Hovercraft Market By Size (Less than 10m, Between 10m and 20m, Greater than 20m), By Propulsion (Diesel powered, Gasoline powered, Others), By End Use (Passenger Transport and Tourism, Cargo Transportation, Defense, Search and Rescue, Others): Global Oppo

Hovercraft Market By Size (Less than 10m, Between 10m and 20m, Greater than 20m), By Propulsion (Diesel powered, Gasoline powered, Others), By End Use (Passenger Transport and Tourism, Cargo Transportation, Defense, Search and Rescue, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

A hovercraft is also known as Air cushion vehicle (ACV) and is specifically utilized to explore narrow waterways and areas where traditional or conventional motorboats cannot be reached. In addition, hovercrafts come in different variations having different shapes and sizes. Moreover, advantages of hovercrafts comprise all-weather capability, efficiency, terrain independence, and speed.

Companies are developing and launching new hovercrafts to meet the transportation needs of military across the globe, which boosts the growth of the market. For instance, in October 2020, Kalashnikov Concern unveiled its new multifunctional hovercraft namely, “Haska-10”. The new hovercraft is 21 m long, 7.5 m high, and 12.5 wide. The new hovercraft can carry 10 tons of cargo as well as it can accommodate KamAZ or light armored Tiger-class vehicles on board. In addition, it comprises two 800-hp engines and has a top speed of 40 nautical knots.

Conventional hovercrafts are generally equipped with diesel powered engines as they were primarily used for transporting heavy payloads and personnel. Diesel engines in hovercrafts generate more torque, and run longer on a specific volume of fuel as compared to gasoline engines. In addition, diesel engines do not require spark plugs or electrical ignition system, which in turn improves performance of diesel-powered hovercrafts. In addition, companies are receiving contracts to deliver new hovercrafts to the buyers, which fuels the growth of the hovercraft market.

The hovercraft market is segmented on the basis of propulsion, size, end use, and region. By propulsion, it is classified into diesel powered, gasoline powered, and others. By size, it is fragmented into less than 10m, between 10m & 20m, and greater than 20m. By end use, it is categorized into passenger transport & tourism, cargo transportation, defense, search & rescue, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some leading companies profiled in the report comprise Griffon Hoverwork Ltd, The British Hovercraft Company, Vanair Hovercraft, Universal Hovercraft of America Inc., Neoteic Hovercraft, Hovertechnics, Textron Inc., AirLift Hovercraft, Garden Reach Shipbuilders and Engineers, and Aerohod Ltd.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hovercraft market analysis from 2021 to 2031 to identify the prevailing hovercraft market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the hovercraft market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global hovercraft market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Size

Less than 10m
Between 10m and 20m
Greater than 20m

By Propulsion

Diesel powered
Gasoline powered
Others

By End Use

Passenger Transport and Tourism
Cargo Transportation
Defense
Search and Rescue
Others

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

Griffon Hoverwork Ltd
The British Hovercraft Company Limited
Vanair Hovercraft
Universal Hovercraft Of America Inc.
Hovertechnics
Textron Inc.
Airlift Hovercraft Pty Ltd
Garden Reach Shipbuilders And Engineers
Aerohod Ltd.
Neoteric Hovercraft, Inc.

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