Amphibious Vehicles Market worth $3.70 Billion by 2022

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Amphibious
by End and
Vehicles Market
User, Application,
Propulsion

• Region Global Forecast to 2022
• This report analyzes the Amphibious Vehicles
  Market from 2017 to 2022. It discusses industry
  and technological trends prevailing in the
  market, and examines factors that may drive or
  restrain the growth of
• the market in the coming years. The amphibious
  vehicles market is projected to grow from 2.39
  Billion in 2017 to 3.70 Billion by 2022, at a
  CAGR of 9.13 during the forecast period. Major
  drivers influencing the growth of the

• amphibious vehicles market include the
  increasing demand for amphibious combat vehicles
  owing to rising conflicts and demand for
  amphibious excavators for dredging and
  excavation purposes.
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• The market in the Asia-Pacific region is expected
  to witness the highest growth from 2017 to 2022,
  as rise in geopolitical instability and increase
  of conflicts over sea boundaries have led to
  increased efforts to increase maritime security.
  The rise in territorial disputes in South China
  Sea and East China Sea have led to an increase in
  defense expenditure by the respective countries.
  Various countries such as China, Taiwan, Japan,
  Vietnam, and South Korea, among others are
  boosting their amphibious fleets to
  simultaneously guard various coastal areas and
  shallow sea areas, thus driving the amphibious
  vehicles market in the Asia-Pacific region.
• Key Target Audience
• Amphibious Vehicle Developers
• Defense Companies
• Excavator Undercarriage Manufacturers
• Component Manufacturers

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Some of the major manufacturers of commercial
amphibious vehicles such as EIK Engineering Sdn.
Bhd. (Malaysia), TSBC Engineering Sdn. Bhd.
(Malaysia), Hefei SUNTON Machinery Manufacturing
Co., Ltd. (China), and Ultratrex Machinery Sdn.
Bhd. (Malaysia) are located in this
region. Based on propulsion, the amphibious
vehicles market has been segmented into
track-based, water jet, screw propeller, and
others. The track-based segment is expected to
lead the amphibious vehicles market during the
forecast period. The segment is estimated to
grow at the highest rate during the forecast
period. With respect to the end user segment, the
amphibious market has been segmented into
defense and commercial. The commercial segment
has been further segmented into hovercraft,
all-terrain vehicle, and excavator. The excavator
segment is expected to witness the highest
growth, owing to the dredging application that it
serves. Dredging has become vital to economic
development. Amphibious vehicles are used for
dredging, for various purposes such as
excavations for bridge or water way construction,
land reclamation, and trash debris removal,
and can be used in shallow waters and marshy
places. The excavator segment has thus attracted
market players to provide construction and
maintenance, and is allowing logistics or
transportation facilities through the inland
waterways. Based on application, the amphibious
vehicles market has been segmented into
surveillance and rescue, water transportation,
sports/recreation, excavation, and others. The
excavation application is expected to grow at the
highest rate during the forecast period. The
rising demand for inland waterways and land
reclamation is leading to the demand for
excavators for multiple applications, which
include dredging, levee construction, and water
cleaning and maintenance, among others. Key
Market Players Major players in the amphibious
vehicles market include BAE Systems (U.K.),
General Dynamics Corporation (U.S.), Lockheed
Martin Corporation (U.S.), Rheinmetall AG
(Germany), 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.). Dont miss out
on business opportunities in Amphibious Vehicles
Market. Speak to our analyst and gain crucial
industry insights that will help your business
grow.
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