We investigate (2+1)-dimensional generalized modified dispersive water wave (GMDWW) equation by utilizing the bifurcation theory of dynamical systems. We give the phase portraits and bifurcation analysis of the plane system corresponding to the GMDWW equation. By using the special orbits in the phase portraits, we analyze the existence of the traveling wave solutions. When some parameter takes special values, we obtain abundant exact kink wave solutions, singular wave solutions, periodic wave solutions, periodic singular wave solutions, and solitary wave solutions for the GMDWW equation.