Ascending military spending of governments and notable rise in border conflicts continues to push sales of deployable military shelters on a global level. The global deployable military shelter market will most likely surpass the value of US$ 1 Bn by 2029, as projected by a new Future Market Insights (FMI) report. Witnessing healthy growth in revenues over 2019 – 2029, demand for deployable military shelters will be prominent in temporary military bases in conflict affected areas as well as overseas.
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Key Takeaways – Deployable Military Shelter Market Study
- North America’s deployable military shelter market would register robust growth, driven by increasing spending on military and military personnel by the region’s governments.
- Vehicle-mounted shelters are set to witness substantial demand in the deployable military shelter market owing to increase in the need for mobile tactical operation centers.
- Sales of polymer-based deployable military shelters continues to grow at a remarkable rate, owing to their lighter weight and higher strength as compared to shelters made from composite materials.
Manufacturers in the deployable military shelter market should eye profits in the military shelters with carbon-hybrid structures. These structures are lighter in weight but have a stronger frame that provides high snow and wind tolerance as compared to their conventional counterparts. They also tend to occupy lesser space volume, thereby reducing storage and transportation costs for the military.
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Military Spending on Rise
The global deployable military shelter market is set for witness significant growth in the foreseeable future, attributable to growth in the number of overseas military bases around the world due to political unrest, and war on terror. While the U.S., China, and Russia remain top markets owing to their highest military expenditure, economies such as India, North Korea, and Saudi Arabia also represent lucrative markets for manufacturers of deployable military shelters. This high growth potential is attributable to their expanding military budgets.
Deployable Military Shelter Market: Competitive Landscape Analysis
The global deployable military shelter market is highly consolidated, with tier-1 players accounting for nearly half of the market share. Some of the key market players included in the report are Alaska Structures, General Dynamics Corporation, and AAR. The deployable military shelter market has witnessed significant advancements from key players in the recent past. Mergers & acquisitions, expansion of manufacturing facilities, and product development are some of the key strategies adopted by market players to retain their position in the global deployable military shelter market.
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