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Allied Market Research

Alternate Transportation Market by Type (Air, Road, Rail, and Vacuum Tubes/Pneumatic Pressure Tube) by Application (Freight/Carriage Vehicle, Personal Vehicle, and Passenger Vehicle), by Fuel (Electricity and Fuel Cells): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10745
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Jun 2021 | 74 Views
 
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Alternate Transportation Market Outlook – 2027

The alternate transportation market industry is responsible to manufacture various applications in various types of transportation to work and ships, which include walking/biking, public transportation, vessels, cargo, and roll-on/roll-off ships. The alternate transportation market involves the process of design, floating vessels, and the construction of ships with increase in innovation by many manufacturers seeking the growing demand in the market. The alternate transportation market operations majorly manufacture large vessels, particularly seagoing vessels. These vessels are used by trade merchants to transport in energy and military sectors. Owing to increase in sea-borne trade and relaxation in trade barriers, the demand for ships is likely to increase in the coming years. It has become increasingly clear that the dependence upon single occupancy vehicle transport is inefficient, unsustainable, and unhealthy . Whether it is a long commute in traffic, increased road range, or rise in prevalence of cancer due to rise in emission of pollutants, a lifestyle based on cars is unhealthy. The increasing population puts pressure on the existing transportation system to meet its requirement and is expected to boost the alternate transportation market in the near future.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type, Application, and Fuel

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

  Companies covered

Hyperloop One, SpaceX, Transport Inc., DELFT hyperloop, Aecom, Baidu Inc, NuTonomy, Tesla Inc., Parrot Sa, Da-Jiang Innovations (DJI), Yuneec, Lockheed Martin Corp., and Aero environment

 

COVID-19 scenario analysis

  • The impact of the coronavirus will affect the sales of automobiles in every country, which will impact the electric transporters market as well.
  • Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of alternate transportation systems across the globe, thereby increasing the supply–demand gap.
  • Thus, insufficiency in raw material supply is expected to hamper the production rate of alternate transportation systems, which negatively impacts the market growth.
  • However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Some of the factors that are expected to boost the market growth are development of infrastructure across the globe and increase in government concern on the environment. However, the safety of passengers in driverless vehicles, lack of awareness about the technologies, and high initial investment on such projects are the factors that hinder the growth of this market. Conversely, continuous R&D in technology to make such transportation means feasible in terms of implementation is expected to offer lucrative opportunities for the market in the forecasting period.

Alternate transportation market trends are as follows:

The rapid development of infrastructure across the globe

The substantial public investment in infrastructure has particularly boosted employment and increased access to essential services such as water and sanitation. The infrastructure investments by developing economies diversify the economy and developed a natural resource sector in an environmentally sustainable and equitable manner. However, overly expansionary fiscal policy, in particular universal cash payments from these development funds, has created inflationary pressures and forced the infrastructure of these economies to develop further.

Increase in government concern on the environment

Increase in population exerts pressure on the existing transportation system to meet its requirement. In addition, rise in environmental issues due to the extensive use of fossils to fuel the vehicle has led to a shift toward electrically powered vehicles. In addition, the governments across the globe have implemented many strategies to overcome the situation, some of them include alternative transportation. Hence, the subsidies provided by governments across the globe will substantially improve the growth of the market during the forecast period.

Key segments covered

Segments

Subsegments

  Type

  • Air
  • Road
  • Rail
  • Vacuum tubes/pneumatic pressure tube

  Application

  • Freight/carriage vehicle
  • Personal vehicle
  • Passenger vehicle

  Fuel

  • Electricity
  • Fuel Cells

Key benefits of the report

  • This study presents the analytical depiction of the alternate transportation market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the alternate transportation market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the alternate transportation market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the alternate transportation market research report:

  • Which are the leading players active in the alternate transportation market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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