According to a new market report published by Lucintel, the future of the global military shelter market looks good with opportunities in military shelter camp, vehicle mounted, containers, and command & control shelters. The Military Shelter market is expected to grow with a CAGR of 2.2% from 2021 to 2027. The major growth drivers for this market are increasing military expenditure and mobility attributes of shelters for ease of quick deployments.
In this market, hard wall and soft wall military shelters are used. Lucintel forecasts that hard wall shelter will remain the largest product type and witness the highest growth over the forecast period due to its longer service life and growing defense expenditure.
Within this market, military shelter camp will remain the largest application over the forecast period as it is convenient in assembly, disassembly and transportation. The vehicle mounted shelter is expected to witness the highest growth during the forecast period supported by increasing demand for multipurpose and customized shelters.
North America is expected to remain the largest region during the forecast period due to its higher defense budget by US government. Asia Pacific is expected to witness the highest growth during the forecast period supported by the growing military expenditure.
Emerging trend, which have direct impact on the dynamics of the industry, include technological advancement of raw materials to achieve higher mobility of shelters. General Dynamics (ATP), AAR Mobility Systems, Kratos (Gichner), Marshal Specialist Vehicles, Roder HTS Hocker, DHS System (DRASH), Ramim, Zeppelin Mobile Shelters, MMIC, Weatherhaven, and Berg Co. are among the major suppliers of military shelters.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global military shelter market by shelter type, application type, material type, and region, resulting in a comprehensive research report entitled, “Growth Opportunities in the Global Military Shelter Market 2022-2027: Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the military shelter market by shelter type, application type, material type, and by region as follows:
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By Shelter type [Value ($M) from 2016 to 2027]:
· Hard Wall Shelter
· Soft Wall Shelter
By Application type [Value ($M) from 2016 to 2027)]:
· Military Shelter Camp
· Vehicle Mounted Shelter
· Containers
· Command & Control Shelter
· Other Shelters
By Material type [Value ($M) from 2016 to 2027)]:
· Composite Materials
· Conventional Materials
By Region [Value ($M) from 2016 to 2027)]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
Browse 42 market data tables and 68 figures spread through 169 pages and in-depth TOC on “Global Military Shelter Market"
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This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global military shelter market by shelter type (hard wall and soft wall), by application type (Military shelter camp, vehicle mounted shelter, containers, command & control shelter, and other shelters), by material type (composite and conventional), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5 What are the business risks and threats of this market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M&A activity has occurred in the last 5 years? |