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 other alternatives of the IC engine vehicle.
In terms of energy mode, the single energy mode segment is projected to lead the air powered vehicle market.
Based on vehicle type, the passenger vehicle segment is expected to account for a notable share of the air powered vehicle market. Rise in regulation on emission in cities and sub-cities is projected to boost the air powered vehicle market, as an air powered vehicle is less polluting and is projected to comply with emission regulations.
In terms of geography, Europe and Asia Pacific are projected to account for a prominent share of the global air powered vehicle market.
Global Air Powered Vehicle market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Air Powered Vehicle.
This industry study presents the global Air Powered Vehicle market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Air Powered Vehicle production, revenue and market share by manufacturers, key regions and type;
The consumption of Air Powered Vehicle in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Motor Development International, Tata Motors, etc.
The following manufacturers are covered in this report:
Motor Development International
Air Powered Vehicle Breakdown Data by Type
Single Energy Mode
Dual Energy Mode
Air Powered Vehicle Breakdown Data by Application
Air Powered Vehicle Production by Region
Air Powered Vehicle Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Air Powered Vehicle status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Air Powered Vehicle manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Air Powered Vehicle :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Air Powered Vehicle market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.