Small hovercraft for sale9/13/2023 The rest of Europe includes countries such as Sweden the Netherlands, Belgium, and others. The hovercraft market in Europe is analyzed across the UK, Germany, France, Italy, and rest of Europe. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA. By end use, it is categorized into passenger transport & tourism, cargo transportation, defense, search & rescue, and others. By size, it is fragmented into less than 10m, between 10m & 20m, and greater than 20m. By propulsion, it is classified into diesel powered, gasoline powered, and others. The hovercraft market is segmented on the basis of propulsion, size, end use, and region. Such advancements in hovercraft are expected to provide growth opportunities for market player in near future. The new hovercraft has payload capacity of up to 750 kg and seating capacity of up to 9 persons. For instance, in 2021, British Hovercraft company in a collaboration with Keith Smallwood of Vortex Hovercraft Services, launched a new BHC700/750D hovercraft to extend its product portfolio. In addition, hovercraft manufacturers are launching new technologically advanced hovercrafts in the market. Hovercraft manufacturers are focusing on reducing noise from the hovercrafts and increasing their payload capacity. Furthermore, technological advancements and growing demand from emerging countries are the factors expected to offer growth opportunities during the forecast period.Īt present, hovercraft manufacturers are focusing on developing technologically advanced and lightweight hovercrafts. However, high initial cost of hovercraft, operational limitations, and high maintenance costs are the factors hampering the growth of the market. The global hovercraft market is growing due to rise in investment in defense sector, increase in the demand for commercial application, and its growing adoption for recreational purposes. In addition, hovercrafts are available in different variants ranging from small rescue hovercraft to giant passenger ferries. A hovercraft supports its weight on a high-pressure air cushion that is maintained with the aid of one or more horizontal fans. It is also referred as an air-cushion vehicle. Hovercraft is a vehicle, which has the ability to travel over mud, water, land, and ice. The global hovercraft market was valued at $224 million in 2021, and is projected to reach $331.5 million by 2031, growing at a CAGR of 4.1% from 2022 to 2031.
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