Amphibious Vehicle Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Amphibious Vehicle Market
The amphibious vehicle market size was valued at USD 3.77 billion in 2023, and the market is now projected to grow from USD 4.01 billion in 2024 to USD 7.44 billion by 2032, exhibiting a CAGR of 8.0% during the forecast period of 2024-2032.
This market has steadily emerged and has been triggered by the rising need for vehicles that are capable of moving across both land and water, most especially for military and civil rescue purposes as well as for recreational use. Initially, the COVID-19 pandemic slightly halted the listed factors through interruptions in production and supply chain; nevertheless, the market is poised to recover from the disruptions and continue its ascent with renewed governmental interest in defense and disaster management post-COVID-19. In conclusion, the amphibious vehicle market growth is set due to the developments in technology and partnerships in increasing the functions and usage of amphibious in several industries.
This is what the world has seen in the last few years where countries have collaborated to upgrade their defense mechanisms. The customary equipment and systems to combat the enemies are being innovated because there is enhanced border control and terrorism across the globe. These have the added advantage of being more reliable, and flexible as well as well-endowed with weapons and ammunitions for combat. The major and direct advantages like longer and more lasting endurance, modern electronics, and cheaper electrics for the propulsion system are causing high demand for amphibious vehicles including electric hydroplanes. This kind of car or vehicle is applied in several commercial activities like sports, mountain climbing, surveillance, and others. The market expansion depends on the wide use of vehicles and its increased demand in these spheres. Higher investment in defense systems and better demand for such vehicles for civil uses had a positive impact on the amphibious vehicles market share.
Therefore, owing to attributes such as survivability, mobility, command and control, and situational awareness, the application of Amphibious Combat Vehicles has risen. These features will be connected to the CPU of the fighting vehicle. Also, new battle vehicles are equipped with enhanced remote telescopic turrets, introduction of fire control systems, active protection, and counter survivability systems. The use of hi-tech facilities integrated into automotive products is the new trend in the market.
Comprehensive Analysis of Amphibious Vehicle Market
The research on the amphibious vehicles market covers segmentation by platform that is commercial and defense, along with mode of operation that includes screw propellers, water jets, track-based propulsion, and the rest. Also, there are three main end-users in the market; surveillance and rescue, transportation, sports, excavation, and others, implying the numerous and widening uses for the amphibious vehicles.
North America accounted for the largest market share for amphibious vehicles in 2022 which was USD. 63 billion and will grow at the highest rate during the prediction period. Over the past few years, the U. S has greatly invested in the acquisition of modern marine fleets.
BAE Systems plc (U.K.), EIK Engineering Sdn. Bhd. (Malaysia), General Dynamics Corporation (U.S.), Griffon Hoverwork Ltd. (GHL) (U.K.), Iveco Defense Vehicles (Italy), Science Applications International Corporation (SAIC) (U.S.), and Wetland Equipment Company Inc. (U.S.) are some major players in this industry. These groups of companies who are leaders within the discipline offer a stage playing field for all their competitors as they guarantee increase and set requirements for the arena.
The U. S Marine Corps made a production deal with BAE Systems in March of the year 2023 and the firm would fund procurement of the ACV-P as well as acquisition of the Command ACV-C.
Segmentation Table
Global Amphibious Vehicle Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 8.0% from 2024 to 2032
Unit Value (USD Billion); Volume (Million Ton)
By PlatformCommercial
Defense
By Mode of Operation
Screw Propellers
Water Jet
Track-based Propulsion
Others
By Application Surveillance and Rescue
Transportation
Sports
Excavation
Others
By Region North America (By Platform, By Mode of Operation, By Application, By Country)
- U.S. (By Platform)
- Canada (By Platform)
Europe (By Platform, By Mode of Operation, By Application, By Country)
- U.K. (By Platform)
- Germany (By Platform)
- France (By Platform)
- Italy (By Platform)
- Russia (By Platform)
- Rest of Europe (By Platform)
Asia Pacific (By Platform, By Mode of Operation, By Application, By Country)
- China (By Platform)
- Japan (By Platform)
- India (By Platform)
- South Korea (By Platform)
- Rest of Asia Pacific (By Platform)
Rest of the World (By Platform, By Mode of Operation, By Application, By Sub-Region)
- Latin America (By Platform)
- Middle East and Africa (By Platform)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Qualitative Insights on Impact of COVID-19 on Market
- 5. Global Refrigerants Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Type (Value/Volume)
- 5.2.1. Fluorocarbons
- 5.2.2. Hydrocarbons
- 5.2.3. Inorganic Refrigerants
- 5.3. By Application (Value/Volume)
- 5.3.1. Air Conditioning
- 5.3.2. Refrigeration
- 5.3.3. Others
- 5.4. By End-Use Industry (Value/Volume)
- 5.4.1. Industrial
- 5.4.2. Commercial
- 5.4.3. Domestic
- 5.5. By Region (Value/Volume)
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Refrigerants Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Type (Value/Volume)
- 6.2.1. Fluorocarbons
- 6.2.2. Hydrocarbons
- 6.2.3. Inorganic Refrigerants
- 6.3. By Application (Value/Volume)
- 6.3.1. Air Conditioning
- 6.3.2. Refrigeration
- 6.3.3. Others
- 6.4. By End-Use Industry (Value/Volume)
- 6.4.1. Industrial
- 6.4.2. Commercial
- 6.4.3. Domestic
- 6.5. By Country (Value/Volume)
- 6.5.1. U.S.
