Global Military Tank Container Market is expected to grow from US$ 97.6 Mn in 2017 and is anticipated to escalate at a CAGR of 4.9% from 2018 to 2025 to account for US$ 140.2 Mn by 2025.
The Military tank container are manufactured to operate under harsh environments, and at remote locations. The military tank containers facilitate in supplying and storing various supplies to military encampments and barracks as well homeland security teams deployed at various isolated locations. Attributing to the increasing demand, the defense forces are expanding their vehicle strength by procuring military tank containers. Moreover, the major defense forces across the globe are experiencing a surging demand for deployment of military and homeland security troops in order to deter various external and internal threats. Furthermore, the defense forces have made significant advancements in recent years and requires tank containers that are capable of transporting ammunitions, and artilleries along with food, fuel, pharmaceuticals, and water to the remotely deployed soldiers.
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The report focuses on an in-depth segmentation of Military Tank Containers Market t based by material type, by supplies, by container type and by end-users. The geographic segmentation of the report covers major regions including; North Americas, Europe, Asia Pacific (APAC), Middle East and Africa, and South America (SAM). The regional market has been further bifurcated by respective countries. By container segment, dry container type accounted for the largest market share and reefer container type expected to grow with a highest market growth in 2017; whereas, regionally, Asia Pacific is expected to grow at the highest CAGR during the forecast period.
North America has largest market share of military tank container market, followed by Europe and Asia-Pacific region. This attributes to significant investments by US Department of Defense in military tank container. In addition, the established companies as well as new entrants in the industry, are developing advanced refrigeration technology, which is increasing the interest of adoption of reefer tank containers among the defense forces. The US military, the UK military, Russian military and Chinese military are the leaders in adoption of reefer tank containers.
APAC region is world’s fastest developing region and accommodates majority of the global economy. It also accredits most of the world’s strongest defense power and in coming years it is anticipated to be among the strongest region in terms of defense and security forces. The market for military tank containers is anticipated to expand at a prime growth rate in the Asia Pacific region during the forecast period from 2018 to 2025.
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Some of the key players of Military tank container market include 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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By Sameer Joshi