Global Amphibious Vehicle Market Insights
The global Amphibious Vehicle market is estimated to grow at a high CAGR during the forecast period. The market for amphibious vehicles is majorly driven due to increased demand from military forces across the globe to secure the sea borders from increasing conflicts through sea. Moreover, the increasing water sports activities along with increasing recreational and transportation activities is expected to propel the growth of amphibious vehicle market. However, the high cost of amphibious vehicles and high entry barriers for the defense sector is expected to hamper the growth of market. Amphibious vehicles are employed during amphibious military operations to provide combat support to defense forces. Increasing conflicts, commercial applications and accessibility in rough terrain boosted the demand of amphibious vehicles. The market of amphibious vehicles is expected to be positively influenced by increasing use of landing craft and development of inland waterways.
Amphibious Vehicle Market: By End User
The global Amphibious Vehicle market can be segmented on the basis of End User into defense and commercial segment. The commercial segment is expected to witness highest growth during the forecasted period. The segment is expected to be positively influenced by growing adoption of amphibious excavators for dredging purposes. Military sector has occupied largest market share, both in terms of value and volume. The market is positively influenced by growing defense expenditures.
Amphibious Vehicle Market: By Propulsion Type
The Amphibious Vehicle market is segmented on the basis of propulsion type into screw propellers, water jet, and track-based among others. The track based propeller segment has occupied largest market share both in terms of value and volume. The segment’s growth is positively influenced by its feature which allows it move at high speeds on both land and water surfaces. Increased demand for track based propulsion for defense applications is expected to drive the segment’s growth. The amphibious vehicles provide military troops with efficient inspection and monitoring of both water and land borders.
Amphibious Vehicle Market: By Application
The market for amphibious vehicle is segmented on the basis of application into surveillance & rescue, water transportation, sports/ recreation, and excavation among others. The excavation segment is expected to grow at a highest CAGR during the forecast period. The segment’s growth is majorly attributed to increasing demand for land reclamation along with increasing waterway projects. Increasing use of amphibious vehicles for dredging applications such as maintenance of swamps, river beds, ponds, lake, and reservoirs is expected to positively influence the growth of amphibious vehicle market
Amphibious Vehicle Market: Regional Insights
On the basis of region the market for Amphibious Vehicle is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. North Korea is expected to dominate the market of amphibious vehicle, both in terms of value and volume. The market in the region is majorly driven by its high military expenditure along with rapid adoption of amphibious vehicles for commercial applications. Whereas, the Asia Pacific market is expected to grow at a highest CAGR during the forecast period, the region’s growth can be attributed to the rising incidences of conflicts and terrorism in the region.
Amphibious Vehicle Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, Systems manufactured/supplied, and geographical presence of companies.
Amphibious Vehicle Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, Systems, and regional presence of companies who are purchasing or are likely to amphibious vehicle in the coming years. Some companies currently using Amphibious Vehicle and are likely to purchase it in future are American River Transportation Company, Horizon Lines, and Kirby Corporation among others.
Amphibious Vehicle: Market Share & Competitor Analysis
Some of the key players operating in the Amphibious Vehicle Market are General Dynamics Corporation, BAE Systems Plc., NORINCO, Rheinmetall AG, Science Applications International Corporation (SAIC), Griffon Hoverwork Ltd. (GHL), Norinco International Cooperation Ltd., Renault Trucks Defense, Lockheed Martin Corporation, KBTM JSC (OMSK), and Textron Inc. among others
In February 2019, The U.S. Army has awarded General Dynamics Land Systems a contract worth up to USD 402 million for Systems Technical Support (STS) for the Stryker Brigade Combat Team (SBCT)
In June 2018, the United States Marine Corps awarded BAE Systems PLC with a contract for wheeled amphibious combat vehicles in order to transport marines from ship to shore under hostile conditions
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Amphibious Vehicle Market 2 Report
- RESEARCH METHODOLOGY
- DESK RESEARCH
- PRELIMINARY ANALYSIS
- PAID DATABASES AND GOVERNMENT BODIES
- APPLICATION SEGMENT ANALYSIS
- TOP DOWN APPROACH
- BOTTOM UP APPROACH
- PRIMARY RESEARCH
