Global Hydrogen Heavy Trucks Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Hydrogen Heavy Trucks market size was valued at US$ 1794 million in 2024 and is forecast to a readjusted size of USD 38020 million by 2031 with a CAGR of 55.5% during review period.

Hydrogen heavy trucks refer to heavy trucks that use hydrogen fuel cells as a power source. Compared with traditional fuel trucks and emerging electric trucks, hydrogen heavy trucks use hydrogen fuel cell systems or hydrogen internal combustion engines in their powertrain modules to convert the chemical energy generated by hydrogen reactions into mechanical energy to propel the vehicle, achieving zero carbon emissions during driving. The future high-end trunk logistics market requires not only safety, speed, and efficiency, but also strict requirements for environmental performance. The only vehicles that can meet these requirements at the same time may be high-efficiency, high-energy-density hydrogen heavy trucks. Fuel cell technology is usually used to convert hydrogen into electricity to drive the vehicle. This technology can provide a long driving mileage and fast refueling, while the main emission product is water vapor. They usually have a long range and can meet the needs of long-distance transportation.

Global Hydrogen Heavy Trucks key players include Toyota, Hyundai Motor Company, Hyzon Motors, Foshan Feichi Automobile and Zhengzhou Yutong, etc. Global top five manufacturers hold a share over 45%.

The largest market is North America, has a share over 30%, followed by APAC and Europe, with around 30% and 18% market share respectively.

In terms of product, Over 500 kilometers is the largest segment, with a share about 50%. And in terms of application, the largest application is Mineral Transportation, has a share about 25%, followed by City Construction, Intercity Logistics and Harbor Transportation.

The government's support for the hydrogen heavy truck industry will increase further. Due to the environmental protection and sustainability of hydrogen heavy trucks, the government may formulate more policies to encourage enterprises to develop hydrogen heavy trucks, including providing financial support, tax reduction and market access convenience. Gradually applied to a wider range of fields and industries. In addition to the field of long-distance transportation, hydrogen heavy trucks can also be used in various scenarios such as urban logistics, port transportation, construction sites, etc. to meet transportation tasks with different needs. In order to support the large-scale operation of hydrogen heavy trucks, investment in hydrogen filling stations, hydrogen production and transportation facilities will be increased, and a complete hydrogen supply network will be gradually established. Enterprises in different fields will strengthen cooperation to form industrial chain cooperation and ecosystem cooperation. Enterprises in various fields such as fuel cells, hydrogen storage technology, heavy truck manufacturing, energy companies, etc. will work together to promote the development of the industry.

This report is a detailed and comprehensive analysis for global Hydrogen Heavy Trucks market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Hydrogen Heavy Trucks market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Hydrogen Heavy Trucks market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Hydrogen Heavy Trucks market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031

Global Hydrogen Heavy Trucks market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Hydrogen Heavy Trucks

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Hydrogen Heavy Trucks market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Toyota, Hyundai Motor Company, Hyzon Motors, Foshan Feichi Automobile, Zhengzhou Yutong, Dongfeng Motor, Foton Motor, FAW Jiefang, Nanjing Golden Dragon, Xiamen King Long United Automotive, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Hydrogen Heavy Trucks market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Below 400 kilometers
400-500 kilometers
Above 500 kilometers

Market segment by Application
Intercity Logistics
City Construction
Harbor Transportation
Mineral Transportation
Others

Major players covered
Toyota
Hyundai Motor Company
Hyzon Motors
Foshan Feichi Automobile
Zhengzhou Yutong
Dongfeng Motor
Foton Motor
FAW Jiefang
Nanjing Golden Dragon
Xiamen King Long United Automotive
SANY Group
King Long
Dayun Group
XCMG
Nikola Corporation
SAIC Hongyan
Shaanxi Automobile
Grove Hydrogen Energy Technology Group
Fujian Wisdom Motor
Jiangling Motors Corporation

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Hydrogen Heavy Trucks product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Hydrogen Heavy Trucks, with price, sales quantity, revenue, and global market share of Hydrogen Heavy Trucks from 2020 to 2025.

Chapter 3, the Hydrogen Heavy Trucks competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Hydrogen Heavy Trucks breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Hydrogen Heavy Trucks market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Hydrogen Heavy Trucks.

Chapter 14 and 15, to describe Hydrogen Heavy Trucks sales channel, distributors, customers, research findings and conclusion.