[180 Pages Report] The amphibious vehicles market is projected to grow from USD 2.39 Billion in 2017 to USD 3.70 Billion by 2022, at a CAGR of 9.13% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

Objectives of the Study:

The report analyzes the amphibious vehicles market based on end user (defense and commerical), application (surveillance & rescue, water transportation, sports/recreation, excavation, and others), and propulsion (screw propeller, water jet, track-based, and others). These segments and sub-segments have been mapped across major regions, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW).

The report provides in-depth market intelligence regarding the amphibious vehicles market and major factors, including drivers, restraints, opportunities, and challenges that may influence the growth of the market, along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contributions.

The report also covers competitive developments, such as long-term contracts, agreements, and research & development activities in the amphibious vehicles market, in addition to business and corporate strategies adopted by key market players.

Research Methodology:

Market size estimation for various segments and sub-segments of the amphibious vehicles market has been arrived at referring to varied secondary sources such as Naval Technology Journals, United Nations Conference on Trade and Development (UNCTAD), annual reports and publications, among others. Further market triangulation has been performed with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire the final quantitative and qualitative data. This data is consolidated with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

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The amphibious excavator market ecosystem comprises manufacturers, such as Hitachi Construction Machinery (Europe) N.V. (Netherlands), EIK Engineering Sdn. Bhd. (Malaysia), Wetland Equipment Company, Inc. (U.S.), Wilco Manufacturing LLC (U.S.), and Marsh Buggies Incorporated (U.S.).

Major manufacturers in the amphibious assault vehicles market include BAE Systems (U.K.), General Dynamics Corporation (U.S.), Lockheed Martin Corporation (U.S.), and Rheinmetall AG (Germany).

Key Target Audience:

Amphibious Vehicle Developers

Defense Companies

Excavator & Undercarriage Manufacturers

Component Manufacturers

Scope of the Report:

This research report categorizes the amphibious vehicles market into the following segments and sub-segments:

Amphibious Vehicles Market, by end user Defense Commercial

Amphibious Vehicles Market, by application Surveillance & resuce Water transportation Sports/Recreation Excavation Others

Amphibious Vehicles Market, by propulsion Screw propeller Water jet Track-based Others

Amphibious Vehicles Market, by region North America Europe Asia-Pacific Rest of the World



Customizations available for the report:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the company. The following customization options are available for the report:

Company Information Detailed analysis and profiles of additional market players (up to five)



The amphibious vehicles market is projected to grow from an estimated USD 2.39 Billion in 2017 to USD 3.70 Billion by 2022, at a CAGR of 9.13% during the forecast period. Amphibious vehicles are employed to provide combat support to defense forces during amphibious military operations or as excavators for dredging and reclamations of rivers, or water bodies.

The demand for amphibious vehicles is expected to be driven by the increasing demand from militaries owing to rising conflicts, increasing commercial applications, accessibility in rough terrain, and the assault amphibious vehicle upgradation program of the U.S. Army.

The amphibious vehicles market has been segmented on the basis of end user, application, propeller, and region. Based on end user, the amphibious vehicles market has been classified into defense and commercial. The commercial segment is expected to witness high growth from 2017 to 2022, owing to the rising adoption of amphibious excavators for dredging purposes.

Based on application, the amphibious vehicles market has been segmented into surveillance & rescue, water transportation, sports, and excavation. The excavation segment is expected to witness high growth during the forecast period, owing to increasing inland waterway projects and the demand for land reclamation.

Based on propulsion, the market has been segmented into screw propeller, water jet, track-based, and others segments. The track-based segment is estimated to lead the amphibious vehicles market in 2017 as it allows amphibious vehicles to move at high speeds on both, water and land surfaces. This provides military troops with efficient monitoring and inspection of land and water borders.

Based on region, the market has been categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Several countries, such as China, India, and Japan, among others are increasingly investing in the development of defense capabilities. The market in the Asia-Pacific is projected to witness high growth from 2017 to 2022, due to rise in regional conflicts.

Declining defense budgets of advanced economies can restrain the growth of the market. Due to the economic slowdown, major defense spenders such as the U.S. and European countries have reduced their defense expenditure, which is expected to affect the market of amphibious vehicles, globally.

Products offered by various companies in the amphibious vehicles market have been listed in this report. The recent developments section of the report includes recent and important developments made by various companies between 2013 and 2017. Major companies profiled in the report include BAE Systems (U.K.), General Dynamics Corporation (U.S.), Lockheed Martin Corporation (U.S.), and Rheinmetall AG (Germany). Contracts accounted for a major share of all the growth strategies adopted by leading players in the amphibious vehicles market. This strategy has enabled companies to strengthen their market shares in the amphibious vehicles market.

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