DUBLIN--(BUSINESS WIRE)--The "Military Logistics Market to 2027 - Global Analysis and Forecasts by Type and Mode of Transportation" report has been added to ResearchAndMarkets.com's offering.
The global military logistics market accounted for US$ 339.56 Bn in 2018 and is expected to reach US$ 526.50 Bn by 2027, thereby registering an attractive CAGR growth rate of 5.2% from 2019 to 2027.
The recent surge in budget cuts along with the rise in fluctuations of the number of military personnel, along with growing demand for deployment as well as the integration of military technologies across the country's vast military assets is anticipated to attribute towards the growing demand for military logistics support for the military. Thus, supporting the growth of military logistics market.
Further, the military plays a vital role in supporting humanitarian relief efforts. The growing involvement of the military in disaster relief is driving the demand for effective military logistics services. The military provides services such as material resources for infrastructure projects, logistical support, and security for relief workers, among others.
The military logistics provider must be quick and effective to transport required resources to the disaster-prone location. With the increasing involvement of the military and the demand for quick services at disaster sites, the military logistics market is expected to witness significant growth during the forecast period.
In terms of logistics & distribution, the Asia-Pacific region leads the global market followed by Europe and North America in 2018. The significantly large number of defense troops along with associated logistics support for their force supplies have facilitated the significant share of the Asia-Pacific and European regions. China is the key country in the Asia Pacific military logistics market, responsible for more than half of the military spending. Also, after the U.S., China is the second largest country globally in terms of the defense budget.
In August 2018, South Korea's Ministry of National Defense announced its plans to bring Industry 4.0 technologies over the coming decade to reinforce logistics as well as maintenance capabilities of the Armed Forces. Also, in February 2019, the New Zealand Defence Force added a wrecker variant to their existing fleet of 194 MAN HX-series trucks. Moreover, Northrop Grumman Australia and Leonardo signed an MoU for C-27J lifecycle support services in New Zealand.
Additionally, in March 2019, Airbus received an order to supply one C295 medium transport aircraft to the Border Service of the Republic of Kazakhstan. This agreement also included training, spares as well as ground support equipment. Such developments signify the increasing number of activities among Asia Pacific countries responsible for the growth of military logistics market.
Key Topics Covered:
1.1 Scope of the Study
1.2 Report Guidance
2. Key Takeaways
3. Military Logistics Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.3 Ecosystem Analysis
3.4 Porter's Five Forces Analysis
4. Military Logistics Market - Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Increasing Deployment of Military Troops in War Prone Regions
4.1.2 Increasing Need for Effective And Immediate Disaster Relief
4.2 Key Market Restraints
4.2.1 Recent Lowering of Military Budgets
4.3 Key Market Opportunities
4.3.1 Integration of Real-Time Tracking System for live Tracking and Visibility of Logistics
4.4 Future Trends
4.4.1 Trending Focused Logistics is Positively Impacting Military Logistics Market
4.5 Impact Analysis of Drivers and Restraints
5. Military Logistics - Global Market Analysis
5.1 Global Military Logistics Market Overview
5.2 Global Military Logistics Market Forecast and Analysis
5.3 Market Positioning - Global Top 5 Players Ranking
6. Global Military Logistics Market Analysis - By Type
6.2 Global Military Logistics Market Breakdown, By type, 2018 & 2027
6.3 Logistics & Distribution
6.3.2 Logistics & Distribution Market Forecasts and Analysis
126.96.36.199 Freight Services Market Forecasts and Analysis
188.8.131.52 Courier Services Market Forecasts and Analysis
6.4 Facility Management
7. Military Logistics Market Revenue And Forecasts To 2027 - Mode Of Transportation
7.2 Global Military Logistics Market Breakdown, By Mode Of Transportation, 2018 & 2027
8. Global Military Logistics Market- Geographical Analysis
9. Industry Landscape
10. Military Logistics Market - Company Profiles
- ANHAM FZCO
- Aselsan A.S.
- BAE Systems PLC
- DynCorp International LLC
- Fluor Corporation
- Honeywell International Inc.
- KBR, Inc.
- Lockheed Martin Corporation
- Thales SA
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