We are monitoring the impact of COVID-19 on Air Powered Vehicle Market Get in touch with us for detailed analysis Know More
Pulished Date February, 2020
ID: 8920
Share on
Share on

Air Powered Vehicle Market Segmented by Vehicle Type (Personal Passenger Vehicle, Commercial Vehicle), by Energy Modes (Single Energy mode, Duel Energy mode), Regional analysis- Global Industry Analysis, Forecast, Trends and Market Size Report 2019-2024

Pulished: February, 2020
ID: 8920
Pages: 160

Air Powered Vehicle Market Overview and Trends:

Air Powered Vehicle market is estimated at USD 88.36 Million in 2018 and is expected to expand at a CAGR of 61.8% to USD 926.5 Million by 2024. The growth of the market can be attributed to our increased environmental concerns and our move towards cleaner and greener fuels.

Air Powerit' vehicle, also known as Compressed Air Vehicle (CAV), is a transport system powered by a pressurized atmospheric gas tank and driven by the release and expansion of the gas in a pneumatic motor. CAV uses are found in torpedoes, locomotives used in tunnel digging, and early prototype submarines. Potential environmental benefits have created public interest in CAVs as passenger cars but have not been successful due to the low energy density of compressed air and the ineffectiveness of the compression/expansion process.

Recent Developments of the Air Powered Vehicle market: 

In Jan 2019, Tata Motors created introduced, Tata Harrier. It's first air-powered SUV, that is set to hit the market by 2020. Back in 2007, Tata Motors made a deal with Motor Development International (MDI), a French company, to roll out a car that would run on compressed air. The project both companies are working on has been named Air pod. According to some recent reports on the Internet, Tata Motors' new car powered by compressed air technology could be introduced in the country in three years' time. The supplier has also completed the first phase of the project for a long time back.

Drivers and Restraints of the Air Powered Vehicle Market:

Drivers:

  • Research suggests that transport pollutants account for about 50 per cent of the total health effects caused by toxic carbon emissions from fossil fuel-powered vehicles. This is a crucial factor likely to boost air-powered cars market during the forecast period.
  • The air-powered vehicle is economical, requires low fuel costs and is more efficient than the conventional fossil fuel-powered vehicle.
  • Unlike battery-powered electric vehicles and hybrid electric vehicles, the air-powered vehicle is inexpensive and its vehicle components, such as compressed air tanks, can be reused or predisposed with fewer emissions than the batteries used in electric cars. These significant advantages over battery cars is another factor that would drive the air-powered vehicle market in the future.

Restraints:

  • Low speed of the air-powered vehicle coupled with limited refuelling infrastructure is a significant factor likely to impede the air-powered vehicle market during the forecast period.
  • The increase in the adoption of electric vehicles, due to emission concerns and government subsidies and incentives to purchase electric cars.

Market Segmentation:

By Vehicle Type:

Based on the Interface, Air Powered Vehicle market is segmented into Personal Passenger Vehicle and Commercial Vehicle. Out of these, the Personal Passenger Cars segment is expected to dominate the market during the forecast period. The air-powered vehicles, as described earlier, completely works on the compressed air, and they are slow for the same reason. The amount of thrust produced by the compressed air is less compared to that of its fossil-fuel-based ancestors. Because of this simple reason, the technology is ideal for passenger cars. Still, when we are trying to extend these to heavy commercial usage vehicles, it would be economically inefficient because of the ineffective technology. 

By Energy modes: 

Based on the Energy modes, the Air Powered Vehicle market is segmented into Single Energy mode and Duel Energy mode.

Single-mode vehicle: Uses only compressed air to power the car. 

Dual-mode vehicle: Uses compressed air as well as traditional fossil fuel to power the car, it works on compressed air at lower speeds, and it shifts to fossil fuel at higher rates.

Of these, the single-mode vehicle is expected to dominate the market during the forecast period, which is purely associated to the "greenness" of these vehicles and also because of the ineffective transition from air to fuel mode of dual energy. Companies still need to perfect the smooth shift from compressed air to fossil fuel.

 

Air Powered Vehicle Region wise analysis:

Based in region, Air Powered Vehicle can be segmented into:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America and Middle East Africa
    1. Brazil
    2. Saudi Arabia

Geographically, Europe and Asia-Pacific are expected to represent a significant share of the global demand for air-powered vehicles. This is due to the higher level of vehicle adoption, combined with their relatively low cost and growing concerns about carbon emissions. In addition, the increase in vehicle exports in these regions is also expected to improve vehicle sales and production during the forecast period. Australia, Italy, France, Spain, India and New Zealand were expected to lead the global market during the forecast period due to the presence of air powered vehicle manufacturers in these countries.

Key Players of Market:

Some of the key players of the Global Air Powered Vehicle market include, Motor Development International SA, Tata Motors, Honda Motor Co., Ltd., Engineair Pty Ltd Magnetic Air Car, Inc., and Groupe PSA.

Global Air Powered Vehicle Market Research Report Key Highlights:

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of Recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentations of the market, detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of competitive environment.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 By Vehivle Type                        

                                5.1.1 Introduction           

                                5.1.2 Personal Passenger Cars   

                                5.1.3 Commercial Vehicle            

                                5.1.4 Y-o-Y Growth Analysis        

                                5.1.5 Market Attractiveness Analysis      

                                5.1.6 Market Share Analysis       

                5.2 By Energy Modes                     

                                5.2.1 Introduction           

                                5.2.2 Single Energy mode            

                                5.2.3 Duel Energy mode               

                                5.2.4 Y-o-Y Growth Analysis        

                                5.2.5 Market Attractiveness Analysis      

                                5.2.6 Market Share Analysis       

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Vehivle Type

                                                6.1.3.3 By Energy Modes

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Vehivle Type

                                                6.1.4.3 By Energy Modes

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Vehivle Type

                                                6.1.5.3 By Energy Modes

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leader Analysis                                           

                8.1 Motor Dovelopment International                   

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Tata motors                

                8.3 Honda Motor Co                      

                8.4 Engineair Pty                              

                8.5 Magnetic Air Car                       

                8.6 Groupe PSA               

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Product, by system, by service and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Air Powered Vehicle Market By Region, From 2019-2024 ( USD Billion )
  2. Global Air Powered Vehicle Market By Vehicle Type, From 2019-2024 ( USD Billion )
  3. Global Passenger Cars Market By Region, From 2019-2024 ( USD Billion )
  4. Global Commercial Vehicles Market By Region, From 2019-2024 ( USD Billion )
  5. Global Air Powered Vehicle Market By Energy modes, From 2019-2024 ( USD Billion )
  6. Global Single energy mode Market By Region, From 2019-2024 ( USD Billion )
  7. Global Duel Energy mode Market By Region, From 2019-2024 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample