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Fuel Cell Electric Bus-Global Market Insights and Sales Trends 2024
Synopsis
A fuel cell electric bus is an electric bus that possesses both a hydrogen fuel cell and batteries/capacitors to optimize performance.
The global Fuel Cell Electric Bus market size is expected to reach US$ 126550 million by 2029, growing at a CAGR of 57.0% from 2023 to 2029. The market is mainly driven by the significant applications of Fuel Cell Electric Bus in various end use industries. The expanding demands from the Intercity Transportation and Intra-city Transportation, are propelling Fuel Cell Electric Bus market. Below 80kWh, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 80-130kWh segment is estimated at % CAGR for the next seven-year period.
According to data released by the China Association of Automobile Manufacturers, in December 2022, the production and sales of hydrogen fuel cell vehicles in China was 653 and 607, respectively. In the whole year of 2022, the production and sales of hydrogen fuel cell vehicles was 3,626 and 3,367, a year-on-year increase of 105.4% and 112.8%, respectively. According to our Fuel Cell Research Center, by the end of 2022, the number of fuel cell vehicles in the world had reached 67,000 units, a year-on-year increase of 36.6%. Among them, the number of fuel cell vehicles in China was 12,682 units.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Fuel Cell Electric Bus, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Fuel Cell Electric Bus market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Fuel Cell Electric Bus market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Fuel Cell Electric Bus sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Fuel Cell Electric Bus covered in this report include NovaBus Corporation, New Flyer Industries Ltd., EvoBus, MAN, Van Hool, Hino Motors Ltd., SunLine Transit Agency, Ballard and Accelera, etc.
The global Fuel Cell Electric Bus market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
NovaBus Corporation
New Flyer Industries Ltd.
EvoBus
MAN
Van Hool
Hino Motors Ltd.
SunLine Transit Agency
Ballard
Accelera
BYD
Volgren
Global Fuel Cell Electric Bus market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Fuel Cell Electric Bus market, Segment by Type:
Below 80kWh
80-130kWh
130-165kWh
Above 165kWh
Global Fuel Cell Electric Bus market, by Application
Intercity Transportation
Intra-city Transportation
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Fuel Cell Electric Bus manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Fuel Cell Electric Bus 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 Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A fuel cell electric bus is an electric bus that possesses both a hydrogen fuel cell and batteries/capacitors to optimize performance.
The global Fuel Cell Electric Bus market size is expected to reach US$ 126550 million by 2029, growing at a CAGR of 57.0% from 2023 to 2029. The market is mainly driven by the significant applications of Fuel Cell Electric Bus in various end use industries. The expanding demands from the Intercity Transportation and Intra-city Transportation, are propelling Fuel Cell Electric Bus market. Below 80kWh, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 80-130kWh segment is estimated at % CAGR for the next seven-year period.
According to data released by the China Association of Automobile Manufacturers, in December 2022, the production and sales of hydrogen fuel cell vehicles in China was 653 and 607, respectively. In the whole year of 2022, the production and sales of hydrogen fuel cell vehicles was 3,626 and 3,367, a year-on-year increase of 105.4% and 112.8%, respectively. According to our Fuel Cell Research Center, by the end of 2022, the number of fuel cell vehicles in the world had reached 67,000 units, a year-on-year increase of 36.6%. Among them, the number of fuel cell vehicles in China was 12,682 units.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Fuel Cell Electric Bus, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Fuel Cell Electric Bus market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Fuel Cell Electric Bus market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Fuel Cell Electric Bus sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Fuel Cell Electric Bus covered in this report include NovaBus Corporation, New Flyer Industries Ltd., EvoBus, MAN, Van Hool, Hino Motors Ltd., SunLine Transit Agency, Ballard and Accelera, etc.
The global Fuel Cell Electric Bus market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
NovaBus Corporation
New Flyer Industries Ltd.
EvoBus
MAN
Van Hool
Hino Motors Ltd.
