DUBLIN--(BUSINESS WIRE)--Dec 27, 2022--

The “Air Powered Vehicle Market By Vehicle Type, By Product Type, By Range, By Top Speed: Global Opportunity Analysis and Industry Forecast to 2035” report has been added to ResearchAndMarkets.com’s offering.

According to this report the air powered vehicle market was valued at $339.40 million in 2025, and is estimated to reach $8.7 billion by 2035, growing at a CAGR of 38.3% from 2025 to 2035.

The report incorporates the study of the global air powered vehicle market that focuses on the type of alternative fuel vehicles that uses compressed air for impulsion.

The air powered vehicles are green vehicles that uses compressed air engines as a substitute for internal combustion engine (ICE) for propulsion. As the fuel does not mix with the air in this engine, the combustion does not take place in air powered vehicles.

Hence, it generally uses the expansion of compressed air as a power source to propel the piston of the engine. Initially, rise in cost of fossil fuel, owing to its limited stock and availability, and the surge in demand for emission-free vehicles have led to the development of the air powered vehicle.

Furthermore, it has gained popularity owing to numerous technological advancements such as improvements in the new system design of air powered vehicles including weight and volume reduction to reduce the space demand in the vehicle.

The factors such as increasing awareness of environment friendly vehicles, stringent government norms and emission standards to reduce carbon footprints, and rising fuel prices supplement the growth of the air powered vehicle market.

However, low speed of air powered vehicles and increasing adoption of battery electric vehicles (BEVs) & hybrid electric vehicles (HEVs) are the factors expected to hamper the growth of the air powered vehicle market.

In addition, increasing research and development in air powered vehicles and rise in demand for air hybrid vehicles creates market opportunities for the key players operating in the air powered vehicle market.

Key Benefits

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the air powered vehicle market analysis from 2025 to 2035 to identify the prevailing air powered vehicle market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the air powered vehicle market segmentation assists in determining the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes an analysis of the regional as well as global air powered vehicle market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Vehicle Type

• Passenger Vehicle
• Commercial Vehicle
• Motorcycles Scooters

By Product Type

• Single Energy Mode
• Dual Energy Mode

By Range

• Less Than 100 KM
• 100-200 KM
• More Than 200 KM

By Top Speed

• Up To 100 kmph
• More Than 100 kmph

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Spain
• Netherlands
• Norway
• Rest of Europe
• Asia-Pacific
• Rest of Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Singapore
• LAMEA
• Latin America
• Middle East
• Africa

Key Market Players

• Audi AG
• Ballard Power Systems Inc
• Bmw Group
• Daimler AG
• Engineair Pty Ltd
• General Motors Company
• Honda Motor Company, Ltd.
• Hyundai Motor Group
• Magnetic Air Car, Inc.
• MAN SE
• Matrix Comsec
• Motor Development International Sa
• Peugeot S.A.
• Phinergy
• Tata Motors Limited
• Toyota Motor Corporation
• Volvo Group

For more information about this report visit https://www.researchandmarkets.com/r/npz2p0

View source version on businesswire.com:https://www.businesswire.com/news/home/20221227005170/en/

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KEYWORD:

INDUSTRY KEYWORD: AIR TRANSPORT AEROSPACE MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 12/27/2022 08:30 AM/DISC: 12/27/2022 08:32 AM

http://www.businesswire.com/news/home/20221227005170/en