Global Air Powered Vehicle Market, By Product Type (Single Energy Mode, Dual Energy Mode) By Vehicle Type (Passenger Cars, LCV, HCV) By Application (Residential, Commercial) By Region, Competition Forecast & Opportunities, 2027

Global Air Powered Vehicle Market, By Product Type (Single Energy Mode, Dual Energy Mode) By Vehicle Type (Passenger Cars, LCV, HCV) By Application (Residential, Commercial) By Region, Competition Forecast & Opportunities, 2027

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.

Objective of the Study:

• To analyze the historical growth of the market size of global air powered vehicle from 2017 to 2021.
• To estimate and forecast the market size of global air powered vehicle market from 2023 to 2027 and growth rate until 2027.
• To classify and forecast global air powered vehicle market based on product type, vehicle type, application, regional distribution, and competitional landscape.
• To identify dominant region or segment in the global air powered vehicle market.
• To identify drivers and challenges for global air powered vehicle market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global air powered vehicle market.
• To identify and analyze the profile of leading players operating in global air powered vehicle market.
• To identify key sustainable strategies adopted by market players in global air powered vehicle market.

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.

Key Target Audience:

• Manufacturers, end users, and other stakeholders
• Distributers and suppliers of products and other stakeholders
• Organizations, forums, and alliances related to air powered vehicle market
• Market research and consulting firms

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.

Report Scope:

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:

• Global Air Powered Vehicle Market, By Product Type:
• Single Energy Mode
• Dual Energy Mode
• Global Air Powered Vehicle Market, By Vehicle Type:
• Passenger Cars
• LCV
• HCV
• Global Air Powered Vehicle Market, By Application:
• Residential
• Commercial
• Global Air Powered Vehicle Market, By Region:
• North America
• United States
• Canada
• Mexico
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• South America
• Brazil
• Argentina
• Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global air powered vehicle market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights