Amphibious Vehicles Market Outlook and Industry Forecast to 2022 - PowerPoint PPT Presentation

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Amphibious Vehicles Market Outlook and Industry Forecast to 2022

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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. – PowerPoint PPT presentation

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Title: Amphibious Vehicles Market Outlook and Industry Forecast to 2022


1
According to the latest market research report
the Amphibious Vehicles Market is projected to
grow from an estimated 2.39 Billion in 2017 to
3.70 Billion by 2022, at a CAGR of 9.13 during
the
period. Amphibious are employed to
forecast vehicles provide defense
combat support to
during military
forces
amphibious
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. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id53888969 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.
2
and European countries have reduced their defense
expenditure, which is expected to affect the
market of amphibious vehicles, globally. 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.). Ask for Sample
Report _at_ https//www.marketsandmarkets.com/request
sampleNew.asp?id53888969 About
MarketsandMarkets MarketsandMarkets provides
quantified B2B research on 30,000 high growth
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platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche
markets. Contact Mr. Aashish Mehra
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