- 6.5.1.1. By End-Use Industry (Value/Volume)
- 6.5.1.1.1. Industrial
- 6.5.1.1.2. Commercial
- 6.5.1.1.3. Domestic
- 6.5.2. Canada
- 6.5.2.1. By End-Use Industry (Value/Volume)
- 6.5.2.1.1. Industrial
- 6.5.2.1.2. Commercial
- 6.5.2.1.3. Domestic
- 7. Europe Refrigerants Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Type (Value/Volume)
- 7.2.1. Fluorocarbons
- 7.2.2. Hydrocarbons
- 7.2.3. Inorganic Refrigerants
- 7.3. By Application (Value/Volume)
- 7.3.1. Air Conditioning
- 7.3.2. Refrigeration
- 7.3.3. Others
- 7.4. By End-Use Industry (Value/Volume)
- 7.4.1. Industrial
- 7.4.2. Commercial
- 7.4.3. Domestic
- 7.5. By Country (Value/Volume)
- 7.5.1. Germany
- 7.5.1.1. By End-Use Industry (Value/Volume)
- 7.5.1.1.1. Industrial
- 7.5.1.1.2. Commercial
- 7.5.1.1.3. Domestic
- 7.5.2. U.K.
- 7.5.2.1. By End-Use Industry (Value/Volume)
- 7.5.2.1.1. Industrial
- 7.5.2.1.2. Commercial
- 7.5.2.1.3. Domestic
- 7.5.3. France
- 7.5.3.1. By End-Use Industry (Value/Volume)
- 7.5.3.1.1. Industrial
- 7.5.3.1.2. Commercial
- 7.5.3.1.3. Domestic
- 7.5.4. Italy
- 7.5.4.1. By End-Use Industry (Value/Volume)
- 7.5.4.1.1. Industrial
- 7.5.4.1.2. Commercial
- 7.5.4.1.3. Domestic
- 7.5.5. Rest of Europe
- 7.5.5.1. By End-Use Industry (Value/Volume)
- 7.5.5.1.1. Industrial
- 7.5.5.1.2. Commercial
- 7.5.5.1.3. Domestic
- 8. Asia-Pacific Refrigerants Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Type (Value/Volume)
- 8.2.1. Fluorocarbons
- 8.2.2. Hydrocarbons
- 8.2.3. Inorganic Refrigerants
- 8.2.4. Others
- 8.3. By Application (Value/Volume)
- 8.3.1. Air Conditioning
- 8.3.2. Refrigeration
- 8.4. By End-Use Industry (Value/Volume)
- 8.4.1. Industrial
- 8.4.2. Commercial
- 8.4.3. Domestic
- 8.5. By Country (Value/Volume)
- 8.5.1. China
- 8.5.1.1. By End-Use Industry (Value/Volume)
- 8.5.1.1.1. Industrial
- 8.5.1.1.2. Commercial
- 8.5.1.1.3. Domestic
- 8.5.2. India
- 8.5.2.1. By End-Use Industry (Value/Volume)
- 8.5.2.1.1. Industrial
- 8.5.2.1.2. Commercial
- 8.5.2.1.3. Domestic
- 8.5.3. Japan
- 8.5.3.1. By End-Use Industry (Value/Volume)
- 8.5.3.1.1. Industrial
- 8.5.3.1.2. Commercial
- 8.5.3.1.3. Domestic
- 8.5.4. ASEAN
- 8.5.4.1. By End-Use Industry (Value/Volume)
- 8.5.4.1.1. Industrial
- 8.5.4.1.2. Commercial
- 8.5.4.1.3. Domestic
- 8.5.5. Rest of Asia Pacific
- 8.5.5.1. By End-Use Industry (Value/Volume)
- 8.5.5.1.1. Industrial
- 8.5.5.1.2. Commercial
- 8.5.5.1.3. Domestic
- 9. Latin America Refrigerants Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Type (Value/Volume)
- 9.2.1. Fluorocarbons
- 9.2.2. Hydrocarbons
- 9.2.3. Inorganic Refrigerants
- 9.3. By Application (Value/Volume)
- 9.3.1. Air Conditioning
- 9.3.2. Refrigeration
- 9.3.3. Others
- 9.4. By End-Use Industry (Value/Volume)
- 9.4.1. Industrial
- 9.4.2. Commercial
- 9.4.3. Domestic
- 9.5. By Country (Value/Volume)
- 9.5.1. Brazil
- 9.5.1.1. By End-Use Industry (Value/Volume)
- 9.5.1.1.1. Industrial
- 9.5.1.1.2. Commercial
- 9.5.1.1.3. Domestic
- 9.5.2. Mexico
- 9.5.2.1. By End-Use Industry (Value/Volume)