- BREAKDOWN OF PRIMARY INTERVIEW
- DISCUSSION GUIDE WITH PRIMARY PARTICIPANTS
- ANALYSIS AND OUTPUT
- COUNTRY/REGIONAL ANALYSIS
- PREDICTIVE ANALYTICS TECHNIQUES
- INHOUSE AI POWERED REAL TIME ANALYSIS TOOL
- FINAL OUTPUT FROM DESK AND PRIMARY RESEARCH
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH ASSUMPTIONS
- RESEARCH LIMITATIONS
- ECOSYSTEM OVERVIEW
- TECHNOLOGICAL TRENDS IN AMPHIBIOUS VEHICLE MARKET
- FOUR QUADRANT COMPETITOR POSITIONING MATRIX
- LEADERS
- CHALLENGERS
- VISIONARIES
- NICHE PLAYERS
- DEMAND AND SUPPLY MATRIX
- INTRODUCTION
- DEMAND SIDE ANALYSIS
- AMPHIBIOUS VEHICLE: MARKET DRIVERS
- GROWING DEMAND IN END USE INDUSTRY
- AMPHIBIOUS VEHICLE: MARKET RESTRAINTS
- AMPHIBIOUS VEHICLE: MARKET OPPORTUNITIES
- INCREASING DEVELOPMENT IN R&D
- AMPHIBIOUS VEHICLE: MARKET CHALLENGES
- SEASONAL DEMAND &SERVICEABILITY
- SUPPLY SIDE ANALYSIS
- FUTURE SCENARIO (CAGR% VS APPLICATION)
- MAPPING KEYAMPHIBIOUS VEHICLE MANUFACTURERS
- PORTER’S FIVE FORCES ANALYSIS
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF BUYERS
- INTENSITY OF COMPETITIVE RIVALRY
- AMPHIBIOUS VEHICLE MARKET: TREND ANALYSIS
- AMPHIBIOUS VEHICLE MARKET ANALYSIS, BY END USER
- INTRODUCTION
- AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- DEFENSE
- DEFENSE, AMPHIBIOUS VEHICLE MARKET, 2016-2026 (USD MILLION)
- COMMERCIAL
- COMMERCIAL, AMPHIBIOUS VEHICLE MARKET, 2016-2026 (USD MILLION)
- AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE
- INTRODUCTION
- AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- SCREW PROPELLERS
- SCREW PROPELLERS, AMPHIBIOUS VEHICLE MARKET, 2016-2026 (USD MILLION)
- WATER JET
- WATER JET, AMPHIBIOUS VEHICLE MARKET, 2016-2026 (USD MILLION)
- TRACK-BASED
- TRACK-BASED, AMPHIBIOUS VEHICLE MARKET, 2016-2026 (USD MILLION)
- OTHERS
- OTHERS, AMPHIBIOUS VEHICLE MARKET, 2016-2026 (USD MILLION)
- AMPHIBIOUS VEHICLE MARKET, BY APPLICATION
- INTRODUCTION
- AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- SURVEILLANCE & RESCUE
- SURVEILLANCE & RESCUE, AMPHIBIOUS VEHICLE MARKET, 2016-2026 (USD MILLION)
- WATER TRANSPORTATION
- WATER TRANSPORTATION, AMPHIBIOUS VEHICLE MARKET, 2016-2026 (USD MILLION)
- SPORTS/RECREATION
- SPORTS/RECREATION, AMPHIBIOUS VEHICLE MARKET, 2016-2026 (USD MILLION)
- EXCAVATION
- EXCAVATION, AMPHIBIOUS VEHICLE MARKET, 2016-2026 (USD MILLION)
- OTHERS
- OTHERS, AMPHIBIOUS VEHICLE MARKET, 2016-2026 (USD MILLION)
- AMPHIBIOUS VEHICLE MARKET, BY REGION
- INTRODUCTION
- GLOBAL AMPHIBIOUS VEHICLE MARKET, REGIONAL ANALYSIS, 2016-2026 (USD MILLION)
- NORTH AMERICA
- NORTH AMERICA AMPHIBIOUS VEHICLE MARKET, REGIONAL ANALYSIS, 2016-2026 (USD MILLION)
- BY END USER
- NORTH AMERICA AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- NORTH AMERICA AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- NORTH AMERICA AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- BY COUNTRY
- S.
- BY END USER
- US AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- US AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- US AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
-
- BY END USER
- CANADA AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- CANADA AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- CANADA AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- MEXICO
- BY END USER
- MEXICO AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- MEXICO AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- MEXICO AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- EUROPE
- EUROPE AMPHIBIOUS VEHICLE MARKET,REGIONAL ANALYSIS, 2016-2026 (USD MILLION)
- BY END USER
- EUROPE AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- EUROPE AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- EUROPE AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- BY COUNTRY
- GERMANY
- BY END USER
- GERMANY AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- GERMANY AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- GERMANY AMPHIBIOUS VEHICLE MARKET, BY VERTCAL, 2016-2026 (USD MILLION)
- UK
- BY END USER
- UK AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- UK AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- UK AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- FRANCE
- BY END USER
- FRANCE AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- FRANCE AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- FRANCE AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- ITALY
- BY END USER
- ITALY AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- ITALY AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- ITALY AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- SPAIN
- BY END USER
- SPAIN AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- SPAIN AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- SPAIN AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- REST OF EUROPE
- BY END USER
- REST OF EUROPE AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- REST OF EUROPE AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
REST OF EUROPE AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- ASIA PACIFIC
