Global Fuel Cell Commercial Vehicle Market 2020-2024

Global Fuel Cell Commercial Vehicle Market 2020-2024

Technavio has been monitoring the fuel cell commercial vehicle market and it is poised to grow by 20.14 th units during 2020-2024 progressing at a CAGR of 45% during the forecast period. Our reports on fuel cell commercial vehicle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the decreasing fuel cell cost and favorable incentive programs for green energy vehicles. In addition, decreasing fuel cell cost is anticipated to boost the growth of the market as well.

The fuel cell commercial vehicle market analysis includes type segment and geographical landscapes

Technavio's fuel cell commercial vehicle market is segmented as below:

By Type

  • MCVs and HCVs
  • LCVs
By Geographical Landscapes
  • APAC
  • North America
  • Europe
  • MEA
  • South America
This study identifies the stringent regulations to control emissions as one of the prime reasons driving the fuel cell commercial vehicle market growth during the next few years.

"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our fuel cell commercial vehicle market covers the following areas:
  • Fuel cell commercial vehicle market sizing
  • Fuel cell commercial vehicle market forecast
  • Fuel cell commercial vehicle market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fuel cell commercial vehicle market vendors that include AB Volvo, Ashok Leyland Ltd., CNH Industrial NV, Daimler AG, Hyundai Motor Co., Nikola Corp., PACCAR Inc., Tata Motors Ltd., Toyota Motor Corporation, and Volkswagen AG. Also, the fuel cell commercial vehicle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis – Global automotive market
      • Inputs
      • Inbound logistics
      • Automobile manufacturers
      • Distribution and logistics
      • Marketing and sales
      • Aftermarket and service
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019-2024
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2019-2024 (thousand units)
        • Table Global FCCV market 2019-2024 ( thousand units), exclusive of COVID-19 impact
        • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Type
    • Market segments
      • Table Type - Market share 2019-2024 (%)
    • Comparison by Type
      • Table Comparison by Type
    • MCVs and HCVs - Market size and forecast 2019- 2024
      • Table MCVs and HCVs - Market size and forecast 2019-2024 (thousand units)
      • Table Global FCCV market in MCVs and HCVs segment 2019-2024 ( thousand units), exclusive of COVID-19 impact
      • Table MCVs and HCVs - Year-over-year growth 2019-2024 (%)
    • LCVs - Market size and forecast 2019-2024
      • Table LCVs - Market size and forecast 2019-2024 (thousand units)
      • Table Global FCCV market in LCVs segment 2019-2024 ( thousand units), exclusive of COVID-19 impact
      • Table LCVs - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type
  • Customer Landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 (thousand units)
      • Table FCCV market in APAC 2019-2024 ( thousand units), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 (thousand units)
      • Table FCCV market in North America 2019-2024 (thousand units), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 (thousand units)
      • Table FCCV market in Europe 2019-2024 ( thousand units), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 (thousand units)
      • Table FCCV market in MEA 2019-2024 ( thousand units), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 (thousand units)
      • Table FCCV market in South America 2019-2024 ( thousand units), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography (thousand units)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Decreasing fuel cell cost
      • Favorable incentive programs for green energy vehicles
        • Table Overview of tax credits
      • Stringent regulations to control emissions
    • Market challenges
      • Shortage of hydrogen fuel stations
      • Growing popularity of electric commercial vehicles
      • High adoption of flex-fuel vehicles
        • Table Impact of drivers and challenges
    • Market trends
      • Developments toward ethanol-based fuel cell technology
      • Development of liquid-cooled fuel cell stack for MCVs and HCVs
      • Growing demand for FCCVs for public and goods transportation
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • AB Volvo
      • Table AB Volvo - Overview
      • Table AB Volvo - Business segments
      • Table AB Volvo - Key news
      • Table AB Volvo - Key offerings
      • Table AB Volvo - Segment focus
    • Ashok Leyland Ltd.
      • Table Ashok Leyland Ltd. - Overview
      • Table Ashok Leyland Ltd. - Business segments
      • Table Ashok Leyland Ltd. - Key news
      • Table Ashok Leyland Ltd. - Key offerings
    • CNH Industrial NV
      • Table CNH Industrial NV - Overview
      • Table CNH Industrial NV - Business segments
      • Table CNH Industrial NV - Key news
      • Table CNH Industrial NV - Key offerings
      • Table CNH Industrial NV - Segment focus
    • Daimler AG
      • Table Daimler AG - Overview
      • Table Daimler AG - Business segments
      • Table Daimler AG - Key news
      • Table Daimler AG - Key offerings
      • Table Daimler AG - Segment focus
    • Hyundai Motor Co.
      • Table Hyundai Motor Co. - Overview
      • Table Hyundai Motor Co. - Business segments
      • Table Hyundai Motor Co. - Key news
      • Table Hyundai Motor Co. - Key offerings
      • Table Hyundai Motor Co. - Segment focus
    • Nikola Corp.
      • Table Nikola Corp. - Overview
      • Table Nikola Corp. - Product and service
      • Table Nikola Corp. - Key news
      • Table Nikola Corp. - Key offerings
    • PACCAR Inc.
      • Table PACCAR Inc. - Overview
      • Table PACCAR Inc. - Business segments
      • Table PACCAR Inc. - Key news
      • Table PACCAR Inc. - Key offerings
      • Table PACCAR Inc. - Segment focus
    • Tata Motors Ltd.
      • Table Tata Motors Ltd. - Overview
      • Table Tata Motors Ltd. - Business segments
      • Table Tata Motors Ltd. - Key news
      • Table Tata Motors Ltd. - Key offerings
      • Table Tata Motors Ltd. - Segment focus
    • Toyota Motor Corp.
      • Table Toyota Motor Corp. - Overview
      • Table Toyota Motor Corp. - Business segments
      • Table Toyota Motor Corp. - Key news
      • Table Toyota Motor Corp. - Key offerings
      • Table Toyota Motor Corp. - Segment focus
    • Volkswagen AG
      • Table Volkswagen AG - Overview
      • Table Volkswagen AG - Business segments
      • Table Volkswagen AG - Key news
      • Table Volkswagen AG - Key offerings
      • Table Volkswagen AG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and Caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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