Military Tent & Shelter Market Size

Military Tent & Shelter Market Size

Military Tent & Shelter Market size surpassed USD 1.1 billion in 2020 and will grow at a CAGR of around 1% between 2021 and 2027. Rising government expenditures for military sector will propel the industry growth.

Favorable trends associated with expeditionary warfare is likely to drive the market demand. Many countries are establishing military bases in foreign countries to exert power and attain political goals. As terrorist activities are on rise, many countries are forming an alliance to fight terrorism and mitigate the potential risks of attacks. These countries perform joint surveillance and counterterrorism activities in tandem for the protection of civilians. Moreover, overseas military bases are used to perform combined tactical training exercises in order to improve the operational capabilities of armed forces, generating the need for military tents & shelters in overseas military locations.

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Rising political instability within Middle East and Africa is supporting the military tent & shelter market expansion. Geopolitical tensions in Africa will attract many countries to establish military bases on African soil. Additionally, major military powers are planning to expand military bases in Africa. Djibouti, by its geostrategic location and stability in volatile region has become a breeding ground for global military superpowers. It is located between Yemen, Eritrea and Somalia and holds extensive importance for international shipping activities. Presence of military bases within Djibouti aids in minimizing the threat of piracy.
 

The global race to become a military superpower is propelling nations to strengthen their defense sector. China is planning to increase its number of overseas military bases in upcoming years. This initiative will help the country protect investments for One Belt, One Road (OBOR) global infrastructure program. Establishment of military bases is done to offer protection for OBOR projects. The Chinese government is targeting various locations in western pacific, southeast Asia and middle east to expand its military footprint.
 

High costs associated with rigid military shelters will limit the industry growth over the forecast period. However, advent of technology and use of innovative materials will potentially reduce the overall product cost in future. In addition, it will help in minimizing the weight of military shelters and improve the set up time.