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Showing posts with the label Automotive

Global Hovercraft Market Set to Witness Growth Driven by Rising Demand in Transportation Sector

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  Global Hovercraft Market Hovercraft, also known as air-cushion vehicles, are capable of traveling over land, swampy ground, mud, ice, and water. They are used for both commercial as well as military applications such as transportation of passengers and cargo and border patrolling due to their ability to travel over almost any surface. The growing demand for amphibious transportation for both commercial and military applications is anticipated to drive the growth of the global hovercraft market over the forecast period. The heavy payload capacity and ability to operate in all weather conditions also make hovercraft an attractive option for transportation needs. Furthermore, technological advancements increasing the efficiency and reducing the operating costs of hovercraft are also estimated to support the market growth. The Global Hovercraft Market is estimated to be valued at US$ 382.9 Mn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 To 2031...

Bow And Stern Thrusters Market is Anticipated to Witness High Growth Owing to Expanding Commercial Shipping Industry

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  Bow And Stern Thrusters Market The bow and stern thrusters market comprises propulsion devices that are installed on the bow or stern of a ship or vessel for maneuvering operations. Bow thrusters aid navigation by providing additional propulsion at the bow to assist the main propeller when docking or undocking. Stern thrusters offer sideway thrust at the rear end of vessels to aid precise maneuvering. They are installed on an increasing number of commercial vessels to allow safe berthing and unberthing activities in ports without requiring tugboats. Bow and stern thrusters provide convenient control over ship movement in confined spaces or during cargo operations. The global demand for commercial shipping has been steadily rising with growth in international trade volumes, creating high requirement for advanced ship maneuvering solutions. The Global bow and stern thrusters market is estimated to be valued at US$ 477.33 Mn in 2024 and is expected to exhibit a CAGR of 4.6% over ...