Singapore Markets close in 1 hr 20 mins

Global Defense Logistics Market - Collaborative Logistics Approach to Promote Growth | Technavio

Technavio has published a new market research report on the global defense logistics market from 2018-2022. (Graphic: Business Wire) Multimedia Gallery URL

LONDON--(BUSINESS WIRE)--

The latest market research report by Technavio on the global defense logistics market predicts a CAGR of around 2% during the period 2018-2022.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180319005968/en/

The report segments the global defense logistics market by solutions (military infrastructure, military logistics services, and military FMS) and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Here are some key findings of the global defense logistics market, according to Technavio transportation and logistics researchers:

  • Rising global military spending: a major market driver
  • Collaborative logistics approach: emerging market trend
  • The Americas dominated the global defense logistics market by accounting for a share of more around 45%.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

Rising global military spending: a major market driver

The rising global military spending is one of the major factors driving the global defense logistics market. The global military spending has been witnessing increasing growth since 2014. As per the growth trend, the spending is anticipated to increase in APAC and European countries. On the contrary, it is expected to fall in South America and the Middle Eastern countries. The decreasing oil revenue and the economic problems linked with the price of oil are the key issues expected to cut down the military expenditure in these regions. The increasing global military spending will improve the infrastructure and drive the number of equipment and weapons in the global defense market.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Collaborative logistics approach: emerging market trend

The geopolitical instability such as political volatility, violence, growing dominance, rebel forces, and territorial disputes in different parts of the world were the major considerable issues in the contemporary military agenda of the international community between 2010-2015. The Middle East and North Africa have been a key focus of the US foreign and defense policies since 2010 due to their geographical importance. The countries in these regions have also shown signs of collaboration around military transportation and logistics.

According to a senior analyst at Technavio for research on logistics, “The UAE has evolved as a strategic partner for several countries because of significant investments in the development of infrastructure and state-owned enterprises such as ports, airlines, and ships. These service facilities serve as a valuable resource for foreign military organizations.”

Global market opportunities

In terms of regional dominance, the Americas led the global defense logistics market by accounting for a share of around 45%. It was followed by EMEA and APAC. The high economic growth and vast infrastructure are the driving factors in the Americas. However, the market share of the Americas is anticipated to decrease slightly during the forecast period.

 

Technavio’s best deals of the month!

Mark the beginning of spring with Technavio. Get 30% discount on all energy reports.

Offer valid from 12th March for a limited period.

OR

Get 20% off on all media and entertainment services reports. Offer valid only till the 31st of March.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180319005968/en/

MULTIMEDIA AVAILABLE:https://www.businesswire.com/news/home/20180319005968/en/