Military Shelter

Military Shelter

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 contributed 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.

• Based on Type the global military shelter market is segmented into expandable, personnel, vehicle-mounted, command post, and container. Of these command post segment has held a major market share among others. Some of the key factors that assisted the category in holding the dominant position over others are higher demand for command posts for providing data and coordination to the personnel in the field through a localized base. Additionally, mobile command posts in the scenario of digital warfare also offer robust connectivity and data sharing which is crucial for faster emergency response, customizable units for specific tasks, modular design for adaptive configuration, etc. Some other segments such as expandable and vehicle-mounted shelters have also gained prominence due to their higher adaptability and providing ease of usage in military environments.
• Based on the material, the global Military Shelter market has been segmented into composites and others. Of these, the composite segment has exhibited the highest growth rate due to its lightweight module, easy-to-carry, and deployable structure. The composite materials also offer robust protection against temperature changes, weather conditions, rain, etc., due to which the segment is further anticipated to increase its market share among other categories. However, the other category has held a major market share due to the integration of a large number of materials which are considered cost-effective solutions. Considering these shifts, the demand for composites will further grow in the coming years, i.e., 2024-2032.
• For a better understanding of the adoption of Military Shelters, the global Military Shelter market is analyzed based on its worldwide presence in regions such as North America, Europe, Asia-Pacific, and the rest of the world. Of these, the North America region held the largest share in 2023. North America has a vast expenditure on the military, and it is looking forward to comprehensively supporting research & development around military shelter technologies and composites usage and their potential technological solutions. Additionally, the region is home to some of the largest manufacturing companies for military shelters leading to the demand for Military Shelter services. Considering the vast number of companies, the region is further anticipated to dominate the demand for Military Shelters in the coming period.
• Some of the major players operating in the market include 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.