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Air-Cushion Vehicle Market Report by Type (Amphibious Air-cushion Vehicles, Sidewall Air-cushion Vehicles), Application (Military, Commercial), and Region 2023-2028

July 2023 | 150 pages | ID: AAF252C4D9A9EN
IMARC Group

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Market Overview:

The global air-cushion vehicle (ACV) market size reached US$ 103.47 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 134.29 Million by 2028, exhibiting a growth rate (CAGR) of 4.54% during 2023-2028. The rising demand for accessibility and versatility across the globe, the widespread adoption of air-cushion vehicles (ACV) to transport goods, and the growing environmental consciousness among the masses represent some of the key factors driving the market.

An air-cushion vehicle (ACV), commonly known as a hovercraft, is a type of transportation that relies on a cushion of air to glide over various surfaces, including land, water, ice, and marshy terrains. In contrast to conventional vehicles, which need wheels or tracks to move, an ACV uses the concepts of buoyancy and propulsion to float and move ahead. The air cushion, which is produced by a strong fan, or several fans placed underneath the car, is the essential part of an ACV. By pushing air into a plenum chamber, these fans create a high-pressure area. As the pressure increases, it eventually overcomes the craft's weight and lifts it off the ground or water. Once the ACV is airborne, it hovers on a thin cushion of air, which reduces the friction and allows it to move with relative ease. The air cushion not only provides lift but also acts as a lubricant, enabling the vehicle to traverse over different terrains smoothly. Steering and directional control are achieved by using rudders or thrust vectoring mechanisms. Some hovercraft designs incorporate multiple fans and skirts around the periphery to optimize lift and control. They have the capacity to move across nearly any flat surface, regardless of its state or obstructions, which is one of their main advantages.

Air-Cushion Vehicle Market Trends:
The escalating demand for accessibility and versatility among the masses majorly drives the global market. ACVs are capable of operating on diverse surfaces, including water, mud, ice, and even open fields. This versatility allows ACVs to reach areas where traditional vehicles cannot venture, providing access to remote locations, disaster-stricken areas, and environments with limited infrastructure. Therefore, the widespread adoption of air-cushion vehicles (ACV) to transport goods and individuals in challenging conditions for industries such as search and rescue, oil and gas exploration, tourism, and military operations is impacting the market. Along with this, the growing popularity of ACVs due to their advantages, such as high speeds over various terrains, surpassing conventional vehicles, and even some watercraft is significantly supporting the market. In addition, the ability of ACVs to traverse sensitive ecosystems without causing significant disruption or pollution is also catalyzing their demand led by the growing environmental consciousness. Apart from this, the rising deployment of ACVs in offshore industries such as oil and gas exploration, offshore wind farms, and marine research to enable the transportation of personnel and equipment to offshore installations is contributing to the market. Furthermore, the development of more efficient and environmentally friendly propulsion systems, improved materials, and enhanced control systems is creating a positive market outlook. Some of the other factors driving the market include rapid urbanization and significant growth in the automotive sector.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global air-cushion vehicle (ACV) market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type and application.

Type Insights:

Amphibious Air-cushion Vehicles
Sidewall Air-cushion Vehicles

The report has provided a detailed breakup and analysis of the air-cushion vehicle (ACV) market based on the type. This includes amphibious air-cushion vehicles and sidewall air-cushion vehicles.

Application Insights:

Military
Commercial

A detailed breakup and analysis of the air-cushion vehicle (ACV) market based on the application has also been provided in the report. This includes military and commercial. According to the report, military accounted for the largest market share.

