Global Fuel Cell Vehicle Market 2021-2025

Global Fuel Cell Vehicle Market 2021-2025

Technavio has been monitoring the fuel cell vehicle market and it is poised to grow by 176.78 thousand units during 2021-2025, progressing at a CAGR of 81.92% during the forecast period. Our report on the fuel cell 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 improved fuel efficiency and emission control and governmental push to develop more hydrogen refueling stations. In addition, improved fuel efficiency and emission control is anticipated to boost the growth of the market as well.

The fuel cell vehicle market analysis includes the type segment and geographic landscape.

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

By Type

  • Passenger cars
  • Commercial vehicles
By Geographical Landscape
  • APAC
  • North America
  • Europe
  • MEA
  • South America
This study identifies the stringent regulations to control emissionsas one of the prime reasons driving the fuel cell 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 report on fuel cell vehicle market covers the following areas:
  • Fuel cell vehicle market sizing
  • Fuel cell vehicle market forecast
  • Fuel cell 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 vehicle market vendors that include AB Volvo, Audi AG, BMW AG, Daimler AG, Honda Motor Co. Ltd., Hyster-Yale Materials Handling Inc., Hyundai Motor Group, Nissan Motor Co. Ltd., Renault SA, and Toyota Motor Corp. Also, the fuel cell vehicle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage 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 the accurate market growth.

Companies Mentioned

AB Volvo, Audi AG, BMW AG, Daimler AG, Honda Motor Co. Ltd., Hyster-Yale Materials Handling Inc., Hyundai Motor Group, Nissan Motor Co. Ltd., Renault SA, Toyota Motor Corp.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Parent Market
        • Table Parent market
        • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis : Automotive
      • 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 2020
    • Market outlook: Forecast for 2020 - 2025
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2020 - 2025 (units)
        • Table Global market: Year-over-year growth 2020 - 2025 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2020 & 2025
    • 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 2020
  • Market Segmentation by Type
    • Market segments
      • Table Type - Market share 2020-2025 (%)
    • Comparison by Type
      • Table Comparison by Type
    • Passenger cars - Market size and forecast 2020-2025
      • Table Passenger cars - Market size and forecast 2020-2025 (units)
      • Table Passenger cars - Year-over-year growth 2020-2025 (%)
    • Commercial vehicles - Market size and forecast 2020-2025
      • Table Commercial vehicles - Market size and forecast 2020-2025 (units)
      • Table Commercial vehicles - Year-over-year growth 2020-2025 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2020-2025 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2020-2025
      • Table APAC - Market size and forecast 2020-2025 (units)
      • Table APAC - Year-over-year growth 2020-2025 (%)
    • North America - Market size and forecast 2020-2025
      • Table North America - Market size and forecast 2020-2025 (units)
      • Table North America - Year-over-year growth 2020-2025 (%)
    • Europe - Market size and forecast 2020-2025
      • Table Europe - Market size and forecast 2020-2025 (units)
      • Table Europe - Year-over-year growth 2020-2025 (%)
    • MEA - Market size and forecast 2020-2025
      • Table MEA - Market size and forecast 2020-2025 (units)
      • Table MEA - Year-over-year growth 2020-2025 (%)
    • South America - Market size and forecast 2020-2025
      • Table South America - Market size and forecast 2020-2025 (units)
      • Table South America - Year-over-year growth 2020-2025 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography
  • Drivers, Challenges, and Trends
    • Market drivers
      • Improved fuel efficiency and emission control
      • Governmental push to develop more hydrogen refueling stations
      • Stringent regulations to control emissions
    • Market challenges
      • High cost of installation
      • Formation of greenhouses gases
      • On-board storage of hydrogen fuel
        • Table Impact of drivers and challenges
    • Market trends
      • Adoption plans of fuel cell vehicles in major cities
      • Developments toward ethanol-based fuel cell technology
      • Development of liquid-cooled fuel cell stack for medium commercial vehicles and heavy commercial vehicles
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
    • Competitive Landscape
  • 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
    • Audi AG
      • Table Audi AG - Overview
      • Table Audi AG - Business segments
      • Table Audi AG - Key offerings
      • Table Audi AG - Segment focus
    • BMW AG
      • Table BMW AG - Overview
      • Table BMW AG - Business segments
      • Table BMW AG - Key offerings
      • Table BMW AG - Segment focus
    • Daimler AG
      • Table Daimler AG - Overview
      • Table Daimler AG - Business segments
      • Table Daimler AG - Key offerings
      • Table Daimler AG - Segment focus
    • Honda Motor Co. Ltd.
      • Table Honda Motor Co. Ltd. - Overview
      • Table Honda Motor Co. Ltd. - Business segments
      • Table Honda Motor Co. Ltd. - Key offerings
      • Table Honda Motor Co. Ltd. - Segment focus
    • Hyster-Yale Materials Handling Inc.
      • Table Hyster-Yale Materials Handling Inc. - Overview
      • Table Hyster-Yale Materials Handling Inc. - Business segments
      • Table Hyster-Yale Materials Handling Inc. - Key offerings
      • Table Hyster-Yale Materials Handling Inc. - Segment focus
    • Hyundai Motor Group
      • Table Hyundai Motor Group - Overview
      • Table Hyundai Motor Group - Business segments
      • Table Hyundai Motor Group - Key offerings
      • Table Hyundai Motor Group - Segment focus
    • Nissan Motor Co. Ltd.
      • Table Nissan Motor Co. Ltd. - Overview
      • Table Nissan Motor Co. Ltd. - Business segments
      • Table Nissan Motor Co. Ltd. - Key offerings
      • Table Nissan Motor Co. Ltd. - Segment focus
    • Renault SA
      • Table Renault SA - Overview
      • Table Renault SA - Product and service
      • Table Renault SA - Key offerings
    • Toyota Motor Corp.
      • Table Toyota Motor Corp. - Overview
      • Table Toyota Motor Corp. - Business segments
      • Table Toyota Motor Corp. - Key offering
      • Table Toyota Motor Corp. - 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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