Global Hydrogen Powered Heavy-Duty Truck Market Growth 2025-2031
Description
The global Hydrogen Powered Heavy-Duty Truck market size is predicted to grow from US$ 4065 million in 2025 to US$ 67790 million in 2031; it is expected to grow at a CAGR of 59.8% from 2025 to 2031.
The Hydrogen Powered Heavy-Duty Truck is a large transport vehicle that uses hydrogen fuel cells as its main power source. It generates electricity through the electrochemical reaction of hydrogen and oxygen in the fuel cell, drives the electric motor to work, and then propels the vehicle. The high energy density of hydrogen enables the Hydrogen Powered Heavy-Duty Truck to achieve a long range, making it suitable for long-distance transportation tasks. It has strong traction and carrying capacity, and is suitable for heavy-load cargo transportation. Hydrogen Powered Heavy-Duty Truck is widely used in logistics distribution, port transportation, mining and other fields, especially in areas with strict environmental protection requirements and around cities.
Global Hydrogen Heavy Trucks key players include Toyota, Hyundai Motor Company, Hyzon Motors, Foshan Feichi Automobile and Zhengzhou Yutong, etc. Global top five manufacturers hold a share over 40%.
The largest market is North America, has a share over 32%, followed by APAC and Europe, with around 30% and 18% market share respectively.
In terms of product, Over 500 kilometers is the largest segment, with a share about 55%. And in terms of application, the largest application is Mineral Transportation, has a share about 25%, followed by City Construction, Intercity Logistics and Harbor Transportation.
The continuous progress of hydrogen fuel cell technology and hydrogen storage technology has significantly improved the performance and reliability of hydrogen heavy-duty trucks. The application of new materials makes fuel cells more efficient, while the design of high-pressure hydrogen storage tanks increases the storage density of hydrogen and extends the vehicle's range. Governments and companies are actively investing in the construction of hydrogen refueling station networks to provide the necessary infrastructure support for the large-scale application of hydrogen heavy-duty trucks. Especially in logistics hubs, ports and industrial parks, the layout of hydrogen refueling stations will greatly improve the operational convenience of hydrogen heavy-duty trucks. Many countries and regions have introduced policies to encourage the development of hydrogen energy, such as subsidies, tax incentives and emission standards, which have promoted the rapid development of the hydrogen heavy-duty truck market. These policies not only reduce users' procurement costs, but also promote technology research and development and market promotion.
LP Information, Inc. (LPI) ' newest research report, the “Hydrogen Powered Heavy-Duty Truck Industry Forecast” looks at past sales and reviews total world Hydrogen Powered Heavy-Duty Truck sales in 2024, providing a comprehensive analysis by region and market sector of projected Hydrogen Powered Heavy-Duty Truck sales for 2025 through 2031. With Hydrogen Powered Heavy-Duty Truck sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hydrogen Powered Heavy-Duty Truck industry.
This Insight Report provides a comprehensive analysis of the global Hydrogen Powered Heavy-Duty Truck 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 Heavy-Duty Truck portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hydrogen Powered Heavy-Duty Truck market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydrogen Powered Heavy-Duty Truck 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 Heavy-Duty Truck.
This report presents a comprehensive overview, market shares, and growth opportunities of Hydrogen Powered Heavy-Duty Truck market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Below 400 kilometers
400-500 kilometers
Over 500 kilometers
Segmentation by Application:
Intercity Logistics
City Construction
Harbor Transportation
Mineral Transportation
Others
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.
Toyota
Hyundai Motor Company
Hyzon Motors
Foshan Feichi Automobile
Zhengzhou Yutong
Dongfeng Motor
Foton Motor
FAW Jiefang
Nanjing Golden Dragon
Xiamen King Long United Automotive
SANY Group
King Long
Dayun Group
XCMG
Nikola Corporation
SAIC Hongyan
Shaanxi Automobile
Grove Hydrogen Energy Technology Group
Fujian Wisdom Motor
Jiangling Motors Corporation
Key Questions Addressed in this Report
What is the 10-year outlook for the global Hydrogen Powered Heavy-Duty Truck market?
What factors are driving Hydrogen Powered Heavy-Duty Truck market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Hydrogen Powered Heavy-Duty Truck market opportunities vary by end market size?
