Market Overview:
The global air-cushion vessel market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for recreational air-cushion vessels, rising applications of air-cushion vessels in commercial and military sectors, and technological advancements in the manufacturing of air-cushion vessels. On the basis of type, the skirted air cushion vehicles segment is expected to account for a larger share of the global market during the forecast period. This can be attributed to their high efficiency and superior performance as compared with other types of air cushion vehicles.
Product Definition:
An air-cushion vessel, or ACV, is a type of watercraft that uses a cushion of air to support itself on the water's surface. This allows the vessel to travel at high speeds and with minimal drag. Air-cushion vessels are used for transportation, military purposes, and research.
Skirted Air-cushion Vehicles:
Skirted air-cushion vehicles (SAV) are small passenger cars that have a cushion of compressed air between the tires and the road. The primary function of SAV is to reduce the rolling resistance, thereby reducing fuel consumption in comparison with conventional automobiles. Skirted vehicles can be used as substitutes for traditional bicycles, which also has been one of its major market drivers.
Sidewall Air-cushion Vehicles:
Sidewall air-cushion vehicles (SCV) are used to reduce the rolling resistance of a vehicle and help in improving fuel efficiency. The SCVs can be installed on the exterior or interior side of a vehicle. They are made up of materials such as rubber, urethane, polyester fabric etc., which work as an air-cushion to reduce the rolling resistance caused due to friction between tires and road surface.
Application Insights:
The recreational application segment led the global air-cushion vessel market and accounted for more than 50.0% share of the total revenue in 2017. Increasing leisure activities among people, especially in countries such as China, India and Australia is expected to drive demand for these vessels over the forecast period. In addition, governments are taking initiatives to promote tourism by building new destinations with unique experiences such as floating hotels near popular tourist destinations or cruise ships on lakes and reservoirs. This is likely to increase product demand during recreational trips.
Rising awareness about personal safety among consumers regarding rescue operations at sea is projected to fuel product demand during rescue missions over the forecast period owing to its ability of vertical take off and landing (VTOL). Moreover, growing maritime trade across major waterways in Asia Pacific coupled with increasing offshore oil & gas exploration activities has increased need for marine based rescues which further drives product adoption during marine based evacuations leading to higher market penetration throughout Asia Pacific region over the forecast period.
Regional Analysis:
North America dominated the global air-cushion vessel market in 2017. The region is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing military and commercial application of AAVs. Furthermore, rising popularity of watersports in North America is anticipated to fuel product demand during the forecast period.
The Asia Pacific regional market for air-cushion vessels is anticipated to grow at a significant rate over the forecast period owing to increasing government initiatives for marine safety and recreational activities along with rapid development in water sports industry across countries such as China, India, Thailand, South Korea and Australia. These factors are projecteded drive product demand during the estimated time span. Moreover, presence of key manufacturers including inflatable boat manufacturer Inflatable Boat Co., Ltd., Shanghai Jiaxing R&D Institute (JSR), Ningbo Xingrenshan Sports Equipment Co., Ltd.
Growth Factors:
- Increasing demand for air-cushion vessels from the defense sector as they are used to transport military tanks, artillery guns, and other equipment.
- Growing popularity of air-cushion vessels in the commercial sector for transportation of goods and passengers over short to medium distances.
- Development of advanced air-cushion technologies that offer improved performance and efficiency.
- Rising investments by governments and private companies in R&D activities for development of new applications for air-cushion vessels technology.
Scope Of The Report
Report Attributes
Report Details
Report Title
Air-cushion Vessel Market Research Report
By Type
Skirted Air-cushion Vehicles, Sidewall Air-cushion Vehicles
By Application
Recreational, Rescue, Commercial, Military
By Companies
Aerohod, ALMAZ, Griffon Hoverwork, Christy Hovercraft, China Hovercraft Ltd, Neoteric Hovercraft, The British Hovercraft Company, Jedy Hovercraft, Hovertechnics, Viper Hovercraft, Aerohod, Vanair Hovercraft, Mercier-Jones, Hoverstream
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Air-cushion Vessel Market Report Segments:
The global Air-cushion Vessel market is segmented on the basis of:
Types
Skirted Air-cushion Vehicles, Sidewall Air-cushion Vehicles
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Recreational, Rescue, Commercial, Military
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aerohod
- ALMAZ
- Griffon Hoverwork
- Christy Hovercraft
- China Hovercraft Ltd
- Neoteric Hovercraft
- The British Hovercraft Company
- Jedy Hovercraft
- Hovertechnics
- Viper Hovercraft
- Aerohod
- Vanair Hovercraft
- Mercier-Jones
- Hoverstream
Highlights of The Air-cushion Vessel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Skirted Air-cushion Vehicles
- Sidewall Air-cushion Vehicles
- By Application:
- Recreational
- Rescue
- Commercial
- Military
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air-cushion Vessel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Air-cushion vessels are devices that use air pressure to cushion people or objects from impact.
