PUBLISHER: TechSci Research | PRODUCT CODE: 1110868
PUBLISHER: TechSci Research | PRODUCT CODE: 1110868
We offer 8 hour analyst time for an additional research. Please contact us for the details.
The global air powered vehicle market is projected to grow at a formidable rate during the forecast period, 2023-2027. Factors such as rising concerns regarding the negative effects of carbon emission on the environment and depleting conventional energy sources are driving the demand for clean and sustainable energy for vehicles. Stringent emission norms set by leading authorities of several countries and the growing availability of income tax rebates and subsidies on alternate fuel vehicles are some other prominent factors expected to bolster the market demand in the coming years. Also, the advantages offered by air powered vehicles, including the improved service life, high energy density, and lox toxicity of compressed air, further drives the market growth.
The global air powered vehicle market is segmented on the basis of product type, vehicle type, application, competitive landscape, and regional distribution. Based on product type, the market is divided into single energy mode air powered vehicles and dual energy mode air powered vehicle. The single energy mode segment is expected to hold the largest market share in the forecast period, 2023-2027. Single energy source air powered vehicles only use compressed air as the main and only power source. With the growing demand for emission-free vehicles, the demand for single energy mode vehicles is expected to rise in the forecast period.
Major market players operating in the global air powered vehicle market are: Tata Motors Limited, Honda Motor Company limited, Groupe PSA, Engineair PTY Ltd, Phinergy, Motor Development International SA, Energine Corporation, Volkswagen Group, Apple Inc., Matrix Comsec., among others.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and distributors across the world. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of global air powered vehicle market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global air powered vehicle market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global air powered vehicle market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: