Hovercraft Market: Current Analysis and Forecast (2022-2030)
The hovercraft market is expected to grow at a strong CAGR of around 4% during the forecast period owing to an increase the safety and growing advancement in the military and defense sector. Hovercrafts are vehicles that carry a heavy load including passengers and goods having the ability to move over ice, land, water, and mud. Moreover, the growing leisure and recreational activities such as racing and others. Such extensive use of hovercraft for recreational purposes and rescue and operations results in an increase in the demand for new hover crafts.