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Global Fuel Cell Electric Vehicles Market Research Report 2024
Synopsis
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.
The global Fuel Cell Electric Vehicles market was valued at US$ 1236.7 million in 2023 and is anticipated to reach US$ 11750 million by 2030, witnessing a CAGR of 35.1% during the forecast period 2024-2030.
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.
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.
Report Scope
The Fuel Cell Electric Vehicles market size, estimations, and forecasts are provided in terms of output/shipments (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.
The report will help the Fuel Cell Electric Vehicles manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Hyundai
Toyota
Foton
Nanjing Golden Dragon
Yutong
Feichi Bus
Zhongtong Bus
Hyzon Motors
Xiamen Golden Dragon
Yunnan Wulong
Honda
Segment by Type
Passenger Vehicles
Commercial Vehicles
Segment by Application
For Sales
For Public Lease
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Fuel Cell Electric Vehicles manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Fuel Cell Electric Vehicles by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
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.
The global Fuel Cell Electric Vehicles market was valued at US$ 1236.7 million in 2023 and is anticipated to reach US$ 11750 million by 2030, witnessing a CAGR of 35.1% during the forecast period 2024-2030.
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.
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.
Report Scope
The Fuel Cell Electric Vehicles market size, estimations, and forecasts are provided in terms of output/shipments (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.
The report will help the Fuel Cell Electric Vehicles manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Hyundai
Toyota
Foton
Nanjing Golden Dragon
Yutong
Feichi Bus
Zhongtong Bus
Hyzon Motors
Xiamen Golden Dragon
Yunnan Wulong
Honda
Segment by Type
Passenger Vehicles
Commercial Vehicles
Segment by Application
For Sales
For Public Lease
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Fuel Cell Electric Vehicles manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Fuel Cell Electric Vehicles by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
Index1 Fuel Cell Electric Vehicles Market Overview
1.1 Product Definition
1.2 Fuel Cell Electric Vehicles Segment by Type
1.2.1 Global Fuel Cell Electric Vehicles Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Passenger Vehicles
1.2.3 Commercial Vehicles
1.3 Fuel Cell Electric Vehicles Segment by Application
1.3.1 Global Fuel Cell Electric Vehicles Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 For Sales
1.3.3 For Public Lease
1.4 Global Market Growth Prospects
1.4.1 Global Fuel Cell Electric Vehicles Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Fuel Cell Electric Vehicles Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Fuel Cell Electric Vehicles Production Estimates and Forecasts (2019-2030)
1.4.4 Global Fuel Cell Electric Vehicles Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Fuel Cell Electric Vehicles Production Market Share by Manufacturers (2019-2024)
2.2 Global Fuel Cell Electric Vehicles Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Fuel Cell Electric Vehicles, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Fuel Cell Electric Vehicles Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Fuel Cell Electric Vehicles Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Fuel Cell Electric Vehicles, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Fuel Cell Electric Vehicles, Product Offered and Application
2.8 Global Key Manufacturers of Fuel Cell Electric Vehicles, Date of Enter into This Industry
2.9 Fuel Cell Electric Vehicles Market Competitive Situation and Trends
2.9.1 Fuel Cell Electric Vehicles Market Concentration Rate
2.9.2 Global 5 and 10 Largest Fuel Cell Electric Vehicles Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Fuel Cell Electric Vehicles Production by Region
3.1 Global Fuel Cell Electric Vehicles Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Fuel Cell Electric Vehicles Production Value by Region (2019-2030)
3.2.1 Global Fuel Cell Electric Vehicles Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Fuel Cell Electric Vehicles by Region (2025-2030)
3.3 Global Fuel Cell Electric Vehicles Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Fuel Cell Electric Vehicles Production by Region (2019-2030)
3.4.1 Global Fuel Cell Electric Vehicles Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Fuel Cell Electric Vehicles by Region (2025-2030)
3.5 Global Fuel Cell Electric Vehicles Market Price Analysis by Region (2019-2024)
3.6 Global Fuel Cell Electric Vehicles Production and Value, Year-over-Year Growth
3.6.1 North America Fuel Cell Electric Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Fuel Cell Electric Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Fuel Cell Electric Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Fuel Cell Electric Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Fuel Cell Electric Vehicles Production Value Estimates and Forecasts (2019-2030)
4 Fuel Cell Electric Vehicles Consumption by Region
4.1 Global Fuel Cell Electric Vehicles Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Fuel Cell Electric Vehicles Consumption by Region (2019-2030)
4.2.1 Global Fuel Cell Electric Vehicles Consumption by Region (2019-2024)
4.2.2 Global Fuel Cell Electric Vehicles Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Fuel Cell Electric Vehicles Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Fuel Cell Electric Vehicles Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Fuel Cell Electric Vehicles Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Fuel Cell Electric Vehicles Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Fuel Cell Electric Vehicles Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Fuel Cell Electric Vehicles Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Fuel Cell Electric Vehicles Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Fuel Cell Electric Vehicles Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Fuel Cell Electric Vehicles Production by Type (2019-2030)
