openPR Logo
Press release

Amphibious Vehicle Market Analysis, Size, Business Growth, Trends and Future Scenario by 2027

04-05-2021 02:57 PM CET | Logistics & Transport

Press release from: Allied Market Research

Amphibious Vehicle Market

Amphibious Vehicle Market

Allied Market Research published a report, titled, “Amphibious Vehicle Market by Mode of Propulsion (Water-Jet, Track-Based and Screw Propeller), Application (Surveillance & Rescue, Water Sports, Water Transportation and Excavation), and End Use (Defense and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global amphibious vehicle industry generated $2.70 billion in 2019, and is expected to garner $5.02 billion by 2027, witnessing a CAGR of 8.5% from 2020 to 2027.

Download Report Sample (232 Pages Research) at

Prime determinants of growth

Surge in investment in the defense sector to increase adoption and demand in commercial applications drive the growth of the global amphibious vehicle market. However, high initial investment and rise in operational costs along with seasonal serviceability hinder the market growth. On the other hand, usage of advanced amphibious vehicles (ACV) in marine applications and demand for amphibious excavators for dredging and excavation present new opportunities in the coming years.

Covid-19 Scenario

Governments across various countries have shifted their focus toward spending on healthcare and safeguarding the economy. This might result in reduced spending on the defense sector. Some of the countries had already announced reductions in the defense budget. This would affect the demand for amphibious vehicle.
Manufacturing activities were stopped during the lockdown in many countries. In addition, the lockdown disrupted the supply chain. During the post-lockdown, manufacturing activities would begin and supply chain would be regulated. In addition, R&D activities would gain pace and the trend of innovation will take place.
Request for Customization of this report at

The track-based segment to maintain its lead position throughout the forecast period

Based on mode of propulsion, the track-based segment contributed to more than three-fifths of the global amphibious vehicle market in 2019, and is projected to maintain its lead position throughout the forecast period. This is due to surge in demand for various commercial applications such as dredging and excavation. However, the screw propellers segment is expected to manifest the fastest CAGR of 12.9% from 2020 to 2027. This is due to technological innovations in screw propulsion systems

The commercial segment to maintain its leadership status by 2027

Based on end use, the commercial segment held the highest market share, accounting for around four-fifths of the global amphibious vehicle market in 2019, and is projected to maintain its leadership status by 2027. This is attributed to surge in demand of amphibious excavators for dredging purposes. However, the defense segment is estimated to witness the highest CAGR of 9.7% during the forecast period. This is attributed to increase in conflicts in land and marine borders.

Interested to Procure The Data? Inquire here at

North America to maintain its dominant share throughout the forecast period

Based on region, North America accounted for the largest market share in terms of revenue in 2019, holding more than two-fifths of total share, and will maintain its dominant share throughout the forecast period. This is due to rise in defense budget and military expenditure in countries such as U.S. and Canada. However, LAMEA is expected to portray the largest CAGR of 12.2% from 2020 to 2027, owing to technological developments in the field of defense systems and rise in investments by governments and military agencies.

Leading market players

BAE Systems
EIK Engineering Sdn. Bhd.
General Dynamics Corporation
Hitachi Construction Machinery
Lockheed Martin Corporation
Marsh Buggies Incorporated
Rheinmetall AG
Science Applications International Corporation (SAIC)
Wetland Equipment Company, Inc.
Wilco Manufacturing LLC.

David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Follow Us on LinkedIn:

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Amphibious Vehicle Market Analysis, Size, Business Growth, Trends and Future Scenario by 2027 here

