"Market Intelligence for High-Geared Performance"

Air Powered Vehicle Market Size, Share & Industry Analysis, By Product Type ( Single Energy Mode, Dual Energy Mode ), By Vehicle Type ( Passenger Cars, Commercial Vehicles ) and regional forecast 2022-2029

Region : Global | Report ID: FBI104090 | Status : Ongoing

 

KEY MARKET INSIGHTS

The air powered vehicles or compressed air vehicles are green vehicles that use compressed air engines a substitute to internal combustion engines (IC) for impulsion and function according to the principles of compressed air technology (CAT). Air powered vehicles use the expansion of compressed air as a power source to propel the piston of an engine. The engine used in a pneumatic vehicle is called an air powered engine, which is an inflation actuator that generates useful energy by expanding compressed air. As the fuels does not mix with the air in this engine, thus combustion does not takes place in air powered vehicles. Moreover, the increasing cost of fuels, along with the rise in the demand for emission-free vehicle, as well as low inventory and easy availability are altogether fuelling the development of air powered vehicles. Also, these vehicles provide low toxicity of compressed air, longer service life, and high energy density as compared to the conventional vehicles. The rise in the depletion of fossil fuels globally has leveraged the demand for alternative fuels for vehicles. As electric vehicles are now being adopted over conventional vehicles, similarly, air powered vehicles are also gaining high traction in the market and are expected to witness a great demand in the coming years.


Market Segmentation:


Globally, the Air Powered Vehicle market is segmented by product type, by vehicle type, and by geographic coverage. The product type is further segmented into single energy mode and dual energy mode. The single energy mode is expected to lead the global air powered vehicle market as the air powered vehicles with single energy mode only uses compressed air for propulsion. Also, developing countries and cities have a higher demand for emission free vehicles which is expected to hold a significant share in the market during the forecast period. The vehicle type is further segmented into passenger cars and commercial vehicles. The passenger cars segment holds the major share in the global market owing to the improvement in the urban and suburban emission regulation and as the air powered vehicles are emission free which complies with the emission regulations. This in turn, is projected to fuel the demand for air powered vehicle market in passenger cars segment over the forecast period. Furthermore, the increasing demand for compact and lightweight vehicles is expected to boost the air powered vehicle market across the globe.


Key Market Driver -

Increasing demand for alternate fuels for vehicles is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

Low speed of the air powered vehicles along with lack of refuelling infrastructure may hinder the growth of the market during the forecast period.


Key Players:


Major players operating in the global Air Powered Vehicle market include Motor Development International SA, Tata Motors, Magnetic Air Car, Inc., Groupe PSA, Engineair Pty Ltd, Magnetic Air Car, Inc., and Honda Motor Co., Ltd. among others.


Key Insights 



  • New Advancements in Air Powered Vehicle

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the Air Powered Vehicle market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific holds the largest share in the global market and is expected to maintain its dominance over the forecast period. This region is categorised by a number of emerging countries, including China, India, Indonesia, and Malaysia which are major contributors in the automotive market. In addition, several government initiatives related to the environmental protection have also promoted the demand for air powered vehicles in the region. Also, this region is a largest exporter of air powered vehicles owing to the low raw material and manufacturing cost, low cost labour, and technologically advanced infrastructure. Europe and North America also shows an exponential growth in the global market. The increasing awareness regarding maintaining the clean and pollution free environment along with the development of emission free vehicles is anticipated to boost the demand for air powered vehicles in these regions.


To gain extensive insights into the market, Request for Customization


Segmentation






















ATTRIBUTES    


DETAILS        

By Product Type




  • Single Energy Mode

  • Dual Energy Mode



By Vehicle Type




  • Passenger Cars

  • Commercial Vehicles



By Geography




  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World



 


  • Ongoing
  • 2021
  • 2018-2020

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850
    Pre Book

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients

GM
Deloitee
Toshiba
Bosch
Hitachi

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X