Global Amphibious Vehicle Market, By Mode of Propulsion, By Application, By End User, By Geography

Description

The amphibious vehicle market is estimated to be valued at US$ 5.08 Bn in 2024 and is expected to reach US$ 10.50 Bn by 2031, growing at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 5.08 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	10.90%	2031 Value Projection:	US$ 10.50 Bn

Figure. Global Amphibious Vehicle Market Share (%), By Region 2024

Amphibious vehicles, also known as amtracs (amphibious tractor), are automobiles that are designed to function both on land and in water. Due to their unique capability to navigate through both land and water, these vehicles primarily find applications in military, rescue, and recreational purposes. Amphibious vehicles enable troops to land directly on the coast and advance inland for operations. They can evacuate personnel or supplies over water barriers as well during emergencies. However, amphibious vehicles are mechanically complex and expensive to produce. Their engines and transmission require sealing and shielding from water ingress for continuous operation in the aquatic environment. Overall, the amphibious vehicle market remains a specialized niche dominated by military applications.

Market Dynamics:

The global amphibious vehicle market is driven by rising defense budgets of major economies and ongoing military modernization programs. Government emphasis on coastal security and disaster response activities are also propelling the demand. However, high development cost of amphibious drivetrains poses a challenge. Ongoing R&D towards lightweight amphibious platforms with improved payload capacity and speed presents an opportunity. For example, hybrid-electric powertrains can enhance the range and sustainability of these vehicles. Growing popularity of amphibious cars among high-net-worth individuals for recreational use is another emerging trend.

Key features of the study:

This report provides an in-depth analysis of the global amphibious vehicle market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global amphibious vehicle market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Hitachi Construction Machinery Co. Ltd, BAE System, Science Applications International Corporation (SAIC), Wetland Equipment Company, General Dynamics Corporation, Lockheed Martin Corporation, Wilco Manufacturing, L.L.C, EIK Engineering Sdn Bhd, Marsh Buggies Incorporated, Rheinmetall AG, EIK Engineering Sdn. Bhd., and Griffon Hoverwork Ltd. (GHL)

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global amphibious vehicle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global amphibious vehicle market

Market Segmentation

By Mode of Propulsion
- Water-jet
- Track-based
- Screw propellers
By Application
- Surveillance & Rescue
- Water Sports
- Water Transportation
- Excavation
By End User
- Defense
- Commercial
By Regional
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Players
- Hitachi Construction Machinery Co. Ltd
- BAE System
- Science Applications International Corporation (SAIC)
- Wetland Equipment Company
- General Dynamics Corporation
- Lockheed Martin Corporation
- Wilco Manufacturing, L.L.C
- EIK Engineering Sdn Bhd
- Marsh Buggies Incorporated
- Rheinmetall AG
- EIK Engineering Sdn. Bhd.
- Griffon Hoverwork Ltd. (GHL)

Product Code: CMI6922

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Mode of Propulsion
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of the COVID-19 Pandemic

4. Global Amphibious Vehicle Market, By Mode of Propulsion, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Water-jet
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Track-based
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Screw propellers
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Amphibious Vehicle Market, By Application, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Surveillance & Rescue
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Water Sports
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Water Transportation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Excavation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Amphibious Vehicle Market, By End User, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
Defense
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Commercial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

7. Global Amphibious Vehicle Market, By Region, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Mode of Propulsion, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Size and Forecast, By End User, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - U.S.
  - Canada
  - Europe
- Regional Trends
- Market Size and Forecast, By Mode of Propulsion, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Size and Forecast, By End User, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - U.K.
  - Germany
  - Italy
  - France
  - Russia
  - Rest of Europe
  - Asia Pacific
- Regional Trends
- Market Size and Forecast, By Mode of Propulsion, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Size and Forecast, By End User, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - China
  - India
  - ASEAN
  - Australia
  - South Korea
  - Japan
  - Rest of Asia Pacific
  - Latin America
- Regional Trends
- Market Size and Forecast, By Mode of Propulsion, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Size and Forecast, By End User, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Mode of Propulsion, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Size and Forecast, By End User, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - GCC Countries
  - South Africa
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Hitachi Construction Machinery Co. Ltd
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- BAE System
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Science Applications International Corporation (SAIC)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Wetland Equipment Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- General Dynamics Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Lockheed Martin Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Wilco Manufacturing, L.L.C
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- EIK Engineering Sdn Bhd
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Marsh Buggies Incorporated
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Rheinmetall AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- EIK Engineering Sdn. Bhd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Griffon Hoverwork Ltd. (GHL)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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