News-ID: 2266032 • Views: 105

More Releases from Allied Market Research

Automated Teller Machine (ATM) Market Share and Analysis (2021-2028): Top Impact …
Allied Market Research published a new report, titled, "Automated Teller Machine (ATM) Market By Solutions (Onsite ATMs, Offsite ATMs, Work site ATMs, Mobile ATMs, Managed services) and Type (Conventional/Bank ATMs, Brown label ATMs, White label ATMs, Smart ATMs, Cash dispensers) - Global Opportunity Analysis and Industry Forecast, 2021-2028". The report provides a detailed study of the global ATM market covering a number of important aspects such as current market scenario, estimates,
Italy Travel Insurance Market Share and Trends (2021-2028): Latest Updates and B …
Allied Market Research published a new report, titled, "Italy Travel Insurance Market By Insurance Cover (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, and Long-Stay Travel Insurance), Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators), Distribution Mode (Business-to-Business (B2B), Business-to-Consumer (B2C), and Business-to-Business-to-Consumer (B2B2C), and End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, and Others): Opportunity Analysis and Industry Forecast, 2021-2028". The report provides a detailed
Luxury Apparels Market Expected to Reach $81.23 Billion, Globally, by 2023
"The market for denim is expected to drive with strong growth of denim production in Asia-Pacific, such as India, China, Pakistan, and others. The availability of cheap labor in Asia-Pacific is expected to contribute toward excess denim production, thereby supplementing the luxury denim market growth. In addition, advances in the denim industry have attracted customer base. For instance, the initiation of Lycra hybrid technology in the industry has gained popularity
Homewares Market Forecast, Trend Analysis & Competition Tracking – Global Mark …
Homewares have become a crucial part of our lives. They provide a modern, sophisticated, comfortable and a positive environment to live in. The home decors are responsible for the projection of our personalities. The smart technology in the various home appliances helps in making the work easy and quick. The new products do not require installation and come with a variety of offers in order to attract the

All 5 Releases

More Releases for Amphibious

Global Amphibious Excavator Market Size, Share, Trends & Forecast 2020-2026
The amphibious excavator market is expected to showcase a modest growth rate during the forecast period. It is a customized excavator, which is mainly used to work in the shallow water for various activities including dredging, pipeline installation, and land reclamation, and other related activities. This type of excavator is versatile and is used for dredging a range of materials including gravel, sand, clays, cobbles, and fractured and unfractured moderately
Sealegs Ships 1500th Amphibious Craft
Sealegs International announced it has shipped its 1500th amphibious boat. The shipment was to British adventurer Bear Grylls, making it the third Sealegs boat Bear Grylls has purchased. The delivery was celebrated by Sealegs, further securing its position as the largest amphibious boat company in the world. Sealegs pioneered the amphibious production boat market. Over the last 15 years it has grown from nothing to what is now a significant and
Professionals are going Amphibious
The need for the 4WD ASIS AMP boat is very high from the various military and professional mariners for their missions; from flood rescue and other rescue missions to anti-piracy and transport and tour to name a few. The ASIS 9.8m Pro AMP boat in these pictures was custom-built for coast guard operations. It is very powerful and can reach high speeds with its twin mercury engine of 350Hp each. The
A Fire Department in Shanghai Receives ASIS 7.1M Amphibious Craft
ASIS Boats just dispatched the last Fire Rescue Amphibious craft for the order placed by a Fire Department in Shanghai. Amongst the special specifications designed for their Amphibious crafts order were a wider tube with a diameter of 565 mm, an under-deck fuel and a Honda engine filled inside the console making it discrete and safer. A special drive-on trailer was also created especially for them. The Amphibious craft is
Amphibious Excavators Market: Global Amphibious Excavators Share to surpass $5.6 …
Zion Market Research has published a new report titled “Amphibious Excavators Market for Construction, Mining, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020.” According to the report, the global amphibious excavators market accounted for USD 3.19 Billion in 2014 and is expected to reach USD 5.66 Billion by 2020, growing at a CAGR of around 10.8% between 2015 and 2020. Request Free Sample Report @
United States Amphibious Excavator Market Report 2021
This report studies sales (consumption) of Amphibious Excavator in USA market, focuses on the top players, with sales, price, revenue and market share for each player, covering Ultratrex Caterpillar Volvo Hyundai EIK Wilco Manufacturing LLC Hyundai SUNTON Fill the form for an exclusive sample of this report @ Split by product types, with sales, revenue, price, market share and growth rate of each type, can be divided into Type I Type II Type III Split by applications, this report focuses on sales, market