Report overview
Fuel Cell Electric Vehicles or Fuel Cell Vehicles is a type of vehicle which uses a fuel cell to power its on-board electric motor. Fuel cells in vehicles create electricity to power an electric motor, generally using oxygen from the air and compressed hydrogen. They are more efficient than conventional internal combustion engine vehicles and produce no harmful tailpipe exhaust?they emit water vapor and warm air.
This report aims to provide a comprehensive presentation of the global market for Fuel Cell Electric Vehicles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Fuel Cell Electric Vehicles. This report contains market size and forecasts of Fuel Cell Electric Vehicles in global, including the following market information:
Global Fuel Cell Electric Vehicles Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Fuel Cell Electric Vehicles Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Fuel Cell Electric Vehicles companies in 2022 (%)
The global Fuel Cell Electric Vehicles market was valued at US$ 1272.5 million in 2022 and is projected to reach US$ 9638 million by 2029, at a CAGR of 33.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global fuel cell electric vehicles key players include Honda, Hyundai, Toyota Mirai, etc. Global top 2 manufacturers hold a share over 70%.
Asia-Pacific is the largest market, with a share over 75%, followed by North America, both have a share over 15 percent.
In terms of application, the largest application is for sales, with a share over 90%, followed by for public lease.
We surveyed the Fuel Cell Electric Vehicles manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Fuel Cell Electric Vehicles Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Fuel Cell Electric Vehicles Market Segment Percentages, by Type, 2022 (%)
Passenger Vehicles
Commercial Vehicles
Global Fuel Cell Electric Vehicles Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Fuel Cell Electric Vehicles Market Segment Percentages, by Application, 2022 (%)
For Sales
For Public Lease
Global Fuel Cell Electric Vehicles Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Fuel Cell Electric Vehicles Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Fuel Cell Electric Vehicles revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Fuel Cell Electric Vehicles revenues share in global market, 2022 (%)
Key companies Fuel Cell Electric Vehicles sales in global market, 2018-2023 (Estimated), (Units)
Key companies Fuel Cell Electric Vehicles sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Hyundai
Toyota
Foton
Nanjing Golden Dragon
Yutong
Feichi Bus
Zhongtong Bus
Hyzon Motors
Xiamen Golden Dragon
Yunnan Wulong
Honda
Outline of Major Chapters:
Chapter 1: Introduces the definition of Fuel Cell Electric Vehicles, market overview.
Chapter 2: Global Fuel Cell Electric Vehicles market size in revenue and volume.
Chapter 3: Detailed analysis of Fuel Cell Electric Vehicles manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Fuel Cell Electric Vehicles in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Fuel Cell Electric Vehicles capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
