Persistence Market Research
Global Military Floating Bridge Market: Introduction
The Military floating bridge, also known as pontoon bridge enables armed forces to carry weapons, troops, supplies, and vehicles across the waterways, where the permanent bridges are absent. When the army conducts operations overseas, they often need a bridge. Moreover, military floating bridges are extensively utilized by armed forces for combat and rescue operations. Increasing expenditure on military equipment by the major economies fuel up the global military floating bridge market.
The military floating bridge must possess some features such as rapid-build, can be assembled by hand, should utilize light components, can be built by crane, can relocate, robust in design and long life with minimal maintenance. Additionally, modern military bridges are designed that can adapt to suit the river traffic requirement.
About a decade ago, floating bridge couldn’t meet its requirements for rapid deployment. The earlier designs were too heavy and required freighters with high-load capacity cranes to transport and unload them. With the rapid surge in the demand of military floating bridge, manufacturers developed a unique design that can replace existing military floating bridges.
Global Military Floating Bridge Market: Market Dynamics
One of the prime growth factor driving the growth of military floating bridge market is the rapid technological advancements in the defense sector. The modern military forces are foreseen to deploy advanced military floating bridge for the movement of military vehicles across the wet gap obstacles during war or rescue emergencies.
Declining budgets in the western countries are anticipated to affect the military floating bridge market. Military floating bridge market is expected to witness sluggish growth owing to high investments associated with the equipment.
The hasty deployment capability of military floating bridge is one of the necessity foreseen to propel the growth of the market in coming years. Manufacturers focus on enhancing the capabilities of military floating bridge in order to transport heavy military equipment and combat vehicles
Global Military Floating Bridge Market: Market Segmentation
Global military floating bridge market can be segmented on the basis of design type, product type, method of usage type and regions
On the basis of design type, global military floating bridge market can be segmented as
On the basis of product type, global military floating bridge market can be segmented as
On the basis of method of usage, global military floating bridge market can be segmented as
Global Military Floating Bridge Market: Regional Outlook
The outlook for Asia Pacific and the Middle East is expected to remain positive for the military floating bridge market owing to Indo-Pak conflicts. Increasing tensions in the Middle East countries have led to the deployment of military. Consequently, this has increased the demand for military logistics and military floating bridge. Furthermore, some regions such as Netherlands and India are prone to seasonal flood that breaks the network between the villages and towns. Military floating bridges are deployed in such situations in order to transport food and to facilitate the movement of local people. India is also striving on reinforcing its position with respect to military infrastructure. The country constantly faces difficult topography during its cross-country border operations. Subsequently, modern military floating bridge solutions are vital to mitigate the logistical and operational constraints faced by the military personnel. It is anticipated that military modernization programs in such countries drive the market for military floating bridges. Additionally, in the North American region, the U.S. is likely to witness steady growth in military floating bridge market owing to higher military funding and budget allotted by the government.
Global Military Floating Bridge Market: Key Participants
Example of some of the market participants in the global military floating bridge market discerned across the value chain include
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