Global Fuel Cell Electric Vehicles Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Fuel Cell Electric Vehicles Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

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.
According to APO Research, The global Fuel Cell Electric Vehicles market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.
North American market for Fuel Cell Electric Vehicles is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
Asia-Pacific market for Fuel Cell Electric Vehicles is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
Europe market for Fuel Cell Electric Vehicles is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The major global manufacturers of Fuel Cell Electric Vehicles include Honda, Hyundai, Toyota Mirai, Daimler AG., Ford Motor Company, Nissan Motor Company Ltd, General Motors Co., BMW AG and PSA Peugeot Citroën, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

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.
The Fuel Cell Electric Vehicles market size, estimations, and forecasts are provided in terms of sales volume (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Fuel Cell Electric Vehicles market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Honda
Hyundai
Toyota Mirai
Daimler AG.
Ford Motor Company
Nissan Motor Company Ltd
General Motors Co.
BMW AG
PSA Peugeot Citroën
Volkswagen Group
Mitsubishi Group
Suzuki Motor Corporation
SAIC Motor Corporation Limited
Van Hool NV
Solaris Bus & Coach S.A.
VDL Bus & Coach bv
Proterra Inc.
Zhengzhou Yutong Group Co., Ltd.
Fuel Cell Electric Vehicles segment by Type

Passenger Vehicles
Commercial Vehicles
Fuel Cell Electric Vehicles segment by Application

For Public Lease
For Sales
Fuel Cell Electric Vehicles Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Fuel Cell Electric Vehicles market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Fuel Cell Electric Vehicles and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Fuel Cell Electric Vehicles.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: 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 3: Detailed analysis of Fuel Cell Electric Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Fuel Cell Electric Vehicles in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: 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 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Fuel Cell Electric Vehicles Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Fuel Cell Electric Vehicles Sales Estimates and Forecasts (2019-2030)
1.3 Fuel Cell Electric Vehicles Market by Type
1.3.1 Passenger Vehicles
1.3.2 Commercial Vehicles
1.4 Global Fuel Cell Electric Vehicles Market Size by Type
1.4.1 Global Fuel Cell Electric Vehicles Market Size Overview by Type (2019-2030)
1.4.2 Global Fuel Cell Electric Vehicles Historic Market Size Review by Type (2019-2024)
1.4.3 Global Fuel Cell Electric Vehicles Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Fuel Cell Electric Vehicles Sales Breakdown by Type (2019-2024)
1.5.2 Europe Fuel Cell Electric Vehicles Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Fuel Cell Electric Vehicles Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Fuel Cell Electric Vehicles Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Fuel Cell Electric Vehicles Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Fuel Cell Electric Vehicles Industry Trends
2.2 Fuel Cell Electric Vehicles Industry Drivers
2.3 Fuel Cell Electric Vehicles Industry Opportunities and Challenges
2.4 Fuel Cell Electric Vehicles Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Fuel Cell Electric Vehicles Revenue (2019-2024)
3.2 Global Top Players by Fuel Cell Electric Vehicles Sales (2019-2024)
3.3 Global Top Players by Fuel Cell Electric Vehicles Price (2019-2024)
3.4 Global Fuel Cell Electric Vehicles Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Fuel Cell Electric Vehicles Key Company Manufacturing Sites & Headquarters
3.6 Global Fuel Cell Electric Vehicles Company, Product Type & Application
3.7 Global Fuel Cell Electric Vehicles Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Fuel Cell Electric Vehicles Market CR5 and HHI
3.8.2 Global Top 5 and 10 Fuel Cell Electric Vehicles Players Market Share by Revenue in 2023
3.8.3 2023 Fuel Cell Electric Vehicles Tier 1, Tier 2, and Tier 3
4 Fuel Cell Electric Vehicles Regional Status and Outlook
4.1 Global Fuel Cell Electric Vehicles Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Fuel Cell Electric Vehicles Historic Market Size by Region
4.2.1 Global Fuel Cell Electric Vehicles Sales in Volume by Region (2019-2024)
4.2.2 Global Fuel Cell Electric Vehicles Sales in Value by Region (2019-2024)
4.2.3 Global Fuel Cell Electric Vehicles Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Fuel Cell Electric Vehicles Forecasted Market Size by Region
4.3.1 Global Fuel Cell Electric Vehicles Sales in Volume by Region (2025-2030)
4.3.2 Global Fuel Cell Electric Vehicles Sales in Value by Region (2025-2030)
4.3.3 Global Fuel Cell Electric Vehicles Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Fuel Cell Electric Vehicles by Application
5.1 Fuel Cell Electric Vehicles Market by Application
5.1.1 For Public Lease
5.1.2 For Sales
5.2 Global Fuel Cell Electric Vehicles Market Size by Application
5.2.1 Global Fuel Cell Electric Vehicles Market Size Overview by Application (2019-2030)
5.2.2 Global Fuel Cell Electric Vehicles Historic Market Size Review by Application (2019-2024)
5.2.3 Global Fuel Cell Electric Vehicles Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Fuel Cell Electric Vehicles Sales Breakdown by Application (2019-2024)
5.3.2 Europe Fuel Cell Electric Vehicles Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Fuel Cell Electric Vehicles Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Fuel Cell Electric Vehicles Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Fuel Cell Electric Vehicles Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 Honda
6.1.1 Honda Comapny Information
6.1.2 Honda Business Overview
6.1.3 Honda Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Honda Fuel Cell Electric Vehicles Product Portfolio
6.1.5 Honda Recent Developments
6.2 Hyundai
6.2.1 Hyundai Comapny Information
6.2.2 Hyundai Business Overview
6.2.3 Hyundai Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Hyundai Fuel Cell Electric Vehicles Product Portfolio
6.2.5 Hyundai Recent Developments
6.3 Toyota Mirai
6.3.1 Toyota Mirai Comapny Information
6.3.2 Toyota Mirai Business Overview
6.3.3 Toyota Mirai Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Toyota Mirai Fuel Cell Electric Vehicles Product Portfolio
