The Future of Amphibious Vehicle Market in the forecast period (2020-2025) as predicted by Stratview Research

The report on Amphibious Vehicle to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2020 – 2025

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The Market is Segmented 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), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

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End-User Type Segment
Based on the end-user type, the market is segmented as defense and commercial. The commercial segment is estimated to witness a higher growth during the forecast period, driven by the increasing adoption of amphibious excavators for dredging purposes across the globe.

Propulsion Type Segment
Based on the propulsion type, the market is segmented as screw propellers, water jet, track-based, and others. The track-based segment was expected to remain dominant in 2018, as it enables amphibious vehicles to travel at high speeds on both, water and land surfaces. This empowers the military troops with efficient monitoring and inspection of land and water borders. The segment is estimated to maintain its dominance during the forecast period as well.

Application Type Segment
Based on the application type, the market is segmented as surveillance & rescue, water transportation, sports/recreation, excavation, and others. The excavation segment is estimated to witness the highest growth during the forecast period. This growth can be attributed to the rising inland waterway projects and the demand for land reclamation.

Region Wise Segment
In terms of regions, various countries, such as India, China, and Japan, among others are enormously investing to solidify their defense capabilities. The Asia-Pacific market is estimated to depict the highest growth during the forecast period, driven by an increase in the regional conflicts. The North American and the European regions are also expected to offer substantial growth opportunities in the coming five years.

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Highlights of the Report:
Amphibious vehicle market is likely to witness an impressive CAGR of 10.2% during the forecast period. The claim for amphibious vehicles is expected to be propelled by the rising demand from militaries owing to the increasing conflicts, rising commercial applications, the assault amphibious vehicle upgradation program of the U.S. Army, and the accessibility in rough terrain.

Some of the major players in the amphibious vehicle market 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 Defense, Rheinmetall AG, and Science Applications International Corporation (SAIC).

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Know more about us and our reports:
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This release was published on openPR.