Air cushion vehicles, also known as hovercrafts, utilize air cushions or
skirts to lift the entire weight of the vehicle above the ground or water
surface on which it operates. Air cushion vehicles provide mobility on water,
swamps, sand, mud, ice, and land. They have applications in cargo
transportation, passenger ferrying, commercial applications, and defense
operations. With their ability to travel across various terrains, air cushion
vehicles offer operational flexibility not provided by other means of transportation.
The Global Air Cushion Vehicle Market is
estimated to be valued at USD 127.22 Mn in 2024 and is expected to exhibit a
CAGR of 4.6% over the forecast period 2024 to 2031.
Key players operating in the air cushion vehicle
market are JUGS Sports, Sports Attack, LLC, First Pitch, Heater Sports, ATEC
Sports, Mound Yeti, Spinball Sports, Zooka Sports, LouisVille Slugger, BATA,
Sports Tutor, and Master Pitching Machine Inc.
Key Takeaways
Key players operating in the air cushion vehicle market are focusing on
expanding their product portfolios and global footprints through strategic
collaborations and partnerships. JUGS Sports, one of the largest manufacturers,
acquired Spinball Sports in 2021 to strengthen its product offerings. Sports
Attack LLC has partnerships with various distribution channels globally to
market and sell its air cushion vehicles in over 50 countries.
The global Air
Cushion Vehicle Market Demand is growing due to increasing defense
budgets of countries and expanding commercial passenger and cargo
transportation needs. Government initiatives to enhance mobility of defense
forces and personnel in varied terrains have stimulated demand. COVID-19
pandemic mass transportation restrictions increased interest in individual
transport solutions, providing temporary boost to demand.
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