The global military tank container market accounted for US$ 97.6 Mn in 2017 and is expected to grow at a CAGR of 4.9% during the forecast period 2018 – 2025, to account for US$ 140.2 Mn in 2025.
The military tank container market has experienced significant growth and adoption rate in the past few years and is expected to experience notable growth and adoption in years to come. The growth of Military Tank Container Market is the current scenario is attributed to the rapid deployment of military and homeland security troops at various isolated and remote locations for peacekeeping missions and deter different threats. The tank containers are the easiest scope of transportation of fuel, water, perishable food, pharmaceuticals and chemicals at these isolated locations.
In addition, these tank containers are also used for storage of fuel and water and various other commodities. Another major driving force for the growth of the market is the rising demand for modular logistics solutions among the defense forces. The tank containers deployed by the military forces, offers flexibility, scalability, versatility, modularity and inter-modality advantages to the forces. The ISO tank containers are easy and quick to deploy, install and maintain at the point of usage. These advantages help the forces to support their remotely located troops with necessary commodities to operate efficiently. Moreover, the increase in military budget and spending among the defense forces in developing countries is also bolstering the demand for military tank containers. Asia Pacific region in global military tank container market is expected to witness a CAGR growth rate of 5.8% in the coming years.
Military Tank Container Market by Region
Growing Focus on Provisioning Modular Logistics Solutions for Military Purposes
Fuel and water are the basic commodities that are required for the smooth functioning of the army operations anywhere in the world. The ISO tank containers prove to be vital solutions for transportation, storage and provisioning of these essential commodities. These tank containers have gained wider importance and acceptance across the defense forces around the globe owing to the varied physical properties they exhibit. These tank container solutions bring flexibility, versatility, and inter-modality as well as modularity advantages to the end-user. With flexibility and inter-modality, rapid forward placement of the water & fuel is achieved which becomes critical in many conditions. Modular structure of the ISO tank containers allows for easy deployment of water storage tanks at base camps or even at forward operating baselines. The modularized container systems are quick and easy to deploy, install and maintain at the point of usage. Thus, growing focus on provisioning modular logistics solutions for military purposes is facilitating the military tank container market to propel.
Growing Demands for Tailor-Made Military Tank Containers
Military logistics operations are being facilitated through the movement of internal supplies, new & improved containerized and container-sized systems. The ISO-configured systems are specially built to provide as an efficient means of transport for legacy as well as essential goods to the military unit between ocean and overland platforms. Transporting liquids, food products, gases to the lesser accessible locations of army camps and forward operating bases demands for technical and commercial expertise. Understanding the stresses and harsh climatic conditions exhibited by the environment in another critical parameter that needs to be evaluated by the manufacturer and the end-user of the equipment. Thus, growing demand for tailor-made military tank containers is anticipated to create lucrative market space for military tank container market players.
Military Tank Container Market – Material Type Insight
The global military tank container market by material type is segmented into categories namely; stainless steel and aluminum alloys. The tank containers used by the military sector are required to travel through some extreme climatic and harsh environment conditions. These vehicles also have to survive from enemy attacks and deliver the product being transported safely and securely to the military troops stationed at less accessible locations and strategic attacking points. Therefore, these tank containers need to be robust and extremely rugged to survive harshest of the climatic conditions. Also, the raw materials need to be corrosion resistance and physically brittle in nature. Accordingly, two raw materials are commonly used in the manufacture of such tank containers and form the basis for segmentations of our market. Aluminum alloy segment is the fastest growing component segment in military tank container market and is expected to grow at a prime CAGR during the forecast period.
Military Tank Container Market by Material Type
Military Tank Container Market – Container Type Insight
The container type segment in military tank container market include dry container and reefer container. Tank containers are built as per the ISO standards that are designed to be used for different modes of transportation. They transmit hazardous as well as non-hazardous products. The ISO tank containers built to transport hazardous products have to meet numerous regulations and are manufactured in varying sizes. These tank containers are used in the transportation of water, fuels, gases and many other things that are inaccessible in the remote military areas. The tank container is a vessel made of wither stainless steel or aluminum alloy depending upon the requirement of the customer. Various capacity tanks are built as per the standard ISO sizes that can have capacities ranging from 5,000 liters to 56,000 liters capacities. The reefer container segment in the military tank container market is expected to surge at an exponential rate during the forecast period.
Military Tank Container Market – Supplies Insight
The supplies segment in military tank container market include water, fuel, and others. For the smoother and optimal functioning of the army at the deployed locations, supply of water, food, fuel and other important amenities is highly essential. Hence, a reliable military logistics supply chain forms the basis of a strong army. Along with tactical nous, the necessity of provisioning of fundamental amenities to the human personnel plays critical role for the human personnel surviving such extreme conditions. Largely, water & fuel are supplied to the military sector using the military tank containers. Apart from the food products, arms & ammunition, toxic chemicals are also supplied to the military sector. Therefore, our market has been segmented on the basis of item being supplied into water, fuel and others. The others segment in the military tank container market is expected to surge at a prime rate during the forecast period.
The market initiative and new development was observed as the most adopted strategy in global military tank container market. Few of the recent strategies by some of the players operating in military tank container market landscape are listed below:
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
2018: Eurotainer SA showcased its complete range of logistics products, technologies and services at Transport Logistic China exhibition from May 16 to 18 2018 in Shanghai
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
GLOBAL MILITARY TANK CONTAINER MARKET – SEGMENTATION
GLOBAL MILITARY TANK CONTAINER MARKET – BY MATERIAL TYPE
GLOBAL MILITARY TANK CONTAINER MARKET – BY CONTAINER TYPE
GLOBAL MILITARY TANK CONTAINER MARKET – BY SUPPLIES
GLOBAL MILITARY TANK CONTAINER MARKET – BY END-USER
GLOBAL MILITARY TANK CONTAINER MARKET – BY GEOGRAPHY
GLOBAL MILITARY TANK CONTAINER MARKET - COMPANY PROFILES