Global Hydrogen Fuel Cell Vehicle Market By Vehicle Type (Passenger Cars and Commercial Vehicles), By Power Output (250 kW), By Region, Competition, Forecast & Opportunities, 2026

The Global Hydrogen Fuel Cell Vehicle Market is expected to grow at an impressive rate during the forecast period. The Global Hydrogen Fuel Cell Vehicle Market is driven by the growing environmental concerns due to increasing air pollution and climate change. The hydrogen fuel cell vehicles are helpful in reducing the emissions since they do not produce greenhouse gases. This in turn is expected to positively impact the market growth through 2026. Besides, hydrogen fuel cell vehicles are low maintenance vehicles which function silently without creating a lot of noise. Additionally, supportive government policies, schemes and grants to promote cleaner technologies is further anticipated to propel the market during the forecast period. However, high initial investment is required to develop the hydrogen fuel cell vehicle infrastructure which can hamper the market growth over the next few years. Additionally, lack of awareness about these vehicles and presence of a smaller number of manufacturers in the market further restrict the market growth.

The Global Hydrogen Fuel Cell Vehicle Market is segmented based on vehicle type, power output, company and region. Based on the vehicle type, the market has been categorized into passenger cars and commercial vehicles. The passenger cars segment is expected to dominate the market during the forecast period. this can be ascribed to the associated benefits such as ease in parking, improved gas mileage and affordability.

Regionally, the Global Hydrogen Fuel Cell Vehicle Market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. North America is expected to dominate the overall hydrogen fuel cell vehicle market owing to the increasing awareness among the population towards environmental protection and sustainability. Additionally, supportive government schemes & policies are further supporting the market growth in the region.

The major players operating in the Global Hydrogen Fuel Cell Vehicle Market are Honda Motor Company, Ltd., Toyota Motor Corporation, Hyundai Motor Company, Daimler, Audi, BMW, Volvo, Ballard Power Systems, General Motors, Kia Motor Corporation, MAN, Groupe Renault, Tata Motors Limited, Hydrogenics, Mazda Motor Corporation and others. Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026

Objective of the Study:

To analyze and estimate the market size of the Global Hydrogen Fuel Cell Vehicle Market from 2016 to 2019.
To estimate and forecast the market size of the Global Hydrogen Fuel Cell Vehicle Market from 2020 to 2026 and growth rate until 2026.
To classify and forecast the Global Hydrogen Fuel Cell Vehicle Market based on vehicle type, power output, company and regional distribution.
To identify dominant region or segment in the Global Hydrogen Fuel Cell Vehicle Market.
To identify drivers and challenges for the Global Hydrogen Fuel Cell Vehicle Market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Hydrogen Fuel Cell Vehicle Market.
To identify and analyze the profile of leading players operating in the Global Hydrogen Fuel Cell Vehicle Market.
To identify key sustainable strategies adopted by market players in the Global Hydrogen Fuel Cell Vehicle Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the globe.

The publisher calculated the market size of the Global Hydrogen Fuel Cell Vehicle Market by using a bottom-up approach, wherein the data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

Hydrogen fuel cell vehicle manufacturers/suppliers/distributors
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to hydrogen fuel cell vehicle

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Global Hydrogen Fuel Cell Vehicle Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Hydrogen Fuel Cell Vehicle Market, By Vehicle Type:

Passenger Cars
Commercial Vehicles

Global Hydrogen Fuel Cell Vehicle Market, By Power Output:

< 150 kW
150-250 kW
>250 kW

Global Hydrogen Fuel Cell Vehicle Market, By Region:

North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Asia-Pacific
China
Japan
India
South Korea
Australia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
South America
Brazil
Argentina
Colombia

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Hydrogen Fuel Cell Vehicle Market.

Available Customizations:
With the given market data, the publisher offers customizations according to a client’s specific needs.
This report is 80% complete and will include the latest impact analysis of Covid-19 with actual 2020 market data. This report will be delivered in three working days post order confirmation

Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.