Some of the key players operating in the air-cushion vessel market are Aerohod, ALMAZ, Griffon Hoverwork, Christy Hovercraft, China Hovercraft Ltd, Neoteric Hovercraft, The British Hovercraft Company, Jedy Hovercraft, Hovertechnics, Viper Hovercraft, Aerohod, Vanair Hovercraft, Mercier-Jones, Hoverstream.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air-cushion Vessel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Air-cushion Vessel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air-cushion Vessel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Air-cushion Vessel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Air-cushion Vessel Market Size & Forecast, 2018-2028
4.5.1 Air-cushion Vessel Market Size and Y-o-Y Growth
4.5.2 Air-cushion Vessel Market Absolute $ Opportunity
Chapter 5 Global Air-cushion Vessel Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Air-cushion Vessel Market Size Forecast by Type
5.2.1 Skirted Air-cushion Vehicles
5.2.2 Sidewall Air-cushion Vehicles
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Air-cushion Vessel Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Air-cushion Vessel Market Size Forecast by Applications
6.2.1 Recreational
6.2.2 Rescue
6.2.3 Commercial
6.2.4 Military
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air-cushion Vessel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air-cushion Vessel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Air-cushion Vessel Analysis and Forecast
9.1 Introduction
9.2 North America Air-cushion Vessel Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Air-cushion Vessel Market Size Forecast by Type
9.6.1 Skirted Air-cushion Vehicles
9.6.2 Sidewall Air-cushion Vehicles
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Air-cushion Vessel Market Size Forecast by Applications
9.10.1 Recreational
9.10.2 Rescue
9.10.3 Commercial
9.10.4 Military
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Air-cushion Vessel Analysis and Forecast
10.1 Introduction
10.2 Europe Air-cushion Vessel Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Air-cushion Vessel Market Size Forecast by Type
10.6.1 Skirted Air-cushion Vehicles
10.6.2 Sidewall Air-cushion Vehicles
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Air-cushion Vessel Market Size Forecast by Applications
10.10.1 Recreational
10.10.2 Rescue
10.10.3 Commercial
10.10.4 Military
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Air-cushion Vessel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Air-cushion Vessel Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Air-cushion Vessel Market Size Forecast by Type
11.6.1 Skirted Air-cushion Vehicles
11.6.2 Sidewall Air-cushion Vehicles
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Air-cushion Vessel Market Size Forecast by Applications
11.10.1 Recreational
11.10.2 Rescue
11.10.3 Commercial
11.10.4 Military
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Air-cushion Vessel Analysis and Forecast
12.1 Introduction
12.2 Latin America Air-cushion Vessel Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Air-cushion Vessel Market Size Forecast by Type
12.6.1 Skirted Air-cushion Vehicles
12.6.2 Sidewall Air-cushion Vehicles
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Air-cushion Vessel Market Size Forecast by Applications
12.10.1 Recreational
12.10.2 Rescue
12.10.3 Commercial
12.10.4 Military
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Air-cushion Vessel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Air-cushion Vessel Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Air-cushion Vessel Market Size Forecast by Type
13.6.1 Skirted Air-cushion Vehicles
13.6.2 Sidewall Air-cushion Vehicles
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Air-cushion Vessel Market Size Forecast by Applications
13.10.1 Recreational
13.10.2 Rescue
13.10.3 Commercial
13.10.4 Military
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air-cushion Vessel Market: Competitive Dashboard
14.2 Global Air-cushion Vessel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aerohod
14.3.2 ALMAZ
14.3.3 Griffon Hoverwork
14.3.4 Christy Hovercraft
14.3.5 China Hovercraft Ltd
14.3.6 Neoteric Hovercraft
14.3.7 The British Hovercraft Company
14.3.8 Jedy Hovercraft
14.3.9 Hovertechnics
14.3.10 Viper Hovercraft
14.3.11 Aerohod
14.3.12 Vanair Hovercraft
14.3.13 Mercier-Jones
14.3.14 Hoverstream
