According to the new research report published by The Insight Partners, titled “Military Tank Container Market - Global Analysis and Forecast to 2025”, the global military tank container market is expected to reach US$ 140.2 Mn in 2025, registering a CAGR of 4.9% during the forecast period 2017 to 2025.
The scope of study provides insights on the global military tank containers and includes the production side of the industry, excluding the leasing market. In addition, among the different types of intermodal transportation, the study on military tank containers have been conducted only based on land transportation.
Surging Deployment of Military Troops and Homeland Security Teams in Isolated Locations is driving the Market for Tank Containers among the Defense Forces
The major defense forces across the globe, are deploying their military forces and homeland securities at various isolated locations in and out of the country in order to protect the country’s border and deter external threats. The US defense force is one of the prominent players in deployment of their troops in and out of US borders. The country has deployed approximately 2 lakh troops globally in close to 177 countries of the world. Out of the entire defense budget close to 35% of the share is allocated for the territorial military troops. Domestically, 1.1 Mn active troops are stationed while the rest have been deployed in countries like Afghanistan, Syria, Iraq, Germany, Egypt, South Korea, Kuwait and Italy. The tense political situation in the Middle East has resulted in the larger troops of the army being deployed in those countries for longer times. The troops are usually deployed at strategic locations in such cases to gain competitive advantage and these locations usually face water scarcity. The demand for optimal supply of water and fuel at such locations for efficient operations has been growing and thereby driving the demands for military tank containers.
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For the smoother and optimal functioning of the army at the deployed locations, supply of water, food, fuel and other important amenities is highly essential. Hence, a reliable military logistics supply chain forms the basis of a strong army. Largely, water fuel are supplied to the military sector using the military tank containers. Apart from the food products, arms ammunition, toxic chemicals are also supplied to the military sector. Therefore, our market has been segmented on the basis of item being supplied into water, fuel and others. Their ability to survive the harsh climatic conditions and also deliver at the most inaccessible locations of the earth without causing any harm to the product being transported makes tank containers one of the ideal means being used by the military sector. The usage of military tank containers is therefore sub-divided into two end-users which include the military and the homeland security.
The military tank containers market is experiencing various changes in terms of material adoption, and container adoption. Due to this, the research study on military tank containers market is segmented on basis of material types, container types, supplies, end user and geography. The two types of materials used to manufacture tank containers are stainless steel and aluminum alloys. The container types segment includes dry container, and reefer container. The consignment supplies include water, fuel and others (perishable food, pharmaceuticals, and chemicals). Military and homeland security teams constitute the end user segment. North America, Europe, Asia Pacific, Middle East and Africa, and South America are the five strategic regions considered to conduct the geographical study for military tank containers market.
The global military tank container market by geography is segmented into five region including; North America, Europe, Asia Pacific, Middle East Africa and South America. North America is accounted for the largest share in global military tank container market in 2017. APAC is expected to account for the highest growth rate during the forecast period.
Some of the key players in military tank container market includes: WEW Container System GmbH, Klinge Corporation, Krampitz Tanksystem GmbH, SEA BOX, Inc., AMA S.p.A, ANCORA Sp. Z o. o., VARIEL, a. s., Eurotainer SA, LAVA Engineering Company, and Saxon Containers Fze among others.
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