Amphibious Vehicle Market 2022-2027: Size, Share, Trends, Growth and Forecast

According to the latest report by IMARC Group, titled, "Amphibious Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global amphibious vehicle market reached a value of US$ 2.85 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.08 Billion by 2027 exhibiting a CAGR of 9.60% during 2022-2027.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Overview:

Amphibious vehicles are multifunctional, convertible automobiles that can move people and goods both on land and in water. They include amphibious bicycles, cars, buses, trucks, combat vehicles, railway vehicles, hovercraft, etc. Amphibious vehicles are integral in military missions as they assist in merging maritime and terrain-based operations. They are also convenient to store, affordable, require less maintenance, can be used on harsh terrains, etc. Amphibious vehicles are used for several purposes, such as during disaster relief operations and to distribute humanitarian aid.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/amphibious-vehicle-market/requestsample

Amphibious Vehicle Market Trends and Drivers:

One of the main drivers propelling the amphibious vehicle market is the rise in the frequency of geopolitical conflicts and the rise in government spending on military. Furthermore, the rising popularity of water adventure tourism, owing to the elevating urbanization and disposable income levels, is also catalyzing the market growth. Besides this, the expanding product utilization in the construction industry in engineering and mining projects in remote environments, including flooded areas and inaccessible terrains, is further augmenting the global market. Additionally, the inflating usage of these vehicles for dredging purposes, such as in maintaining riverbeds, swamps, lakes, ponds, reservoirs, etc., is projected to fuel the amphibious vehicle market in the coming years.

Amphibious Vehicle Market 2022-2027 Competitive Analysis and Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global amphibious vehicle market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on mode of propulsion, application and end use.

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.

BAE Systems plc
EIK Engineering Sdn Bhd
General Dynamics Corporation
Hydratrek Inc.
Lockheed Martin Corporation
Marsh Buggies Inc.
Remu Oy
Science Applications International Corporation
Ultratrex Machinery Sdn. Bhd.
Wetland Equipment Company
Wilco Manufacturing L.L.C.
Wilson Marsh Equipment Company.

Breakup by Mode of Propulsion:
Waterjet
Track-based
Screw Propellers
Others

Breakup by Application:
Surveillance and Rescue
Water Sports
Water Transportation
Excavation
Others

Breakup by End Use:
Defense
Commercial

Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/amphibious-vehicle-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Trending Reports (Book Now with 10% Discount + COVID-19 Scenario):

Dyes and Pigments Market- https://www.imarcgroup.com/dyes-pigments-market

Japan Casein Market: https://www.imarcgroup.com/japan-casein-market

GCC Casein Market: https://www.imarcgroup.com/gcc-casein-market

Europe Calcium Chloride Market: https://www.imarcgroup.com/europe-calcium-chloride-market

Europe Idiopathic Pulmonary Fibrosis Treatment Market: https://www.imarcgroup.com/europe-idiopathic-pulmonary-fibrosis-treatment-market

US Idiopathic Pulmonary Fibrosis Treatment Market: https://www.imarcgroup.com/united-states-idiopathic-pulmonary-fibrosis-treatment-market

GCC Idiopathic Pulmonary Fibrosis Treatment Market: https://www.imarcgroup.com/gcc-idiopathic-pulmonary-fibrosis-treatment-market

Contact us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Website: https://www.imarcgroup.com
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.