SunLine Transit Agency
Ballard
Accelera
BYD
Volgren
Global Fuel Cell Electric Bus market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Fuel Cell Electric Bus market, Segment by Type:
Below 80kWh
80-130kWh
130-165kWh
Above 165kWh
Global Fuel Cell Electric Bus market, by Application
Intercity Transportation
Intra-city Transportation
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Fuel Cell Electric Bus manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Fuel Cell Electric Bus 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 Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Fuel Cell Electric Bus Market Overview
1.1 Fuel Cell Electric Bus Product Overview
1.2 Fuel Cell Electric Bus Market Segment by Type
1.2.1 Below 80kWh
1.2.2 80-130kWh
1.2.3 130-165kWh
1.2.4 Above 165kWh
1.3 Global Fuel Cell Electric Bus Market Size by Type
1.3.1 Global Fuel Cell Electric Bus Market Size Overview by Type (2018-2029)
1.3.2 Global Fuel Cell Electric Bus Historic Market Size Review by Type (2018-2023)
1.3.3 Global Fuel Cell Electric Bus Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Fuel Cell Electric Bus Sales Breakdown by Type (2018-2023)
1.4.2 Europe Fuel Cell Electric Bus Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Fuel Cell Electric Bus Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Fuel Cell Electric Bus Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Fuel Cell Electric Bus Sales Breakdown by Type (2018-2023)
2 Global Fuel Cell Electric Bus Market Competition by Company
2.1 Global Top Players by Fuel Cell Electric Bus Sales (2018-2023)
2.2 Global Top Players by Fuel Cell Electric Bus Revenue (2018-2023)
2.3 Global Top Players by Fuel Cell Electric Bus Price (2018-2023)
2.4 Global Top Manufacturers Fuel Cell Electric Bus Manufacturing Base Distribution, Sales Area, Product Type
2.5 Fuel Cell Electric Bus Market Competitive Situation and Trends
2.5.1 Fuel Cell Electric Bus Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Fuel Cell Electric Bus Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Fuel Cell Electric Bus as of 2022)
2.7 Date of Key Manufacturers Enter into Fuel Cell Electric Bus Market
2.8 Key Manufacturers Fuel Cell Electric Bus Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Fuel Cell Electric Bus Status and Outlook by Region
3.1 Global Fuel Cell Electric Bus Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Fuel Cell Electric Bus Historic Market Size by Region
3.2.1 Global Fuel Cell Electric Bus Sales in Volume by Region (2018-2023)
3.2.2 Global Fuel Cell Electric Bus Sales in Value by Region (2018-2023)
3.2.3 Global Fuel Cell Electric Bus Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Fuel Cell Electric Bus Forecasted Market Size by Region
3.3.1 Global Fuel Cell Electric Bus Sales in Volume by Region (2024-2029)
3.3.2 Global Fuel Cell Electric Bus Sales in Value by Region (2024-2029)
3.3.3 Global Fuel Cell Electric Bus Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Fuel Cell Electric Bus by Application
4.1 Fuel Cell Electric Bus Market Segment by Application
4.1.1 Intercity Transportation
4.1.2 Intra-city Transportation
4.2 Global Fuel Cell Electric Bus Market Size by Application
4.2.1 Global Fuel Cell Electric Bus Market Size Overview by Application (2018-2029)
4.2.2 Global Fuel Cell Electric Bus Historic Market Size Review by Application (2018-2023)
4.2.3 Global Fuel Cell Electric Bus Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Fuel Cell Electric Bus Sales Breakdown by Application (2018-2023)
4.3.2 Europe Fuel Cell Electric Bus Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Fuel Cell Electric Bus Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Fuel Cell Electric Bus Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Fuel Cell Electric Bus Sales Breakdown by Application (2018-2023)
5 North America Fuel Cell Electric Bus by Country
5.1 North America Fuel Cell Electric Bus Historic Market Size by Country
5.1.1 North America Fuel Cell Electric Bus Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Fuel Cell Electric Bus Sales in Volume by Country (2018-2023)
5.1.3 North America Fuel Cell Electric Bus Sales in Value by Country (2018-2023)
5.2 North America Fuel Cell Electric Bus Forecasted Market Size by Country
5.2.1 North America Fuel Cell Electric Bus Sales in Volume by Country (2024-2029)
5.2.2 North America Fuel Cell Electric Bus Sales in Value by Country (2024-2029)
6 Europe Fuel Cell Electric Bus by Country
6.1 Europe Fuel Cell Electric Bus Historic Market Size by Country
6.1.1 Europe Fuel Cell Electric Bus Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Fuel Cell Electric Bus Sales in Volume by Country (2018-2023)
6.1.3 Europe Fuel Cell Electric Bus Sales in Value by Country (2018-2023)
6.2 Europe Fuel Cell Electric Bus Forecasted Market Size by Country
6.2.1 Europe Fuel Cell Electric Bus Sales in Volume by Country (2024-2029)
6.2.2 Europe Fuel Cell Electric Bus Sales in Value by Country (2024-2029)
7 Asia-Pacific Fuel Cell Electric Bus by Region
7.1 Asia-Pacific Fuel Cell Electric Bus Historic Market Size by Region
7.1.1 Asia-Pacific Fuel Cell Electric Bus Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Fuel Cell Electric Bus Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Fuel Cell Electric Bus Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Fuel Cell Electric Bus Forecasted Market Size by Region
7.2.1 Asia-Pacific Fuel Cell Electric Bus Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Fuel Cell Electric Bus Sales in Value by Region (2024-2029)
8 Latin America Fuel Cell Electric Bus by Country
8.1 Latin America Fuel Cell Electric Bus Historic Market Size by Country
8.1.1 Latin America Fuel Cell Electric Bus Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Fuel Cell Electric Bus Sales in Volume by Country (2018-2023)
8.1.3 Latin America Fuel Cell Electric Bus Sales in Value by Country (2018-2023)
8.2 Latin America Fuel Cell Electric Bus Forecasted Market Size by Country
8.2.1 Latin America Fuel Cell Electric Bus Sales in Volume by Country (2024-2029)
8.2.2 Latin America Fuel Cell Electric Bus Sales in Value by Country (2024-2029)
9 Middle East and Africa Fuel Cell Electric Bus by Country
9.1 Middle East and Africa Fuel Cell Electric Bus Historic Market Size by Country
9.1.1 Middle East and Africa Fuel Cell Electric Bus Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Fuel Cell Electric Bus Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Fuel Cell Electric Bus Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Fuel Cell Electric Bus Forecasted Market Size by Country
9.2.1 Middle East and Africa Fuel Cell Electric Bus Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Fuel Cell Electric Bus Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 NovaBus Corporation
