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Amphibious Vehicle Market by Mode of Propulsion (Water-Jet, Track-Based and Screw Propeller), Application (Surveillance & Rescue, Water Sports, Water Transportation and Excavation), and End Use (Defense and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2027

A10097
Pages: 232
Feb 2021 | 261 Views
 
Author(s) : Akshay Jadhav, Akshay Jawarkar , Sonia Mutreja
Tables: 100
Charts: 63
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Amphibious Vehicle Market Statistics - 2027

The global amphibious vehicle market was valued at $2,704.30 million in 2019, and is projected to reach $5,029.10 million by 2027, registering a CAGR of 8.5% from 2020 to 2027.

The COVID-19 pandemic has forced governments to focus their spending on healthcare and safeguarding the economy, which could possibly result in shifting priorities away from defense spending. Some countries have already announced cuts to their defense budget for 2020. India and Thailand are some of the first countries to have announced a reduction in defense expenditures amid the COVID-19 crisis. For instance, With COVID-19 cases on the rise in Europe and Latin America, operations of many defense firms, such as Navantia and Indra in Spain may be affected by partial or complete shutdowns or regulated functioning, thus the immediate and direct impact of the pandemic has been on defense budgets worldwide, which is expected to affect amphibious vehicle market.

An amphibious vehicle is a means of transport, viable on land as well as on water even under water. It is also called as amphibian. This type of vehicle offers versatile usage. It can be used for defense owing to its various applications in the field of military and surveillance operations. This type of vehicle is used for a variety of commercial applications including water sports & recreation and water transportation due to rise in popularity and technological advancements. Moreover, amphibious excavators are used for dredging applications, such as maintenance of river beds, swamps, lakes, ponds, & reservoirs, environmental clean-ups, and others.

Amphibious-Vehicle-Market

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Rise in investment in defense sector to aid amphibious vehicle adoption and surge in the demand for commercial applications are the factors expected to drive the market growth. However, high initial cost of amphibious vehicle and increase in operational costs followed by serviceability hinders the market growth. Further, increase in the use of advanced amphibious combat vehicles (ACV) in marine applications and surge in demand for amphibious excavators for dredging and excavation are expected to offer lucrative opportunities for amphibious vehicle market growth.

The market is segmented on the basis of mode of propulsion, application, end use, and region. By mode of transportation, it is divided into water-jet, track-based, and screw propeller. By application, it is divided into surveillance & rescue, water sports, water transportation, and excavation. By end use, it is bifurcated into defense and commercial. By region, it is studied across North America, Europe, Asia-Pacific, and LAMEA. 

Amphibious Vehicle Market
By Mode of Propulsion

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Screw Propellers is projected as the most lucrative segment

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The key players operating in the amphibious vehicle market are BAE Systems, EIK Engineering Sdn. Bhd., General Dynamics Corporation, Hitachi Construction Machinery, Lockheed Martin Corporation, Marsh Buggies Incorporated, Rheinmetall AG, Science Applications International Corporation (SAIC), Wetland Equipment Company, Inc., and Wilco Manufacturing LLC.

Rise in investment in defense sector to aid amphibious vehicle adoption

Leading countries such as the U.S., Russia, China, Saudi Arabia, and India are strengthening the defense sectors by investing huge amounts in the procurement and development of advanced military systems. In addition, due to the rise in concern for border security and terrorism, the emerging economies across the globe are modernizing their conventional defense equipment and systems to tackle the enemy.

Amphibious Vehicle Market
By Application

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Water Sports is projected as the most lucrative segment

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Furthermore, amphibious assault vehicles (AAV) comprise of robust engines providing high speed and power in all-terrains. Also, these vehicles are reliable, versatile, equipped with guns and ammunition, and offer high performance during battlefield operations. Thus, countries across the globe are looking forward to procuring these vehicles for their robust defense system. This in turn, fuels the demand for amphibious vehicles market. For instance, according to Stockholm International Peace Research Institute (SIPRI), military spending by the U.S grew by 5.3% to a total of $732 billion in 2019 and accounted for 38% of global military spending. Also, China was the second largest military spenders $261 billion in 2019, a 5.1% increase compared with 2018.

