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Global Amphibious Vehicle Market: By Mode of Propulsion: Water-jet, Track-based, Screw propellers; By Application: Surveillance and rescue, Water Sports, Water Transportation, Excavation; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Amphibious Vehicle Market Outlook
The global amphibious vehicle market attained a value of beyond USD 2.91 billion in 2021. The market is further expected to grow at a CAGR of 8.35% during the forecast period of 2023-2028 to reach more than USD 4.71 billion by 2027.
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Amphibious Vehicles for the Military and Defence Sector is Driving the Market Growth of Amphibious Vehicles
The growth in the global market for amphibious vehicles can be associated with the rising investments in military and defence. The increasing demand for amphibious vehicles, especially from nations with aquatic borders, is augmenting the growth of the market.
Amphibious assault vehicles (AAV) are equipped with strong engines that provide high speed and power in both, water as well as on land. Amphibious vehicles for military and defence operations are fixed with arms and ammunitions are reliable and versatile, thereby strengthening the country’s defence system. These factors are therefore contributing to the growth of the market. Owing to the rising cases of terrorism, smuggling, and illegal entry into international borders, the government spending on the country’s defence structure is invigorating, thereby propelling the growth of the market.
Amphibious Vehicle: Market Segmentation
Amphibious vehicles are vehicles that are capable of operating on both, land as well as on a water body. These vehicles are generally available as water jets, track-based vehicles, and screw propels and are most widely used in several commercial and military applications.
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On the basis of propulsion, the market can be divided into:
- Water-jet
- Track-based
- Screw propellers
The market, based on application, can be categorised into:
- Surveillance and rescue
- Water Sports
- Water Transportation
- Excavation
Based on end use, the market can be segmented into:
- Defence
- Commercial
The EMR report looks into the regional markets of amphibious vehicle like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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The Rising Demand for Amphibious Vehicles for Commercial Activities to Augment the Growth of the Market
The commercial sector is expected to hold a significant share in the overall market growth of amphibious vehicles over the forecast period. This can be associated with the rising consumer spending on activities like water sports. In addition to this, water transportation is another key application for the market growth of amphibious vehicles in the commercial sector. Furthermore, owing to their durability, high speed, and power, certain amphibious vehicles are often used for water mud removal, land reclamation, excavation, and waterway constructions, among others, in the commercial sector, which further boosts the growth of the market. Further, the rising demand for amphibious vehicles for dredging purposes, such as maintenance of riverbeds, reservoirs, and lakes, among others, is further generating robust growth prospects for the market. These commercial applications are thus expected to drive the growth of the market.
Key Industry Players in the Global Amphibious Vehicle Market
The report presents a detailed analysis of the following key players in the global amphibious vehicle market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:
- 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
- Rheinmetall AG
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Mode of Propulsion, Application, End Use, Region |
| Breakup by Mode of Propulsion | Water-jet, Track-based, Screw propellers |
| Breakup by Application | Surveillance and rescue, Water Sports, Water Transportation, Excavation |
| Breakup by End Use | Defence, Commercial |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 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, Rheinmetall AG, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Amphibious Vehicle Market Analysis
8.1 Key Industry Highlights
8.2 Global Amphibious Vehicle Historical Market (2018-2022)
8.3 Global Amphibious Vehicle Market Forecast (2023-2028)
8.4 Global Amphibious Vehicle Market by Mode of Propulsion
8.4.1 Water-jet
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Track-based
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Screw propellers
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Amphibious Vehicle Market by Application
8.5.1 Surveillance and rescue
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Water Sports
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Water Transportation
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Excavation
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.6 Global Amphibious Vehicle Market by End Use
8.6.1 Defence
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Amphibious Vehicle Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Amphibious Vehicle Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Amphibious Vehicle Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Amphibious Vehicle Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Amphibious Vehicle Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Amphibious Vehicle Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 BAE Systems plc
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 EIK Engineering Sdn Bhd
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 General Dynamics Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Hitachi Construction Machinery Co., Ltd.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Lockheed Martin Corporation
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Marsh Buggies Incorporated
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Wetland Equipment Company
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Wilco Manufacturing LLC
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Science Applications International Corporation
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Rheinmetall AG
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Amphibious Vehicle Market: Key Industry Highlights, 2018 and 2028
2. Global Amphibious Vehicle Historical Market: Breakup by Mode of Propulsion (USD Billion), 2018-2022
3. Global Amphibious Vehicle Market Forecast: Breakup by Mode of Propulsion (USD Billion), 2023-2028
4. Global Amphibious Vehicle Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Amphibious Vehicle Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Amphibious Vehicle Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Amphibious Vehicle Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Amphibious Vehicle Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Amphibious Vehicle Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Amphibious Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Amphibious Vehicle Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Amphibious Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Amphibious Vehicle Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Amphibious Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Amphibious Vehicle Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Amphibious Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Amphibious Vehicle Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Amphibious Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Amphibious Vehicle Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Amphibious Vehicle Market Structure
Key Questions Answered in the Report
The global amphibious vehicle market attained a value of more than USD 2.91 billion in 2021.
The market is projected to grow at a CAGR of 8.35% in the forecast period of 2023-2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach above USD 4.71 billion by 2027.
The market is being driven by the rising use of amphibious vehicles for military applications like surveillance and war, especially on aquatic borders.
The increasing use of amphibious vehicles for commercial use, such as water sports, transportation, and constructions, among others, are expected to drive the market growth in the coming years.
The major regional markets for amphibious vehicle are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The market segmentations based on propulsion include water-jet, track-based, and screw propellers.
The significant applications of amphibious vehicles are surveillance and rescue, water sports, water transportation, and excavation.
The major end uses of amphibious vehicle are defence and commercial.
The major players in the industry 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.
Analyst Review
The global amphibious vehicle market attained a value of more than USD 2.91 billion in 2021, driven by the rising applications in the military sector. Aided by robust use in the commercial sector, the market is expected to grow at a CAGR of 8.35% in the forecast period of 2023-2028 to reach above USD 4.71 billion by 2027.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of propulsion, the market can be divided into water-jet, track-based, and screw propellers. Based on application, the market can be segmented into surveillance and rescue, water sports, water transportation, and excavation. The major end uses of amphibious vehicles are defence and commercial. The major regional markets for amphibious vehicle are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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