Global Fuel Cell Vehicle Market Size,Trends and Growth opportunity, By Vehicle Type (Passenger Cars, LCV’s, HCV’s) By Region and forecast till 2027.
Report ID : IR100924 | Industries : Automotive and Transportation | Published On :May 2024 | Page Count : 256
Global Fuel Cell Vehicle Market Size,Trends and Growth opportunity, By Vehicle Type (Passenger Cars, LCV’s, HCV’s) By Region and forecast till 2027.
Global Fuel Cell Vehicle Market
The global fuel cell vehicle market size was valued at USD 1.44 billion in 2021 and is expected to expand USD 36.89 billion at a CAGR of 49.9 % during forecast period 2022- 2027.
Fuel cell vehicles are economical than internal combustion engine vehicles and expanding their applications to increase efficiency.
Market Drivers
Growing population results in rising pollution levels along with rising petroleum prices shifted world towards the use of clean fuels and green technology to overcome carbon emissions. Additionally,The expanding automobiles and environment friendly vehicles along with strict environmental laws for hazardous gas emissions from combustion engine vehicles propelling the growth of fuel cell vehicle market.
Market Restraints
Fuel cell vehicle are expensive restraining the Fuel Cell Vehicle market growth.additionally high flammability of some fuel cell hinders the market growth.
COVID-19 Impact on global Fuel Cell Vehicle Market
Outbreak of covid-19 impacted adversely as the lockdown is imposed by government leads to shutdown of manufacturing unit and disruption in supply chain and as peoples are not steeping out from homes due to fear of contracting virus shows negative impact on Fuel Cell Vehicle market growth.
Market Segmentation
The global fuel cell vehicle market segmented on the basis of Vehicle Type.On the basis of Vehicle Type it is segmented into Passenger Cars, LCV’s, HCV’s.On the basis of Region it is segmented into North America,Europe,Asia Pacific, Latin America,MEA.
Regional Analysis
The global fuel cell vehicle market segmented into five regions North America,Europe,Asia Pacific,Latin America,MEA. Asia Pacific dominate the market due to growing sales of cars in this region. Europe also witnessed a significant rise in Fuel Cell Vehicle market.
Key Players
Various key players are listed in this report such as Daimler AG,Honda Motors Co Ltd,Nikola Corporation, Toyota Motor Corporation, Hyundai Motor Group, Ballard Power System Inc,Volvo AB, General Motors, BMW AG, Audi AG.
Market Taxonomy
• By Vehicle Type
? Passenger Cars
? LCV’s
? HCV’s
• By Region
? North America
? Europe
? Asia Pacific
? Latin America
? Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Fuel Cell Vehicle Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Fuel Cell Vehicle Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Fuel Cell Vehicle Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Fuel Cell Vehicle Market, By Vehicle Type
5.1 Y-o-Y Growth Comparison, By Vehicle Type
5.2 Global Fuel Cell Vehicle Market Share Analysis, By Vehicle Type
5.3 Global Fuel Cell Vehicle Market Share Analysis, By Vehicle Type
5.3.1 Passenger Cars
5.3.2 LCV’s
5.3.3 HCV’s
6 Global Fuel Cell Vehicle Market, By Region
6.1 Global Fuel Cell Vehicle Market Share Analysis, By Region
6.2 Global Fuel Cell Vehicle Market Share Analysis, By Region
7 North America Fuel Cell Vehicle Analysis and Forecast (2022-2027)
7.1 Introduction
7.2 North America Fuel Cell Vehicle Size and Forecast, By Vehicle Type
7.3 North America Fuel Cell Vehicle Market Size and Forecast, By Country
7.3.1 U.S
7.3.2 Canada
7.3.3 Mexico
8 Europe Fuel Cell Vehicle Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 Europe Fuel Cell Vehicle Market Size and Forecast, By Vehicle Type
8.3 Europe Fuel Cell Vehicle Market Size and Forecast, By Country
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Rest of Europe
9 Asia Pacific Fuel Cell Vehicle Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Asia-Pacific Fuel Cell Vehicle Market Size and Forecast, By Vehicle Type
9.3 Asia-Pacific Fuel Cell Vehicle Market Size and Forecast, By Country
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Rest of Asia Pacific
10 Latin America Fuel Cell Vehicle Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Latin America Fuel Cell Vehicle Market Size and Forecast, By Vehicle Type
10.3 Latin America Fuel Cell Vehicle Market Size and Forecast, By Country
10.3.1 Brazil
10.3.2 Rest of Latin America
11 Middle East Fuel Cell Vehicle Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2Middle East Fuel Cell Vehicle Market Size and Forecast, By Vehicle Type
11.3 Middle East Fuel Cell Vehicle Market Size and Forecast, By Country
11.3.1. Saudi Arabia
11.3.2. UAE
11.3.3. Egypt
11.3.4. Kuwait
11.3.5. South Africa
12 Competitive Analysis
12.1 Competition Dashboard
12.2 Market share Analysis of Top Vendors
12.3 Key Development Strategies
13 Company Profiles
13.1. Daimler AG
13.1.1 Overview
13.1.2 Offerings
13.1.3 Key Financials
13.1.4 Business Segment & Geographic Overview
13.1.5 Key Market Developments
13.1.6 Key Strategies
13.2. Honda Motors Co Ltd
13.2.1 Overview
13.2.2 Offerings
13.2.3 Key Financials
13.2.4 Business Segment & Geographic Overview
13.2.5 Key Market Developments
13.2.6 Key Strategies
13.3. Nikola Corporation
13.3.1 Overview
13.3.2 Offerings
13.3.3 Key Financials
13.3.4 Business Segment & Geographic Overview
13.3.5 Key Market Developments
13.3.6 Key Strategies
13.4. Toyota Motor Corporation
13.4.1 Overview
13.4.2 Offerings
13.4.3 Key Financials
13.4.4 Business Segment & Geographic Overview
13.4.5 Key Market Developments
13.4.6 Key Strategies
13.5. Hyundai Motor Group
13.5.1 Overview
13.5.2 Offerings
13.5.3 Key Financials
13.5.4 Business Segment & Geographic Overview
13.5.5 Key Market Developments
13.5.6 Key Strategies
13.6. Ballard Power System Inc
13.6.1 Overview
13.6.2 Offerings
13.6.3 Key Financials
13.6.4 Business Segment & Geographic Overview
13.6.5 Key Market Developments
13.6.6 Key Strategies
13.7. Volvo AB
13.7.1 Overview
13.7.2 Offerings
13.7.3 Key Financials
13.7.4 Business Segment & Geographic Overview
13.7.5 Key Market Developments
13.7.6 Key Strategies
13.8. General Motors
13.8.1 Overview
13.8.2 Offerings
13.8.3 Key Financials
13.8.4 Business Segment & Geographic Overview
13.8.5 Key Market Developments
13.8.6 Key Strategies
13.9. BMW AG
13.9.1 Overview
13.9.2 Offerings
13.9.3 Key Financials
13.9.4 Business Segment & Geographic Overview
13.9.5 Key Market Developments
13.9.6 Key Strategies
13.10. Audi AG
13.10.1 Overview
13.10.2 Offerings
13.10.3 Key Financials
13.10.4 Business Segment & Geographic Overview
13.10.5 Key Market Developments
13.10.6 Key Strategies