Asia Pacific Drives Rapid Growth of $10 Billion Amphibious Vehicle Market Through 2033
• Amphibious Vehicle market to grow at 9.13% CAGR from $4.5B in 2023 to $10.92B in 2033
• Asia Pacific accounts for 45% market share currently and is fastest growing region
• Track-based propulsion has 38% market share and is fastest growing propulsion type
• Defense sector accounts for 43.1% of market share due to rising defense expenditures
• High initial costs of amphibious vehicles restraints growth in developing countries