Dublin, June 23, 2021 (GLOBE NEWSWIRE) -- The "Global Hyperloop Technology Market with COVID-19 Impact by Transportation System (Capsule, Guideway, Propulsion System, and Route), Carriage Type (Passenger, and Freight), Speed (Less than 700 mph, and More than 700 mph), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The Hyperloop Technology market with COVID-19 impact is expected to grow from USD 1.2 billion in 2021 to USD 6.6 billion by 2026, at a CAGR of 40.4%.
The major factors driving the growth of the Hyperloop Technology market are decreased travel time and transport costs. less expensive and minimum infrastructural maintenance, creation of hyperloop network requires less land area, tolerance to earthquakes and other natural calamities and emphasis on solar power for energy consumption in the hyperloop transportation technology.
However, Lack of awareness regarding hyperloop transportation technology, regulation not yet implemented for hyperloop transportation technology by governments and bureaucrats and safety and security concerns is expected to restrain the growth of the market.
Guideway is attributed to holding a major share of the Hyperloop Technology market
Guideway is attributed to holding a major share in the coming years owing to the increasing construction of elevated structures depending on the terrain of the tracks.
Freight transportation is expected to grow at the highest CAGR in the coming years
Freight transportation is expected to grow at the highest CAGR due to less regulations and minimal environmental restraints (for instance, impact of acceleration and pressure) for cargos, it is expected to attain higher adoption in the coming years.
Less than 700mph is attributed to holding a major share in the Hyperloop Technology market
Less than 700mph is attributed to hold a major share in the Hyperloop Technology market because in the present scenario, hyperloop with speed less than 700 mph seems to be more feasible as per the tests conducted by different players in the Hyperloop Technology market.
APAC to witness highest CAGR of Hyperloop Technology market during the forecast period
APAC is expected to witness highest CAGR as the companies that are into hyperloop technology are focusing on this region due to the presence of a few evolved economies and the population crisis leading to crowded streets. Australia, India and South Korea are countries that have already signed MoUs with hyperloop companies and are working on the commercialization phase.
The Hyperloop Technology market was dominated by Virgin Hyperloop (US), Hyperloop Transportation Technologies (US), Hardt B.V. (Netherlands), TRANSPOD (Canada), and Zeleros (Spain).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
3.1 Impact of COVID-19 on Hyperloop Market
3.2 Pre-COVID-19
3.3 Post-COVID-19
3.4 Regional Impact
4 Premium Insights
4.1 Attractive Opportunities in Hyperloop Market:Rising Demand for Decreased Travel Time to Propel Hyperloop Market Growth from 2021 to 2026
4.2 Hyperloop Market, Transportation System:Capsule to Register Highest CAGR in Hyperloop Market During Forecast Period
4.3 Hyperloop Market, by Carriage Type:Passenger to Hold Larger Share of Hyperloop Market in 2026
4.4 Hyperloop Market, by Speed: More Than 700 mph to Exhibit Higher CAGR in Hyperloop Market During Forecast Period
4.5 APAC to Record Highest CAGR in Hyperloop Market During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Decreased Travel Time and Transport Costs
5.3.1.2 Less Expensive and Minimum Infrastructural Maintenance
5.3.1.3 Creation of Hyperloop Network Requires Less Land Area
5.3.1.4 Tolerance to Earthquakes and Other Natural Calamities
5.3.1.5 Emphasis on Solar Power for Energy Consumption in The Hyperloop Transportation Technology
5.3.2 Restraints
5.3.2.1 Lack of Awareness Regarding Hyperloop Transportation Technology
5.3.2.2 Regulations Not Yet Implemented for Hyperloop Transportation Technology by Governments and Bureaucrats
5.3.2.3 Safety and Security Concerns
5.3.3 Opportunities
5.3.3.1 Reduction in Travelling-Related Expenses
5.3.3.2 Need for Urban Decongestion
5.3.3.3 Boost to Energy-Efficient Transportation with the Use Of Hyperloop Technology
5.3.4 Challenges
5.3.4.1 Shortages of Capital from Government and Capital Investors
5.3.4.2 Possibility of Passenger Emergency Due to Power Outage
5.3.4.3 Capsule Depressurization Risk
5.4 Technology Analysis
5.4.1 Competitive Technologies
5.4.1.1 Maglev
5.4.1.2 High-Speed Rail
5.4.2 Venture Funding in Hyperloop Technology Market
5.4.3 Lists of Project Proposals in Hyperloop Technology Market
5.5 Case Studies
5.5.1 Cargo Hyperloop Test Track in Dubai
5.5.2 Hyperloop Test Tracks in US
5.5.3 Hyperloop Test Tracks in Europe
5.6 Hyperloop Groups/Alliances Working Worldwide
5.7 Participants of Hyperloop One Global Challenge (HOGC)
5.8 Pricing Analysis
5.8.1 Capital Cost Estimate Breakdown
5.9 Supply Chain Analysis
5.9.1 Hyperloop Original Equipment Manufacturers
5.9.2 Track Providers
5.9.3 End-Users
5.10 Ecosystem
5.11 Porter's Five Forces Analysis
5.12 Trade Analysis
5.13 Regulatory Standards
5.14 Patent Analysis
Companies Mentioned
- AECOM
- Hardt B.V.
- Hyperloop Transportation Technologies
- Nevomo
- The Boring Company (Spacex)
- TransPod
- Virgin Hyperloop
- Zeleros
For more information about this report visit https://www.researchandmarkets.com/r/6bmwbc