Press release
Air Powered Vehicle Market Trends, Business Strategies and Opportunities, Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Air Powered Vehicle" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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The air powered vehicle is a compressed air vehicle that uses compressed air for propulsion. It is an eco-friendly vehicle, which uses air as a fuel and works on the principle of Compressed Air Technology (CAT). These vehicles utilizes the expansion of compressed air to drive the pistons of an engine. The engine employed in an air powered vehicle is called an air driven engine, which is a pneumatic actuator that creates useful work by expanding compressed air. There is no mixing of fuel with air; subsequently, there is no combustion in an air powered vehicle.
Implementation of stringent norms regarding carbon emissions by global regulatory bodies is a major factor that is estimated to drive the air powered vehicle market during the forecast period. Air powered vehicle is an answer to environmental degradation and energy shortages. It makes the vehicle more efficient and economical, as compared to fuel vehicles. All kinds of conventional sources of fuel are on the verge of exhaustion, which in turn is estimated to lead to an increase in demand for air powered vehicles during the forecast period. It also helps vehicle owners to comply with state regulations regarding emissions from fuel systems. Air powered vehicles offer numerous benefits such as no pollution, less maintenance, easy to refuel, and better comfort, which is expected to provide lucrative opportunities during the forecast period. The air powered vehicle is the best option, which provides the most comprehensive answer to the present issue of urban pollution in a simple, economic and inoffensive manner. Limited speed is achieved in an air powered vehicle, as compared to a gasoline or diesel engine vehicle. This is estimated to hamper the air powered vehicle market.
The air powered vehicle can segmented based on energy mode, vehicle type, vehicle parts, and region.
Based on energy mode, the air powered vehicle market can be divided into single energy mode and dual energy mode. The single energy mode air powered vehicle uses only compressed air as a fuel, while a dual energy mode air powered vehicle employs compressed air as well as fuel. The dual energy mode air powered vehicle utilizes compressed air at low speeds and employs fuel at high speeds.
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Based on vehicle type, the air powered vehicle market can be segregated into passenger vehicles and commercial vehicles. The passenger vehicles segment can be further sub-segmented into hatchbacks, multi-purpose vehicles, and sport utility vehicles. The commercial vehicles segment can be further split into pick-up trucks and vans.
Based on vehicle parts, the air powered vehicle market can be segregated into compressed air tanks, brake power recovery, body, chassis, air filter, and others. Compressed air is stored in a compressed air tank. Brake power recovery recovers the energy while braking or idling. An air filter is used to filter the air entering the engine.
In terms of geography, the air powered vehicle market can be segmented into Asia Pacific, Europe, North America, Latin America, Middle East & Africa, and Rest of the World (ROW). Asia Pacific accounts for a major share of the global air powered vehicle market due to the high adoption rate, less cost, and expansion of the automotive sector, leading to the increased production of air powered vehicles installed with compressed air technology, especially in China, Japan, India, and South Korea. North America and Europe are also expected to witness an increase in demand for air powered vehicles in the automotive industry during the forecast period due to stringent norms enacted by state regulation bodies regarding emissions.
Key players operating in the global air powered vehicle market are Tata Motors, Motor Development International SA, Engineair Pty Ltd, Magnetic Air Car, Inc., and Groupe PSA.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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