Reports
Global Amphibious Vehicle Market Size, Share, Growth, Trends, Forecast: By Mode of Propulsion: Water-jet, Track-based, Screw propellers; By Application: Surveillance and rescue, Water Sports, Water Transportation, Excavation; By End Use: Defence, Commercial; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Amphibious Vehicle Market Outlook
The global amphibious vehicle market size attained a value of approximately USD 3.19 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.40%, reaching a value of around USD 5.14 billion by 2032.
The market for amphibious vehicles is being driven by rising spending on water adventure tourism by travellers worldwide, supported by increasing disposable incomes and growing awareness of amphibious vehicles. Amphibious vehicles are also increasingly being used in the construction sector to make it easier to complete various mining and engineering projects in challenging locations like flooded areas and other hazardous or inaccessible terrains, thus positively influencing the amphibious vehicle market growth. Advancements in technology are anticipated to play a key role in the future market for amphibious vehicles as the speed, manoeuvrability, and accessibility of amphibious vehicles improve. With rising water levels at coastlines worldwide, the demand for amphibious vehicles is expected to increase in the coming years.
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Increasing Applications in Defence Sector are 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 bolstering the global amphibious vehicle market.
Amphibious assault vehicles (AAV) are equipped with strong engines that provide high speed and power in both water as well as on land. The specialised amphibious vehicles for military and defence operations are fixed with arms and ammunitions are reliable and versatile, thereby strengthening the country’s defence system. Rising cases of terrorism, smuggling, and illegal entry into international borders, are resulting in various governments increasing spending on defence structures and amphibious vehicles, thereby invigorating 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 propellers and are most widely used in commercial and military applications.
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On the basis of mode of propulsion, the market is divided into:
- Water-Jet
- Track-Based
- Screw Propellers
Based on application, the market is categorised into:
- Surveillance and Rescue
- Water Sports
- Water Transportation
- Excavation
On the basis of end use, the market is bifurcated into:
- Defence
- Commercial
The EMR report looks into the regional markets of amphibious vehicles like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Rising Demand for Amphibious Vehicles for Commercial Activities to Augment the Market
The commercial sector is expected to hold a significant share in the overall market 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 of amphibious vehicles in the commercial sector. 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 amphibious vehicle market revenue. 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. Expanding commercial applications are thus expected to drive the growth of the market for amphibious vehicles.
Key Players in the Global Amphibious Vehicle Market
The report presents a detailed analysis of the following global amphibious vehicle market key players, 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 market. 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Mode of Propulsion |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 (2018-2023)
8.3 Global Amphibious Vehicle Market Forecast (2024-2032)
8.4 Global Amphibious Vehicle Market by Mode of Propulsion
8.4.1 Water-jet
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Track-based
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Screw propellers
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Amphibious Vehicle Market by Application
8.5.1 Surveillance and rescue
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Water Sports
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Water Transportation
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Excavation
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Amphibious Vehicle Market by End Use
8.6.1 Defence
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Amphibious Vehicle Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Amphibious Vehicle Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Amphibious Vehicle Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Amphibious Vehicle Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Amphibious Vehicle Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Amphibious Vehicle Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Amphibious Vehicle Historical Market: Breakup by Mode of Propulsion (USD Billion), 2018-2023
3. Global Amphibious Vehicle Market Forecast: Breakup by Mode of Propulsion (USD Billion), 2024-2032
4. Global Amphibious Vehicle Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Amphibious Vehicle Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Amphibious Vehicle Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Amphibious Vehicle Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Amphibious Vehicle Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Amphibious Vehicle Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Amphibious Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Amphibious Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Amphibious Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Amphibious Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Amphibious Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Amphibious Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Amphibious Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Amphibious Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Amphibious Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Amphibious Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Amphibious Vehicle Market Structure
Key Questions Answered in the Report
The global market for amphibious vehicles attained a value of approximately USD 3.19 billion in 2023.
The market is projected to grow at a CAGR of 8.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 5.14 billion by 2032.
The market is being driven by the rising use of amphibious vehicles for military applications, improvements in manoeuvrability of amphibious vehicles, and increasing demand for commercial applications.
The key amphibious vehicle market trends include increasing development of inland waterways, technological advancements, and rising popularity of automatic amphibious vehicles.
The major regional markets for amphibious vehicle are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The various modes of propulsions of amphibious vehicles in the market are water-jet, track-based, and screw propellers.
The significant applications of amphibious vehicles are surveillance and rescue, water sports, water transportation, and excavation.
The leading end uses of amphibious vehicles in the market are defence and commercial.
The major players in the market, according to the report, 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 approximately USD 3.19 billion in 2023, driven by rising applications in the military sector. Aided by robust use in the commercial sector, the market is expected to grow at a CAGR of 8.40% in the forecast period of 2024-2032 to reach a value of around USD 5.14 billion by 2032.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the market. On the basis of mode of propulsion, the market is divided into water-jet, track-based, and screw propellers. Based on application, the market is segmented into surveillance and rescue, water sports, water transportation, and excavation. The significant 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 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.
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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