Global Hovercraft Market 2019-2024 | Industry Analysis by Growth Potential, Types, Applications, Rising Trends and Forecast to 2024 – Industry

Posted on Nov 9 2019 3:07 PM

"Hovercraft Industry 2019 Market Research Report analyzed in detail with all the vital data to frame tactical business judgments and propose strategic growth plans. This report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. "

The “Hovercraft Market” report 2019 delivers detailed profiles of key players with latest investigation and highlights the rising opportunities and difficulties looked by Hovercraft market. The report examines the market status depending up on its CAGR, latest trends, market dynamics, growth rate, opportunities and forecast details. Hovercraft market research study is significant for manufacturers in the Hovercraft market, including industry stakeholders, distributors, suppliers, and investors, and it can also help them understand applicable strategies to grow in the Hovercraft market.

Hovercraft Market Report Covers the Manufacturers:

  • Aerohod
  • AirLift Hovercraft
  • Hov Pod
  • Griffon Hoverwork Ltd
  • Textron Inc.
  • Garden Reach Shipbuilders & Engineers Ltd
  • Hovertechnics LLC
  • Ivanoff Hovercraft AB
  • Neoteric Hovercraft Inc.
  • BBV Hovercraft
  • The British Hovercraft Company
  • Universal Hovercraft

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Market Overview:

  • The hovercraft market is anticipated to register a CAGR of approximately 0.3% during the forecast period.
  • - The heavy load carrying capacity of the large hovercraft enables the armed forces to transport troops, military supplies, and equipment to carry out humanitarian assistance, rescue, and disaster relief missions. Such growing applications of hovercraft may propel the growth of the market during the forecast period.
  • - The advantage of hovercraft for traveling over shallow waters and terrains, irrespective of water current direction, and the costs saved in building separate harbors for these vehicles are major factors generating the demand for hovercraft during the forec

Scope of the Report:

  • A hovercraft (an air-cushion vehicle) is an amphibious craft that can travel over land, water, ice, mud, and other surfaces. The market study includes commercial and military hovercraft. The search and rescue missions and transportation of troops and military equipment are included in the military segment of the market.

Reasons for Buying Hovercraft Market Report:

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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Hovercraft Market Report Provides Comprehensive Analysis of:

  • Functional market industry outline
  • Up and downstream industry examination
  • Channels and propositions believability
  • Market challenge by key players
  • Enhancement suggestions examination

Key Market Trends:

The Military Segment is Expected to Experience the Highest Growth During the Forecast Period

The military segment of the market is expected to register the highest CAGR during the forecast period. There has been increasing instances of territorial water zone disputes between countries and other security concerns for sea trade across the world. This led to an increasing emphasis on maritime security. This makes several countries, globally, to invest in the amphibian landing vessels, like hovercraft. Several naval forces across the world are operating these vehicles to carry troops from ships to land and to deploy them for patrolling the territorial waters. With many countries in the world sharing their borders with seas, an increase in the necessity for maritime security and patrol, search, and rescue operations, the military hovercraft market is expected to grow during the forecast period.

Asia-Pacific is Expected to Experience the Highest Growth During the Forecast Period

Countries in Asia-Pacific are facing territorial water zone disputes, as well as terror attacks, which have forced several countries in this region to enhance their maritime capabilities. Due to this, countries like China, India, Japan, and Indonesia, among others, are using hovercraft for border security along the borders. China has deployed patrol missions at the Xingkai Lake, a China-Russia border lake. Additionally, India announced its plans to deploy a fleet of hovercraft at Rann of Kutch for guarding the international border with Pakistan. Such initiatives by the countries with water border are propelling the growth of hovercraft market.

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Detailed TOC of Hovercraft Market Report 2019-2024:

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5.1 End User
5.1.1 Military
5.1.2 Commercial
5.2 Geography
5.2.1 North America
5.2.2 Latin America
5.2.3 Europe
5.2.4 Asia-Pacific
5.2.5 Middle East & Africa

6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Aerohod
6.2.2 AirLift Hovercraft
6.2.3 Hov Pod
6.2.4 Griffon Hoverwork Ltd
6.2.5 Textron Inc.
6.2.6 Garden Reach Shipbuilders & Engineers Ltd
6.2.7 Hovertechnics LLC
6.2.8 Ivanoff Hovercraft AB
6.2.9 Neoteric Hovercraft Inc.
6.2.10 BBV Hovercraft
6.2.11 The British Hovercraft Company
6.2.12 Universal Hovercraft*



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