1. Product Overview2. Research Methodology3. Impact of COVID-19 on Global Hydrogen Fuel Cell Vehicle Market4. Executive Summary5. Voice of Customer

6. Global Hydrogen Fuel Cell Vehicle Market Outlook

6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Passenger Cars and Commercial Vehicles)
6.2.2. By Power Output (< 150 kW, 150–250 kW, >250 kW)
6.2.3. By Company (2020)
6.2.4. By Region
6.3. Market Attractiveness Index

7. Asia-Pacific Hydrogen Fuel Cell Vehicle Market Outlook

7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
7.2.2. By Power Output
7.2.3. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Hydrogen Fuel Cell Vehicle Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value & Volume
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Vehicle Type
7.3.1.2.2. By Power Output
7.3.2. India Hydrogen Fuel Cell Vehicle Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value & Volume
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Vehicle Type
7.3.2.2.2. By Power Output
7.3.3. Australia Hydrogen Fuel Cell Vehicle Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value & Volume
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Vehicle Type
7.3.3.2.2. By Power Output
7.3.4. Japan Hydrogen Fuel Cell Vehicle Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value & Volume
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Vehicle Type
7.3.4.2.2. By Power Output
7.3.5. South Korea Hydrogen Fuel Cell Vehicle Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value & Volume
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Vehicle Type
7.3.5.2.2. By Power Output

8. Europe Hydrogen Fuel Cell Vehicle Market Outlook

8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Power Output
8.2.3. By Country
8.3. Europe: Country Analysis
8.3.1. France Hydrogen Fuel Cell Vehicle Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value & Volume
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Vehicle Type
8.3.1.2.2. By Power Output
8.3.2. Germany Hydrogen Fuel Cell Vehicle Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value & Volume
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Vehicle Type
8.3.2.2.2. By Power Output
8.3.3. United Kingdom Hydrogen Fuel Cell Vehicle Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value & Volume
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Vehicle Type
8.3.3.2.2. By Power Output
8.3.4. Italy Hydrogen Fuel Cell Vehicle Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value & Volume
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Vehicle Type
8.3.4.2.2. By Power Output
8.3.5. Spain Hydrogen Fuel Cell Vehicle Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value & Volume
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Vehicle Type
8.3.5.2.2. By Power Output

9. North America Hydrogen Fuel Cell Vehicle Market Outlook

9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Power Output
9.2.3. By Country
9.3. North America: Country Analysis
9.3.1. United States Hydrogen Fuel Cell Vehicle Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value & Volume
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Vehicle Type
9.3.1.2.2. By Power Output
9.3.2. Mexico Hydrogen Fuel Cell Vehicle Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value & Volume
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Vehicle Type
9.3.2.2.2. By Power Output
9.3.3. Canada Hydrogen Fuel Cell Vehicle Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value & Volume
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Vehicle Type
9.3.3.2.2. By Power Output

10. South America Hydrogen Fuel Cell Vehicle Market Outlook

10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type
10.2.2. By Power Output
10.2.3. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Hydrogen Fuel Cell Vehicle Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value & Volume
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Vehicle Type
10.3.1.2.2. By Power Output
10.3.2. Argentina Hydrogen Fuel Cell Vehicle Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value & Volume
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Vehicle Type
10.3.2.2.2. By Power Output
10.3.3. Colombia Hydrogen Fuel Cell Vehicle Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value & Volume
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Vehicle Type
10.3.3.2.2. By Power Output

11. Middle East and Africa Hydrogen Fuel Cell Vehicle Market Outlook

11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Vehicle Type
11.2.2. By Power Output
11.2.3. By Country
11.3. MEA: Country Analysis
11.3.1. South Africa Hydrogen Fuel Cell Vehicle Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value & Volume
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Vehicle Type
11.3.1.2.2. By Power Output
11.3.2. Saudi Arabia Hydrogen Fuel Cell Vehicle Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value & Volume
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Vehicle Type
11.3.2.2.2. By Power Output
11.3.3. UAE Hydrogen Fuel Cell Vehicle Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value & Volume
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Vehicle Type
11.3.3.2.2. By Power Output
11.3.4. Kuwait Hydrogen Fuel Cell Vehicle Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value & Volume
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Vehicle Type
11.3.4.2.2. By Power Output

12. Market Dynamics

12.1. Drivers
12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Honda Motor Company, Ltd.
14.2. Toyota Motor Corporation
14.3. Hyundai Motor Company
14.4. Daimler AG
14.5. Audi AG
14.6. Bayerische Motoren Werke AG
14.7. AB Volvo
14.8. Ballard Power Systems, Inc.
14.9. General Motors Company
14.10. Kia Motor Corporation
14.11. MAN SE
14.12. Groupe Renault
14.13. Tata Motors Limited
14.14. Hydrogenics Corp.
14.15. Mazda Motor Corporation

15. Strategic Recommendations16. About the Publisher & Disclaimer