Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Cargo Hovercraft Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.1% during the review period (2022 to 2027), Reaching a market value of USD 170.6 million by 2027.
Cargo Hovercraft Market Overview:
The big Cargo Hovercraft's huge load-carrying capability allows the armed services to transport personnel, military supplies, and equipment for humanitarian help, rescue, and disaster relief missions. The expanding commercial applications of Cargo Hovercraft, as well as their growing usage for recreational purposes, are driving the market's growth during the projected period.The increasing applications of Cargo hovercraft in the commercial sector and growing adoption for recreational purposes are accelerating the growth of the market during the forecast period.
Who are the Major Players in Cargo Hovercraft Market?
The Cargo Hovercraft Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes: Aerohod, Viper Hovercraft, ALMAZ, Christy Hovercraft, China Hovercraft Ltd, Griffon Hoverwork, Jedy Hovercraft, Neoteric Hovercraft, Hovertechnics, The British Hovercraft Company, Mariah Hovercraft, Hoverstream, Mercier-Jones, Vanair Hovercraft and Others.
Industry News:
Esperanto Technologies Partners with Intel to Advance Massively Parallel RISC-V-based AI Acceleration Solutions
MOUNTAIN VIEW, Calif., February 7, 2022 – Esperanto Technologies™, the leading developer of high-performance, energy-efficient artificial intelligence (AI) inference accelerators based on the RISC-V instruction set, today announced that the company is entering a strategic partnership with Intel to advance its massively parallel RISC-V-based AI acceleration solutions. As part of the partnership, Esperanto Technologies plans to use Intel Foundry Services (“IFS”) silicon and chiplet packaging technologies to advance its RISC-V-based technology and deliver its massively parallel AI acceleration silicon solutions spanning from cloud to edge.
October 2021, Christy Hovercraft announced that the company delivered two Christy 463PC to the Border Police of the Republic of Moldova. The procurement was a part of the European Union for border security, a joint project between the Republic of Moldova and Ukraine supported by the European Union. The estimated cost of the hovercraft is over EUR 126 thousand.
What are the major Applications, Types and Regions for Cargo Hovercraft Market?
By Type, it is segmented into
- Skirted Rescue Hovercraft
- Sidewall Rescue Hovercraft
By Applications it is segmented into
Cargo Hovercraft Market Regional Analysis
Europe is expected to grow the most throughout the forecast period. The Europe region is predicted to expand the most during the forecast period, owing to growing adoption of cargo hovercraft from both commercial and military end-users as a result of possibilities deriving from a higher level of life and the consequences of climate change. The region's law enforcement and border forces are employing commodities transit, surveillance and rescue, and counter-narcotics efforts. The Russian Ministry lists high-priority transport goals in the Arctic region that include the all-season delivery of supplies to ice-resistant platforms on the continental shelf, primarily gas-drilling rigs in the Gulf of Ob, freight deliveries via various size rivers and in coastal sea regions, and unloading freight from supply ships anchored at roadsteads. The Russian Ministry of Transport lists high-priority transport goals in the Arctic region, including all-season supply delivery to ice-resistant platforms on the continental shelf, primarily gas-drilling rigs in the Gulf of Ob, freight deliveries via various size rivers and coastal sea regions, and unloading freight from supply ships anchored at roadsteads.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Cargo Hovercraft Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Cargo Hovercraft Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Cargo Hovercraft Market Report Scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 3.1% during the review period (2022 to 2027).
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By Type
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- Skirted Rescue Hovercraft
- Sidewall Rescue Hovercraft
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By Application
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By Companies
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Aerohod, Viper Hovercraft, ALMAZ, Christy Hovercraft, China Hovercraft Ltd, Griffon Hoverwork, Jedy Hovercraft, Neoteric Hovercraft, Hovertechnics, The British Hovercraft Company, Mariah Hovercraft, Hoverstream, Mercier-Jones, Vanair Hovercraft and Others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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134
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Cargo Hovercraft Report
- Evaluate Cargo Hovercraft market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Cargo Hovercraft market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Cargo Hovercraft Market is studied from 2017 - 2027.
What is the growth rate of Cargo Hovercraft Market?
The Cargo Hovercraft Market is growing at a CAGR of 3.1% over the next 5 years.
Who are the leading key players in Cargo Hovercraft Market?
Aerohod, Viper Hovercraft, ALMAZ, Christy Hovercraft, China Hovercraft Ltd, Griffon Hoverwork, Jedy Hovercraft, Neoteric Hovercraft, Hovertechnics, The British Hovercraft Company, Mariah Hovercraft, Hoverstream, Mercier-Jones, Vanair Hovercraft and Others.
What regions regions does this Cargo Hovercraft Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Cargo Hovercraft Market?
Skirted Rescue Hovercraft, Sidewall Rescue Hovercraft
What are the significant Applications of Cargo Hovercraft Market?
Commercial, Military
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
