Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The Asia Pacific region is expected to emerge as the leading region in the global market for amphibious vehicles. This can be associated with the rising investments in the military and defence by countries like China, Japan, and India, among others. There has been an increase in the usage of advanced amphibious combat vehicles due to their characteristics like mobility and survivability. Moreover, the growth of electrically propelled vehicles with advanced characteristics, such as command and control feature and active protection systems, among other features, are expected to stimulate the growth of the market. Furthermore, owing to the presence of key automobile manufacturing companies in countries like Japan and Korea, the market is further expected to contribute towards the development of advanced amphibious vehicles, thereby strengthening the market growth in the region over the forecast period.
General Dynamics European Land Systems (GDELS) recently announced that South Korea has acquired 110 GDELS M3 vehicles in October 2022. The amphibious bridging vehicles have been selected for the Republic of Korea Army, which will be jointly produced with Hanwha Defence Corporation under the Korean Amphibious Bridging Vehicle programme. The amphibious vehicles by GDELS provides load capacity, assembly time, and manoeuvrability both on water and land. Such developments are leading the market growth of amphibious vehicles. The market growth is also augmented by the ongoing developments by the leading market players, such as Hitachi Construction Machinery Co., Ltd. (TYO: 6305).
Market Analysis by Propulsion, Application, End-Use, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global amphibious vehicle market are BAE Systems plc, EIK Engineering Sdn Bhd, General Dynamics Corporation, Hitachi Construction Machinery Co., Ltd., Lockheed Martin Corporation, Marsh Buggies Incorporated, Wetland Equipment Company, Wilco Manufacturing LLC, Science Applications International Corporation, and Rheinmetall AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.