Rise in demand for commercial application

Increase in water transportation and water sports activities have led the commercial amphibious manufacturers to develop technologically advanced amphibious vehicles to fulfill the surge in demand from the commercial sectors. In addition, increase in usage of amphibious vehicles in various commercial activities such as land reclamation, excavation, water mud removal, waterway constructions, and others further boost the demand for amphibious vehicles. This factor positively impacts the growth of the amphibious vehicle market. For instance, in December 2018, Chennai Municipal Corporation, India, announced a plans to buy new amphibious equipment, a mini-amphibian, and amphibious robotic excavators to clean smaller water bodies under Swachh Bharat Mission (SBM).  

Amphibious Vehicle Market
By End-Use

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Defense is projected as the most lucrative segment

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High initial cost of amphibious vehicle

The adoption of advanced technology-based systems and equipment in the amphibious vehicles increases the initial cost of the vehicle. The design of the vehicle can be customized as per the applications. Thus, the systems used in the vehicle must be compatible with both land as well as water, leading to high expenditure. In addition, the engine used in these vehicles is different from the engine used in the land operated vehicles and has to be specially designed to operate on land as well as water. Such factors increase the initial cost of vehicles and thus are expected to hamper the growth of the amphibious vehicle market.

Growth in demand for amphibious excavators for dredging and excavation

Amphibious excavators are used for dredging, wherein land reclamation is a major application of dredging. An increase in use of amphibious vehicle excavators for dredging applications, such as maintenance of river beds, swamps, lakes, ponds, and reservoirs is expected to offer lucrative opportunities for the market growth. In addition, rise in commercial and marine infrastructural activities such as bridge or waterway constructions, land reclamation & development, levee & wet lands reclamation, power line construction, and others across the globe also opens future growth opportunities for the amphibious vehicle market. For instance, in August 2019, Bell Dredging, a Dutch company specializing in engineering and manufacturing dredge equipment, expanded its fleet with an amphibious excavator that can work in shallow water and marshland. 

Amphibious Vehicle Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

LAMEA would exhibit the highest CAGR of 12.2% during 2020-2027.

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Covid-19 Scenario Analysis 

  • The COVID-19 pandemic has forced governments to focus on their spending on healthcare and safeguarding the economy, which could possibly result in shifting priorities away from defense spending.
  • Market players are anticipated to experience decrease in demand due to declining budgets and procurement priorities and a flattening of the growth curve over the long term  
  • In post COVID situation, amphibious vehicle market is expected to undergo certain changes, as market players and defense agencies are preparing for innovation shift after the lifting of restrictions to rapidly assess and adapt their supply chains.
  • The COVID-19 crisis is expected to affect commodity chains in the short & long term, owing to the decline in foreign investment.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the global amphibious vehicle market  analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall amphibious vehicle market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global amphibious vehicle with a detailed impact analysis.
  • The current amphibious vehicle is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Mode of Propulsion

  • Water-Jet
  • Track-Based
  • Screw Propellers

By Application

  • Surveillance & Rescue
  • Water Sports
  • Water Transportation
  • Excavation

By End-Use

  • Defense
  • Commercial

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany 
    • Italy
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan 
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • BAE Systems
  • EIK Engineering Sdn. Bhd.
  • General Dynamics Corporation 
  • Hitachi Construction Machinery
  • Lockheed Martin Corporation
  • Marsh Buggies Incorporated
  • Rheinmetall AG
  • Science Applications International Corporation 
  • Wetland Equipment Company, Inc. 
  • Wilco Manufacturing LLC
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Market share analysis (2019)
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Rising investment in defense sector to aid amphibious vehicle adoption
3.5.1.2.Rising the demand for commercial application

3.5.2.Restraints

3.5.2.1.High initial cost of amphibious vehicle
3.5.2.2.Increase in operational costs followed by seasonal serviceability

3.5.3.Opportunities

3.5.3.1.Rising the use of advanced amphibious vehicles (ACV) in marine application
3.5.3.2.Growing demand for amphibious excavators for dredging and excavation

3.6.Impact of COVID-19 on Market

3.6.1.Evolution of Outbreaks

3.6.1.1.COVID-19

3.6.2.Micro Economic Impact Analysis

3.6.2.1.Consumer trends
3.6.2.2.Technology trends
3.6.2.3.Regulatory trends

3.6.3.Macro-Economic Impact Analysis

3.6.3.1.GDP
3.6.3.2.Import/Export Analysis
3.6.3.3.Employment Index
3.6.3.4.Macro-Economic Indicators Projections

