The analysts forecast global military floating bridge market to grow at a CAGR of 4.61% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global military floating bridge market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of military floating bridges, including modular floating bridges (standard ribbon bridges and IRBs) and self-propelled floating bridges. Furthermore, the revenue generated from the modernization of existing floating bridge systems, and services (training) are covered. However, the revenue generated from amphibious bridge systems, bridge erection equipment, and ferry systems, and after-sales services are not considered.
The following companies are the key players in the global military floating bridge market: AM General, China Harzone Industry, CNIM, Jiangsu Bailey Steel Bridge, General Dynamics, and RPC Technologies. Other Prominent Vendors in the market are: FBM Babcock Marine, Mabey, Oshkosh Defense, and WFEL.
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According to the military floating bridge market report a key growth driver is the collaborative effort to counter tension in MENA. The rising instability in MENA, including political volatility, violence, and growing dominance of rebel forces, has considerably dominated the military agenda of the international community in recent times. Due to the geographical impotence, MENA (situated at the intersection of Asia, Africa, and Europe) has been a prime focus for the US foreign and defense policies over last four decades.
The global military floating bridge market analyst said one trend that is expected to boost market growth is the rapid deployment capability of military bridges. The ongoing global military trend is focused on the development of rapid deployment forces to engage in asymmetrical conflicts. Thus, the combatant forces can attain the operational efficiency by employing a good synergy between their components, and ensure high mobility of the support equipment. Thus, the military organizations across the globe are deploying rapidly emplaced bridge systems, including assault bridges, wheel vehicle mounted bridges, floating ribbon bridges, as well as amphibious bridges.
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Global Military Floating Bridge Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Military floating bridges primarily include ribbon bridges and self-propelled floating bridges. The ground military personnel and the marine forces use these for missions, including sheltered water and river crossings in combat and rescue operations. These bridges can also be utilized for the transportation and mobilization of cargo and supplies and combat vehicles. Over the years, these bridges have gained importance in the global military organizations and are deployed in an adequate number across the globe.
Further, the report states that one challenge that would hinder market growth is defense budget cuts.
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