5.1.1 Global Fuel Cell Electric Vehicles Production by Type (2019-2024)
5.1.2 Global Fuel Cell Electric Vehicles Production by Type (2025-2030)
5.1.3 Global Fuel Cell Electric Vehicles Production Market Share by Type (2019-2030)
5.2 Global Fuel Cell Electric Vehicles Production Value by Type (2019-2030)
5.2.1 Global Fuel Cell Electric Vehicles Production Value by Type (2019-2024)
5.2.2 Global Fuel Cell Electric Vehicles Production Value by Type (2025-2030)
5.2.3 Global Fuel Cell Electric Vehicles Production Value Market Share by Type (2019-2030)
5.3 Global Fuel Cell Electric Vehicles Price by Type (2019-2030)
6 Segment by Application
6.1 Global Fuel Cell Electric Vehicles Production by Application (2019-2030)
6.1.1 Global Fuel Cell Electric Vehicles Production by Application (2019-2024)
6.1.2 Global Fuel Cell Electric Vehicles Production by Application (2025-2030)
6.1.3 Global Fuel Cell Electric Vehicles Production Market Share by Application (2019-2030)
6.2 Global Fuel Cell Electric Vehicles Production Value by Application (2019-2030)
6.2.1 Global Fuel Cell Electric Vehicles Production Value by Application (2019-2024)
6.2.2 Global Fuel Cell Electric Vehicles Production Value by Application (2025-2030)
6.2.3 Global Fuel Cell Electric Vehicles Production Value Market Share by Application (2019-2030)
6.3 Global Fuel Cell Electric Vehicles Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Hyundai
7.1.1 Hyundai Fuel Cell Electric Vehicles Corporation Information
7.1.2 Hyundai Fuel Cell Electric Vehicles Product Portfolio
7.1.3 Hyundai Fuel Cell Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Hyundai Main Business and Markets Served
7.1.5 Hyundai Recent Developments/Updates
7.2 Toyota
7.2.1 Toyota Fuel Cell Electric Vehicles Corporation Information
7.2.2 Toyota Fuel Cell Electric Vehicles Product Portfolio
7.2.3 Toyota Fuel Cell Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Toyota Main Business and Markets Served
7.2.5 Toyota Recent Developments/Updates
7.3 Foton
7.3.1 Foton Fuel Cell Electric Vehicles Corporation Information
7.3.2 Foton Fuel Cell Electric Vehicles Product Portfolio
7.3.3 Foton Fuel Cell Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Foton Main Business and Markets Served
7.3.5 Foton Recent Developments/Updates
7.4 Nanjing Golden Dragon
7.4.1 Nanjing Golden Dragon Fuel Cell Electric Vehicles Corporation Information
7.4.2 Nanjing Golden Dragon Fuel Cell Electric Vehicles Product Portfolio
7.4.3 Nanjing Golden Dragon Fuel Cell Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Nanjing Golden Dragon Main Business and Markets Served
7.4.5 Nanjing Golden Dragon Recent Developments/Updates
7.5 Yutong
7.5.1 Yutong Fuel Cell Electric Vehicles Corporation Information
7.5.2 Yutong Fuel Cell Electric Vehicles Product Portfolio
7.5.3 Yutong Fuel Cell Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Yutong Main Business and Markets Served
7.5.5 Yutong Recent Developments/Updates
7.6 Feichi Bus
7.6.1 Feichi Bus Fuel Cell Electric Vehicles Corporation Information
7.6.2 Feichi Bus Fuel Cell Electric Vehicles Product Portfolio
7.6.3 Feichi Bus Fuel Cell Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Feichi Bus Main Business and Markets Served
7.6.5 Feichi Bus Recent Developments/Updates
7.7 Zhongtong Bus
7.7.1 Zhongtong Bus Fuel Cell Electric Vehicles Corporation Information
7.7.2 Zhongtong Bus Fuel Cell Electric Vehicles Product Portfolio
7.7.3 Zhongtong Bus Fuel Cell Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Zhongtong Bus Main Business and Markets Served
7.7.5 Zhongtong Bus Recent Developments/Updates
7.8 Hyzon Motors
7.8.1 Hyzon Motors Fuel Cell Electric Vehicles Corporation Information
7.8.2 Hyzon Motors Fuel Cell Electric Vehicles Product Portfolio
7.8.3 Hyzon Motors Fuel Cell Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Hyzon Motors Main Business and Markets Served
7.7.5 Hyzon Motors Recent Developments/Updates
7.9 Xiamen Golden Dragon
7.9.1 Xiamen Golden Dragon Fuel Cell Electric Vehicles Corporation Information
7.9.2 Xiamen Golden Dragon Fuel Cell Electric Vehicles Product Portfolio
7.9.3 Xiamen Golden Dragon Fuel Cell Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Xiamen Golden Dragon Main Business and Markets Served
7.9.5 Xiamen Golden Dragon Recent Developments/Updates
7.10 Yunnan Wulong
7.10.1 Yunnan Wulong Fuel Cell Electric Vehicles Corporation Information
7.10.2 Yunnan Wulong Fuel Cell Electric Vehicles Product Portfolio
7.10.3 Yunnan Wulong Fuel Cell Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Yunnan Wulong Main Business and Markets Served
7.10.5 Yunnan Wulong Recent Developments/Updates
7.11 Honda
7.11.1 Honda Fuel Cell Electric Vehicles Corporation Information
7.11.2 Honda Fuel Cell Electric Vehicles Product Portfolio
7.11.3 Honda Fuel Cell Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Honda Main Business and Markets Served
7.11.5 Honda Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Fuel Cell Electric Vehicles Industry Chain Analysis
8.2 Fuel Cell Electric Vehicles Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Fuel Cell Electric Vehicles Production Mode & Process
8.4 Fuel Cell Electric Vehicles Sales and Marketing
8.4.1 Fuel Cell Electric Vehicles Sales Channels
8.4.2 Fuel Cell Electric Vehicles Distributors
8.5 Fuel Cell Electric Vehicles Customers
9 Fuel Cell Electric Vehicles Market Dynamics
9.1 Fuel Cell Electric Vehicles Industry Trends
9.2 Fuel Cell Electric Vehicles Market Drivers
9.3 Fuel Cell Electric Vehicles Market Challenges
9.4 Fuel Cell Electric Vehicles Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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