According to the latest report by IMARC Group, titled, “Amphibious Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global amphibious vehicle market reached a value of US$ 2.85 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.08 Billion by 2027 exhibiting a CAGR of 9.60% during 2022-2027.
Amphibious vehicles refer to the multipurpose convertible vehicles that can be utilized on land and in water to transport passengers and cargo. They include amphibious bicycles, cars, buses, trucks, combat vehicles, railway vehicles, hovercraft, etc. Amphibious vehicles are integral in military missions as they assist in merging maritime and terrain-based operations. They are also convenient to store, affordable, require less maintenance, can be used on harsh terrains, etc. Amphibious vehicles are used for several purposes, such as during disaster relief operations and to distribute humanitarian aid.
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Market Trends
The escalating number of geopolitical conflicts and the increasing investments in the defense sector by government bodies are some of the key factors driving the amphibious vehicle market. Furthermore, the rising popularity of water adventure tourism, owing to the elevating urbanization and disposable income levels, is also catalyzing the market growth. Besides this, the expanding product utilization in the construction industry in engineering and mining projects in remote environments, including flooded areas and inaccessible terrains, is further augmenting the global market. Additionally, the inflating usage of these vehicles for dredging purposes, such as in maintaining riverbeds, swamps, lakes, ponds, reservoirs, etc., is projected to fuel the amphibious vehicle market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- BAE Systems plc
- EIK Engineering Sdn Bhd
- General Dynamics Corporation
- Hydratrek Inc.
- Lockheed Martin Corporation
- Marsh Buggies Inc.
- Remu Oy
- Science Applications International Corporation
- Ultratrex Machinery Sdn. Bhd.
- Wetland Equipment Company
- Wilco Manufacturing L.L.C.
- Wilson Marsh Equipment Company.
The report has segmented the market based on mode of propulsion, application and end use.
Breakup by Mode of Propulsion:
- Waterjet
- Track-based
- Screw Propellers
- Others
Breakup by Application:
- Surveillance and Rescue
- Water Sports
- Water Transportation
- Excavation
- Others
Breakup by End Use:
- Defense
- Commercial
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Table of Content:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Amphibious Vehicle Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Mode of Propulsion
6.1 Waterjet
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Track-based
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Screw Propellers
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Application
7.1 Surveillance and Rescue
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Water Sports
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Water Transportation
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Excavation
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End Use
8.1 Defense
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 BAE Systems plc
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 EIK Engineering Sdn Bhd
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 General Dynamics Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Hydratrek Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Lockheed Martin Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Marsh Buggies Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Remu Oy
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Science Applications International Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Ultratrex Machinery Sdn. Bhd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Wetland Equipment Company
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Wilco Manufacturing L.L.C.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Wilson Marsh Equipment Company
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
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