Amphibious Vehicle Market Trends, Top Companies, Share, Growth And Forecast 2023-2032| Bae Systems, General Dynamics Corporation, Lockheed Martin Corporation, Rheinmetall AG, Science Applications International Corporation, Inc.

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The Business Research Company's Amphibious Vehicle Global Market Report 2023 identifies The rise in concern for border security and terrorism as the major driver for the amphibious vehicle market's growth in the forecast period. The border security system offers administration of border-patrol missions, real-time surveillance, early warning, and targeting, further enhancing land and maritime security, regional control, and border protection. Amphibious vehicles are utilized for military purposes because they make it simple to transfer supplies and troops through hazardous or inaccessible terrain, including flooded areas, and various engineering and mining applications.

The global amphibious vehicle market size is expected to grow from $3.54 billion in 2022 to $3.90 billion in 2023 at a compound annual growth rate (CAGR) of 10.16%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The amphibious vehicle market is expected to reach $5.46 billion in 2027 at a CAGR of 8.76%.

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Major competitors in the amphibious vehicle market are Bae Systems, General Dynamics Corporation, Lockheed Martin Corporation, Rheinmetall AG, Science Applications International Corporation, Inc., Textron Systems, Renault Trucks Defense, JSC Kurganmashzavod, Hitachi, Ltd., Wilco Manufacturing Limited, Wetland Equipment Company, EIK Engineering, Marsh Buggies Inc., Ultratrex Machinery Sdn Bhd and Lemac.

A key trend in the amphibious vehicle market includes Product innovations. Major companies operating in various industries such as defense, excavators, and others are developing innovative solutions, such as multipurpose amphibious vehicles, to sustain their position in the amphibious vehicle market. For instance, in May 2021, DCD Protected Mobility, a South Africa-based company that offers the transportation and defense industries sustainable products and solutions introduced an amphibious vehicle that can be used for various purposes, including mining, military, search and rescue, and private use.

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The amphibious vehicle market is segmented -
• By Propulsion: Waterjet, Track-Based, Screw Propellers, Other Propulsions
• By Application: Surveillance And Rescue, Water Sports, Water Transportation, Excavation, Other Applications
• By End Use: Defense, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the amphibious vehicle market.

The Business Research Company's "Global Amphibious Vehicle Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Amphibious Vehicle Market Include:
1. Executive Summary
2. Amphibious Vehicle Market Characteristics
3. Amphibious Vehicle Market Trends And Strategies
4. Amphibious Vehicle Market - Macro Economic Scenario
5. Amphibious Vehicle Market Size And Growth
……
26. Africa Amphibious Vehicle Market
27. Amphibious Vehicle Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Amphibious Vehicle Market
29. Amphibious Vehicle Market Future Outlook and Potential Analysis
30. Appendix

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