- 9.5.2.1.1. Industrial
- 9.5.2.1.2. Commercial
- 9.5.2.1.3. Domestic
- 9.5.3. Rest of Latin America
- 9.5.3.1. By End-Use Industry (Value/Volume)
- 9.5.3.1.1. Industrial
- 9.5.3.1.2. Commercial
- 9.5.3.1.3. Domestic
- 10. Middle East & Africa Refrigerants Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Type (Value/Volume)
- 10.2.1. Fluorocarbons
- 10.2.2. Hydrocarbons
- 10.2.3. Inorganic Refrigerants
- 10.3. By Application (Value/Volume)
- 10.3.1. Air Conditioning
- 10.3.2. Refrigeration
- 10.3.3. Others
- 10.4. By End-Use Industry (Value/Volume)
- 10.4.1. Industrial
- 10.4.2. Commercial
- 10.4.3. Domestic
- 10.5. By Country (Value/Volume)
- 10.5.1. Saudi Arabia
- 10.5.1.1. By End-Use Industry (Value/Volume)
- 10.5.1.1.1. Industrial
- 10.5.1.1.2. Commercial
- 10.5.1.1.3. Domestic
- 10.5.2. South Africa
- 10.5.2.1. By End-Use Industry (Value/Volume)
- 10.5.2.1.1. Industrial
- 10.5.2.1.2. Commercial
- 10.5.2.1.3. Domestic
- 10.5.3. Rest of Middle East & Africa
- 10.5.3.1. By End-Use Industry (Value/Volume)
- 10.5.3.1.1. Industrial
- 10.5.3.1.2. Commercial
- 10.5.3.1.3. Domestic
- 11. Company Profiles
- 11.1. Air Liquide Advanced Technologies
- 11.1.1. Overview
- 11.1.2. Description
- 11.1.3. Product Portfolio
- 11.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.5. Recent Developments
- 11.2. Linde plc
- 11.2.1. Overview
- 11.2.2. Description
- 11.2.3. Product Portfolio
- 11.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.5. Recent Developments
- 11.3. A-Gas
- 11.3.1. Overview
- 11.3.2. Description
- 11.3.3. Product Portfolio
- 11.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.5. Recent Developments
- 11.4. The Chemours Company. Chemours
- 11.4.1. Overview
- 11.4.2. Description
- 11.4.3. Product Portfolio
- 11.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.4.5. Recent Developments
- 11.5. Tazzetti S.p.A.
- 11.5.1. Overview
- 11.5.2. Description
- 11.5.3. Product Portfolio
- 11.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.5.5. Recent Developments
- 11.6. AGC Inc.
- 11.6.1. Overview
- 11.6.2. Description
- 11.6.3. Product Portfolio
- 11.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.6.5. Recent Developments
- 11.7. DuPont
- 11.7.1. Overview
- 11.7.2. Description
- 11.7.3. Product Portfolio
- 11.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.7.5. Recent Developments
- 11.8. Honeywell International Inc.
- 11.8.1. Overview
- 11.8.2. Description
- 11.8.3. Product Portfolio
- 11.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.8.5. Recent Developments
- 11.9. Arkema
- 11.9.1. Overview
- 11.9.2. Description
- 11.9.3. Product Portfolio
- 11.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.9.5. Recent Developments
- 11.10. DAIKIN INDUSTRIES, Ltd.
- 11.10.1. Overview
- 11.10.2. Description
- 11.10.3. Product Portfolio
- 11.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11.10.5. Recent Developments
- 12. Strategic Recommendations
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