How does Hydrogen Powered Heavy-Duty Truck break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The Hydrogen Powered Heavy-Duty Truck is a large transport vehicle that uses hydrogen fuel cells as its main power source. It generates electricity through the electrochemical reaction of hydrogen and oxygen in the fuel cell, drives the electric motor to work, and then propels the vehicle. The high energy density of hydrogen enables the Hydrogen Powered Heavy-Duty Truck to achieve a long range, making it suitable for long-distance transportation tasks. It has strong traction and carrying capacity, and is suitable for heavy-load cargo transportation. Hydrogen Powered Heavy-Duty Truck is widely used in logistics distribution, port transportation, mining and other fields, especially in areas with strict environmental protection requirements and around cities.
Global Hydrogen Heavy Trucks key players include Toyota, Hyundai Motor Company, Hyzon Motors, Foshan Feichi Automobile and Zhengzhou Yutong, etc. Global top five manufacturers hold a share over 40%.
The largest market is North America, has a share over 32%, followed by APAC and Europe, with around 30% and 18% market share respectively.
In terms of product, Over 500 kilometers is the largest segment, with a share about 55%. And in terms of application, the largest application is Mineral Transportation, has a share about 25%, followed by City Construction, Intercity Logistics and Harbor Transportation.
The continuous progress of hydrogen fuel cell technology and hydrogen storage technology has significantly improved the performance and reliability of hydrogen heavy-duty trucks. The application of new materials makes fuel cells more efficient, while the design of high-pressure hydrogen storage tanks increases the storage density of hydrogen and extends the vehicle's range. Governments and companies are actively investing in the construction of hydrogen refueling station networks to provide the necessary infrastructure support for the large-scale application of hydrogen heavy-duty trucks. Especially in logistics hubs, ports and industrial parks, the layout of hydrogen refueling stations will greatly improve the operational convenience of hydrogen heavy-duty trucks. Many countries and regions have introduced policies to encourage the development of hydrogen energy, such as subsidies, tax incentives and emission standards, which have promoted the rapid development of the hydrogen heavy-duty truck market. These policies not only reduce users' procurement costs, but also promote technology research and development and market promotion.
LP Information, Inc. (LPI) ' newest research report, the “Hydrogen Powered Heavy-Duty Truck Industry Forecast” looks at past sales and reviews total world Hydrogen Powered Heavy-Duty Truck sales in 2024, providing a comprehensive analysis by region and market sector of projected Hydrogen Powered Heavy-Duty Truck sales for 2025 through 2031. With Hydrogen Powered Heavy-Duty Truck sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hydrogen Powered Heavy-Duty Truck industry.
This Insight Report provides a comprehensive analysis of the global Hydrogen Powered Heavy-Duty Truck 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 Heavy-Duty Truck portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hydrogen Powered Heavy-Duty Truck market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydrogen Powered Heavy-Duty Truck 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 Heavy-Duty Truck.
This report presents a comprehensive overview, market shares, and growth opportunities of Hydrogen Powered Heavy-Duty Truck market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Below 400 kilometers
400-500 kilometers
Over 500 kilometers
Segmentation by Application:
Intercity Logistics
City Construction
Harbor Transportation
Mineral Transportation
Others
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.
Toyota
Hyundai Motor Company
Hyzon Motors
Foshan Feichi Automobile
Zhengzhou Yutong
Dongfeng Motor
Foton Motor
FAW Jiefang
Nanjing Golden Dragon
Xiamen King Long United Automotive
SANY Group
King Long
Dayun Group
XCMG
Nikola Corporation
SAIC Hongyan
Shaanxi Automobile
Grove Hydrogen Energy Technology Group
Fujian Wisdom Motor
Jiangling Motors Corporation
Key Questions Addressed in this Report
What is the 10-year outlook for the global Hydrogen Powered Heavy-Duty Truck market?
What factors are driving Hydrogen Powered Heavy-Duty Truck market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Hydrogen Powered Heavy-Duty Truck market opportunities vary by end market size?
How does Hydrogen Powered Heavy-Duty Truck break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
132 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 Heavy-Duty Truck 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 Heavy-Duty Truck by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
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