Air Powered Vehicle Market Size Share Increasing Demand Industry Growth Emerging Trends Forecast
Witness Massive Demand from APAC
Market Research Future (MRFR), in its recently published research report, asserts that the global air
powered vehicle market 2020 is expected to grow exponentially over the review period, recording a
substantial market valuation and a healthy CAGR in the forecast period.
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Drivers and Restraints
Technological advances in the global automotive industry have culminated in alternative-fueled vehicles
such as automobiles powered by air. Such vehicles, which work on the concept of compressed air
technology, like internal combustion engine vehicles, have no detrimental impact on the environment.
Therefore, they have witnessed rising demand in the environment from countries that have strict
regulatory policies in place. Increasing demand for clean and renewable energy for driving vehicles is
projected to be the main driver of the market for air-driven vehicles in the coming years. Other factors,
like longer life cycles, low toxicity, and strict vehicle emission regulations, are expected to play a crucial
role in the market growth over the forecast period.
High costs of air compressed vehicles, however, may prove to be a major impediment to market growth.
Increasing demand for alternatives such as electric vehicles may also present the market with a
challenge over the forecast period.
The global Air Powered Car market is segmented on energy mode, vehicle type, and region.
Based on energy mode, the market has been bifurcated into a single energy mode and dual energy
By vehicle type, the market is segmented into passenger cars, LCV, and HCV. The market Is witnessing a
growing demand for passenger cars as well as LCVs owing to their fuel efficiency and relatively better
environment-friendliness as compared to HCVs. This is likely to create a grow