6.3.5 Toyota Mirai Recent Developments
6.4 Daimler AG.
6.4.1 Daimler AG. Comapny Information
6.4.2 Daimler AG. Business Overview
6.4.3 Daimler AG. Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Daimler AG. Fuel Cell Electric Vehicles Product Portfolio
6.4.5 Daimler AG. Recent Developments
6.5 Ford Motor Company
6.5.1 Ford Motor Company Comapny Information
6.5.2 Ford Motor Company Business Overview
6.5.3 Ford Motor Company Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Ford Motor Company Fuel Cell Electric Vehicles Product Portfolio
6.5.5 Ford Motor Company Recent Developments
6.6 Nissan Motor Company Ltd
6.6.1 Nissan Motor Company Ltd Comapny Information
6.6.2 Nissan Motor Company Ltd Business Overview
6.6.3 Nissan Motor Company Ltd Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Nissan Motor Company Ltd Fuel Cell Electric Vehicles Product Portfolio
6.6.5 Nissan Motor Company Ltd Recent Developments
6.7 General Motors Co.
6.7.1 General Motors Co. Comapny Information
6.7.2 General Motors Co. Business Overview
6.7.3 General Motors Co. Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.7.4 General Motors Co. Fuel Cell Electric Vehicles Product Portfolio
6.7.5 General Motors Co. Recent Developments
6.8 BMW AG
6.8.1 BMW AG Comapny Information
6.8.2 BMW AG Business Overview
6.8.3 BMW AG Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.8.4 BMW AG Fuel Cell Electric Vehicles Product Portfolio
6.8.5 BMW AG Recent Developments
6.9 PSA Peugeot Citroën
6.9.1 PSA Peugeot Citroën Comapny Information
6.9.2 PSA Peugeot Citroën Business Overview
6.9.3 PSA Peugeot Citroën Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.9.4 PSA Peugeot Citroën Fuel Cell Electric Vehicles Product Portfolio
6.9.5 PSA Peugeot Citroën Recent Developments
6.10 Volkswagen Group
6.10.1 Volkswagen Group Comapny Information
6.10.2 Volkswagen Group Business Overview
6.10.3 Volkswagen Group Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Volkswagen Group Fuel Cell Electric Vehicles Product Portfolio
6.10.5 Volkswagen Group Recent Developments
6.11 Mitsubishi Group
6.11.1 Mitsubishi Group Comapny Information
6.11.2 Mitsubishi Group Business Overview
6.11.3 Mitsubishi Group Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Mitsubishi Group Fuel Cell Electric Vehicles Product Portfolio
6.11.5 Mitsubishi Group Recent Developments
6.12 Suzuki Motor Corporation
6.12.1 Suzuki Motor Corporation Comapny Information
6.12.2 Suzuki Motor Corporation Business Overview
6.12.3 Suzuki Motor Corporation Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Suzuki Motor Corporation Fuel Cell Electric Vehicles Product Portfolio
6.12.5 Suzuki Motor Corporation Recent Developments
6.13 SAIC Motor Corporation Limited
6.13.1 SAIC Motor Corporation Limited Comapny Information
6.13.2 SAIC Motor Corporation Limited Business Overview
6.13.3 SAIC Motor Corporation Limited Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.13.4 SAIC Motor Corporation Limited Fuel Cell Electric Vehicles Product Portfolio
6.13.5 SAIC Motor Corporation Limited Recent Developments
6.14 Van Hool NV
6.14.1 Van Hool NV Comapny Information
6.14.2 Van Hool NV Business Overview
6.14.3 Van Hool NV Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.14.4 Van Hool NV Fuel Cell Electric Vehicles Product Portfolio
