Amphibious Vehicle Market To Grow In Near Future And With the High CAGR Value - Scalar Market Research

The defense sector in most countries is the most prominent consumer of different kinds of armored vehicles. An increase in defense funds by emerging countries reflects positively on the growth of the global armored vehicles market. Amphibious vehicles are employed to provide combat support to defense forces during amphibious military operations or as excavators for dredging and reclamations of rivers, or water bodies. The demand for amphibious vehicles is expected to be driven by the increasing demand from militaries owing to rising conflicts, increasing commercial applications, accessibility in rough terrain, and the assault amphibious vehicle up gradation program of the U.S. Army. Moreover, law enforcement agencies across the globe are also leading to an increased demand for armored vehicles with the aim of safeguarding human lives, undertaking critical missions, and securing VIPs.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the amphibious vehicle market. The scope of this report covers the amphibious vehicle market by its major segments, which include the types, applications, and the major geographic regions.

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Geographically, North America is expected to account for the largest share of the global market in the near future, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). North America was leading the global market in the past years. Vast defense funds, rising investment in the R&D of modern military vehicles, and the high concentration of some of the world’s most reputable and largest defense contractors will help the region retain its dominance in the next few years as well. Europe held the second-largest position in the market in 2014. Owing to reductions in military budgets in most European countries in the past few years, the market for armored vehicles in the region is expected to witness expansion at a sluggish pace, bringing about a nominal reduction in its share in the global market in coming years. The market in Asia Pacific is expected to expand at the fastest pace in the coming years among key regional markets. China accounted for over half the Asia Pacific armored vehicle market in 2014 and is expected to remain the dominant market for armored vehicle in the next few years as well.

KEY MARKET PLAYERS

Key players in the amphibious vehicle market include:

1. Eik Engineering SDN. BHD.
2. Wetland Equipment Company, Inc.
3. Wilco Manufacturing LLC
4. Marsh Buggies, Inc.
5. TSBC Engineering SDN. BHD.
6. Ultratrex Machinery SDN. BHD.
7. Lemac Corporation
8. REMU
9. Hefei Sunton Machinery Manufacturing Co., Ltd.
10. Aquamec OY

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