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Amphibious Vehicle - Global Market Trajectory & Analytics

  • ID: 4805122
  • Report
  • April 2021
  • Region: Global
  • 230 Pages
  • Global Industry Analysts, Inc
Global Amphibious Vehicle Market to Reach $4.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Amphibious Vehicle estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2027, growing at a CAGR of 7.7% over the period 2020-2027. Commercial, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$3.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Defense segment is readjusted to a revised 8.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $816.3 Million, While China is Forecast to Grow at 7.2% CAGR

The Amphibious Vehicle market in the U.S. is estimated at US$816.3 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$811.3 Million by the year 2027 trailing a CAGR of 7.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 6.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.

Select Competitors (Total 41 Featured):
  • Aquamec Ltd.
  • BAE Systems PLC
  • EIK Engineering Sdn. Bhd.
  • General Dynamics Corporation
  • Griffon Hoverwork Ltd.
  • Hanjin Heavy Industries & Construction Co., Ltd.
  • Hefei Sunton Machinery Manufacturing Co., Ltd.
  • Hitachi Construction Machinery (Europe) NV
  • Kurganmashzavod JSC
  • Lemac Corporation
  • Lockheed Martin Corporation
  • Marsh Buggies, Inc.
  • NORINCO International Cooperation Ltd.
  • Remu Oy
  • Rheinmetall AG
  • Science Applications International Corporation (SAIC)
  • Textron Systems Corporation
  • Tsbc Engineering Sdn. Bhd.
  • Ultratrex Machinery Sdn. Bhd.
  • Wetland Equipment Company
  • Wilco Manufacturing LLC.
  • Wilson Marsh Equipment Company
Frequently Asked Questions about the Global Market for Amphibious Vehicle

What is the estimated value of the Global Market for Amphibious Vehicle?

The Global Market for Amphibious Vehicle was estimated to be valued at $2.8 Billion in 2020.

What is the growth rate of the Global Market for Amphibious Vehicle?

The growth rate of the Global Market for Amphibious Vehicle is 7.3%, with an estimated value of $4.6 Billion by 2027.

What is the forecasted size of the Global Market for Amphibious Vehicle?

The Global Market for Amphibious Vehicle is estimated to be worth $4.6 Billion by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Amphibious Vehicle: An Overview
  • Impact of Covid-19 and a Looming Global Recession
  • High Maintenance Cost and Regular Serviceability, Limits the Market Growth
  • Increased Defense Spending among Developing Countries Offer Great Prospects for the Market
  • Use in Rescue and Surveillance Operations: A Major Growth Area
  • Decline in Defense Budgets in Developed Nations: A Restraint
  • Upsurge in Demand from Military, Owing to Increasing Conflicts Sparks Demand for Amphibious Vehicle
  • Commercial Usage of Amphibious Vehicle in Sports and Recreational Activities Bodes Well for the Market
  • North America: Dominating the Amphibious Vehicle Market
  • An Introduction to Amphibious Vehicle


  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown