Amphibious vehicles are alterable cars operating on land as well as in water, which are cast off to transport passengers and cargo. They are economical and relaxed to store, require minor maintenance and can operate on exacting terrain.
- Increase in commercial applications
Commercial amphibious ATV manufacturers have developed technologically larger amphibious vehicles to meet the spike in mandate from the commercial sectors as water transportation and water sports have grown in approval. Furthermore, the augmented use of amphibious vehicles in several business activities such as land reclamation, excavation, water mud removal, canal-building, and others is pouring up demand for amphibious ATVs. This element has an encouraging impact on the amphibious ATV market’s growth.
- Growing investment from the defense sector
The global Amphibious Vehicle Market size was valued at USD 2.85 Billion in 2021 growing at the CAGR of 11.1% from 2022 to 2032. Evolve Business Intelligence provides an in-dept research study that contains the ability to focus on the major market dynamics in several region across the globe. Moreover, a details assessment of the market is conducted by our analysts on various geographic including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to provide clients with opportunity to dominate the emerging markets. The Amphibious Vehicle Market study includes growth factors, restraining factors, challenges, and Opportunities which allows the businesses to assess the market capability of the industry. The report delivers market size from 2020 to 2032 with forecast period of 2022 to 2032. The report also contains revenue, production, sales consumption, pricing trends, and other factors which are essential for assessing any market.
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- The global Amphibious Vehicle Market size was valued at USD 2.85 Billion in 2021 growing at the CAGR of 11.1% from 2022 to 2032.
- North America dominated the market in 2021
- Asia Pacific is expected to Fastest-growing at a highest CAGR from 2022 to 2032
The Amphibious Vehicle Market report gives comprehensive information about the company and its past performance. The report also provides a detail market share analysis along with product benchmarking with key developments.
The key players profiled in the report are:
- BAE Systems PLC
- General Dynamics Corporation
- Griffon Hoverwork Ltd.
- (GHL), Hanjin Heavy Industry Co. Ltd.
- JSC Kurganmashzavod
- Lockheed Martin Corporation
- Norinco International Cooperation Ltd.
- Renault Trucks DefenseKuka
The Global Cloud Robots Logistic report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the Amphibious Vehicle Market provide specialised product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.
In terms of COVID 19 impact, the Amphibious Vehicle Market report also includes the following data points:
- COVID19 Impact on Amphibious Vehicle Market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in the Amphibious Vehicle Market market
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by End-User Type (Defense, Commercial), by Propulsion Type (Screw Propellers, Water Jet, Track-Based, and Others), by Application Type (Surveillance & Rescue, Water Transportation, Sports/Recreation, Excavation, and Others)
Scope of the Report:
Market Segment By End-User Type:
Market Segment By Propulsion Type:
- Screw Propellers
- Water Jet
Market Segment By Application Type:
- Surveillance & Rescue
- Water Transportation
Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
- North America has witnessed an upsurge in the sale of all-terrain vehicles. The growing US market is projected to lead to the improvement of the amphibious ATV market. The authorities in North America are inspiring the adoption of eco-friendly products, which leads to the approval of amphibious ATVs in the region. Manufacturers are contributing all-terrain vehicles with better fuel efficiency and improved designs. Rising tourism and rising disposable income amid the middle-class population coupled with government policies will provide market growth in North America.
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and oppotunities
- Competitive Intelligence providing the understanding about the ecosystem
- Details analysis of Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
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