An amphibious vehicle is a mode of transportation that can travel on water as well as on land. The various amphibious vehicle commonly is use are busses, trucks, hovercrafts, aircrafts, tanks, and military vehicles among others.

The amphibious vehicles are heavily used by the military forces across the globe in order to secure the sea borders from increasing conflicts via sea. Due to this, the military forces are procuring amphibious vehicles for the surveillance and rescue purpose, which is propelling the market for amphibious vehicle market to grow in future. Moreover, the increasing water transportations and water sports activities have led the commercial amphibious manufacturers to develop technologically latest water vehicles in order to support the surging demand from the commercial sectors. This factor is impacting positively on the growth of amphibious vehicle market.

The major limitation of the amphibious vehicle market is the need for seasonal serviceability. The enhanced technology integrated in an amphibious vehicle requires time to time maintenance, which incurs high cost. Owing to this fact, the commercial sectors are limiting their procurement of amphibious vehicle, which is in turn inhibiting the market to grow in future.

Increase in defense budgets in the emerging economies in the world is acting as a growth opportunity factor for the amphibious vehicle market. Countries such as Russia, Germany, India, Japan, and Saudi Arabia among others are investing huge amounts in development of robust amphibious vehicles for military and commercial sectors in order to meet their demands. The amphibious vehicle market is also poised to expand in future due to increase in usage of landing crafts that can operate on land as well as water. These amphibious landing crafts are being heavily adopted by the U.S army and other major defense forces worldwide, which is propelling the growth of the market.

The amphibious vehicle market is segmented on basis of propulsion systems, application, end users and geography. The different types of propulsion systems in amphibious vehicles are water jet, track based, screw propellers and others. The track based propulsion systems are the most widely used propulsion systems in amphibious vehicle due to their benefit of moving at a faster speed on water and land. Surveillance and rescue, water sports, water transportation, and excavation constitutes the application segment of the amphibious vehicle market. The increasing demand to secure the sea borders, the defense forces across the globe uses the amphibious vehicles heavily for surveillance and rescue purpose, hence the segment dominates the market. Due to increasing land reclamation activities, the excavation segment is witnessing a significant surge in the current scenario. The end users of the amphibious vehicles are military and commercial sectors.

The military segment dominates the market for amphibious vehicle and commercial sector is anticipated to experience a huge demand in the coming years due to surging demand for amphibious excavators. Geographically, the market for amphibious vehicles are split on basis of five strategic regions across the globe as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The most dominating region in 2016 accounted for North America due to extensive research and development as well as huge procurement in the military and commercial sectors. Countries in Europe and Asia Pacific are also investing substantial amounts in development and procurement of amphibious vehicles.

The leading market players operating in the field of amphibious vehicle are categorized as commercial amphibious vehicle manufacturers and military amphibious vehicle manufacturers. The leading players dominating the market in both the verticals includes Hitachi Construction Machinery (Japan), Wilco Manufacturing LLC (U.S), TSBC Engineering SDN. BHD. (Malaysia), Lemac Corporation (U.S), Aquamec OY (Finland), Textron Systems Corporation (U.S), Hanjin Heavy Industries & Construction Co. Ltd. (Korea), Renault Truck Defense (France), Lockheed Martin Corporation (U.S), BAE Systems (U.K) among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Amphibious Vehicle Market

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