This new report from Stratview Research analyses the Amphibious Vehicle Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Amphibious Vehicle Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Amphibious Vehicle Market is no different. Derived from the previous market scenario, the Amphibious Vehicle Market is likely to witness an impressive CAGR of 10.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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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.
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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.
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, and Science Applications International Corporation (SAIC).
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