This strategic assessment report provides a comprehensive analysis that reflects today’s Military Shelters Market realities and future possibilities for the forecast period of 2021 to 2026.
Stratview Research announces the launch of a new research report on the Military Shelters Market is Segmented by Size Type (Small Shelters and Large Shelters), by Shelter Type (Rigid Shelters and Non-Rigid Shelters), by Product Type (Expandable Shelters and Non-Expandable Shelters), by Installation Type (Vehicle- Mounted Shelters and Ground-Based Shelters), by Material Type (Polyester, Composite, Steel, and Others), by Application Type (Medical Facility, Command & Control Post, Storage, Aircraft Base, Repair & Maintenance, Accommodation, and Others), and by Region (North America, Europe, Asia-Pacific, The Middle East & Africa, and Latin America)..
The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Military Shelters consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
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The report delivers a detailed view of the industry based on global Military Shelters Market size, market growth, and opportunities. The report also analyses market key aspects such as-
Highlights from the Report
Military shelter systems are deployed for a multitude of purposes including temporary living, medical support centers, arms and ammunition storage, etc., by the defense authorities for their troops. These shelters are in the form of containers, tents, panels, etc. that are deployed for a certain period.
The defense industry has exhibited significant growth over the past few years with almost every country increasing its military expenses and budgets. The demand for military shelters has also considerably grown in the wake of surging military and humanitarian operations/missions. Currently, the manufacturers of military shelter structures are focused on the development of lightweight, portable, and cost-efficient systems. Over the eons, the major shelter manufacturers have switched to composite shelters aiming at greater durability, cost efficiency, and lightweight, some of the most urged requirements from defense authorities. As a result, it is anticipated that in the forthcoming years, composites would be the primary material used for the development of military shelters.
The overall impact of the Pandemic on the demand for military shelters seemed negligible since a vast majority of the contracts for military shelters are long-term in nature, immensely assisted the industry stakeholders to survive from the pandemic shocks. Stratview Research’s estimates suggest that the market for military shelters is estimated to reach a value of US$ 1,081.2 million in 2026, growing at a healthy CAGR of 3.5% during 2021-2026.
On the basis of region, Asia-Pacific is supposed to witness the fastest growth in the forthcoming years, primarily propelled by China, India, Japan, and South Korea, the key military spenders of the region. North America currently accounts for the largest share of the market with the USA having an exponentially high annual defense budget and expenses. The region (North America) is estimated to maintain its indubitable lead in the years to come.
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According to the report, the key players of the market are –
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