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.
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.
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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.
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.
The market initiative and new development was observed as the most adopted strategy in global military tank container market. For instance, 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. Similarly, 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. 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. Various other military tank container manufacturers are operating in the market, which also focus on different strategic initiative to boost their business as well as market value.
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