Global Military Floating Bridge Market 2017-2021
About Military Floating Bridge
Bridges hold great architectural and aesthetic significance and serve as means to cross obstacles. Apart from common people, bridges were also used by rulers of ancient times to cross barriers and capture kingdoms. In the present-day world, an analogy can be drawn between rulers and military personnel in the use of bridges. The modern military floating bridges primarily include ribbon and platoon bridges. These are used by the ground military personnel and marine forces for missions comprising sheltered water and river crossings in combat and rescue operations. These are also used for transportation of personnel, cargo, and combat vehicles. Over the years, these bridges have gained significant importance as the success of modern warfare is heavily dependent on the ease of mobility of platoons and advanced equipment.Technavio’s analysts forecast the global military floating bridge market to grow at a CAGR of 4.29% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global military floating bridge market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Military Floating Bridge Market 2017-2021
Technavio recognizes the following companies as the key players in the global military floating bridge market: AM General, China Harzone Industry, CNIM, General Dynamics, Jiangsu Bailey Steel Bridge, and RPC Technologies.
Other Prominent Vendors in the market are: FBM Babcock Marine, Mabey Group, and WFEL Limited.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of rapid bridging solutions. The need to move quickly and efficiently during combat situations has created the need for enhanced logistics. This includes the use of components, such as bridges, which can be constructed and deployed quickly.”
According to the report, one of the major drivers for this market is Ongoing military logistics modernization. Logistics in military operations form an important component and must exhibit speed, agility, and precision. Therefore, logistical capabilities of armies need to be constantly upgraded. Armies should have a futuristic outlook while planning their logistics and the complete logistical ecosystem (different activities and players involved) must be taken into consideration. The following are steps that are involved in logistics management.
Further, the report states that one of the major factors hindering the growth of this market is High product replacement cycle. The demand for equipment largely depends on its service life. Longer the service lifetime of the equipment, lesser are the chances of its replacement and consequently, lower the demand. On that front, the replacement cycle of the in-service military bridges is relatively longer than other military equipment. This is owing to the advancements in material properties, such as anti-corrosion, and the enhanced durability of these bridges, which tend to prolong their service life. For instance, the expected life cycle of a Quadricon Modular Bridge System, which has similar technological features like the Bailey bridge system, is 75 years.
AM General, China Harzone Industry, CNIM, General Dynamics, Jiangsu Bailey Steel Bridge, RPC Technologies, FBM Babcock Marine, Mabey Group, and WFEL Limited.