Global Hydrogen-Powered Commercial Vehicles Market Growth 2025-2031
Description
The global Hydrogen-Powered Commercial Vehicles market size is predicted to grow from US$ 2435 million in 2025 to US$ 21330 million in 2031; it is expected to grow at a CAGR of 43.6% from 2025 to 2031.
Hydrogen-powered commercial vehicles are vehicles that use hydrogen fuel cells to generate electricity and power their electric motors. These vehicles are similar to battery-electric vehicles in that they use an electric motor to drive the wheels, but instead of using a battery to store electricity, they use a fuel cell to convert hydrogen into electricity. Hydrogen-powered commercial vehicles include buses, trucks, and other heavy-duty vehicles that require large amounts of power. They offer several advantages over traditional fossil fuel-powered vehicles, including zero emissions, longer range, and quicker refueling times. However, the technology is still relatively new and the infrastructure for hydrogen refueling is not yet as widespread as that for gasoline or diesel fuel.
United States market for Hydrogen-Powered Commercial Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Hydrogen-Powered Commercial Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Hydrogen-Powered Commercial Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Hydrogen-Powered Commercial Vehicles players cover Hyundai, Geely, Foton, Nanjing Golden Dragon, Yutong, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Hydrogen-Powered Commercial Vehicles Industry Forecast” looks at past sales and reviews total world Hydrogen-Powered Commercial Vehicles sales in 2024, providing a comprehensive analysis by region and market sector of projected Hydrogen-Powered Commercial Vehicles sales for 2025 through 2031. With Hydrogen-Powered Commercial Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hydrogen-Powered Commercial Vehicles industry.
This Insight Report provides a comprehensive analysis of the global Hydrogen-Powered Commercial Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hydrogen-Powered Commercial Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hydrogen-Powered Commercial Vehicles market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydrogen-Powered Commercial Vehicles and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hydrogen-Powered Commercial Vehicles.
This report presents a comprehensive overview, market shares, and growth opportunities of Hydrogen-Powered Commercial Vehicles market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Bus
Truck
Segmentation by Application:
For Sales
For Public Lease
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Hyundai
Geely
Foton
Nanjing Golden Dragon
Yutong
Feichi Bus
Zhongtong Bus
Hyzon Motors
Xiamen Golden Dragon
Yunnan Wulong
Nikola
SAIC HONGYAN
Dongfeng Motor
Renault Group
Key Questions Addressed in this Report
What is the 10-year outlook for the global Hydrogen-Powered Commercial Vehicles market?
What factors are driving Hydrogen-Powered Commercial Vehicles market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Hydrogen-Powered Commercial Vehicles market opportunities vary by end market size?
How does Hydrogen-Powered Commercial Vehicles break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Hydrogen-powered commercial vehicles are vehicles that use hydrogen fuel cells to generate electricity and power their electric motors. These vehicles are similar to battery-electric vehicles in that they use an electric motor to drive the wheels, but instead of using a battery to store electricity, they use a fuel cell to convert hydrogen into electricity. Hydrogen-powered commercial vehicles include buses, trucks, and other heavy-duty vehicles that require large amounts of power. They offer several advantages over traditional fossil fuel-powered vehicles, including zero emissions, longer range, and quicker refueling times. However, the technology is still relatively new and the infrastructure for hydrogen refueling is not yet as widespread as that for gasoline or diesel fuel.
United States market for Hydrogen-Powered Commercial Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Hydrogen-Powered Commercial Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Hydrogen-Powered Commercial Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Hydrogen-Powered Commercial Vehicles players cover Hyundai, Geely, Foton, Nanjing Golden Dragon, Yutong, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Hydrogen-Powered Commercial Vehicles Industry Forecast” looks at past sales and reviews total world Hydrogen-Powered Commercial Vehicles sales in 2024, providing a comprehensive analysis by region and market sector of projected Hydrogen-Powered Commercial Vehicles sales for 2025 through 2031. With Hydrogen-Powered Commercial Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hydrogen-Powered Commercial Vehicles industry.
This Insight Report provides a comprehensive analysis of the global Hydrogen-Powered Commercial Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hydrogen-Powered Commercial Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hydrogen-Powered Commercial Vehicles market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydrogen-Powered Commercial Vehicles and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hydrogen-Powered Commercial Vehicles.
This report presents a comprehensive overview, market shares, and growth opportunities of Hydrogen-Powered Commercial Vehicles market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Bus
Truck
Segmentation by Application:
For Sales
For Public Lease
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Hyundai
Geely
Foton
Nanjing Golden Dragon
Yutong
Feichi Bus
Zhongtong Bus
Hyzon Motors
Xiamen Golden Dragon
Yunnan Wulong
Nikola
SAIC HONGYAN
Dongfeng Motor
Renault Group
Key Questions Addressed in this Report
What is the 10-year outlook for the global Hydrogen-Powered Commercial Vehicles market?
What factors are driving Hydrogen-Powered Commercial Vehicles market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Hydrogen-Powered Commercial Vehicles market opportunities vary by end market size?
How does Hydrogen-Powered Commercial Vehicles break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
117 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Hydrogen-Powered Commercial Vehicles by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Hydrogen-Powered Commercial Vehicles by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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