According to a new report published by Allied Market Research, titled, โGovernment and Education Logistics Market,” The government and education logistics market was valued at $406.19 billion in 2021, and is estimated to reach $917.4 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031.
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Asia-Pacificย dominated the globalย government and education logisticsย market. This was primarily due to the activeย highly integrated supply chain network that links producers and consumers through multiple transportation modes such as air & expresses delivery services, rail, maritime transport, and truck transport.ย Moreover, governments of countries across Asia-Pacific are investing heavily to strengthen logistics and transportation infrastructure as well as launching various trade & transportation initiatives are key factors that help propel the growth of the market across the region.
A rise in demand for military logistics services across the region to transport military equipment and structural materials is anticipated to drive the demand for the government and education logistics market across the region.ย The developments in logistics and supply chains by developed and developing nations, the quick renovation of warehouse facilities, the expansion of transportation facilities, and consumer demand for public utilities are the factors anticipated to fuel the growth of the market for government and educational logistics. One important element that contributes to the market expansion in the region is the establishment of military logistic platforms by the governments of emerging nations.
Covid-19 Scenario:
- The outbreak of COVID-19 has resulted in travel bans and quarantines, which made massive slowing of the supply chain and logistics activities across the world.
- As a consequence of the coronavirus outbreak, important supply chains in the logistics and transportation industry are hampered, though differently across the road, air, and sea sectors transportation.
- Over 1.7 billion children, youth, and their families have had their educational process severely disrupted by the COVID-19 problem, which has prompted school closures in 188 nations and had a direct influence on the global government and education logistics system.
- The global government and education logistics market have a high scope of growth opportunities in the future due to factors such as government organizations and health professionals playing in developing policies for employee safety and catastrophe risk reduction strategies for unforeseen pandemics.
๐๐ป๐๐ฒ๐ฟ๐ฒ๐๐๐ฒ๐ฑ ๐๐ผ ๐ฃ๐ฟ๐ผ๐ฐ๐๐ฟ๐ฒ ๐๐ต๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐? ๐๐ป๐พ๐๐ถ๐ฟ๐ฒ ๐๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐๐๐๐ถ๐ป๐ด – https://www.alliedmarketresearch.com/purchase-enquiry/8175
Military infrastructure is a mission-critical aspect of operations and is becoming a high priority for all defense agencies worldwide with increased global tension, preparation, execution, and contingency. This creates a need for transportation services for the installation of military infrastructures. Also, the successful use of military and defense logistics in military operations is motivated by increasing situational awareness and providing real-time information on the effective distribution of tasks and resources including the deployment of troops in humanitarian missions. Furthermore, the continued development and modernization of defense infrastructure and military forces are also driving the growth of the government logistics industry.
Furthermore, in North Anerica regionย initiatives by the U.S. general services administration (GSA) to offer various solutions for all fleet management and transportation needs of the federal government are driving the growth of the market across the region. In addition, the federal government is provided with thorough fleet management services by GSA Fleet. Along with the internet tools for simple acquisitions, the set of offerings includes alternatives for buying, leasing, and renting vehicles.
Moreover, the rising use of logistics services to supply land, air, and sea transportation for the department of defense (DoD) and the governmentโs actions to strengthen logistics and supply chains across the country are anticipated to boost the growth of the market during the forecast period. For instance, in January 2022, the Biden-Harris Administration announced that it will invest more than $14 billion of this funding in the fiscal year 2022 for over 500 projects across 52 states and territories. Investments include expanding capacity at some of the nationโs largest and fastest-growing ports.ย
KEY FINDINGS OF THE STUDY
- By end use, the military and defense segment is anticipated to exhibit significant growth in the near future.
- By business type, the distribution segment is anticipated to exhibit significant growth in the near future.
- By mode of operation, the storage segment is anticipated to exhibit significant growth in the near future.
- By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
Key players operating in theย global government and education logistics marketย include Agility, AIT Worldwide Logistics, Inc., ARC Worldwide Limited, Atlantic Logistics, Deutsche Post DHL Group, DB Schenker, DSV, PLS Logistics, Scan Global Logistics A/S, SEKO Logistics, and Vetcom Logistics.
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