|Market Research A to Z | Company Profiles A to Z | Register | Contact Us | Shopping Basket|
|+44 (0) 203 086 8600 Call us on|
The global military logistics market has been forecast to increase at a compound annual growth rate (CAGR) of 5.69% over the next 10 years, increasing from a value of US$28.6 billion in 2012, to reach its peak of US$49.7 billion by 2022.
The market consists of three categories of military logistics systems: Force Management, Installations Support, and Central Logistics.
The force management market is expected to account for 76% of the global military logistics market, followed by installations support with a share of 18% and central logistics with the remaining 6%.
A key factor driving growth within the military logistics market is that many nations globally are currently focusing on modernizing their military infrastructure and related logistics.
Countries are moving away from the policy of 'brute force logistics' in which troops were responsible for sorting materials from huge inventories, towards a more efficient system that promotes precise accounting of consumption and replenishment in order to maximize efficiency.
The military logistics sector is currently witnessing a phase of moderate M&A activity in keeping with the trend of sector consolidation when military demand falls.
As defence spending has levelled off in recent years, companies operating in all areas of defence are looking to diversify their offerings in order to compete for the various contracts on offer and add more revenue streams to their existing lines of business.
Despite budget cuts, North America is expected to account for the largest share of the total global expenditure on military logistics, with an 81% share over the next decade. High demand in the region is predominantly driven by the region's logistics modernisation programs and the overseas war against global terrorism.
For more information on the military logistics market, see the latest research: Military Logistics Market Report
Follow us on Twitter @CandMResearch
Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support
Use our skills and global network of researchers and consultants to help find and source the business information you need.
Contact us now on 00 44 (0) 203 0868600 or "enquiries @ companiesandmarkets.com" to discuss you requirements and we can provide you with a research solution at suprisingly efficient rates and timelines.
Sometimes we can even find the information you require for free.
We are offering our clients substantial savings on the best research available during May. Please contact us either via email or by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600.