Hovercrafts are amphibious vehicles that are capable of traveling on both land and water. Powered by jet engines or diesel or gas turbines, hovercrafts use the cushion of air these create below them for movement. These are capable of moving over land, marsh, ice, sea and other water surfaces without any special preparation of the surface. Hovercrafts found applications in commercial passenger transport as well as military uses like transporting goods and troops over long distances including amphibious operations.
Market Dynamics:
Global hovercraft market growth is driven by factors such as their unique capability to operate across various terrains including land and water, without requiring infrastructure like roads or ports. Their flexibility makes them useful for transportation of goods and people in areas lacking proper infrastructure. Additional demand is generated from their military applications for transport over seas and amphibious operations. However, high operational costs associated with fuel consumption and maintenance restrict wider adoption of hovercrafts. Opportunities for market growth lie in their use for emergency services, coast guard operations and tourism where conventional vehicles cannot operate. Technological advancements are aimed at improving fuel efficiency and reducing costs to counter restraints facing the market.
Key features of the study:
- This report provides in-depth analysis of the global hovercraft market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global hovercraft market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Textron Inc., Universal Hovercraft Of America Inc., Vanair Hovercraft, Griffon Hoverwork Ltd, Garden Reach Shipbuilders And Engineers, Aerohod Ltd., Airlift Hovercraft Pty Ltd, The British Hovercraft Company Limited, Hovertechnics, Neoteric Hovercraft, Inc., Zodiac Milpro , PARMA Hovercraft, Amphibious Marine, Navtek India, Hoverstream, LLC.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- Global hovercraft market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hovercraft market.
- Propulsion Insights (Revenue, USD MN, 2020 - 2032)
- Diesel powered
- Gasoline powered
- Others
- Application Insights (Revenue, USD MN, 2020 - 2032)
- Military
- Commercial
- Regional Insights (Revenue, USD MN, 2020 - 2032)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles
- Textron Inc.
- Universal Hovercraft Of America Inc.
- Vanair Hovercraft
- Griffon Hoverwork Ltd
- Garden Reach Shipbuilders And Engineers
- Aerohod Ltd.
- Airlift Hovercraft Pty Ltd
- The British Hovercraft Company Limited
- Hovertechnics
- Neoteric Hovercraft, Inc.
- Zodiac Milpro
- PARMA Hovercraft
- Amphibious Marine
- Navtek India
- Hoverstream, LLC.
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- 2. Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Propulsion
- Market Snapshot, By Application
- Market Snapshot, By Region
- Market Scenario - Conservative, Likely, Opportunistic
- Market Opportunity Map
- 3. Market Dynamics and Trend Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Pest Analysis
- Porters’ Analysis
- Regulatory Scenario
- COVID-19 Impact Analysis
- Value Chain Analysis
- New product approvals
- Trend Analysis - Historic and Future Trend Assessment
- Key Developments
- 4. Global Hovercraft Market, By Propulsion, 2021 – 2032, (US$ Million)
- Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032
- Market Y-o-Y Growth Comparison (%), 2021 - 2032
- Segment Trends
- Diesel powered, 2020 - 2032(US$ Million)
- Introduction
- Market Size and Forecast, 2020 - 2032, (US$ Million)
- Gasoline powered, 2020 - 2032(US$ Million)
- Introduction
- Market Size and Forecast, 2020 - 2032, (US$ Million)
- Others, 2020 - 2032(US$ Million)
- Introduction
- Market Size and Forecast, 2020 - 2032, (US$ Million)
- 5. Global Hovercraft Market, By Application, 2021 – 2032, (US$ Million)
- Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032
- Market Y-o-Y Growth Comparison (%), 2021 - 2032
- Segment Trends
- Military, 2020 - 2032(US$ Million)
- Introduction
- Market Size and Forecast, 2020 - 2032, (US$ Million)
- Commercial, 2020 - 2032(US$ Million)
- Introduction
- Market Size and Forecast, 2020 - 2032, (US$ Million)
- 6. Global Hovercraft Market, By Region, 2021 – 2032, (US$ Million)
- Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, (US$ Million)
- Market Y-o-Y Growth Comparison (%), 2021 - 2032, (US$ Million)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Propulsion, 2020 - 2032, (US$ Million)
- Market Size and Forecast, By Application, 2020 - 2032, (US$ Million)
- Market Size and Forecast, By Country, 2020 - 2032, (US$ Million)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, By Propulsion, 2020 - 2032, (US$ Million)
- Market Size and Forecast, By Application, 2020 - 2032, (US$ Million)
- Market Size and Forecast, By Country, 2020 - 2032, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Propulsion, 2020 - 2032, (US$ Million)
- Market Size and Forecast, By Application, 2020 - 2032, (US$ Million)
- Market Size and Forecast, By Country, 2020 - 2032, (US$ Million)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Propulsion, 2020 - 2032, (US$ Million)
- Market Size and Forecast, By Application, 2020 - 2032, (US$ Million)
- Market Size and Forecast, By Country, 2020 - 2032, (US$ Million)
- GCC
- Israel
- Rest Of Middle East & Africa
- Latin America
- Introduction
- Market Size and Forecast, By Propulsion, 2020 - 2032, (US$ Million)
- Market Size and Forecast, By Application, 2020 - 2032, (US$ Million)
- Market Size and Forecast, By Country, 2020 - 2032, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest Of Latin America
- 7. Company Profiles - Global Hovercraft Market
- Textron Inc.
- Company Overview
- Product/Service Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategic Overview
- Universal Hovercraft Of America Inc.
- Vanair Hovercraft
- Griffon Hoverwork Ltd
- Garden Reach Shipbuilders And Engineers
- Aerohod Ltd.
- Airlift Hovercraft Pty Ltd
- The British Hovercraft Company Limited
- Hovertechnics
- Neoteric Hovercraft, Inc.
- Zodiac Milpro
- PARMA Hovercraft
- Amphibious Marine
- Navtek India
- Hoverstream, LLC.
- 8. References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact
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