10.1.1 NovaBus Corporation Company Information
10.1.2 NovaBus Corporation Introduction and Business Overview
10.1.3 NovaBus Corporation Fuel Cell Electric Bus Sales, Revenue and Gross Margin (2018-2023)
10.1.4 NovaBus Corporation Fuel Cell Electric Bus Products Offered
10.1.5 NovaBus Corporation Recent Development
10.2 New Flyer Industries Ltd.
10.2.1 New Flyer Industries Ltd. Company Information
10.2.2 New Flyer Industries Ltd. Introduction and Business Overview
10.2.3 New Flyer Industries Ltd. Fuel Cell Electric Bus Sales, Revenue and Gross Margin (2018-2023)
10.2.4 New Flyer Industries Ltd. Fuel Cell Electric Bus Products Offered
10.2.5 New Flyer Industries Ltd. Recent Development
10.3 EvoBus
10.3.1 EvoBus Company Information
10.3.2 EvoBus Introduction and Business Overview
10.3.3 EvoBus Fuel Cell Electric Bus Sales, Revenue and Gross Margin (2018-2023)
10.3.4 EvoBus Fuel Cell Electric Bus Products Offered
10.3.5 EvoBus Recent Development
10.4 MAN
10.4.1 MAN Company Information
10.4.2 MAN Introduction and Business Overview
10.4.3 MAN Fuel Cell Electric Bus Sales, Revenue and Gross Margin (2018-2023)
10.4.4 MAN Fuel Cell Electric Bus Products Offered
10.4.5 MAN Recent Development
10.5 Van Hool
10.5.1 Van Hool Company Information
10.5.2 Van Hool Introduction and Business Overview
10.5.3 Van Hool Fuel Cell Electric Bus Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Van Hool Fuel Cell Electric Bus Products Offered
10.5.5 Van Hool Recent Development
10.6 Hino Motors Ltd.
10.6.1 Hino Motors Ltd. Company Information
10.6.2 Hino Motors Ltd. Introduction and Business Overview
10.6.3 Hino Motors Ltd. Fuel Cell Electric Bus Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hino Motors Ltd. Fuel Cell Electric Bus Products Offered
10.6.5 Hino Motors Ltd. Recent Development
10.7 SunLine Transit Agency
10.7.1 SunLine Transit Agency Company Information
10.7.2 SunLine Transit Agency Introduction and Business Overview
10.7.3 SunLine Transit Agency Fuel Cell Electric Bus Sales, Revenue and Gross Margin (2018-2023)
10.7.4 SunLine Transit Agency Fuel Cell Electric Bus Products Offered
10.7.5 SunLine Transit Agency Recent Development
10.8 Ballard
10.8.1 Ballard Company Information
10.8.2 Ballard Introduction and Business Overview
10.8.3 Ballard Fuel Cell Electric Bus Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Ballard Fuel Cell Electric Bus Products Offered
10.8.5 Ballard Recent Development
10.9 Accelera
10.9.1 Accelera Company Information
10.9.2 Accelera Introduction and Business Overview
10.9.3 Accelera Fuel Cell Electric Bus Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Accelera Fuel Cell Electric Bus Products Offered
10.9.5 Accelera Recent Development
10.10 BYD
10.10.1 BYD Company Information
10.10.2 BYD Introduction and Business Overview
10.10.3 BYD Fuel Cell Electric Bus Sales, Revenue and Gross Margin (2018-2023)
10.10.4 BYD Fuel Cell Electric Bus Products Offered
10.10.5 BYD Recent Development
10.11 Volgren
10.11.1 Volgren Company Information
10.11.2 Volgren Introduction and Business Overview
10.11.3 Volgren Fuel Cell Electric Bus Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Volgren Fuel Cell Electric Bus Products Offered
10.11.5 Volgren Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Fuel Cell Electric Bus Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Fuel Cell Electric Bus Industrial Chain Analysis
11.4 Fuel Cell Electric Bus Market Dynamics
11.4.1 Fuel Cell Electric Bus Industry Trends
11.4.2 Fuel Cell Electric Bus Market Drivers
11.4.3 Fuel Cell Electric Bus Market Challenges
11.4.4 Fuel Cell Electric Bus Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Fuel Cell Electric Bus Distributors
12.3 Fuel Cell Electric Bus Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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