Zion Market Research Global Amphibious Land Craft Market, 2016–2024 | Page 3

Amphibious Land Craft Market
Global Amphibious Land Craft Market: Growth Factors
The amphibious land craft market is a growing market owing to factors such as growing
security concerns for protecting the seaborne trade activities, increasing investments made
by the government, and rising demand for smaller and faster landing craft for defense and
military purposes. Due the numerous benefits relating to the air cushion technology, it is
widely used for civil and military applications. The land craft mechanized segment is
attracting more investments though there is a general decrease in the defense budget. The
land craft market is not only growing due to its military applications but also gaining a market
hold due to its commercial applications. However there are factors affecting the growth of
this market which include strict regulations on arms transfer and budgetary constraints.
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Global Amphibious Land Craft Market: Regional Analysis
The largest share in the amphibious land craft market is held by the North American region.
This can be attributed to the growing demands for air cushion and amphibious landing craft
for commercial applications in the US and Canada Other regions showing a substantial
growth are Europe, Asia Pacific and Middle East and Africa. Following North America in its
growth will be Middle East and Africa and Asia Pacific. Their emergence in the market can
be attributed to the rapid modernization, increasing investments, and rising cases of piracy
especially in the Suez Canal, Gulf of Aden, the Arabian Sea and the Red Sea which has