The global amphibious vehicles market is expected to reach $5.02 billion by 2028, growing at a CAGR of 8.42% from 2021 to 2028. This growth is driven by several macro and microeconomic factors. Macroeconomic factors include the increasing demand for versatile vehicles that can operate in diverse environments, such as military, rescue, and recreational applications. Rising defense budgets globally, coupled with the growing focus on improving search and rescue operations, further fuel the demand for amphibious vehicles. Additionally, advancements in technology and materials are enhancing vehicle performance and durability, making these vehicles more attractive for various applications.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By End User (Defense, Commercial)
By Application (Surveillance & rescue, Water transportation, Sports/Recreation, Others)
By propulsion (Screw propeller, Water jet, Others)
Key players
BAE Systems plc
General Dynamics Corporation
Griffon Hoverwork Ltd.
Hanjin Heavy Industry Co. Ltd.
JSC Kurganmashzavod
Lockheed Martin Corporation
Norinco International Cooperation Ltd.
Renault Trucks Defense
Rheinmetall AG
Science Applications International Corporation
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