Market Research

Hovercraft Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Best Price Guarantee Length Publisher Published Date SKU
from $4,850 200 Pages Fortune Business Insights Pvt. Ltd. May, 2024 FOB18820026
Best Price Guarantee
Price from $4,850
Length 200 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date May, 2024
SKU FOB18820026

Hovercraft Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Hovercraft Market

The hovercraft market size was valued at USD 164.6 million in 2023, and the market is now projected to grow from USD 167.6 million in 2024 to USD 187 billion by 2032, exhibiting a CAGR of 1.4% during the forecast period of 2024-2032.

The COVID-19 pandemic created significant opportunities on the hovercraft market growth as curbing coronavirus outbreak was prioritized. Disruptions caused by the COVID-19 pandemic, which include manufacturing facility closures and transportation regulations, caused delays in the production and delivery of air cushion cars and their components. The outbreak also decreased the demand for many transportation solutions, together with ACVs. Travel regulations, lockdowns, and reduced tourism activities affected the desire for air cushion cars in certain regions.

The hovercraft market share globally has been contributed due to the rising global military expenditure. Increasing navy expenditures throughout the globe have emerged as a tremendous trend in recent years because of different factors and nearby dynamics. Heightened geopolitical tensions among the most important economies, such as the U.S., China, and Russia, have elevated navy spending as nations are trying to find ways to preserve or enhance their military talents in response to perceived threats.

Furthermore, there’s been a notable trend of design improvements and use of hybrid & electric propulsion. Manufacturers of air cushion motors are exploring hybrid and electric-powered propulsion systems to decrease gas intake and emissions. Electric hovercraft is being evolved for programs where environmental issues and fuel efficiency are paramount.

Comprehensive Analysis of Hovercraft Market

The hovercraft market and automotives industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the automotives industry. These segmentations are methodically segregated by types of passenger capacity, length, and by application. The passenger capacity types include, up to 4, 5 to 8, and Above 8. However, the applications are such as Recreation & Travel and Commercial.

The North American region is conducive to the global title market, leading to a recall of USD 65 million owing to strong defense sector. The U.S. has one of the most high-quality, bold, and technologically superior protection sectors. It has one of the most important defense budgets in the world. Consistent funding from the authorities supports the development, procurement, and protection of cutting-edge army capabilities.

The top players in the market play a crucial role in the automotives industry assuring industrial prospectus growth and setting market standards. These players include, Christy Hovercraft (Russia), MAD Hovercraft (Italy), Griffon Hoverwork Ltd. (U.K.), Airlift Hovercraft (Australia), Neoteric Hovercraft, Inc. (U.S.), The British Hovercraft Company (U.K.), Amphibious Marine Inc. (U.S.), Airflow Hovercraft NZ (New Zealand), Hoverstream LLC (U.S.), and MARIAH INTERNATIONAL HOVERCRAFT AUSTRALIA PTY LTD. (Australia) these market players provide a level-playing competitive landscape.

In September 2023, Griffon Hoverwork announced the call and details of its new class of Landing Craft Air Cushion: The Wyvern. The Wyvern class claims to supply a speedy, amphibious delivery answer for the arena’s military forces seeking to deploy their assets in response to war eventualities, herbal failures, or humanitarian crises.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 1.4%from 2024 – 2032

Unit Value (USD Million)

Segmentation By Passenger Capacity

Upto 4

5 to 8

Above 8

By Length

Upto 10 m

Above 10 m

By Application

Recreation & Travel

Commercial

By Geography

North America (By Passenger Capacity, Length, and Application)

- U.S. (By Application)

- Canada (ByApplication)

Europe (By Passenger Capacity, Length, and Application)

- Germany (By Application)

- U.K. (By Application)

- France (By Application)

- Russia (By Application)

- Rest of Europe (By Application)

Asia Pacific (By Passenger Capacity, Length, and Application)

- China (By Application)

- India (By Application)

- Japan (By Application)

- South Korea (By Application)

- Rest of Asia Pacific (By Application)

Rest of the World (By Passenger Capacity, Length, and Application)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.