3.6.4.Impact on amphibious vehicle industry analysis

CHAPTER 4:AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION

4.1.Overview
4.2.Water-jet

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Track-based

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Screw propellers

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

CHAPTER 5:AMPHIBIOUS VEHICLES MARKET, BY APPLICATION

5.1.Overview
5.2.Surveillance & rescue

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Water Sports

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Water Transportation

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

5.5.Excavation

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country

CHAPTER 6:AMPHIBIOUS VEHICLES MARKET, BY END-USE

6.1.Overview
6.2.Defense

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Commercial

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

CHAPTER 7:AMPHIBIOUS VEHICLES MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by mode of propulsion
7.2.3.Market size and forecast, by application
7.2.4.Market size and forecast, by end-use
7.2.5.Market size and forecast, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by mode of propulsion
7.2.5.1.2.Market size and forecast, by application
7.2.5.1.3.Market size and forecast, by end-use

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by mode of propulsion
7.2.5.2.2.Market size and forecast, by application
7.2.5.2.3.Market size and forecast, by end-use

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by mode of propulsion
7.2.5.3.2.Market size and forecast, by application
7.2.5.3.3.Market size and forecast, by end-use

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by mode of propulsion
7.3.3.Market size and forecast, by application
7.3.4.Market size and forecast, by end-use
7.3.5.Market size and forecast, by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by mode of propulsion
7.3.5.1.2.Market size and forecast, by application
7.3.5.1.3.Market size and forecast, by end-use

7.3.5.2.Italy

7.3.5.2.1.Market size and forecast, by mode of propulsion
7.3.5.2.2.Market size and forecast, by application
7.3.5.2.3.Market size and forecast, by end-use

7.3.5.3.France

7.3.5.3.1.Market size and forecast, by mode of propulsion
7.3.5.3.2.Market size and forecast, by application
7.3.5.3.3.Market size and forecast, by end-use

7.3.5.4.Russia

7.3.5.4.1.Market size and forecast, by mode of propulsion
7.3.5.4.2.Market size and forecast, by application
7.3.5.4.3.Market size and forecast, by end-use

7.3.5.5.Rest of Europe

7.3.5.5.1.Market size and forecast, by mode of propulsion
7.3.5.5.2.Market size and forecast, by application
7.3.5.5.3.Market size and forecast, by end-use

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by mode of propulsion
7.4.3.Market size and forecast, by application
7.4.4.Market size and forecast, by end-use
7.4.5.Market size and forecast, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by mode of propulsion
7.4.5.1.2.Market size and forecast, by application
7.4.5.1.3.Market size and forecast, by end-use

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by mode of propulsion
7.4.5.2.2.Market size and forecast, by application
7.4.5.2.3.Market size and forecast, by end-use

7.4.5.3.India

7.4.5.3.1.Market size and forecast, by mode of propulsion
7.4.5.3.2.Market size and forecast, by application
7.4.5.3.3.Market size and forecast, by end-use

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by mode of propulsion
7.4.5.4.2.Market size and forecast, by application
7.4.5.4.3.Market size and forecast, by end-use

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by mode of propulsion
7.4.5.5.2.Market size and forecast, by application
7.4.5.5.3.Market size and forecast, by end-use

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by mode of propulsion
7.5.3.Market size and forecast, by application
7.5.4.Market size and forecast, by end-use
7.5.5.Market size and forecast, by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by mode of propulsion
7.5.5.1.2.Market size and forecast, by application
7.5.5.1.3.Market size and forecast, by end-use

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by mode of propulsion
7.5.5.2.2.Market size and forecast, by application
7.5.5.2.3.Market size and forecast, by end-use

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by mode of propulsion
7.5.5.3.2.Market size and forecast, by application
7.5.5.3.3.Market size and forecast, by end-use

CHAPTER 8:COMPANY PROFILES

8.1.BAE System

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance
8.1.6.Key strategic moves and developments

8.2.EIK Engineering Sdn Bhd

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio

8.3.General Dynamics Corporation

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance

8.4.Hitachi Construction Machinery Co., Ltd.

