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 military tank containers are rugged tank containers manufactured to operate under harsh environments, and remote locations. The military tank containers facilitate in supplying and storing various supplies to military encampments and barracks as well homeland security teams and armed forces deployed at various isolated locations. Pertaining to the fact that, the major defense forces are increasingly deploying their troops to different remote locations to maintain secured environment and deter terrorist and cross border threats, the demand for water, fuel, chemicals, pharmaceuticals and food supplies is increasing constantly. Attributing to the increasing demand, the defense forces are expanding their vehicle strength by procuring military tank containers. The future of market for military tank containers is promising as the military forces or the defense authorities are demanding for ruggedized tanks and armored tank containers. This is due to the reason that, these tank containers travel through rough terrains and enemy attack prone zones, which is a key threat to the defense forces. The ruggedized nature of the tanks can protect the consignments in case of any accidents, and in case of enemy attacks the armored protection can facilitate in protecting the personnel as well as the deliveries.
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Key findings of the study:
From a growth perspective South Korea in Asia-Pacific region is anticipated to witness the most lucrative CAGR growth rate of 7.3% during the forecast period
Dry container segment accounted for the largest market share in 2017, however, reefer container is anticipated to be the fastest growing segment in military tank container market during the forecast period.
Fuel segment in the supplies segment dominated the military tank container market in 2017, however, in the future, the others segment is expected to create lucrative business opportunities
Homeland security segment is the most prominent end user of military tank containers, and military segment is foreseen create significant revenue generation opportunity in the coming years.
The global military tank container market has been segmented on basis of four parameters; material types, container types, supplies and end users. The market is broken down on the basis of material types as stainless steel and aluminum alloys, further by container types as dry tank container and reefer tank container; by supplies as water, fuel and others. The others segment in the supplies includes pharmaceuticals, perishable foods, and chemicals. Based on applications the market is bifurcated into military and homeland security. On the basis of geography, the military tank container market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
The top companies operating in the military tank container market include WEW Container Systems GmbH, Krampitz Tanksystems GmbH, Klinge Corporation, Seabox, Inc., Variel A.S., Ancora Sp. Z. O. O., AMA Spa, Eurotainer, Lava Engineering Company and Saxon Containers Fze among others.
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