Military Logistics Market with Competitive Analysis, Market Size, Share, Growth Factors, Forecast to 2031

Global Military Logistics Market is expected to grow at a higher rate during the forecast period 2023-2031. The military logistics market size is projected to reach US$ 725.62 billion by 2031 from US$ 462.71 billion in 2023. The market is expected to register a CAGR of 5.8% during 2023-2031. The rising implementation of automation and intelligence in logistics operations is likely to remain a key trend in the market. The Asia Pacific was the leading geographic military logistics market, and it is anticipated to be the highest revenue contributor throughout the forecast period. The economies in the Asia Pacific region are experiencing remarkable 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.

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Top Profiling Key Players:
AECOM
ANHAM FZCO
Aselsan A.S.
BAE Systems PLC
DynCorp International LLC
Fluor Corporation
Honeywell International Inc.
KBR, Inc.
Lockheed Martin Corporation
Thales SA

Highlighted key points of this market research report:
• This report provides pin-point analysis for changing competitive dynamics.
• It provides a forward-looking perspective on different factors driving or restraining market growth.
• It provides seven-years forecast assessed on the basis of how the market is predicted to grow.
• It helps in understanding the key product segments and their future
• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors.
• It helps in making informed business decisions by having complete insights of market and by making in- depth analysis of market segments.

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Type Insights:
Logistics & distribution segment led the global military logistics market by type. The growth of logistics & distribution segment is attributed 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 services segment of the military logistics market is expected to grow at the highest CAGR during the forecast period from 2021 - 2031.

Mode of Transportation Insights:
Roadways led the global military logistics market by mode of transportation. Factors such as expansion as well as the movement of the current military base, along with the fulfillment of the logistical and operational requirement of the existing military establishment are the primary factor propelling the growth of the road based transportation of military logistics.

Finally, all aspects of the Military Logistics Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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This release was published on openPR.