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.Business performance

8.5.Lockheed Martin Corporation

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance

8.6.Marsh Buggies Incorporated

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Product portfolio

8.7.Rheinmetall AG

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance
8.7.6.Key strategic moves and developments

8.8.Science Applications International Corporation (SAIC)

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Product portfolio
8.8.4.Business performance
8.8.5.Key strategic moves and developments

8.9.Wetland Equipment Company

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio

8.10.Wilco Manufacturing, L.L.C.

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio

LIST OF TABLES

TABLE 01.MACRO-ECONOMIC INDICATORS PROJECTIONS
TABLE 02.AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 03.WATER-JET AMPHIBIOUS VEHICLE MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 04.TRACK-BASED AMPHIBIOUS VEHICLE MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 05.SCREW PROPELLER AMPHIBIOUS VEHICLE MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 06.AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 07.AMPHIBIOUS VEHICLES MARKET FOR SURVEILLANCE & RESCUE, BY REGION 2019–2027 ($MILLION)
TABLE 08.AMPHIBIOUS VEHICLES MARKET FOR WATER SPORTS, BY REGION 2019–2027 ($MILLION)
TABLE 09.AMPHIBIOUS VEHICLES MARKET FOR WATER TRANSPORTATION, BY REGION 2019–2027 ($MILLION)
TABLE 10.AMPHIBIOUS VEHICLES MARKET FOR EXCAVATION, BY REGION 2019–2027 ($MILLION)
TABLE 11.AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 12.AMPHIBIOUS VEHICLES MARKET FOR DEFENSE, BY REGION 2019–2027 ($MILLION)
TABLE 13.AMPHIBIOUS VEHICLES MARKET FOR COMMERCIAL, BY REGION 2019–2027 ($MILLION)
TABLE 14.AMPHIBIOUS VEHICLES MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 15.NORTH AMERICA AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 16.NORTH AMERICA AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 17.NORTH AMERICA AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 18.U.S. AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 19.U.S. AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 20.U.S. AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 21.CANADA AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 22.CANADA AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 23.CANADA AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 24.MEXICO AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 25.MEXICO AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 26.MEXICO AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 27.EUROPE AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 28.EUROPE AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 29.EUROPE AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 30.GARMANY AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 31.GERMANY AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 32.GERMANY AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 33.ITALY AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 34.ITALY AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 35.ITALY AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 36.FRANCE AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 37.FRANCE AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 38.FRANCE AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 39.RUSSIA AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 40.RUSSIA AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 41.RUSSIA AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 42.REST OF EUROPE AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 43.REST OF EUROPE AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 44.REST OF EUROPE AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 45.ASIA-PACIFIC AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 46.ASIA-PACIFIC AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 47.ASIA-PACIFIC AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 48.CHINA AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 49.CHINA AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 50.CHINA AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 51.JAPAN AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 52.JAPAN AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 53.JAPAN AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 54.INDIA AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 55.INDIA AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 56.INDIA AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 57.SOUTH KOREA AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 58.SOUTH KOREA AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 59.SOUTH KOREA AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 60.REST OF ASIA-PACIFIC AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 61.REST OF ASIA-PACIFIC AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 62.REST OF ASIA-PACIFIC AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 63.LAMEA AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 64.LAMEA AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 65.LAMEA AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 66.LATIN AMERICA AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 67.LATIN AMERICA AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 68.LATIN AMERICA AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 69.MIDDLE EAST AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 70.MIDDLE EAST AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 71.MIDDLE EAST AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 72.AFRICA AMPHIBIOUS VEHICLES MARKET, BY MODE OF PROPULSION, 2019–2027 ($MILLION)