6.14.5 Van Hool NV Recent Developments
6.15 Solaris Bus & Coach S.A.
6.15.1 Solaris Bus & Coach S.A. Comapny Information
6.15.2 Solaris Bus & Coach S.A. Business Overview
6.15.3 Solaris Bus & Coach S.A. Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.15.4 Solaris Bus & Coach S.A. Fuel Cell Electric Vehicles Product Portfolio
6.15.5 Solaris Bus & Coach S.A. Recent Developments
6.16 VDL Bus & Coach bv
6.16.1 VDL Bus & Coach bv Comapny Information
6.16.2 VDL Bus & Coach bv Business Overview
6.16.3 VDL Bus & Coach bv Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.16.4 VDL Bus & Coach bv Fuel Cell Electric Vehicles Product Portfolio
6.16.5 VDL Bus & Coach bv Recent Developments
6.17 Proterra Inc.
6.17.1 Proterra Inc. Comapny Information
6.17.2 Proterra Inc. Business Overview
6.17.3 Proterra Inc. Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.17.4 Proterra Inc. Fuel Cell Electric Vehicles Product Portfolio
6.17.5 Proterra Inc. Recent Developments
6.18 Zhengzhou Yutong Group Co., Ltd.
6.18.1 Zhengzhou Yutong Group Co., Ltd. Comapny Information
6.18.2 Zhengzhou Yutong Group Co., Ltd. Business Overview
6.18.3 Zhengzhou Yutong Group Co., Ltd. Fuel Cell Electric Vehicles Sales, Revenue and Gross Margin (2019-2024)
6.18.4 Zhengzhou Yutong Group Co., Ltd. Fuel Cell Electric Vehicles Product Portfolio
6.18.5 Zhengzhou Yutong Group Co., Ltd. Recent Developments
7 North America by Country
7.1 North America Fuel Cell Electric Vehicles Sales by Country
7.1.1 North America Fuel Cell Electric Vehicles Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.1.2 North America Fuel Cell Electric Vehicles Sales by Country (2019-2024)
7.1.3 North America Fuel Cell Electric Vehicles Sales Forecast by Country (2025-2030)
7.2 North America Fuel Cell Electric Vehicles Market Size by Country
7.2.1 North America Fuel Cell Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2.2 North America Fuel Cell Electric Vehicles Market Size by Country (2019-2024)
7.2.3 North America Fuel Cell Electric Vehicles Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Fuel Cell Electric Vehicles Sales by Country
8.1.1 Europe Fuel Cell Electric Vehicles Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.1.2 Europe Fuel Cell Electric Vehicles Sales by Country (2019-2024)
8.1.3 Europe Fuel Cell Electric Vehicles Sales Forecast by Country (2025-2030)
8.2 Europe Fuel Cell Electric Vehicles Market Size by Country
8.2.1 Europe Fuel Cell Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2.2 Europe Fuel Cell Electric Vehicles Market Size by Country (2019-2024)
8.2.3 Europe Fuel Cell Electric Vehicles Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Fuel Cell Electric Vehicles Sales by Country
9.1.1 Asia-Pacific Fuel Cell Electric Vehicles Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.1.2 Asia-Pacific Fuel Cell Electric Vehicles Sales by Country (2019-2024)
9.1.3 Asia-Pacific Fuel Cell Electric Vehicles Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Fuel Cell Electric Vehicles Market Size by Country
9.2.1 Asia-Pacific Fuel Cell Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2.2 Asia-Pacific Fuel Cell Electric Vehicles Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Fuel Cell Electric Vehicles Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Fuel Cell Electric Vehicles Sales by Country
10.1.1 Latin America Fuel Cell Electric Vehicles Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.1.2 Latin America Fuel Cell Electric Vehicles Sales by Country (2019-2024)
10.1.3 Latin America Fuel Cell Electric Vehicles Sales Forecast by Country (2025-2030)
10.2 Latin America Fuel Cell Electric Vehicles Market Size by Country
10.2.1 Latin America Fuel Cell Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2.2 Latin America Fuel Cell Electric Vehicles Market Size by Country (2019-2024)
10.2.3 Latin America Fuel Cell Electric Vehicles Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Fuel Cell Electric Vehicles Sales by Country
11.1.1 Middle East and Africa Fuel Cell Electric Vehicles Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.1.2 Middle East and Africa Fuel Cell Electric Vehicles Sales by Country (2019-2024)
11.1.3 Middle East and Africa Fuel Cell Electric Vehicles Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Fuel Cell Electric Vehicles Market Size by Country
11.2.1 Middle East and Africa Fuel Cell Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2.2 Middle East and Africa Fuel Cell Electric Vehicles Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Fuel Cell Electric Vehicles Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Fuel Cell Electric Vehicles Value Chain Analysis
12.1.1 Fuel Cell Electric Vehicles Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Fuel Cell Electric Vehicles Production Mode & Process
12.2 Fuel Cell Electric Vehicles Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Fuel Cell Electric Vehicles Distributors
12.2.3 Fuel Cell Electric Vehicles Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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