Global Military Bridge Market Size, Share, Analysis & Forecasts To 2025
Military Bridge Market Insights
The demand for military bridges is expected to grow at a high CAGR over the coming years on account of increasing military expenditure by countries such as the U.S., China, Russia, India, France, and Middle East countries. Increasing impetus given to securing borders, rescuing civilians, and defending against terrorist activities is expected to boost demand for military bridges over the coming years. Military bridges are used to cross water bodies, minefields, and other obstacles during a military operation. It provides strong support in terms of logistics, rescue operations, and gives an added advantage during tactical operations.
Military Bridge Market: Type Insights
On the basis of type, the military bridge market is segmented into floating bridges, fixed-support bridges, and combination bridges. The demand for floating bridges is expected to grow at a high CAGR as most logistic trouble is encountered while crossing water bodies. One of the most important requirements for military bridges is the speed at which it can be erected by using minimum forces.
Military Bridge Market: Application Insights
On the basis of application, the military bridge market is segmented into a military operation, military training, rescue, and rehearse activities. The demand for military bridges in military operations is expected to occupy the highest share over the coming years. Military bridges are often used in transporting military equipment over water resources and other obstacles. These are also used to excavate civilians; new developments are in line to transport military vehicles across obstacles using bridges.
Military Bridge Market: Regional Insights
High demand for military bridging is expected to arise from the Middle East & African and European region. Several ongoing military operations in countries such as Afghanistan, Iraq, Syria, and Nigeria among others is expected to increase the demand for military bridges in the MEA region.
The North American, European, and Asia Pacific region is also expected to experience significant demand for military bridges on account of its various rescue operations, military & counter-terrorist operations, training drills, and other law enforcement operations. The U.S. accounts for the largest military spending countries in the world, followed by countries such as Saudi Arabia, China, Russia, India, and France among others.
Military Bridge Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase military bridges over the coming years. Some leading consumers of this market are the Australian Defence Force (ADF), U.S. Army, and UK MOD among others.
Military Bridge Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Military Bridge Market Share & Competitor Analysis
Some of the prominent players in the military bridge market include General Dynamics, AM General, RPC Technologies, CNIM Group, China Harzone Industry, Jiangsu Bailey Steel Bridge, WFEL Limited, Waagner-Biro AG, Mabey Group, and Acrow Bridge among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In December 2017, Acrow Bridge participated in training for the Army Reserve 652nd Multi-Role Bridge Company on the assembly and disassembly of Acrow modular steel bridges used in military operations. In March 2018, WFEL completed a tranche bridging delivery under the Land 155 Enhanced Gap Crossing Capability Project of the Australian Defence Force (ADF).
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The global Military Bridge Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Military Bridge Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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