Amphibious Vehicles Market By Application (Surveillance and rescue, Transportation, Sports and Recreation, Others), By Type (Wheeled Vehicles, Tracked Vehicles, Hovercrafts), By Propulsion (Propeller, Jet propulsion), By End-use (Defense, Commercial) - Growth, Future Prospects, And Competitive Analysis, 2017 - 2025

Amphibious vehicles are the wheeled or tracked vehicles which can be used on both land as well as water surface. Since its inception, the utility of amphibious vehicles was acknowledged in various military applications during the World War II. A variety of amphibious vehicles were created during the World War II for varied military and defense applications including surveillance, rescue and assaults. With technological advancements and its growing popularity in the recent years, amphibious vehicles are being used for a variety of applications including sports and recreation, excavations, transportation and research applications and not just limited to the defense activities.

Leading amphibious vehicle manufacturing giants across the globe have been engaging themselves in introducing innovative amphibious vehicle variants for a variety of applications. Modern amphibious vehicles are capable of transporting large and heavy cargo including military vehicles such as tanks and trucks. Defense agencies across numerous countries have considered to incorporate amphibious vehicles on account of their exceptional capabilities over land and water. Moreover, amphibious vehicles such as hovercrafts have added another dimension to the modern day amphibious vehicles. The advancement in design, growing trend of owing amphibious vehicles and utilization of amphibious vehicles for a variety of security applications have positively supported the growth of overall amphibious vehicles market.

 

Amphibious Vehicles Market

The report titled “Amphibious Vehicles Market- Growth, Future Prospects and Competitive Landscape, 2017-2025” offers strategic insights into the global amphibious vehicles market with a focus on the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on type, propulsion, applications, end-use and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2016-2025. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading amphibious vehicles manufacturing companies, their strategies, market positioning and key developments. Some of the major players profiled in the report include BAE Systems AB, General Dynamics Corporation, Lockheed Martin Corporation, Rheinmetall AG, Hitachi Construction Machinery Co., Ltd., Griffon Hoverwork Ltd. (GHL), Gibbs Sports Amphibians, Inc., Rinspeed AG, Cool Amphibious Manufacturers International, LLC., WaterCar, Science Applications International Corporation (SAIC), Textron, Inc., Kurganmashzavod JSC, and Hanjin Heavy Industries & Construction Co., Ltd.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the amphibious vehicles industry
  • Market fuelers, market impediments, and their impact on the market growth
  • Market inclination insights and key trend analysis for amphibious vehicles market
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2015 – 2016)

Overall, the research study provides a holistic view of the global amphibious vehicles market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global amphibious vehicles market is segmented, based on propulsion, into following categories:

  • Propeller
  • Jet propulsion
     

Amphibious Vehicles Market 

Jet propulsion amphibious vehicles led the overall amphibious vehicles market in terms of revenue. Jet propulsion offers higher efficiency and proves to be faster technique of propulsion as compared to propellers. Introduction of jet propulsion in the amphibious vehicles has provided the much needed speed which can reach up to 55 Knots. With a significant rise in utilization of amphibious vehicles for water sports, the demand for the amphibious vehicles with jet propulsion is set to witness a considerable growth throughout the forecast period from 2017 to 2025.

Propellers are used in a wide variety of military trucks and tanks as they offer better speed control and silent operation as compared to jet propulsion. However, due to their inefficiency and problems associated with propellers, the demand for such vehicles has declined considerably in the past few decades. The overall amphibious vehicles with propellers are expected to demonstrate a sluggish growth in the following years.

The global amphibious vehicles market is segmented, based on end-use, into following categories:

  • Defense
  • Commercial
     

Amphibious Vehicles Market 

In 2016, the defense end-use segment dominated the overall amphibious market. Currently, amphibious vehicles play a vital role in modern day warfare. Various critical activities such as surveillance, invasions during war and rescue operations can be effectively carried out with the help of amphibious vehicles irrespective of the terrain. In addition, a variety of amphibious vehicles including wheeled, tracked and hovercrafts are extensively used for border patrol and transportation of soldiers and other military cargo. Thereby, the demand for such vehicles for military and defense applications is expected to grow consistently in the following years.

The commercial end-use segment trailed the defense end-use in the global amphibious vehicles market in terms of revenue in 2016. The demand for amphibious vehicles has been growing at a brisk pace for commercial applications such as sports and adventure, excavation, research and recreational activities. Moreover, the introduction of sophisticated and reliable amphibious vehicles has resulted into higher its higher adoption in public and tourist transportation. Thereby, the commercial end-use segment for amphibious vehicles market is set to expand consistently throughout the forecast period.

The global amphibious vehicles market has been segmented, on the basis of geographical regions, into the following regions and countries:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • The Middle East and Africa
    • Latin America

Amphibious Vehicles Market

In 2016, North America dominated the overall amphibious vehicles market in terms of revenue. The amphibious vehicles market in North America is primarily driven by the demand in the U.S. Growing incorporation of amphibious vehicles in various units of the U.S. defense agencies has escalated the growth in the amphibious vehicles market in the country. In addition, rising trend of owning an amphibious vehicle among adventure enthusiasts has also been one of the key driving factor for the overall amphibious vehicles market in North America.

Europe trailed North America in the amphibious vehicles market in terms of revenue in 2016. Similar to the North American market, European countries have also recognized the potential of amphibious vehicles for military and defense applications. Consistently rising integration of amphibious vehicles for defense applications and other recreational activities such as tourist transportation and water sports have fueled the growth of amphibious vehicles market in Europe.

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Published Date:  Nov 2017
Category:  Automotive & Transportation
Report ID:   58798
Report Format:   PDF
Pages:   120
Rating:    4.3 (55)
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