Amphibious Vehicle Market is expected to grow at a CAGR of 10.2% during the next five years, according to a newly added report by Stratview Research. The claim for amphibious vehicles is expected to be propelled by the rising demand from militaries owing to the increasing conflicts, rising commercial applications, the assault amphibious vehicle up-gradation program of the U.S. Army, and the accessibility in rough terrain.
The report offers detailed insights into relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in four ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.
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As per the report, among different end-use types, the commercial segment is estimated to witness higher growth during the forecast period, driven by the increasing adoption of amphibious excavators for dredging purposes across the globe.
The excavation segment is projected to register the largest share of the market in the coming five years, in the segment of application type.
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Asia-Pacific is expected to remain the largest market for amphibious vehicle in the coming five years, according to the analyst. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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The report further mentions about the key manufacturing players BAE Systems PLC, General Dynamics Corporation, Griffon Hoverwork Ltd., (GHL), Hanjin Heavy Industry Co. Ltd., JSC Kurganmashzavod, Lockheed Martin Corporation, Norinco International Cooperation Ltd., Renault Trucks Defense, Rheinmetall AG, and Science Applications International Corporation (SAIC) who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the amphibious vehicle market that can be helpful for interested clients in analyzing the market and making the right decisions accordingly.
Salient Features of the Report
The report on Amphibious Vehicle Market is a well-researched work after analyzing various data from different reliable sources. The report included some of the salient features such as:
- Market structure,
- Market environment analysis,
- Market trend and forecast analysis,
- Market segment trend and forecast,
- Competitive landscape and dynamics,
- Attractive market segments and associated growth opportunities,
- Emerging trends,
- Strategic growth opportunities for the existing and new players,
- Key success factors
About Stratview Research:
Stratview Research is a global research company offering custom research and market research reports for interested clients in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.
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