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.
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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.
This report helps you determine and analyze portfolios of key market players with information such as company profile, components and services, financial information over the past three years, and key developments over the past five years, and helps you establish a competitive advantage strategy. Helps. Market players at Military Logistics Market are expected to profitable growth opportunities in the future as demand for Military Logistics in the global market increases.
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Some of the players present in the military logistics market are AECOM, ANHAM, ASELSAN A.Ş., Claxton Logistics, Dyncorp International LLC, Fluor Corporation, Honeywell International Inc., KBR Inc., Klinge Corporation, Lockheed Martin Corporation, ManTech International Corporation, Oboronlogistics LLC, One Network Enterprises, SCM Globe, and Thales Group among other military logistics market players.
- To study and analyze the Military Logistics market size by key regions/countries, product type and application.
- To understand the structure of Military Logistics market by identifying its various sub segments.
- Focuses on the key Military Logistics players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Military Logistics with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of Military Logistics submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
This report provides a detailed overview of the industry, including qualitative and quantitative information. Provides an overview and forecast of the Military Logistics market based on products and applications. This report assesses market dynamics affecting the market during the forecast period: drivers, limits, opportunities, and future trends, and provides a thorough PEST analysis of all five regions.
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This post was originally published on The Picayune Current