Stratview Research has published a new report titled “Amphibious Vehicle Market” which is segmented by End-User Type (Defense, Commercial), by Propulsion Type (Screw Propellers, Water Jet, Track-Based, and Others), by Application Type (Surveillance & Rescue, Water Transportation, Sports/Recreation, Excavation, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
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The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the end-user type, the market is segmented as defense and commercial. The commercial segment is estimated to witness a higher growth during the forecast period, driven by the increasing adoption of amphibious excavators for dredging purposes across the globe.
Based on the application type, the market is segmented as surveillance & rescue, water transportation, sports/recreation, excavation, and others. The excavation segment is estimated to witness the highest growth during the forecast period. This growth can be attributed to the rising inland waterway projects and the demand for land reclamation.
Which Region is expected to remain the largest market?
In terms of regions, various countries, such as India, China, and Japan, among others are enormously investing to solidify their defense capabilities. The Asia-Pacific market is estimated to depict the highest growth during the forecast period, driven by an increase in the regional conflicts. The North American and the European regions are also expected to offer substantial growth opportunities in the coming five years.
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