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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 wheeled or tracked vehicles that can be used on both land and water surfaces. During World War II, the utility of amphibious vehicles was recognized in a variety of military applications. A variety of amphibious vehicles were created during World War II for varied military and defense applications, including surveillance, rescue, and assaults. With technological advancements and increasing popularity in recent years, amphibious vehicles are now being used for a wide range of applications, including sports and recreation, excavations, transportation, and research, and are no longer limited to 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 incorporating amphibious vehicles on account of their exceptional capabilities on land and water. Moreover, amphibious vehicles such as hovercrafts have added another dimension to modern amphibious vehicles. The advancement in design, the growing trend of owning amphibious vehicles, and the utilization of amphibious vehicles for a variety of security applications have positively supported the growth of the overall amphibious vehicle 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's size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of market segments based on type, propulsion, applications, end-use, and a 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 of market dynamics such as market drivers, restraints, and opportunities.

The report also includes competitive profiling of the leading amphibious vehicle manufacturing companies, their strategies, market positioning, and key developments to assist strategic decision-makers. 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 vehicle industry
  • Market fuelers, market impediments, and their impact on market growth
  • Market inclination insights and key trend analysis for the 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 application, into the following categories:

  • Surveillance and Rescue
  • Transportation
  • Sports and Recreation
  • Others 

In 2016, surveillance and rescue applications led the overall amphibious vehicle market. Military and defense organizations have been widely using amphibious vehicles for surveillance and rescue operations. These vehicles' capabilities enable armed forces and civil defense agencies to conduct critical rescue operations in frontline missions regardless of the terrain. With the continued adoption of amphibious vehicles for a variety of military applications, the amphibious vehicle market is expected to demonstrate significant growth in the following years.

The sports and recreation segment trailed the surveillance and rescue application in terms of revenue in the overall amphibious vehicle market. Increasing demand for amphibious vehicles among adventure and water sports enthusiasts has encouraged manufacturers to introduce affordable, powerful, and user-friendly variants of amphibious vehicles. Factors such as the rise in disposable income and the availability of a wide variety of vehicles are expected to drive the adoption of amphibious vehicles for sports and recreational applications.

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

  • Wheeled Vehicles
  • Tracked Vehicles
  • Hovercrafts

Wheeled amphibious vehicles led the overall amphibious vehicle market in terms of revenue in 2016. The higher popularity and adoption of amphibious cars and amphibious quad vehicles have resulted in the dominance of this segment in the overall market. A variety of amphibious vehicle manufacturers have been focusing on introducing advanced cars that are equally capable of water transport. In addition, many amphibious military trucks are used for defense transportation through uneven terrain. Owing to the aforementioned factors, the wheeled amphibious vehicles segment is set to dominate the market throughout the forecast period.

Tracked vehicles trailed the wheeled amphibious vehicles in terms of revenue in the overall amphibious vehicle market. Tracked vehicles are extensively used for military applications such as the transportation of military personnel and cargo. In addition, the tracked amphibious excavators are used for excavation and research applications. However, due to their limited applications, tracked amphibious vehicles are expected to lose market share to their wheeled variant in the following years.

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

  • Propeller
  • Jet propulsion 

Jet-propelled amphibious vehicles led the overall amphibious vehicle market in terms of revenue. Jet propulsion offers higher efficiency and proves to be a faster technique of propulsion as compared to propellers. The introduction of jet propulsion in amphibious vehicles has provided the much-needed speed, which can reach up to 55 knots. With a significant rise in the utilization of amphibious vehicles for water sports, the demand for amphibious vehicles with jet propulsion is set to witness 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 quieter 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. Overall, amphibious vehicles with propellers are expected to demonstrate sluggish growth in the following years.

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

  • Defense
  • Commercial

In 2016, the defense end-use segment dominated the overall amphibious market. Currently, amphibious vehicles play a vital role in modern warfare. Various critical activities such as surveillance, invasions during the 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 the 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 in their higher adoption in public and tourist transportation. Thereby, the commercial end-use segment of the amphibious vehicles market is set to expand consistently throughout the forecast period.

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

North America

  • U.S.
  • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

In 2016, North America dominated the overall amphibious vehicle market in terms of revenue. The amphibious vehicle 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 of the amphibious vehicle market in the country. In addition, the rising trend of owning an amphibious vehicle among adventure enthusiasts has also been one of the key driving factors for the overall amphibious vehicle market in North America.

Europe trailed North America in the amphibious vehicle 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 the amphibious vehicle market in Europe.

Frequently Asked Question:

The market for Amphibious Vehicles Market is expected to reach USD$ 2.30 Bn in 2025.

The Amphibious Vehicles Market is expected to see significant CAGR growth over the coming years, at 8.4%.

The report is forecasted to 2017-2025.

The base year of this report is 2016.

General Dynamics Corporation, Lockheed Martin Corporation, Rheinmetall AG, Hitachi Construction Machinery Co., Ltd., Griffon Hoverwork Ltd. (GHL), Gibbs Sports Amphibians, Inc., Rinspeed AG. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Nov 2017
Category:  Automotive & Transportation
Report ID:   58798
Report Format:   PDF
Pages:   120
Rating:    4.8 (55)
Delivery Time: 24 Hours to 48 Hours   
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