Light Hovercraft Market growth opportunity and industry forecast to 2026

Global Light Hovercraft Market by Product Types, Fuel, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026.

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The global light hovercraft market was valued at USD 500 million in 2019 and is projected to reach over USD 600 million by 2026, expanding at a CAGR of more than 2% during the forecast period, 2020–2026. The growth of the market is attributed to its various advanced capabilities as compared to the traditional vehicles.

Request for sample@ https://dataintelo.com/request-sample/?reportId=82486 A hovercraft, also called as an air-cushion vehicle or ACV, is a land and water capable specialty equipped craft for going over land, water, mud, ice, and different surfaces.

Market Trends, Drivers, Restraints, and Opportunities: ● Rising regional water territories issues and security worries is driving the growth of the market. ● Growing commercial applications such as ferrying passengers and personal usage is a favorable factor driving the market growth. ● Rising cost of oil prices increased its cost of operation which in turn is acting as a restraint for the growth of the market. ● Increasing availability of alternative vehicles is a restraint in the market growth. ● The unexplored markets of emerging economies and the use of latest technologies are opportunities for the growth of the market.

Ask for discount@ https://dataintelo.com/ask-for-discount/?reportId=82486 Competitive Landscape: Some of the other key players operating in the market include Griffon Hoverwork, ALMAZ Shipbuilding Company, Textron Systems, Neoteic Hovercraft, The British Hovercraft Company, Vanair Hovercraft, ALMAZ, Hovertechnicsa, Garden Reach Shipbuilders & Engineers, Hovertrans Solutions, AirLift Hovercraft, Universal Hovercraft, and Feodosia Shipbuilding Company. The major market players gain edge in the market by activities of mergers & acquisitions and investing in research & development to offer various product offerings.

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