TABLE 73.AFRICA AMPHIBIOUS VEHICLES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 74.AFRICA AMPHIBIOUS VEHICLES MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 75.BAE SYSTEM: COMPANY SNAPSHOT
TABLE 76.BAE SYSTEM: OPERATING SEGMENTS
TABLE 77.BAE SYSTEM: PRODUCT PORTFOLIO
TABLE 78.BAE SYSTEM: KEY STRATEGIC MOVE
TABLE 79.EIK ENGINEERING SDN BHD: COMPANY SNAPSHOT
TABLE 80.EIK ENGINEERING SDN BHD: PRODUCT PORTFOLIO
TABLE 81.GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT
TABLE 82.GENERAL DYNAMICS CORPORATION: OPERATING SEGMENTS
TABLE 83.GENERAL DYNAMICS CORPORATION: PRODUCT PORTFOLIO
TABLE 84.HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT
TABLE 85.HITACHI CONSTRUCTION MACHINERY CO., LTD.: OPERATING SEGMENTS
TABLE 86.HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCT PORTFOLIO
TABLE 87.LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
TABLE 88.LOCKHEED MARTIN CORPORATION: BUSINESS SEGMENT
TABLE 89.LOCKHEED MARTIN CORPORATION: PRODUCT PORTFOLIO
TABLE 90.MARSH BUGGIES INCORPORATED: COMPANY SNAPSHOT
TABLE 91.MARSH BUGGIES INCORPORATED: PRODUCT PORTFOLIO
TABLE 92.RHEINMETALL AG: COMPANY SNAPSHOT
TABLE 93.RHEINMETALL AG: OPERATING SEGMENTS
TABLE 94.RHEINMETALL AG: PRODUCT PORTFOLIO
TABLE 95.SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): COMPANY SNAPSHOT
TABLE 96.SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): PRODUCT PORTFOLIO
TABLE 97.WETLAND EQUIPMENT COMPANY: COMPANY SNAPSHOT
TABLE 98.WETLAND EQUIPMENT COMPANY: PRODUCT PORTFOLIO
TABLE 99.WILCO MANUFACTURING, L.L.C.: COMPANY SNAPSHOT
TABLE 100.WILCO MANUFACTURING, L.L.C.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 07.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 09.LOW-TO-MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 10.LOW-MODERATE THREAT OF NEW ENTRANTS
FIGURE 11.LOW THREAT OF SUBSTITUTES
FIGURE 12.LOW-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.MARKET SHARE ANALYSIS (2019)
FIGURE 15.AMPHIBIOUS VEHICLES MARKET SHARE, BY MODE OF PROPULSION, 2019–2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF WATER-JET AMPHIBIOUS VEHICLE MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF TRACK-BASED AMPHIBIOUS VEHICLE MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF SCREW PROPELLER AMPHIBIOUS VEHICLE MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 19.AMPHIBIOUS VEHICLES MARKET SHARE, BY APPLICATION, 2019–2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF AMPHIBIOUS VEHICLES MARKET FOR SURVEILLANCE & RESCUE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF AMPHIBIOUS VEHICLES MARKET FOR WATER SPORTS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF AMPHIBIOUS VEHICLES MARKET FOR WATER TRANSPORTATION, BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF AMPHIBIOUS VEHICLES MARKET FOR EXCAVATION, BY COUNTRY, 2019 & 2027 (%)
FIGURE 24.AMPHIBIOUS VEHICLES MARKET SHARE, BY END-USE, 2019–2027 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF AMPHIBIOUS VEHICLES MARKET FOR DEFENSE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF AMPHIBIOUS VEHICLES MARKET FOR COMMERCIAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 27.AMPHIBIOUS VEHICLES MARKET, BY REGION, 2019–2027 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF AMPHIBIOUS VEHICLES MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 29.U.S. AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 30.CANADA AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 31.MEXICO AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 32.COMPARATIVE SHARE ANALYSIS OF AMPHIBIOUS VEHICLES MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 33.GERMANY AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 34.ITALY AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 35.FRANCE AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 36.RUSSIA AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 37.REST OF EUROPE AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 38.COMPARATIVE SHARE ANALYSIS OF AMPHIBIOUS VEHICLES MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 39.CHINA AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 40.JAPAN AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 41.INDIA AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 42.SOUTH KOREA AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 43.REST OF ASIA-PACIFIC AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 44.COMPARATIVE SHARE ANALYSIS OF AMPHIBIOUS VEHICLES MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 45.LATIN AMERICA AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 46.MIDDLE EAST AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 47.AFRICA AMPHIBIOUS VEHICLES MARKET, 2019–2027 ($MILLION)
FIGURE 48.BAE SYSTEM: NET SALES, 2017–2019 ($MILLION)
FIGURE 49.BAE SYSTEM: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 50.BAE SYSTEM: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 51.GENERAL DYNAMICS CORPORATION: REVENUE, 2017–2019 ($ MILLION)
FIGURE 52.GENERAL DYNAMICS CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 53.GENERAL DYNAMICS CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 54.HITACHI CONSTRUCTION MACHINERY CO., LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 55.HITACHI CONSTRUCTION MACHINERY CO., LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 56.HITACHI CONSTRUCTION MACHINERY CO., LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 57.LOCKHEED MARTIN CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 58.LOCKHEED MARTIN CORPORATION: REVENUE BY SHARE OF SEGMENT, 2019 (%)
FIGURE 59.LOCKHEED MARTIN CORPORATION: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 60.RHEINMETALL AG: REVENUE, 2017–2019 ($MILLION)
FIGURE 61.RHEINMETALL AG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 62.RHEINMETALL AG: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 63.SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): REVENUE, 2018–2020 ($MILLION)

