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Global Air Powered Vehicle Market: By Product Type: Single Energy Mode, Dual Energy Mode; By Vehicle Type: Passenger Cars, Commercial Vehicles; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Air Powered Vehicle Market Outlook

The global air powered vehicle market stood at a value of USD 331.5 million in 2021. The market is further expected to grow at a CAGR of 25.00% in the forecast period of 2022-2027 to attain a value of USD 1252.3 million by 2027.

 

Global Air Powered Vehicle Market

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Passenger Cars to Account for a Substantial Market Share in the Air Powered Vehicle Industry

The growing consumer demand for passenger vehicle is projected to support the market growth. This can be attributed the rising living standards and the inflating disposable incomes. In addition, the increasing awareness among the population about the dangerous hazards posed by vehicles running on conventional fuels for both the environment and human health is leading to the increased adoption of air powered passenger cars. Further, these air powered vehicles are cost-effective as they run on compressed air and do not require high-cost fuels like petroleum. Also, the production costs of air powered vehicle are low as they require no cooling systems or starter motors. These factors are estimated to contribute to the growth of the industry.

 

The Asia Pacific Region to Provide Lucrative Growth Opportunities to the Air Powered Vehicle Industry

The Asia Pacific region is projected to account for a significant share of the air powered vehicle industry due to the heightened production of automobiles and vehicular parts in the region. This can be associated with the presence of leading market players, low raw material costs, and availability of a large workforce. Additionally, the strict government regulations to curb environmental pollution are further estimated to bolster the industry growth in the coming years.

 

Air Powered Vehicle: Market Segmentation

Air powered vehicle is a zero-emissions vehicle that uses compressed air as an energy source. This vehicle comprises an air tank, a compact air engine, and a control system. It is a favoured mode of short-distance transport that is eco-friendly, sustainable, and cost-effective as no combustion process occurs in this vehicle.

 

Global Air Powered Vehicle Market by Segment

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Based on product type, the market is categorised into:

  • Single Energy Mode
  • Dual Energy Mode

By vehicle type, the market can be divided into:

  • Passenger Cars
  • Commercial Vehicles

The regional markets for air powered vehicle can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Air Powered Vehicle Market by Region

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Rising Demand for Fossil Fuel Alternatives, Stringent Government Regulations, and Technological Advancements to Augment the Market Growth of Air Powered Vehicle Industry

The demand for fossil fuels is increasing day by day owing to the rising population. This is leading to a decline in natural resources like petroleum, while also adding to the growing pollutions levels worldwide. As a result, the increased demand for alternative fuel solutions like compressed air is projected to surge in the forecast period. Further, the governments across the globe are promoting these alternative fuels by providing incentives and tax rebates. In addition, the stringent government regulations and policies promoting the use of zero-emission vehicles are also projected to propel the market growth in the forecast period. For instance, at the recent United Nations Climate Change Conference, the world leaders expressed their growing focus in promoting the production and sales of zero-emission vehicles by 2040. Moreover, the technological developments in the production of new valves, prototypes, pneumatic hybridisation, and the efficient conversion of compressed air to mechanical energy are expected to impel the air powered vehicle industry in the forecast period.

 

Key Industry Players in the Global Air Powered Vehicle Market

The report gives a detailed analysis of the following key players in the global air powered vehicle market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Motor development international SA
  • Tata Motors Limited
  • Peugeot S.A
  • Engineair Pty Ltd
  • Honda Motor Company, Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Vehicle Type, Region
Breakup by Product Type Single Energy Mode, Dual Energy Mode
Breakup by Vehicle Type Passenger Cars, Commercial Vehicles
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Motor development international SA, Tata Motors Limited, Peugeot S.A, Engineair Pty Ltd, Honda Motor Company, Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Air Powered Vehicle Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Air Powered Vehicle Historical Market (2017-2021) 
    8.3    Global Air Powered Vehicle Market Forecast (2022-2027)
    8.4    Global Air Powered Vehicle Market by Product Type
        8.4.1    Single Energy Mode
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Dual Energy Mode
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Air Powered Vehicle Market by Vehicle Type
        8.5.1    Passenger Cars
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Commercial Vehicles
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Air Powered Vehicle Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Motor development international SA
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Tata Motors Limited
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Peugeot S.A
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Engineair Pty Ltd
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Honda Motor Company, Ltd.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Air Powered Vehicle Market: Key Industry Highlights, 2017 and 2027
2.    Global Air Powered Vehicle Historical Market: Breakup by Product Type (USD Million), 2017-2021
3.    Global Air Powered Vehicle Market Forecast: Breakup by Product Type (USD Million), 2022-2027
4.    Global Air Powered Vehicle Historical Market: Breakup by Vehicle Type (USD Million), 2017-2021
5.    Global Air Powered Vehicle Market Forecast: Breakup by Vehicle Type (USD Million), 2022-2027
6.    Global Air Powered Vehicle Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global Air Powered Vehicle Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America Air Powered Vehicle Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Air Powered Vehicle Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Air Powered Vehicle Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe Air Powered Vehicle Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific Air Powered Vehicle Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific Air Powered Vehicle Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Latin America Air Powered Vehicle Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America Air Powered Vehicle Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa Air Powered Vehicle Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa Air Powered Vehicle Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Global Air Powered Vehicle Market Structure

Key Questions Answered in the Report

In 2021, the global air powered vehicle market attained a value of nearly USD 331.5 million.

The market is projected to grow at a CAGR of 25.00% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach almost USD 1252.3 million by 2027.

The major industry drivers include the rising living standards, growing awareness among people about the harmful hazards of conventional fuels, rising disposable incomes, and growing demand for passenger vehicles.

The key industry trends include the imposition of stringent government regulations to combat environmental pollution, and technological advancements.

The major regions in the industry are North America, Europe, the  Asia Pacific, Latin America, and the Middle East and Africa.

The major market divisions, based on product type, include single energy mode and dual energy mode.

The significant market segments, based on vehicle type, include passenger cars and commercial vehicles.

The major players in the industry are Motor development international SA, Tata Motors Limited, Peugeot S.A, Engineair Pty Ltd, and Honda Motor Company, Ltd., among others.

Analyst Review

The global air powered vehicle market attained a value of nearly USD 331.5 million in 2021, driven by the rising demand for passenger vehicles. Aided by the imposition of stringent government regulations to mitigate the carbon emissions, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 25.00%. The market is projected to reach about USD 1252.3 million by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the market is categorised into single energy mode and dual energy mode. By vehicle type, the market can be divided into passenger cars and commercial vehicles. The major regional markets for air powered vehicle are North America, Europe, the  Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Motor development international SA, Tata Motors Limited, Peugeot S.A, Engineair Pty Ltd, and Honda Motor Company, Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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