates and forecast, by region, 2017 – 2027

Chapter 5   Military Tent & Shelter Market, By Application

5.1    Global military tent & shelter market application insights

5.2    Accommodation & operations

5.2.1    Market estimates and forecast, 2017 – 2027

5.2.2    Market estimates and forecast, by region, 2017 – 2027

5.3    Repair & maintenance

5.3.1    Market estimates and forecast, 2017 – 2027

5.3.2    Market estimates and forecast, by region, 2017 – 2027

5.4    Storage

5.4.1    Market estimates and forecast, 2017 – 2027

5.4.2    Market estimates and forecast, by region, 2017 – 2027

5.5    Medical facilities

5.5.1    Market estimates and forecast, 2017 – 2027

5.5.2    Market estimates and forecast, by region, 2017 – 2027

5.6    Others

5.6.1    Market estimates and forecast, 2017 – 2027

5.6.2    Market estimates and forecast, by region, 2017 – 2027

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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