As per a new market research report published by Factor & Equilibrium (www.factorandequilibrium.com), “Hyperloop Market – Global Industry Insights Market Size, Estimation and Growth Forecast By Component (Capsule, Tube, Propulsion System and Others), By Carriage Type (Passenger and Cargo/Freight), & By Regions, 2021-2025” is expected to reach USD 4,275.4 Million by 2025 in terms of revenue. In 2021, the market will be valued USD 891.5 Million in terms of revenue.
Browse 14 Data Tables and 24 Figures in the full report at https://www.factorandequilibrium.com/market-report/hyperloop-market
The hyperloop market is expected to grow at an exponential rate during 2021 to 2025. Concept of hyperloop was firstly proposed by Elon musk, the Space Exploration Technologies Corporation and engineer team from Tesla Motors in August 2013. Hyperloop is magnetically levitated train that runs inside a long pipe or tube. Hyperloop architecture consists of low pressure tube along with a capsule capable of transporting at different speed level. Hyperloop system can propel passengers at an average speed of around 600 mph. Such fast transportation mode will drastically decrease travel time for passengers. It is expected that hyperloop will be ready for the market in 2020-2021. In addition, experts believe that total cost of operating hyperloop transportation is comparatively lower than most of the other transportation medium. Furthermore, hyperloop system powered by renewable energy sources can transport passengers at very low level of energy emission. Due to such benefits, demand for hyperloop is expected to grow at an exponential rate during the forecast period.
Rising demand for fast, low cost and energy efficient transportation medium has been boosting the growth of the hyperloop market
Based on component, global hyperloop market has been segmented into capsule, tube, propulsion system and others. In 2021, tube will occupy largest share in the market, accounting for more than 45% of hyperloop market size. Large scale requirements and high price are some of the factors behind the large revenue share of tube in global hyperloop market. Future demand for expanding hyperloop network will drive the revenue growth of tube segment in this market.
In terms of revenue, tube will be the largest component for hyperloop market in 2021
Based on carriage type, the market has been segmented into passenger and cargo/freight. In 2021, in terms of revenue, passenger will held the largest share, accounting for more than 50% of hyperloop market. Future growth in usage of hyperloop in passenger transportation and comparatively low transportation cost will push the growth of passenger segment.
In terms of revenue, passenger will be the largest carriage type for hyperloop market in 2021
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By region, the global hyperloop market has been segmented into four regions; North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). In 2021, North America will occupy the largest revenue share of the hyperloop market size, accounting for more than 41%. The large market share in North America can be attributed to early stage development of hyperloop in this region, growing investment in hyperloop in the U.S. and proposed expansion of hyperloop network in this region in next 5 years.
North America will occupy the largest revenue share of the hyperloop market in 2021
Leading Player Mapping
Some major players in the market are: SpaceX (The U.S.), Hyperloop Transportation Technologies (The U.S.), Aecom (The U.S.), Virgin Hyperloop One (The U.S.), Arrivo Corporation (The U.S.), Hypernet Holding Corporation (The U.S.), TransPod Inc. (Canada), Hardt Hyperloop (The Netherlands) and DGWHyperloop (India) among others.
The market has been segmented as follows:
Hyperloop Market, by Component
- Propulsion System
Hyperloop Market, by Carriage Type
Hyperloop Market, by Region:
- North America (The U.S. and Canada)
- Europe (Germany, France, CIS + Scandinavia and Rest of the Europe)
- Asia Pacific (Japan, China, India and Rest of the Asia Pacific)
- Rest of the World (RoW) (Middle East, Africa and Latin America)
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