1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Emerging Trends
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Industry SWOT Analysis
4.3. Supply Chain and Regulatory Analysis
4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.5. Qualitative Analysis (in relation to COVID-19)
5. Global Biscuits Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Product Type (Value)
5.2.1.1. Crackers
5.2.1.2. Sweet Biscuits
5.2.1.3. Savoury Biscuits
5.2.2. By Flavour (Value)
5.2.2.1. Plain
5.2.2.2. Chocolate
5.2.2.3. Cheese
5.2.2.4. Fruit & Nut
5.2.2.5. Others (Sour cream, Spiced)
5.2.3. By Distribution Channel (Value)
5.2.3.1. Hypermarkets/Supermarkets
5.2.3.2. Specialty Stores
5.2.3.3. Independent Bakeries
5.2.3.4. Online
5.2.4. By Region (Value)
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. North America Biscuits Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Product Type (Value)
6.2.1.1. Crackers
6.2.1.2. Sweet Biscuits
6.2.1.3. Savoury Biscuits
6.2.2. By Flavour (Value)
6.2.2.1. Plain
6.2.2.2. Chocolate
6.2.2.3. Cheese
6.2.2.4. Fruit & Nut
6.2.2.5. Others (Sour cream, Spiced)
6.2.3. By Distribution Channel (Value)
6.2.3.1. Hypermarkets/Supermarkets
6.2.3.2. Specialty Stores
6.2.3.3. Independent Bakeries
6.2.3.4. Online
6.2.4. By Country (Value)
6.2.4.1. U.S
6.2.4.1.1. By Product Type (Value)
6.2.4.1.1.1. Crackers
6.2.4.1.1.2. Sweet Biscuits
6.2.4.1.1.3. Savoury Biscuits
6.2.4.2. Canada
6.2.4.2.1. By Product Type (Value)
6.2.4.2.1.1. Crackers
6.2.4.2.1.2. Sweet Biscuits
6.2.4.2.1.3. Savoury Biscuits
6.2.4.3. Mexico
6.2.4.3.1. By Product Type (Value)
6.2.4.3.1.1. Crackers
6.2.4.3.1.2. Sweet Biscuits
6.2.4.3.1.3. Savoury Biscuits
7. Europe Biscuits Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Product Type (Value)
7.2.1.1. Crackers
7.2.1.2. Sweet Biscuits
7.2.1.3. Savoury Biscuits
7.2.2. By Flavour (Value)
7.2.2.1. Plain
7.2.2.2. Chocolate
7.2.2.3. Cheese
7.2.2.4. Fruit & Nut
7.2.2.5. Others (Sour cream, Spiced)
7.2.3. By Distribution Channel (Value)
7.2.3.1. Hypermarkets/Supermarkets
7.2.3.2. Specialty Stores
7.2.3.3. Independent Bakeries
7.2.3.4. Online
7.2.4. By Country (Value)
7.2.4.1. Germany
7.2.4.1.1. By Product Type (Value)
7.2.4.1.1.1. Crackers
7.2.4.1.1.2. Sweet Biscuits
7.2.4.1.1.3. Savoury Biscuits
7.2.4.2. France
7.2.4.2.1. By Product Type (Value)
7.2.4.2.1.1. Crackers
7.2.4.2.1.2. Sweet Biscuits
7.2.4.2.1.3. Savoury Biscuits
7.2.4.3. Italy
7.2.4.3.1. By Product Type (Value)
7.2.4.3.1.1. Crackers
7.2.4.3.1.2. Sweet Biscuits
7.2.4.3.1.3. Savoury Biscuits
7.2.4.4. U.K.
7.2.4.4.1. By Product Type (Value)
7.2.4.4.1.1. Crackers
7.2.4.4.1.2. Sweet Biscuits
7.2.4.4.1.3. Savoury Biscuits
7.2.4.5. Spain
7.2.4.5.1. By Product Type (Value)
7.2.4.5.1.1. Crackers
7.2.4.5.1.2. Sweet Biscuits
7.2.4.5.1.3. Savoury Biscuits
7.2.4.6. Rest of Europe
7.2.4.6.1. By Product Type (Value)
7.2.4.6.1.1. Crackers
7.2.4.6.1.2. Sweet Biscuits
7.2.4.6.1.3. Savoury Biscuits
8. Asia Pacific Biscuits Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Product Type (Value)
8.2.1.1. Crackers
8.2.1.2. Sweet Biscuits
8.2.1.3. Savoury Biscuits
8.2.2. By Flavour (Value)
8.2.2.1. Plain
8.2.2.2. Chocolate
8.2.2.3. Cheese
8.2.2.4. Fruit & Nut
8.2.2.5. Others (Sour cream, Spiced)
8.2.3. By Distribution Channel (Value)
8.2.3.1. Hypermarkets/Supermarkets
8.2.3.2. Specialty Stores
8.2.3.3. Independent Bakeries
8.2.3.4. Online
8.2.4. By Country (Value)
8.2.4.1. China
8.2.4.1.1. By Product Type (Value)
8.2.4.1.1.1. Crackers
8.2.4.1.1.2. Sweet Biscuits
8.2.4.1.1.3. Savoury Biscuits
8.2.4.2. India
