According to the latest report by IMARC Group, titled, " Amphibious Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ", The global amphibious vehicle market size reached US$ 3.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.63% during 2023-2028.
An amphibious vehicle is easy to land on mud, rocks, or steep inclines while providing safety to individuals. It is used in the field of military and surveillance operations while transporting passengers and cargo efficiently. It is also employed in various commercial applications, such as water sports and recreational activities. Besides this, it assists in dredging applications, such as the maintenance of river beds, swamps, lakes, ponds, and reservoirs, and environmental clean-ups. As it is versatile and easy to maintain, the demand for an amphibious vehicle is rising across the globe.
Get a PDF Sample for more detailed market insights: Amphibious Vehicle Market Trends and Drivers:https://www.imarcgroup.com/amphibious-vehicle-market/requestsampleAt present, the increasing demand for amphibious vehicles in the defense sector, as they can be equipped with guns and ammunition and offer high performance during battlefield operations, represents one of the key factors supporting the growth of the market. In addition, the escalating demand for advanced amphibious combat vehicles (ACV) in marine applications is offering lucrative growth opportunities to industry investors. Besides this, the growing utilization of amphibious vehicles due to their robust engines providing high speed and power in all terrains is positively influencing the market. Moreover, increasing employment of amphibious vehicles in land reclamation, excavation, water mud removal, and waterway constructions is bolstering the growth of the market.
Competitive Landscape:Amphibious Vehicle Market 2023-2028 Competitive Analysis and Segmentation:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market based onBreakup by Mode of Propulsion:Breakup by Application: mode of propulsion, application and end use.Breakup by End Use:Breakup by Region:- BAE Systems plc
- EIK Engineering Sdn Bhd
- General Dynamics Corporation
- Hydratrek Inc.
- Lockheed Martin Corporation
- Marsh Buggies Inc.
- Remu Oy
- Science Applications International Corporation
- Ultratrex Machinery Sdn. Bhd.
- Wetland Equipment Company
- Wilco Manufacturing L.L.C.
- Wilson Marsh Equipment Company.
- Surveillance and Rescue
- Water Sports
- Water Transportation
- Excavation
- Others
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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