$4550
$3000
In terms of revenue, the global military tank container market was valued at US$ 97.6 million in 2017 and is projected to reach US$ 140.2 million by 2025.
The military tank container market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. The most prominent region in the current market scenario stands for North America owing to the rapid deployment of troops by the US defense forces. The US Department of Defense (DoD) is constantly posting its troops in countries such as Afghanistan, Syria, Iraq, South Korea, Kuwait and Italy among others in order to deter different threats and maintain sustainable atmosphere. The deployment of large numbers of troops across the globe has led the country to invest significant amounts in the development as well procurement of military tank containers to transport essential commodities to the isolated troops. In addition, Canada on the other hand is also strengthening its logistic facility with these tank containers as the Canadian army is also deploying forces for peace keeping mission. The market for military tank containers is foreseen to witness an expeditionary growth in Asia Pacific region, pertaining to the huge demand for such containerization among defense forces especially Chinese, South Korean and Indian army. The rise in terrorist attacks and other political and warring activities in the above mentioned countries is leading the defense forces to deploy troops along the borders as well as in remote locations. The increasing number of troop deployment from these countries is anticipated to be reason behind the growth of military tank containers market in Asia Pacific region during the forecast period.
Lucrative Regional Military Tank Container Market
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Market Insights–Military Tank Container Market
Growing Deployments of Troops in Peacekeeping Missions Globally by Major Countries of the World
The US is the most powerful nation in the world in terms of the army troop deployments globally. According to US DoD, in 2016 the country spent close to US$ 596 Bn on defense and other related activities. In a recent development proposed by the US Government, there was an announcement of 10% increase in the budget for expenditure on the army troops for the DoD. The expenditure by the country on defense related activities is such that it is more than the next seven countries combined expenditures. Accordingly, 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.
Type Segment Insights
Based on type, the dry container segment dominated the global military tank container market in 2017. The advantages of an ISO dry tank container are reliability, cost-effectiveness and the safety measure achieved in transportation of bulk liquid to the remotest and inaccessible locations. As these tank containers are designed to meet specific standards and are therefore able to withstand extreme pressure and rough climatic conditions.
Material Segment Insights
Based on material, the stainless steel segment dominated the global military tank container market in 2017. Stainless steel tank containers are durable and low maintenance products that can last for a long period of time once manufactured and put to repeated use. Moreover, the hygienic properties of stainless steel make it an ideal choice for transportation of water, perishable food products and pharmaceuticals.
Supplies Segment Insights
Based on supplies, the fuel segment held the largest share in global military tank container market in 2017. The advantages of an ISO dry tank container are reliability, cost-effectiveness and the safety measure achieved in transportation of bulk liquid to the remotest and inaccessible locations. As these tank containers are designed to meet specific standards and are therefore able to withstand extreme pressure and rough climatic conditions.
End User Segment Insights
Based on end user, the homeland security segment held the largest share in global military tank container market in 2017. As a large number of personnel are deployed for peacekeeping missions, the frequency of usage of military tank containers for provisioning water, fuel, gases and food products and pharmaceuticals is also high that would be driving the demands by this end-user during the forecast period.
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Military Tank Containers Market: Strategic Insights
Market Size Value in US$ 97.6 Mn in 2017 Market Size Value by US$ 140.2 Million by 2025 Growth rate CAGR of 4.9% from 2017-2025 Forecast Period 2017-2025 Base Year 2017
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Customize Research To Suit Your Requirement
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Military Tank Containers Market: Strategic Insights
| Market Size Value in | US$ 97.6 Mn in 2017 |
| Market Size Value by | US$ 140.2 Million by 2025 |
| Growth rate | CAGR of 4.9% from 2017-2025 |
| Forecast Period | 2017-2025 |
| Base Year | 2017 |
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
- In 2018, Krampitz signed an agreement with Norwegian Government to deliver and install an above ground gas station in the mobile containers. This agreement helped the company to establish its footprints in Norway, thereby increasing its customer base.
- In 2017, WEW Container Systems has signed an agreement with US Army to deliver additional Camel low-profile water tank. Under this contract WEW deliver 167 tanks to prime contractor Choctaw Defense for integration into the Camel II Unit Water Pod System. As per the contract, WEW Container Systems GmbH was supposed to deliver 167 camel low profile water tanks, out of which the company has partially fulfilled the requirements.
- In 2017, WEW launched integrated logistics services to support of tank container system. The company had updated its support services in order to bear the rigidities of multi-modal transport and storage in extremely harsh environmental conditions.
The global military tank container market has been segmented as follows:
Military Tank Container Market – By Type
- Stainless Steel
- Aluminum Alloy
Military Tank Container Market – By Material
- Reefer Containers
- Dry Containers
Military Tank Container Market – By Supplies
- Water
- Fuel
- Others
Military Tank Container Market – By End User
- Homeland Security
- Military
Military Tank Container Market- By Region
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- UK
- Russia
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Rest of APAC
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
Military Tank Container Market – Companies Profiles
- 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
- Saxon Containers Fze.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, Container Types, Supplies, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
1. WEW Container System GmbH
2. Klinge Corporation
3. Krampitz Tanksystem GmbH
4. SEA BOX, Inc.
5. AMA S.p.A
6. ANCORA Sp. Z o. o.
7. VARIEL, a. s.
8. Eurotainer SA
9. LAVA Engineering Company
10. Saxon Containers Fze
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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