Market Research Future has come up with the latest report on
the Global Air Powered
Vehicle Market 2020. Market
experiences an exponential growth by 2020, registering a fabulous CAGR of 15%
during forecast period. The surge in the sale of vehicles, especially in the
lockdown period due to novel coronavirus pandemic around the world, has
affected the air powered vehicle market 2020 imperatively. Many factors are
being scored behind the growth of the market, which has been discussed below.
The forecasted period of the market’s growth is calculated for the years
2018–2023.
Top Driving Factors
Technological developments in the global automotive sector
have given ascend to substitute fueled vehicles such as air powered vehicles. The
growing popularity of eco-friendly fuel and escalating awareness regarding the
significance of maintaining the environmental balance has motivated the market
for air powered vehicles, presently. The air powered vehicle offers an
elongated life of the vehicle, the towering energy density of compressed air,
as well as low toxicity as compared to other alternatives of the IC engine
vehicle. Due to this reason, the popularity of this has been up, thus became a
growth booster factor for the market.
MRFR further identifies that the rise in air pollution has
prompted as well as encouraging global regulatory bodies to extend low emission
vehicles. This has augmented development and introduction of air powered
vehicles. The air powered vehicle is a solution to the energy shortage and
environmental deprivation. Evidence recommends that transportation pollution
held about 50% of total health impacts instigated owing to harmful carbon
emission from fossil fuel-powered vehicles. This is a prime factor that is
liable to boost the demand for air powered vehicles during the forecast
period.
Top Companies profiled in Air
Powered Vehicle Market Research Report:
Motors (India), Engineair Pty Ltd (Australia), Motor Development International SA (France), Groupe PSA (France), Honda Motor Company, Ltd. (Japan), and Phinergy (Israel).
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Segmentation
of Market
The global air powered vehicle market has been segmented on
the basis of energy mode and vehicle type.
By Energy Mode
·
Single Energy Mode
· Dual Energy Mode
By Vehicle Type
·
Passenger Cars
·
LCV
· HCV
Regional Front
Geographically, the global air powered vehicle industry, is
studied among four major regions, namely Europe, North America, Asia-Pacific,
and the Rest of the World.
North America is estimated to hold a significant market share in the global air powered vehicle market. The market in this region is led by the U.S., which contributes almost 70% of the revenue. Development of clean energy for vehicles and mounting awareness regarding maintaining the environmental balance is the foremost driving factors of the market, in this region.
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Information: https://www.marketresearchfuture.com/reports/air-powered-vehicle-market-7483
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Air powered vehicle Market Segmentation
8. Air powered vehicle Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
Continued…….…
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