The air cushion vehicle market offers an effective solution for transportation over water and weak surfaces through the use of highly pressurized air flowing underneath hulls. Air cushion vehicles are low-altitude crafts that move on a thin cushion of air over a support surface and are used for various commercial and military applications.
They have advantages like high-speed capability, ease of maneuverability, and ability to traverse shallow waters. The growing investments in naval fleet modernization around the world are expected to drive the Air Cushion Vehicle Market Demand for the military sector. 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.
Air cushion vehicles provide for rapid logistic and troop movements, maritime search and rescue, and coast guard duties. They offer amphibious capabilities through operation over land and water with minimum draft. These amphibious qualities are spurring their use for transportation, coastal patrol, and seaborne support missions. Key Takeaways 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. These companies are focusing on developing innovative air cushion vehicle designs with amphibious capabilities and high-speed performance for military applications. The growing demand for air cushion vehicles from naval modernization programs across nations is expected to drive market growth. Many countries are boosting their amphibious fleet to strengthen maritime security capabilities. This is increasing the procurement of air cushion vehicles for patrol and surveillance duties along coastlines. The global expansion of the market is attributed to increasing investments in military maritime assets by countries. The rising geopolitical tensions are prompting nations to develop flexible and resilient naval platforms. This is augmenting the worldwide production capacities of air cushion vehicle manufacturers. Market Key Trends One key trend gaining prominence in the air cushion vehicle market is the integration of electric propulsion systems. Leading manufacturers are developing electric air cushion vehicles to reduce emissions and fuel costs. Electric propulsion provides eco-friendly operation suitable for transport near coastal regions and ecologically sensitive areas. The growing emphasis on sustainable naval platforms is expected to boost the demand for electric air cushion vehicles in the coming years.
Porter's Analysis Threat of new entrants: Low capital requirements and established brand loyalty pose a barrier for new Air Cushion Vehicle Companies. Bargaining power of buyers: Air cushion vehicle industry is fragmented with many global players so buyers have higher negotiating power. Bargaining power of suppliers: Key raw materials include composites and electronics whose global suppliers possess bargaining power over manufacturing companies. Threat of new substitutes: Water ambulances and other rescue vehicles are potential substitutes but air cushion vehicles have technological advantages. Competitive rivalry: Presence of major established brands leads to intense competition on pricing, features and after-sales service. Geographical Regions North America accounts for the largest share in the global air cushion vehicle market in terms of value owing to heavy investments in defense and coast guard modernization programs in the US and Canada. Asia Pacific region is expected to register the fastest growth during the forecast period due to rising maritime trade and coastal tourism in countries such as China, Japan and South Korea. Governments are increasingly procuring air cushion vehicles for applications such as search and rescue operations.
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The global air cushion packaging market size is expected to reach USD 5.95 billion by 2028 according to a new study by Polaris Market Research.
The report “Air Cushion Packaging Market Share, Size, Trends, Industry Analysis Report, By Application (Wrapping, Void Filling, Block & Bracing, Corner Protection); By End-Use (Food & Beverage, Consumer Electronics, Personal Care & Cosmetics, Healthcare & Pharmaceutical); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Air cushion packing is increasingly being used owing to its enhanced ability to withstand the stresses and strains during transit and storage.
The significant growth in e-commerce and rising adoption of biodegradable packing solutions owing to increasing environmental concerns have resulted in the growth of the cushion packaging market.
Air cushion packing provides greater protection by filling the space between the product and the outer packaged box.
The consumer electronics segment accounted for a major share in the global cushion packing industry in 2020.
