Market Overview:
The global recreational hovercrafts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for leisure and tourism activities, rising disposable income of consumers, and technological advancements in the recreational hovercrafts industry. The global recreational 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 recreational hovercrafts. The diesel powered segment is expected to hold a larger share in terms of revenue in 2018 as compared to gasoline powered Recreational Hover crafts owing to their high efficiency and low emissions levels as compared with gasoline-powered Recreational Hover crafts . However , t he gaso line-powe red r ecreational h overc raft s segm ent i s expec ted t o gr ow at a hig her c agr du ri ng th e for ecas t per iod . O n th e basi s o f app licat ion , th e mark et i s segmen ted int o tou ris ts an d rac ing applicat ions .
Product Definition:
A recreational hovercraft is a small, lightweight craft that is designed for use on water or land. It typically has a low-pressure air cushion that supports the craft and its passengers. Recreational hovercrafts are used for recreation and as a mode of transportation. They are important because they provide an affordable and fun way to travel on water or land.
Diesel Powered:
Diesel-powered vehicles are motor vehicles that run on diesel as their primary source of fuel. The most common types of diesel-powered vehicles include cars, trucks, buses, and recreational hovercrafts. Diesel power is gaining popularity in the market owing to its benefits such as improved performance over electric or hybrid systems and a high torque output for better mobility in all weather conditions.
Gasoline Powered:
Gasoline powered vehicles are motor vehicles that run on gasoline or diesel and the internal combustion engine. The gasoline-powered vehicle uses an engine to convert the fuel into energy, which is then used to power various parts of the vehicle. These types of vehicles have a wide range of applications in different end-user industries such as transportation, construction, agriculture and others.
Application Insights:
The tourist application segment accounted for the largest revenue share of over 50% in 2017. Over the past few years, this mode of transport has gained significant popularity among adventure enthusiasts as well as families who wish to travel together on a vacation. The hovercraft is considered to be a safe and convenient way to explore lakes, rivers and other waterways that are otherwise inaccessible due to shallow waters or strong currents. These recreational vehicles offer an authentic experience with state-of-the-art amenities while traveling through scenic locations at affordable costs.
Racing applications are expected to witness substantial growth over the forecast period owing to increasing participation in national and international racing events by manufacturers from around the world.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing popularity of watercraft as a recreational activity and presence of major manufacturers such as amphibious vehicles GmbH, Deltra Inc., and hovercraft International Ltd. In addition, European countries have some of the most picturesque landscapes that can be explored only by water based activities such as boating and recreational flying. This factor is anticipated to bode well for regional growth during the forecast period.
Asia Pacific region is projected to witness significant growth over the coming years due to rise in disposable income especially among middle-class population groups coupled with growing tourism industry mainly driven by domestic tourists from China, Japan, India, Australia etc.). These factors are expected drive demand for various types of recreational watercraft including hovercrafts which will propel regional market growth during the estimated time span.
Growth Factors:
- Increasing demand for recreational hovercrafts from the tourism sector as it offers a unique experience to tourists.
- Growing popularity of hovercraft racing as a sport is also propelling the growth of the recreational hovercrafts market.
- Increasing demand for personal transportation vehicles, especially in developing countries, is fueling the growth of this market.
- Rising awareness about the benefits of using recreational hovercrafts is contributing to its growth globally.
- Technological advancements in recreational hovercrafts are providing new opportunities for players operating in this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Recreational Hovercrafts Market Research Report
By Type
Diesel Powered, Gasoline Powered
By Application
Tourist, Racing
By Companies
Christy Hovercraft, China Hovercraft Ltd, Neoteric Hovercraft, The British Hovercraft Company, Hovertechnics, Viper Hovercraft, Mercier-Jones, Hoverstream, Christy 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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Recreational Hovercrafts Market Report Segments:
The global Recreational 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
Tourist, Racing
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:
- Christy Hovercraft
- China Hovercraft Ltd
- Neoteric Hovercraft
- The British Hovercraft Company
- Hovertechnics
- Viper Hovercraft
- Mercier-Jones
- Hoverstream
- Christy Hovercraft
Highlights of The Recreational 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:
- Tourist
- Racing
- 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 Recreational 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
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- Consumer Insights
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- 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?
Recreational Hovercrafts are a type of watercraft that uses an air cushion to provide lift and propel the craft forward. They are typically used for recreation, such as fishing, skiing, or cruising.
Some of the major players in the recreational hovercrafts market are Christy Hovercraft, China Hovercraft Ltd, Neoteric Hovercraft, The British Hovercraft Company, Hovertechnics, Viper Hovercraft, Mercier-Jones, Hoverstream, Christy Hovercraft.
The recreational 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 Recreational 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 Recreational Hovercrafts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Recreational 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 Recreational 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 Recreational Hovercrafts Market Size & Forecast, 2018-2028
4.5.1 Recreational Hovercrafts Market Size and Y-o-Y Growth
4.5.2 Recreational Hovercrafts Market Absolute $ Opportunity
Chapter 5 Global Recreational 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 Recreational 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 Recreational 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 Recreational Hovercrafts Market Size Forecast by Applications
6.2.1 Tourist
6.2.2 Racing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Recreational 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 Recreational 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 Recreational Hovercrafts Analysis and Forecast
9.1 Introduction
9.2 North America Recreational 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 Recreational 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 Recreational Hovercrafts Market Size Forecast by Applications
9.10.1 Tourist
9.10.2 Racing
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 Recreational Hovercrafts Analysis and Forecast
10.1 Introduction
10.2 Europe Recreational 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 Recreational 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 Recreational Hovercrafts Market Size Forecast by Applications
10.10.1 Tourist
10.10.2 Racing
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 Recreational Hovercrafts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Recreational 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 Recreational 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 Recreational Hovercrafts Market Size Forecast by Applications
11.10.1 Tourist
11.10.2 Racing
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 Recreational Hovercrafts Analysis and Forecast
12.1 Introduction
12.2 Latin America Recreational 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 Recreational 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 Recreational Hovercrafts Market Size Forecast by Applications
12.10.1 Tourist
12.10.2 Racing
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) Recreational Hovercrafts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Recreational 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) Recreational 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) Recreational Hovercrafts Market Size Forecast by Applications
13.10.1 Tourist
13.10.2 Racing
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 Recreational Hovercrafts Market: Competitive Dashboard
14.2 Global Recreational Hovercrafts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Christy Hovercraft
14.3.2 China Hovercraft Ltd
14.3.3 Neoteric Hovercraft
14.3.4 The British Hovercraft Company
14.3.5 Hovertechnics
14.3.6 Viper Hovercraft
14.3.7 Mercier-Jones
14.3.8 Hoverstream
14.3.9 Christy Hovercraft
