Amphibious Vehicle Market Report

Amphibious Vehicle Market Insights 

Amphibious vehicle market is likely to witness an impressive CAGR of 10.2% during the forecast period. The claim for amphibious vehicles is expected to be propelled by the rising demand from militaries owing to the increasing conflicts, rising commercial applications, the assault amphibious vehicle upgradation program of the U.S. Army, and the accessibility in rough terrain.

Market Share Analysis

Wish to Get a Free Sample? Register Here

Amphibious Vehicle Market Share: By End-User Type

Based on the end-user type, the market is segmented as defense and commercial. The commercial segment is estimated to witness a higher growth during the forecast period, driven by the increasing adoption of amphibious excavators for dredging purposes across the globe.

Amphibious Vehicle Market Share: By Propulsion Type

Based on the propulsion type, the market is segmented as screw propellers, water jet, track-based, and others. The track-based segment was expected to remain dominant in 2018, as it enables amphibious vehicles to travel at high speeds on both, water and land surfaces. This empowers the military troops with efficient monitoring and inspection of land and water borders. The segment is estimated to maintain its dominance during the forecast period as well.

Amphibious Vehicle Market Share: By Application Type

Based on the application type, the market is segmented as surveillance & rescue, water transportation, sports/recreation, excavation, and others. The excavation segment is estimated to witness the highest growth during the forecast period. This growth can be attributed to the rising inland waterway projects and the demand for land reclamation.

Amphibious Vehicle Market Share: By Region

In terms of regions, various countries, such as India, China, and Japan, among others are enormously investing to solidify their defense capabilities. The Asia-Pacific market is estimated to depict the highest growth during the forecast period, driven by an increase in the regional conflicts. The North American and the European regions are also expected to offer substantial growth opportunities in the coming five years.

Know which region offers best growth opportunities. Register Here

Some of the major players in the amphibious vehicle market are-

• BAE Systems plc
• General Dynamics Corporation
• Griffon Hoverwork Ltd. (GHL)
• Hanjin Heavy Industry Co. Ltd.
• JSC Kurganmashzavod
• Lockheed Martin Corporation
• Norinco International Cooperation Ltd.
• Renault Trucks Defense
• Rheinmetall AG
• Science Applications International Corporation (SAIC)

Market Scope & Segmentation

Amphibious Vehicle is a vehicle that is capable of operating on land as well as water. Such vehicles are mostly used in carrying cargo and also transporting the military. Hence, it can be said that the vehicle has a defense as well as commercial use.

Amphibious vehicles can be available in different types such as in the form of water jets, screw propellers, and many others. Such vehicles are highly used in activities such as surveillance, water transportation, sports, excavation, and also many others.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The amphibious vehicle market is segmented into the following categories. 

Amphibious Vehicle Market Size, Share, & Forecast, by End-User Type:

• Defense
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Vehicle Type Analysis: Defense Amphibious Vehicle Market, by Vehicle Type)

• Commercial
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Vehicle Type Analysis: Commercial Amphibious Vehicle Market, By Vehicle Type)

Amphibious Vehicle Market Size, Share, & Forecast, by Propulsion Type:

• Screw Propellers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Water Jet (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Track-Based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Amphibious Vehicle Market Size, Share, & Forecast, by Application Type:

• Surveillance & Rescue (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Water Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sports/Recreation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Excavation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Amphibious Vehicle Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Want to know the most attractive market segments? Register Here

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of application types by end-user type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.