8.2.4.2.1. By Product Type (Value)
8.2.4.2.1.1. Crackers
8.2.4.2.1.2. Sweet Biscuits
8.2.4.2.1.3. Savoury Biscuits
8.2.4.3. Japan
8.2.4.3.1. By Product Type (Value)
8.2.4.3.1.1. Crackers
8.2.4.3.1.2. Sweet Biscuits
8.2.4.3.1.3. Savoury Biscuits
8.2.4.4. Australia
8.2.4.4.1. By Product Type (Value)
8.2.4.4.1.1. Crackers
8.2.4.4.1.2. Sweet Biscuits
8.2.4.4.1.3. Savoury Biscuits
8.2.4.5. Rest of Asia Pacific
8.2.4.5.1. By Product Type (Value)
8.2.4.5.1.1. Crackers
8.2.4.5.1.2. Sweet Biscuits
8.2.4.5.1.3. Savoury Biscuits
9. South America Biscuits Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Product Type (Value)
9.2.1.1. Crackers
9.2.1.2. Sweet Biscuits
9.2.1.3. Savoury Biscuits
9.2.2. By Flavour (Value)
9.2.2.1. Plain
9.2.2.2. Chocolate
9.2.2.3. Cheese
9.2.2.4. Fruit & Nut
9.2.2.5. Others (Sour cream, Spiced)
9.2.3. By Distribution Channel (Value)
9.2.3.1. Hypermarkets/Supermarkets
9.2.3.2. Specialty Stores
9.2.3.3. Independent Bakeries
9.2.3.4. Online
9.2.4. By Country (Value)
9.2.4.1. Brazil
9.2.4.1.1. By Product Type (Value)
9.2.4.1.1.1. Crackers
9.2.4.1.1.2. Sweet Biscuits
9.2.4.1.1.3. Savoury Biscuits
9.2.4.2. Argentina
9.2.4.2.1. By Product Type (Value)
9.2.4.2.1.1. Crackers
9.2.4.2.1.2. Sweet Biscuits
9.2.4.2.1.3. Savoury Biscuits
9.2.4.3. Rest of South America
9.2.4.3.1. By Product Type (Value)
9.2.4.3.1.1. Crackers
9.2.4.3.1.2. Sweet Biscuits
9.2.4.3.1.3. Savoury Biscuits
10. Middle East & Africa Biscuits Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Product Type (Value)
10.2.1.1. Crackers
10.2.1.2. Sweet Biscuits
10.2.1.3. Savoury Biscuits
10.2.2. By Flavour (Value)
10.2.2.1. Plain
10.2.2.2. Chocolate
10.2.2.3. Cheese
10.2.2.4. Fruit & Nut
10.2.2.5. Others (Sour cream, Spiced)
10.2.3. By Distribution Channel (Value)
10.2.3.1. Hypermarkets/Supermarkets
10.2.3.2. Specialty Stores
10.2.3.3. Independent Bakeries
10.2.3.4. Online
10.2.4. By Country (Value)
10.2.4.1. South Africa
10.2.4.1.1. By Product Type (Value)
10.2.4.1.1.1. Crackers
10.2.4.1.1.2. Sweet Biscuits
10.2.4.1.1.3. Savoury Biscuits
10.2.4.2. UAE
10.2.4.2.1. By Product Type (Value)
10.2.4.2.1.1. Crackers
10.2.4.2.1.2. Sweet Biscuits
10.2.4.2.1.3. Savoury Biscuits
10.2.4.3. Saudi Arabia
10.2.4.3.1. By Product Type (Value)
10.2.4.3.1.1. Crackers
10.2.4.3.1.2. Sweet Biscuits
10.2.4.3.1.3. Savoury Biscuits
10.2.4.4. Rest of Middle East & Africa
10.2.4.4.1. By Product Type (Value)
10.2.4.4.1.1. Crackers
10.2.4.4.1.2. Sweet Biscuits
10.2.4.4.1.3. Savoury Biscuits
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Biscuits Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
12. Company Profiles
12.1. Yıldız Holding
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. Mondelēz International
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. Kellogg Co.
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. ITC LIMITED
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Britannia Industries
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. Lotus Bakeries Corporate
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Campbell Soup Company
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. Nestlé
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. The Kraft Heinz Company
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. Ferrero
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
13. Strategic Recommendations

$4,850
$6,850

Research Assistance

US: 800.298.5699
Int'l: +1.240.747.3093
Live help
Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Other tasks

Cookie Settings