Asia-Pacific Fuel Cell Vehicles - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2016 - 2029

The Asia-Pacific Fuel Cell Vehicles Market size is estimated at USD 1.65 billion in 2024, and is expected to reach USD 7.93 billion by 2029, growing at a CAGR of 36.89% during the forecast period (2024-2029).

Key Highlights

• Fastest-growing by country - Japan : Japan is one of the major players in the APAC FCEV electric vehicle industry due to its significant production capacity and customer demand for electric vehicles.
• Largest Segment by Country - South Korea : The adoption of e mobility and stringent norms and developments by various auto companies are fueling the growth of fuel-cell electric cars in South Korea.
• Largest Segment by Vehicle Type - Commercial Vehicles : Due to the growing demand for passenger vehicles and the scarcity of alternative electric vehicle types in the region, the passenger vehicle segment accounts for the majority of EV sales.

APAC Fuel Cell Vehicles Industry Overview

The Asia-Pacific Fuel Cell Vehicles Market is fragmented, with the top five companies occupying 16.47%. The major players in this market are Daihatsu Motor Co., Ltd., Honda Motor Company, Ltd., Hyundai Motor Company, Isuzu Motors Ltd. and Toyota Motor Corporation (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support