DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Amphibious Vehicle Market - Global Forecasts to 2022" report to their offering.
The amphibious vehicles market is projected to grow from an estimated USD 2.39 billion in 2017 to USD 3.70 billion by 2022, at a CAGR of 9.13% during the forecast period. Growth of this market is mainly driven by the increasing demand from militaries for amphibious combat vehicles owing to rising conflicts and demand for amphibious excavators for dredging and excavation purposes. However, declining defense budgets of advanced economies is a major restraint in the amphibious vehicles market.
Based on application, the excavation segment of the amphibious vehicles market is projected to witness high growth from 2017 to 2022. Amphibious excavators are used for dredging, wherein land reclamation is a major application of dredging. Water bodies are cleared of waste materials, and excess mud is removed and are thus cleaned. Various sites in cities such as Mumbai, coastlines of mainland China, and Hong Kong have been reclaimed and this factor acts as a driver for the growth of the amphibious vehicles market.
Based on end user, the commercial segment of the amphibious vehicles market is projected to witness high growth from 2017 to 2022. The commercial sector has discovered the benefits of deploying amphibious vehicles for several applications across several industries such as water sports & transportation, and recreational activities, among several others. This is expected to lead to the high growth of the market for amphibious vehicles in commercial applications in the coming years.
- Aquamec OY
- Bae Systems PLC
- Eik Engineering SDN. BHD.
- General Dynamics Corporation
- Griffon Hoverwork Ltd. (GHL)
- Hanjin Heavy Industries & Construction Co., Ltd.
- Hefei Sunton Machinery Manufacturing Co., Ltd.
- Hitachi Construction Machinery (Europe) NV
- KBTM JSC (OMSK)
- Kurganmashzavod JSC
- Lemac Corporation
- Lockheed Martin Corporation
- Marsh Buggies, Inc.
- Norinco International Cooperation Ltd.
- Renault Trucks Defense
- Rheinmetall AG
- Science Applications International Corporation (SAIC)
- TSBC Engineering SDN. BHD.
- Textron Systems
- Ultratrex Machinery SDN. BHD.
- Wetland Equipment Company, Inc.
- Wilco Manufacturing LLC
Wilson Marsh Equipment Company
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Amphibious Vehicles Market, By End-User
8 Amphibious Vehicles Market, By Propulsion Type
9 Amphibious Vehicles Market, By Application
10 Regional Analysis
11 Competitive Landscape (Defense)
12 Competitive Landscape (Commercial)
13 Company Profiles (Defense)
14 Company Profiles (Commercial)
For more information about this report visit https://www.researchandmarkets.com/research/5b6w4z/amphibious