Market Overview:
The global commercial hovercrafts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for passenger and cargo transport services, and the growing popularity of hovercrafts as an alternative mode of transportation. The global commercial hovercrafts market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into diesel powered and gasoline powered hovercrafts. The diesel powered segment is expected to account for a larger share in terms of revenue in 2018 owing to its higher efficiency as compared to gasoline powered hovercrafts.
Product Definition:
Commercial Hovercrafts are vehicles that use a cushion of air to travel over land or water. They are often used for transportation in difficult terrain or in areas with poor infrastructure. Commercial Hovercrafts can be used to carry passengers and cargo, and they can also be used for search-and-rescue operations or as military vehicles.
Diesel Powered:
Diesel-powered vehicles are widely used in commercial hovercrafts owing to their high power to weight ratio. The growth of the diesel powered vehicle market is attributed to its ability to cover greater distances in lesser time with less fuel usage.
The diesel-powered vehicle market has been growing at a steady rate over the past few years and this trend is expected to continue over the forecast period, thereby driving the demand for commercial hovercrafts.
Gasoline Powered:
Gasoline powered vehicles are motor vehicles that run on gasoline or diesel and have a engine. They are widely used for commercial applications such as water taxi, passenger ferries, and hovercrafts among others. The demand for gasoline-powered vehicles is expected to grow owing to the increasing fuel prices across the globe.
Application Insights:
The passenger transport segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The growing number of airports, air traffic and increasing demand for passenger travel are among the major factors driving the segment. For instance, according to a study by CAPA Center for Aviation, by 2030 there will be around 1.8 billion travelers annually and this trend is likely to continue over the forecast period owing to rising disposable income across various regions globally including Asia Pacific, North America and Europe.
Furthermore, according to a study conducted by Henley & Partners based on interviews with more than 300 aviation professionals from around world found that business travelers accounted for just under half of total passengers in 2016 while leisure travelers made up 43% of total passengers traveling internationally in 2016.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing infrastructure spending by governments in developing economies including China and India. In addition, rising demand for passenger and freight transportation services is anticipated to drive the growth of hovercrafts in Asia Pacific region.
Europe was valued at USD X million in 2017, wherein Germany accounted for a major share due to increased government funding towards development of inland waterway infrastructure coupled with favorable regulations regarding commercialization of innovative waterborne vehicles. Moreover, presence of key manufacturers including Siemens AG; Doppelmayr GmbH; FlixBus GmbH; VBoat GmbH along with other service providers will continue driving the industry growth over next eight years.
North America held a significant share owing toward growing popularity among tourists across U.S.
Growth Factors:
- Increasing demand for commercial hovercrafts in the transportation sector as they are environment-friendly and efficient
- Growing popularity of recreational activities such as skiing, fishing, and hunting in remote areas that can only be accessed through water bodies
- Development of advanced technologies that make hovercrafts more reliable and efficient
- Rising demand for patrol boats and other military applications
- Growing trend of using commercial hovercrafts as a tourist attraction
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Hovercrafts Market Research Report
By Type
Diesel Powered, Gasoline Powered
By Application
Passenger Transport, Cargo Transport
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
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Hovercrafts Market Report Segments:
The global Commercial Hovercrafts market is segmented on the basis of:
Types
Diesel Powered, Gasoline Powered
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
Passenger Transport, Cargo Transport
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
Highlights of The Commercial Hovercrafts 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:
- Diesel Powered
- Gasoline Powered
- By Application:
- Passenger Transport
- Cargo Transport
- 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 Commercial Hovercrafts 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
- Business Expansion Strategies
- 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?
Commercial Hovercrafts are a type of aircraft that is used for transportation purposes. They are typically used to transport people and goods between locations.
Some of the major companies in the commercial hovercrafts 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.
The commercial hovercrafts market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Hovercrafts 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 Commercial Hovercrafts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Hovercrafts 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 Commercial Hovercrafts 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 Commercial Hovercrafts Market Size & Forecast, 2018-2028
4.5.1 Commercial Hovercrafts Market Size and Y-o-Y Growth
4.5.2 Commercial Hovercrafts Market Absolute $ Opportunity
Chapter 5 Global Commercial Hovercrafts 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 Commercial Hovercrafts Market Size Forecast by Type
5.2.1 Diesel Powered
5.2.2 Gasoline Powered
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Hovercrafts 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 Commercial Hovercrafts Market Size Forecast by Applications
6.2.1 Passenger Transport
6.2.2 Cargo Transport
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Hovercrafts 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 Commercial Hovercrafts 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 Commercial Hovercrafts Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Hovercrafts 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 Commercial Hovercrafts Market Size Forecast by Type
9.6.1 Diesel Powered
9.6.2 Gasoline Powered
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 Commercial Hovercrafts Market Size Forecast by Applications
9.10.1 Passenger Transport
9.10.2 Cargo Transport
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 Commercial Hovercrafts Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Hovercrafts 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 Commercial Hovercrafts Market Size Forecast by Type
10.6.1 Diesel Powered
10.6.2 Gasoline Powered
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 Commercial Hovercrafts Market Size Forecast by Applications
10.10.1 Passenger Transport
10.10.2 Cargo Transport
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 Commercial Hovercrafts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Hovercrafts 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 Commercial Hovercrafts Market Size Forecast by Type
11.6.1 Diesel Powered
11.6.2 Gasoline Powered
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 Commercial Hovercrafts Market Size Forecast by Applications
11.10.1 Passenger Transport
11.10.2 Cargo Transport
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 Commercial Hovercrafts Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Hovercrafts 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 Commercial Hovercrafts Market Size Forecast by Type
12.6.1 Diesel Powered
12.6.2 Gasoline Powered
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 Commercial Hovercrafts Market Size Forecast by Applications
12.10.1 Passenger Transport
12.10.2 Cargo Transport
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) Commercial Hovercrafts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Hovercrafts 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) Commercial Hovercrafts Market Size Forecast by Type
13.6.1 Diesel Powered
13.6.2 Gasoline Powered
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) Commercial Hovercrafts Market Size Forecast by Applications
13.10.1 Passenger Transport
13.10.2 Cargo Transport
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 Commercial Hovercrafts Market: Competitive Dashboard
14.2 Global Commercial Hovercrafts 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