- ASIA PACIFICAMPHIBIOUS VEHICLE MARKET,REGIONAL ANALYSIS, 2016-2026 (USD MILLION)
- BY END USER
- ASIA PACIFIC AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- ASIA PACIFIC AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- ASIA PACIFIC AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- BY COUNTRY
- CHINA
- BY END USER
- CHINA AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- CHINA AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- CHINA AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- JAPAN
- BY END USER
- JAPAN AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- JAPAN AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- JAPAN AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- INDIA
- BY END USER
- INDIA AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- INDIA AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- INDIA AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- MALAYSIA
- BY END USER
- MALAYSIA AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- MALAYSIA AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- MALAYSIA AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- SINGAPORE
- BY END USER
- SINGAPORE AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- SINGAPORE AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- SINGAPORE AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- SOUTHKOREA
- BY END USER
- SOUTH KOREA AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- SOUTH KOREA AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- SOUTH KOREA AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- CENTRAL & SOUTH AMERICA
- CENTRAL & SOUTH AMERICA AMPHIBIOUS VEHICLE MARKET,REGIONAL ANALYSIS, 2016-2026 (USD MILLION)
- BY END USER
- CENTRAL & SOUTH AMERICA AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- CENTRAL & SOUTH AMERICA AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- CENTRAL & SOUTH AMERICA AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- BY COUNTRY
- BRAZIL
- BY END USER
- BRAZIL AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- BRAZIL AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- BRAZIL AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- MIDDLE EAST & AFRICA
- MIDDLE EAST & AFRICA AMPHIBIOUS VEHICLE MARKET, REGIONAL ANALYSIS, 2016-2026 (USD MILLION)
- BY END USER
- MIDDLE EAST & AFRICA AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- MIDDLE EAST & AFRICA AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- MIDDLE EAST & AFRICA AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- BY COUNTRY
- SAUDIARABIA
- BY END USER
- SAUDI ARABIA AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- SAUDI ARABIA AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- SAUDI ARABIA AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- UAE
- BY END USER
- UAE AMPHIBIOUS VEHICLE MARKET, BY END USER, 2016-2026 (USD MILLION)
- BY PROPULSION TYPE
- UAE AMPHIBIOUS VEHICLE MARKET, BY PROPULSION TYPE, 2016-2026 (USD MILLION)
- BY APPLICATION
- UAE AMPHIBIOUS VEHICLE MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
- END-USER LANDSCAPE (CONSUMER PROFILE)
- NORTH AMERICA
- EUROPE
- GERMANY
- FRANCE
- UK
- ITALY
- SPAIN
- RSET OF EUROPE
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- MALAYSIA
- SINGAPORE
- SOUTH KOREA
- REST OF THE WORLD
- VENDOR LANDSCAPE (SUPPLIERS/MANUFACTURERS)
- NORTH AMERICA
- EUROPE
- FRANCE
- GERMANY
- UK
- ITALY
- SPAIN
- REST OF EUROPE
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- MALAYSIA
- SINGAPORE
- SOUTH KOREA
- REST OF THE WORLD
- MARKET SHARE ANALYSIS
- COMPANY PROFILE
- BAE SYSTEMS PLC
- BUSINESS DESCRIPTION
- SWOT ANALYSIS
- PRODUCTS & SERVICESOFFERED
- STRATEGIC INITIATIVES
- GENERAL DYNAMICS CORPORATION
- BUSINESS DESCRIPTION
- SWOT ANALYSIS
- PRODUCTS & SERVICESOFFERED
- STRATEGIC INITIATIVES
- LOCKHEED MARTIN CORPORATION
- BUSINESS DESCRIPTION
- SWOT ANALYSIS
- PRODUCTS & SERVICES OFFERED
- STRATEGIC INITIATIVES
- RHEINMETALL AG.
- BUSINESS DESCRIPTION
- SWOT ANALYSIS
- PRODUCTS & SERVICES OFFERED
- STRATEGIC INITIATIVES
- SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC)
- BUSINESS DESCRIPTION
- SWOT ANALYSIS
- PRODUCTS & SERVICES OFFERED
- STRATEGIC INITIATIVES
- GRIFFON HOVERWORK LTD. (GHL)
- BUSINESS DESCRIPTION
- SWOT ANALYSIS
- PRODUCTS & SERVICES OFFERED
- STRATEGIC INITIATIVES
- TEXTRON SYSTEMS
- BUSINESS DESCRIPTION
- SWOT ANALYSIS
- PRODUCTS & SERVICES OFFERED
- STRATEGIC INITIATIVES
- RENAULT TRUCKS DEFENSE
- BUSINESS DESCRIPTION
- SWOT ANALYSIS
- PRODUCTS & SERVICES OFFERED
- STRATEGIC INITIATIVES
- KURGANMASHZAVOD JSC
- BUSINESS DESCRIPTION
- SWOT ANALYSIS
- PRODUCTS & SERVICES OFFERED
- STRATEGIC INITIATIVES
- KBTM JSC (OMSK)
- BUSINESS DESCRIPTION
- SWOT ANALYSIS
- PRODUCTS & SERVICES OFFERED
- STRATEGIC INITIATIVES
- OTHER COMAPNIES
- BUSINESS DESCRIPTION
- SWOT ANALYSIS
- PRODUCTS & SERVICES OFFERED
- STRATEGIC INITIATIVES
The global amphibious vehicle market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the amphibious vehicle market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
