Global Air Powered Vehicle Market Growth 2024-2030

Global Air Powered Vehicle Market Growth 2024-2030

Air powered vehicle, also known as air compressed vehicle, is a green vehicle that uses a compressed air engine, an alternative of the internal combustion (IC) engine, and works on the principle of compressed air technology (CAT). An air powered vehicle utilizes compressed air, a non-polluting fuel, as a power source in order to run the vehicle. Rise in cost of fossil fuel, owing to its limited stock and availability, and surge in demand for emission-free vehicles have led to the development of the air powered vehicle. The air powered vehicle offers long life of the vehicle, high energy density of compressed air, and low toxicity as compared to Others alternatives of the IC engine vehicle.

The global Air Powered Vehicle market size is projected to grow from US$ 96.3 million in 2023 to US$ 842 million in 2030; it is expected to grow at a CAGR of 36.3% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Air Powered Vehicle Industry Forecast” looks at past sales and reviews total world Air Powered Vehicle sales in 2023, providing a comprehensive analysis by region and market sector of projected Air Powered Vehicle sales for 2024 through 2030. With Air Powered Vehicle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Air Powered Vehicle industry.

This Insight Report provides a comprehensive analysis of the global Air Powered Vehicle landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Air Powered Vehicle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Air Powered Vehicle market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Air Powered Vehicle and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Air Powered Vehicle.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Air Powered Vehicle market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Single Energy Mode
Dual Energy Mode

Segmentation by application
Passenger Vehicles
Commercial Vehicles

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Motor Development International
Tata Motors
Engineair
Honda Motor
Groupe PSA

Key Questions Addressed in this Report

What is the 10-year outlook for the global Air Powered Vehicle market?

What factors are driving Air Powered Vehicle market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Air Powered Vehicle market opportunities vary by end market size?

How does Air Powered Vehicle break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.