Military Shelter Market: Current Analysis and Forecast (2024-2032)
Emphasis on By Type (Expandable, Personnel, Vehicle-Mounted, Command Post, and Container), By Material (Composites and Others), By Application (Military and Homeland Security) and Regions (North America (The US, Canada), Europe (Germany, The UK, France, Italy, Spain, Rest of the Europe), Asia-pacific (China, Japan, India, Rest of the Asia-pacific), Rest of the World)
Global Military Shelter Market Size & Forecast
The Global Military Shelter Market was valued at USD 1,095.50 million in 2023 and is expected to grow at a strong CAGR of around 1.5% during the forecast period (2024-2032) owing to rising demand for Military Shelter for medical transportation across the globe.
Global Military Shelter Market Analysis
The Global Military Shelter Market has witnessed a sizeable growth during 2022-2023. One of the factors that have supported the market growth is the rising military budget across the globe which has fueled the demand for military equipment and shelter for the impromptu stationing of personnel. Some of the leading countries with high budgets across the globe are the US, China, Russia, India, Saudi Arabia, the UK, etc. These countries have immensely invested in their military hardware and preparedness due to which the military shelters are further anticipated to be in demand.
The Global Military Shelter Market was valued at USD 1,095.50 million in 2023 and is expected to grow at a strong CAGR of around 1.5% during the forecast period (2024-2032). One of the key factors that has attributed to the rise of military shelter is the increasing military budget among the leading countries such as the US, China, Russia, India, etc. These countries have incessantly enhanced their military budget to prepare the ground forces to sustain any eventuality in the changing geopolitical tensions. According to the Stockholm International Peace Research Institute (SIPRI), the military budget expenditure of the top five countries the US, China, Russia, India, and Saudi Arabia USD 916 billion, USD 296 billion, USD 109 billion, USD 83.6 billion and USD 75.8 billion in 2023, exhibiting a growth of 2.3%, 6.0%, 24%, 4.2%, and 4.3% respectively from 2022.
Additionally, many of the companies have embarked on mobile and new-age military shelters which would be a lucrative area of growth and would help increase the market growth of military shelters. Fast inflation shelters are another product type that has gained its prominence as the ability to quickly set up the shelters for military personnel in the field is a crucial advantage that the ground forces seek.
As the expenditure on the ground forces increases across the globe and the demand for fast deployable shelters improves the demand for military shelters would further grow. Additionally, many other factors as high durability military shelter can provide some degree of enhanced protection against firearms. Considering these the Global Military Shelter Market would exhibit a notable growth in the forthcoming years i.e., 2024-2032.
Global Military Shelter Market Trends
This section discusses the key market trends that are influencing the various segments of the Global Military Shelter Market as identified by our team of research experts.
Geopolitical Tensions and Military Modernization
Geopolitical tensions across the globe have led to an increased defense budget and a focus on military modernization. Considering the deployment of military in various locations where access to road infrastructure and shelter is not available the militaries have resorted to the adoption of deployable military shelters that help in providing easy resting areas for the soldiers.
Many of the countries are facing regional conflicts such as China-Taiwan, Russia-Ukraine, Israel-Palestine, etc. These conflicts have led to an increased budget for military gear and equipment to accommodate the rising military needs. For instance, in 2022, the US government provided USD 40 billion military aid to Ukraine which included a sizeable number of military technology in both offensive and defensive capability. The following equipment also included military hospitals mobile, hanger tents, etc.
Various other geopolitical tensions across the globe have also led to military modernization such as Israel, Saudi Arabia, etc., which are constantly facing threats from aerial attacks on existing military shelters and are often using mobile military shelters for protecting their military assets and personnel.
North America is Expected to Hold Major Market Share During Forecast Period
The North America military shelter market has grabbed a major market share across the globe in 2023. Some of the factors that have assisted the market growth in North America is the presence of some of the leading defense spending countries as the US, Canada, Mexico, etc. These countries are not only the major defense spenders but also some of the leading defense manufacturers and exporters. The region also has a wide presence of companies involved in the manufacturing, research & development of military shelters which offers easy access to new-age and high-tech advanced military shelters.
Considering the high demand for military shelters many of the large-scale projects for the supply of military shelters have been observed in the region. For instance, in 2024, Ohio-based military shelter provider HDT Global received an order from the US Army to supply military tents with a total cost of USD 432.6 million. The project includes the production of 60 individual shelters for both expandable and non-expandable rigid wall shelters for expeditionary applications.
As the availability of advanced material-based military shelters is rising the demand for military shelters for various sets of military applications is further anticipated to rise in the coming period i.e., 2024-2032.
Global Military Shelter Industry Overview
The Global Military Shelter Market is competitive and fragmented, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are AAR, Alaska Structure Inc., Big Top Manufacturing, Survitech Group, General Dynamics Corporation, J&J Carter Limited, Marshall Aerospace and Defense Group, HDT Global, Utilis SAS, and Saab AB.
Global Military Shelter Market News
In 2023, the government of India announced to investment of around USD 2.8 billion for the procurement of military hardware, satellite and other communication, military gear, and protective equipment.
Additionally, in 2024, the government of India announced the construction of high-tech bunkers along with the Line of Actual Control with an accommodation capacity of 120 military personnel. The bunkers can withstand temperatures up to -30 degrees Celsius.
Global Military Shelter Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The Global Military Shelter Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs; hence, feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
1. Market Introduction
- Market Definitions
- Main Objective
- Stakeholders
- Limitation
2. Research Methodology Or Assumption
- Research Process of the Military Shelter Market
- Research Methodology of the Military Shelter Market
- Respondent Profile
3. Executive Summary
- Industry Synopsis
- Segmental Outlook
- Market Growth Intensity
- Regional Outlook
4. Market Dynamics
- Drivers
- Opportunity
- Restraints
- Trends
- PESTEL Analysis
- Demand Side Analysis
- Supply Side Analysis
- Investment Scenario
- Industry Insights: Leading Startups and Their Unique Strategies
5. Pricing Analysis
- Pricing Analysis
6. Global Military Shelter Market Revenue (usd Mn), 2022-2032f
- Global Military Shelter Market Revenue (usd Mn), 2022-2032f
7. Market Insights By Type
- Expandable
- Personnel
- Vehicle-Mounted
- Command Post
- Container
8. Market Insights By Material
- Composites
- Others
9. Market Insights By Application
- Military
- Homeland Security
10. Market Insights By Region
- North America
- U.S.
- Canada
- Rest of the North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of World
- North America
11. Value Chain Analysis
- Marginal Analysis
12. Competitive Landscape
- Competition Dashboard
- Competitor Market Positioning Analysis
- Porter Five Forces Analysis
13. Company Profiled
- AAR
- Company Overview
- Key Financials
- SWOT Analysis
- Product Portfolio
- Recent Developments
- Alaska Structure Inc.
- Big Top Manufacturing
- Survitech Group
- General Dynamics Corporation
- J&J Carter Limited
- Marshall Aerospace and Defense Group
- HDT Global
- Utilis SAS
- Saab AB
- AAR
14. Acronyms & Assumption
- Acronyms & Assumption
15. Annexure
- Annexure
Research Methodology for the Global Military Shelter Market Analysis (2024-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of the Global Military Shelter Market were the three major steps undertaken to create and analyze the adoption of Global Military Shelter in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted with industry experts across the value chain of the Global Military Shelter Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Global Military Shelter Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Global Military Shelter Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as by type, by material and by application. Further regional/country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Global Military Shelter Market. Further, we conducted factor analysis using dependent and independent variables such as by type, by material and by application in the Global Military Shelter Market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Global Military Shelter Market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Global Military Shelter Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors, including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques, i.e., the top-down/bottom-up approach, were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Global Military Shelter Market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Global Military Shelter Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs), including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Global Military Shelter Market. Data was split into several segments and sub-segments after studying various parameters and trends by type, by material, and by application in the Global Military Shelter Market.
The main objective of the Global Military Shelter Market Study
The current & future market trends of the Global Military Shelter Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Global Military Shelter Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of by type, by material and by application.
- Define and analyze the regulatory framework for the Global Military Shelter industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Global Military Shelter Market for the major regions.
- Major countries of regions studied in the report include North America (The US, Canada, and Rest of North America), Europe (The UK, France, Germany, Italy, Spain, Rest of Europe), Asia-pacific (China, Japan, India, Rest of the Asia-pacific), Rest of the World
- Company profiles of the Global Military Shelter Market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry.
You can also purchase parts of this report. Do you want to check out a section wise
price list?
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the Global Military Shelter market?
Q2: What are the driving factors for the growth of the Global Military Shelter market?
Q3: Which segment has the largest share of the Global Military Shelter market by type?
Q4: Which region will dominate the Global Military Shelter market?
Related Reports
Customers who bought this item also bought
Autonomous Navigation Market: Current Analysis and Forecast (2024-2032)
Emphasis on By Platform (Airborne, Land, Marine, Space, Weapon); By System (Sensing System, Navigation System, Processing System, Software System), By Application (Commercial, Military, Government), and Regions (North America (The US, Canada, Rest of North America), Europe (Germany, The UK, France, Italy, Spain, Rest of the Europe), Asia-pacific (China, Japan, India, Rest of the Asia-pacific), Rest of the World)
October 14, 2024
Aerospace Composites Market: Current Analysis and Forecast (2024-2032)
Emphasis on Fiber Type (Carbon Fiber Composites, Ceramic Fiber Composites, Glass Fiber Composites, Others); By Matrix Type (Polymer Matrix (Thermoset Polymer Matrix (Epoxy, Phenolic, Polyamide, Others), Thermoplastic Polymer Matrix (PEEK, PEI, Others), Ceramic Matrix, Metal Matrix); and Regions (North America (The US, Canada, Rest of North America), Europe (Germany, The UK, France, Russia, Rest of Europe), Asia-pacific (China, Japan, India, Rest of the Asia-pacific), Rest of the World)
October 8, 2024
Advanced Air Mobility Market: Current Analysis and Forecast (2024-2032)
Emphasis on By Application (Cargo, Passenger, Mapping, Special Mission, Surveillance and Monitoring, Others); By End-User (Commercial (E-Commerce, Commercial Ridesharing Operator, Private Operators, Medical Emergency Organization, Others), Government), By Propulsion (Gasoline, Electric, Hybrid), By Component (Hardware (Aerostructure, Avionics, Flight Control Systems, Propulsion Systems, Others), Software) and Regions (North America (The US, Canada, Rest of North America), Europe (Germany, The UK, France, Italy, Spain, Rest of the Europe), Asia-pacific (China, Japan, India, Rest of the Asia-pacific), Rest of the World)
September 5, 2024
