Amphibious Vehicle Market Size to Reach US$ 5.4 Billion by 2028 | Industry CAGR of 8.63%
According to the latest report by IMARC Group, titled, “Amphibious Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global amphibious vehicle market size reached US$ 3.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.63% during 2023-2028.
An amphibious vehicle is easy to land on mud, rocks, or steep inclines while providing safety to individuals. It is used in the field of military and surveillance operations while transporting passengers and cargo efficiently. It is also employed in various commercial applications, such as water sports and recreational activities. Besides this, it assists in dredging applications, such as the maintenance of river beds, swamps, lakes, ponds, and reservoirs, and environmental clean-ups. As it is versatile and easy to maintain, the demand for an amphibious vehicle is rising across the globe.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/amphibious-vehicle-market/requestsample
Amphibious Vehicle Market Trends and Drivers:
At present, the increasing demand for amphibious vehicles in the defense sector, as they can be equipped with guns and ammunition and offer high performance during battlefield operations, represents one of the key factors supporting the growth of the market. In addition, the escalating demand for advanced amphibious combat vehicles (ACV) in marine applications is offering lucrative growth opportunities to industry investors. Besides this, the growing utilization of amphibious vehicles due to their robust engines providing high speed and power in all terrains is positively influencing the market. Moreover, increasing employment of amphibious vehicles in land reclamation, excavation, water mud removal, and waterway constructions is bolstering the growth of the market.
Amphibious Vehicle Market 2023-2028 Competitive Analysis and Segmentation:
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
Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/amphibious-vehicle-market
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Top Trending Reports (Book Now with 10% Discount):
Automotive Filters Market Report
Online Car Buying Market Report
Automotive Wiring Harness Industry in India
Off-the-Road Tire Market Report
Motorcycle Lighting Market Report
India Electric Vehicle Charging Station Market Report
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
