Allied Market Research

2024

Rescue Hovercrafts Market

Rescue Hovercrafts Market Size, Share, Competitive Landscape and Trend Analysis Report by Propulsion (Diesel Powered, Gasoline Powered) and by Application (Inland Lakes Rivers, Inshore Coastal, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Lalit Janardhan Katare
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Rescue Hovercrafts Market Outlook – 2027

Rescue hovercrafts are very useful for flood, mud, and ice rescues where it is impossible to use a boat. 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 propel growth of the market. Advantage of hovercraft for traveling over shallow waters and terrains, irrespective of water current direction, and costs saved in building separate harbors for these vehicles are major factors expected to propel the demand for hovercraft during the forecast period.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Application, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific),  and LAMEA (Latin America, Middle East, and Africa)

  Companies covered

Griffon Hoverwork, Christy Hovercraft, Neoteric Hovercraft, The British Hovercraft Company, China Hovercraft Ltd, Viper Hovercraft, Jedy Hovercraft, Hovertechnics, Textron Inc., and Garden Reach Shipbuilders & Engineers Ltd

 

COVID-19 scenario analysis:

  • COVID 19 is one of the most severe public health and economic crisis the world has ever faced in the 21st century.
  • Sweeping loss of human lives and labor productivity is expected to impact various sectors and general lifestyle over the period.
  • The combination of safety policies ranging from social distancing to lockdown all over the country has completely stopped production and consumption activities for an uncertain period.
  • All modes of transport are suffering severe losses, owing to their limited operability during the lockdown plus the military and heavy load caring carriers as well.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis 

Rise in the development of technologically advanced & lightweight hovercraft and the usage of hovercraft on both land and water are expected to spur the demand over the forecast period. However, the lack of standardized and uniform technologies is anticipated to hamper the growth of the market. Furthermore, designing and developing connected vehicles compatible with its, public-private partnership ecosystem and open data movement are expected to offer lucrative opportunities for the market in the forecast period.

The rescue hovercrafts market trends are as follows:

Development of technologically advanced and lightweight hovercrafts

Rescue hovercraft manufacturers are focus on designing technologically advanced and lightweight hovercrafts that have high speeds and better maneuverability characteristics. In addition, a greater number of governments in developed economies are attracted to buy hovercrafts with lightweight and upgraded technologies for disaster relief, coastguard, military, and survey applications. Hence, this would further increase demand for hovercrafts for rescue purposes and promote the growth of the rescue hovercraft market during the forecast period.

Use of hovercraft on both land and water 

Hovercraft is unique to understand the principles of high air pressure below hulls and wings as they can lift themselves while still, differing from ground effect vehicles and hydrofoils, which require forward motion to create a lift. Hence,  hovercrafts are operatable on both land and water, which makes it unique. In addition, rescue hovercrafts are designed in a way that they can reach those areas where conventional vehicles cannot be used. In addition, they are most commonly used for exploring narrow waterways where conventional motorboats cannot reach such as military services, survey work, and oil spill cleanup. Hence, owing to this the demand for hovercrafts is anticipated to increase over the coming years.

Key segments covered:               

Segments

Subsegments

  Type

  • Diesel Powered
  • Gasoline Powered

  Application

  • Inland Lakes & Rivers
  • Inshore Coastal

 

Key benefits of the report:

  • This study presents the analytical depiction of the rescue hovercrafts market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the rescue hovercrafts market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the rescue hovercrafts market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed rescue hovercrafts market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the rescue hovercrafts market research report:

  • Which are the leading market players active in the rescue hovercrafts market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the rescue hovercrafts market?
  • What are the projections for the future that would help in taking further strategic steps?

Rescue Hovercrafts Market Report Highlights

Aspects Details
Rescue Hovercrafts Market By Propulsion
By Propulsion
  • Diesel Powered
  • Gasoline Powered
Rescue Hovercrafts Market By Application
By Application
  • Inland Lakes & Rivers
  • Inshore Coastal
  • Others
Rescue Hovercrafts Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

Griffon Hoverwork, Jedy Hovercraft, Viper Hovercraft, The British Hovercraft Company, China Hovercraft Ltd, Garden Reach Shipbuilders & Engineers Ltd, Textron Inc., Neoteric Hovercraft, Hovertechnics, Christy Hovercraft

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Rescue Hovercrafts Market

Global Opportunity Analysis and Industry Forecast, 2023-2032