Regional Insights:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for air-cushion vehicle (ACV). Some of the factors driving the North America air-cushion vehicle (ACV) market included the increasing security concerns among the masses, continual technological advancements, rapid industrialization, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global air-cushion vehicle (ACV) market. The detailed profiles of all major companies have been provided. Some of the companies covered include Aerohod Ltd., Airlift Hovercraft Pty Ltd, Garden Reach Shipbuilders & Engineers Ltd., Griffon Hoverwork Ltd. (The Bland Group Ltd.), Hovertechnics LLC, Neoteric Hovercraft Inc., The British Hovercraft Company, Vanair Hovercraft, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:
How has the global air-cushion vehicle (ACV) market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global air-cushion vehicle (ACV) market?
What is the impact of each driver, restraint, and opportunity on the global air-cushion vehicle (ACV) market?
What are the key regional markets?
Which countries represent the most attractive air-cushion vehicle (ACV) market?
What is the breakup of the market based on the type?
Which is the most attractive type in the air-cushion vehicle (ACV) market?
What is the breakup of the market based on the application?
Which is the most attractive application in the air-cushion vehicle (ACV) market?
What is the competitive structure of the global air-cushion vehicle (ACV) market?
Who are the key players/companies in the global air-cushion vehicle (ACV) market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL AIR-CUSHION VEHICLE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Amphibious Air-cushion Vehicles
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Sidewall Air-cushion Vehicles
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Military
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Commercial
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1 North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2 Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3 Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4 Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5 Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 DRIVERS, RESTRAINTS, AND OPPORTUNITIES

9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
  13.3.1 Aerohod Ltd.
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
  13.3.2 Airlift Hovercraft Pty Ltd
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
  13.3.3 Garden Reach Shipbuilders & Engineers Ltd.
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
  13.3.4 Griffon Hoverwork Ltd. (The Bland Group Ltd.)
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
  13.3.5 Hovertechnics LLC
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
  13.3.6 Neoteric Hovercraft Inc.
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
  13.3.7 The British Hovercraft Company
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
  13.3.8 Vanair Hovercraft
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Air-cushion Vehicle Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Air-cushion Vehicle Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Air-cushion Vehicle Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Air-cushion Vehicle Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Air-cushion Vehicle Market: Competitive Structure
Table 6: Global: Air-cushion Vehicle Market: Key Players

LIST OF FIGURES

Figure 1: Global: Air-cushion Vehicle Market: Major Drivers and Challenges
Figure 2: Global: Air-cushion Vehicle Market: Sales Value (in Million US$),2017-2022
Figure 3: Global: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Air-cushion Vehicle Market: Breakup by Type (in %), 2022
Figure 5: Global: Air-cushion Vehicle Market: Breakup by Application (in %), 2022
Figure 6: Global: Air-cushion Vehicle Market: Breakup by Region (in %), 2022
Figure 7: Global: Air-cushion Vehicle (Amphibious Air-cushion Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Air-cushion Vehicle (Amphibious Air-cushion Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Air-cushion Vehicle (Sidewall Air-cushion Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Air-cushion Vehicle (Sidewall Air-cushion Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Air-cushion Vehicle (Military) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Air-cushion Vehicle (Military) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Air-cushion Vehicle (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Air-cushion Vehicle (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: North America: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: North America: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: United States: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: United States: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Canada: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Canada: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Asia-Pacific: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Asia-Pacific: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: China: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: China: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Japan: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Japan: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: India: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: India: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$),2023-2028
Figure 29: South Korea: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: South Korea: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Australia: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Australia: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Indonesia: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Indonesia: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Others: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Others: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Europe: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Europe: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Germany: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Germany: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: France: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: France: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: United Kingdom: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: United Kingdom: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Italy: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Italy: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Spain: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Spain: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Russia: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Russia: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Latin America: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Latin America: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Brazil: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Brazil: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Mexico: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Mexico: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$),2023-2028
Figure 59: Others: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Middle East and Africa: Air-cushion Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Middle East and Africa: Air-cushion Vehicle Market: Breakup by Country (in %), 2022
Figure 63: Middle East and Africa: Air-cushion Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Global: Air-cushion Vehicle Industry: Drivers, Restraints, and Opportunities
Figure 65: Global: Air-cushion Vehicle Industry: Value Chain Analysis
Figure 66: Global: Air-cushion Vehicle Industry: Porter's Five Forces Analysis


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