 
 

Amphibious vehicle is capable of operating on land as well as water. It is majorly used to carry cargo or to transport the military. Hence, it can be said that the vehicle has a defense as well as commercial use. It is available in the form of water jets, screw propellers, and others. It is highly used in activities such as surveillance, water transportation, sports, excavation, and others.

At present, amphibious vehicles are widely used by the military forces across the globe to secure the sea borders from increasing conflicts via sea. Leading market players such as BAE Systems, EIK Engineering Sdn. Bhd., General Dynamics Corporation, Hitachi Construction Machinery, Lockheed Martin Corporation, Marsh Buggies Incorporated, Rheinmetall AG, Science Applications International Corporation (SAIC), Wetland Equipment Company, Inc., and Wilco Manufacturing LLC have been operating effectively in the amphibious vehicle market to offer advanced products and services. 

The factors such as rise in investment in defense sector and surge in the demand for commercial application are expected to drive the market growth. However, high initial cost of amphibious vehicle and increase in operational costs followed by serviceability hinder the market growth. Further, rise in the use of advanced amphibious combat vehicles (ACV) in marine application and surge in demand for amphibious excavators for dredging and excavation are some of the factors anticipated to offer lucrative opportunities for market growth.

Among the analyzed regions, North America is the highest revenue contributor, followed by Asia-Pacific, Europe, and LAMEA. On the basis of forecast analysis, LAMEA is expected to lead the market during the forecast period, owing to the rise in demand for amphibious vehicles in countries such as Brazil and South Africa for marine side applications. 
 

 
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FREQUENTLY ASKED QUESTIONS?
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A. The global amphibious vehicle market was valued at $2,704.30 million in 2019, and is projected to reach $5,029.10 million by 2027, registering a CAGR of 8.5% from 2020 to 2027.

A. High initial cost of amphibious vehicle and increase in operational costs followed by serviceability have strong impact on the market

A. The sample for global amphibious vehicle market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. There are certain upcoming trands in amphibious vehicle industries such as rising the use of advanced amphibious vehicles (ACV) in marine application and growing demand for amphibious excavators for dredging and excavation

A. The key growth strategies adopted by the amphibious vehicle industry players includes acquisition, business expansion, partnership and agreement. These strategies opted by various industry players is leading to the growth of the amphibhious vehicle market as well as the players.

A. The company profiles of the top market players of amphibious vehicle industry can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the amphibious vehicle market.

A. North America region is leading the market presently in terms of revenue. However, LAMEA and Asia-Pacific region is expected to provide more business opportunities for the key players operating in the global amphibious vehicle market.

A. By mode of propulsion, screw propeller segement is expacted to gain traction over the forecast period as well as domainate the market share in the global amphibious vehicle market

A. Italy, India and Latin America has wirnessed as a key matured markets growing in the global amphibious vehicle market

A. defense contractors will likely experience slowing demand due to shrinking budgets and procurement priorities and a flattening of the growth curve over the long term as national governments seek to reduce deficits and control expenses. This in turn, expected to hinder the growth of amphibious market in long term. Although, in post COVID situation, amphibious vehicle market expected to undergo certain changes, as companies and defense agencies are preparing for innovation shift post lift of the restrictions to rapidly assess and adapt their supply chains.

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