Amphibious Vehicles Market worth $3.70 Billion by 2022

1. Amphibious Vehicles Market by End User, Application, Region | Global Forecast to 2022 Propulsion and 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. Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=53888969 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    

2. 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.). Don’t 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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