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Deployable Military Shelter Market Is Anticipated To Witness A Considerable Value CAGR Of 4.6% During The Period Of 2022 And 2029: FMI

According to Future Market Insights (FMI), the Global Deployable Military Shelter Market will grow by 4.7 percent year on year in 2022, reaching a value of approximately US$ 1,068.2 million by the end of 2022. The evolving battleground requirements have necessitated increased military unit deployment in distant warzones and diverse terrains for strategic operational and training purposes.

Unrest across borders with neighboring countries necessitates the deployment of thousands of soldiers, necessitating the need for portable military shelters. The global Deployable Military Shelter Market is expected to grow at a significant CAGR of 4.6 percent between 2022 and 2029.

According to FMI, North America is expected to hold the majority of the market share due to higher military forces in countries such as the United States and Canada. In addition, Europe ranks second only to North America in the Global Deployable Military Shelter market. By the end of 2029, North America and Europe are expected to have a combined revenue share of 58 percent of the global market.

The sharp increase in international border disputes, as well as the increased military spending of various governments, are key factors driving the market growth. Aside from that, the rise in national security threats and the growing need for military bases have increased the demand for military shelters that can be used in remote areas for training and strategic, operational objectives.

Furthermore, a few leading manufacturers are heavily investing in the development of portable shelters with low-weight, high-quality materials, and a few components for ease of manufacture and assembly. This, combined with rising sales of polymer-based products, drives market expansion. Furthermore, the recent COVID-19 outbreak has accelerated the adoption of military shelters that can serve as COVID-19 medical centers.

Other factors, including the invention of a few products, as well as significant advances in design and material technology, also create a positive market image. Therefore, based on these factors, the Deployable Military Shelter market is likely to grow at a significant rate during the forecast period. The growth of Deployable Military Shelter is likely to grow at a growth rate of 4.4 % by Volume over the assessment period of 2022-2029.

Key Players:
  • Alaska Structures
  • Weatherhaven
  • HDT Global
  • Nordic Shelter AS
  • HTS tentiQ
  • General Dynamics Corporation
  • AAR
  • Gichner Shelter Systems
  • RedGuard

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