openPR Logo
Press release

Military Logistics Market Registering an Attractive CAGR Growth Rate of 5.2% | Leading Players Claxton Logistics, Dyncorp International, Klinge, Oboronlogistics, One Network Enterprises, SCM Globe, and Thales Group

07-10-2019 12:37 PM CET | Logistics & Transport

Press release from: The Insight Partners

Military Logistics Market

Military Logistics Market

According to the new research report published by The Insight Partners, titled “Military Logistics Market - Global Analysis and Forecast to 2027”, The Global Military Logistics Market is expected to account 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.

In 2018, Asia Pacific accounted for the largest market share, growing at a CAGR of 6.2%

Download PDF brochure @ www.theinsightpartners.com/sample/TIPTE100000686/?openpr-mj

The key players operating in the Military Logistics market are AECOM, ANHAM, ASELSAN A.?., 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.

The economies in the Asia Pacific region are experiencing a noteworthy growth in their military spending. For instance, countries, including Japan and India, boosted their military spending owing to rising tensions with China, as per global arms spending report published by SIPRI. In 2017, the Indian defense spending increased by 5.5% to approximately US$ 63.9 Bn, resulting in ranking India as one of the top five military spenders worldwide. Also, India is anticipated to witness the second highest CAGR in the Asia Pacific military logistics market, after China. The report further states that the Government of India is planning to modernize, expand, and improve the operational capability of defense, partially owing to rising tension with Pakistan and China.

Military Logistics market is segmented on the basis of the type and mode of transportation. The military logistics is primarily dominated by the logistics & distribution segment owing to notable demand for ensuring the existing supply of various components, devices, gears, food & medical supplies, and equipment among other logistical and operational support. However, the rise in emphasis towards achieving superior operational efficiencies along with reduced military budgets has propelled the demand for various optimization, executive management, and consulting related services.

Currently, the global military logistics market is dominated by some prominent market players with notable experience in meeting the military logistics requirement through years of engagement with the military of different countries. The market players present in military logistics market are mainly focused on maintaining long-term relations with the governments.

Inquiry for Discount at: www.theinsightpartners.com/discount/TIPTE100000686/?openp...

Key findings of the study:
The APAC region comprises of developing countries that are witnessing an increase in their military spending. As per SIPRI, the region’s military spending increased by 52% over the last decade, accounting for US$ 392 Bn in 2018. Factors such as territorial disputes, economic growth, and long-sought military modernizations are propelling the increase in military spending. China is the key country in the APAC region, responsible for more than 60% of military spending. Also, after the U.S., China is the second largest country globally in terms of the defense budget. Also, as per the World Bank, Singapore dedicated 3.3% of its GDP towards defense. Also, India was ranked amongst the top five military spenders in 2018. The military logistics market is APC region is highly propelled by the steps taken by the U.S. to keep a check on China. The U.S. is accelerating its “freedom of navigation” naval operations in disputed waters in the Taiwan Strait and the South China Sea.

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 also anticipated to attribute towards the growing demand for logistics support for the military. North America, Europe, and Asia-Pacific collectively accounted for almost fourth-fifth of the total market share in 2018 and is further expected to continue to account for nearly 85% of the overall market size by 2027. Factors such as significantly large military budgets, a vast number of defense troops and military assets are attributed in their large market share and subsequently is expected to continue to drive the market during the forecast period.

Buy Now This Report at: www.theinsightpartners.com/buy/TIPTE100000686/?openpr-mj

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Military Logistics Market Registering an Attractive CAGR Growth Rate of 5.2% | Leading Players Claxton Logistics, Dyncorp International, Klinge, Oboronlogistics, One Network Enterprises, SCM Globe, and Thales Group here

News-ID: 1800722 • Views: 258

More Releases from The Insight Partners

Education & Learning Analytics Market Review, Future Growth, Global Survey, In-d …
Education & learning analytics is the process of collecting, reporting and analyzing the data about the learner and their context. The education & learning analytics aids in understanding learning and subsequently optimizing the environment where it occurs. Education & learning analytics deals with collecting large amounts of data to analyze the performance of individuals and analyze trends in the datasets. The education & learning analytics is widely used for performance
Digital Tags Management Systems Market Share, Growth by Top Company, Region, App …
Digital tag management systems help the marketers to effectively connect and subsequently manage digital tags for various marketing applications. The software helps the marketers by enhancing the performance of the website by reducing the number of tags firing on each webpage. Moreover, the system also facilitates the organizations to increase their revenue and online conversions. Thus, the digital tag management systems market is expected to provide profitable opportunities for the
Current and Future Trends of Nuclear Medicine/Radiopharmaceuticals Market to 202 …
Nuclear Medicine/Radiopharmaceuticals market is expected to grow, owing to factors such as rising prevalence of chronic diseases, alpha radioimmunotherapy-based targeted oncology treatment and advancement in imaging technologies using radiopharmaceuticals play vital role in the growth of the radiopharmaceuticals market. However, the restraints such as short shelf-life of radiopharmaceuticals and availability of substitutes of radiopharmaceuticals are likely to impact the growth of the market in the forecast period. The Global Nuclear Medicine/Radiopharmaceuticals
Recent Advancement in Biotechnology Market: Anticipated to grow during 2019-2025 …
The rising future conferences and workshops is also anticipated to propel the growth of the biotechnology market in the forecast period. The conferences is the excellent opportunity for the envoys from institutes and universities to interact with the world-class scientists, researchers to discuss the major topics related to current scenario of biotechnology including pharmaceutical biotechnology in healthcare, industrial and microbial biotechnology, food biotechnology, agriculture biotechnology, plant biotechnology, animal biotechnology, environmental

All 17208 Releases


More Releases for Logistics

Contract Logistics Market is Booming | Sankyu, Allcargo Logistics, CEVA Logistic …
HTF MI recently introduced Contract Logistics Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are CJ Korea Express, Deutsche Post DHL, Hitachi Transport System, Mitsubishi Logistics, Sankyu,
Reverse Logistics Market is Booming Worldwide| Aqua Logistics, Total Logistics, …
HTF Market Intelligence released a new research report of 99 pages on title 'Reverse Logistics Market in India 2012' with detailed analysis, forecast and strategies. The study covers key regions that includes United States, Europe, China, Japan, India and important players such as Aqua Logistics, Total Logistics, Darcl Logistics, etc. Request a sample report @ https://www.htfmarketreport.com/sample-report/1304150-reverse-logistics-market Summary Government concern for sustainability and manufacturers continuous endeavor to garner customer satisfaction are the key drivers