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Hydrogen Trucks: Global Markets

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    Report

  • 114 Pages
  • August 2025
  • Region: Global
  • BCC Research
  • ID: 6165022
The Hydrogen Trucks Market was valued at USD 3 Billion in 2025, and is projected to reach USD 16.2 Billion by 2030, rising at a CAGR of 33.4%.

This report provides an overview of the global hydrogen trucks market. It focuses on the significant driving trends and challenges that affect the market and vendor landscape. The report concludes with an analysis of the competitive landscape and company profiles of prominent players in the industry.

Hydrogen trucks use hydrogen fuel cells, which power the electric motors that propel the vehicles. Hydrogen plays a key role in decarbonizing the transportation sector and is one of the most promising alternative fuels to diesel. Hydrogen trucks offer numerous advantages over diesel-powered trucks, including longer range, faster refueling capabilities, reduced greenhouse gas (GHG) emissions, and the production of only water vapor as a byproduct.

Rising demand for fuel-cell vehicles (FCVs) and concerns about carbon emissions are leading to greater interest in hydrogen trucks. Supportive government regulations and policies, as well as technological advances in fuel cell technology, present opportunities that should help propel market growth.

Report Scope

This report discusses the global market for hydrogen trucks by product, fuel cell technology, range, motor power, and application. Additionally, the report examines the technological, regulatory, competitive, and economic factors that impact the market. The analyst has included a patent analysis for the hydrogen truck market. The report concludes by providing detailed profiles of the leading companies in the market.

The report also includes a regional analysis that covers North America, Europe, Asia-Pacific, and the Rest of the World (consisting of South America, and the Middle East and Africa) and further examines the current and future factors influencing the demand for hydrogen trucks. The base year is 2024, with estimates provided for 2025, Market values are forecast through the end of 2030. All market values are in millions of dollars ($) U.S.

The report includes:

  • An overview and analysis of the current and future global markets for hydrogen trucks
  • Analyses of the global market trends, with revenue data from 2024, estimates for 2025, forecasts for 2026 and 2029, and projections of CAGRs through 2030
  • Estimates of the market’s size and revenue prospects for the precision farming market, accompanied by a market share analysis by product (vehicle) type, fuel cell technology, motor power, vehicle range, application and region
  • Insights derived from Porter’s Five Forces model, as well as global supply chain and PESTLE analyses
  • Review of the impact of the ongoing U.S. tariffs on the hydrogen trucks market
  • Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
  • A relevant patent analysis, featuring key granted and published patents
  • Analysis of the industry structure, including companies’ market shares, strategic alliances, M&A activity, venture fundings and investment outlook
  • Profiles of the leading companies

Table of Contents

Chapter 1 Executive Summary
  • Market Outlook
  • Scope of Report
  • Market Summary
  • Technological Advances and Applications
  • Market Dynamics and Growth Factors
  • Future Trends and Developments
  • Segmental Analysis
  • Regional Insights and Emerging Markets
  • Conclusion
Chapter 2 Market Overview
  • Market Overview and Future Scenarios
  • Impact of U.S. Tariffs
  • Impact of U.S. Funding Cuts
  • Porter's Five Forces Analysis
  • Bargaining Power of Buyers (Consumers)
  • Bargaining Power of Suppliers (Vendors)
  • Potential for New Entrants
  • Competition in the Industry
  • Threat from Substitutes
  • Patent Analysis
  • Overview
  • Key Patents
  • Takeaways
  • Regulatory Framework and Government Initiatives
  • United States
  • Canada
  • Germany
  • U.K.
  • China
  • Japan
  • South Korea
Chapter 3 Market Dynamics
  • Overview
  • Market Drivers
  • Increasing Demand for FCVs
  • Focus on Reducing Carbon Emissions
  • Market Restraints
  • High Initial Investment and Infrastructure Costs
  • Lack of Hydrogen Refueling Station Infrastructure
  • Market Opportunities
  • Supportive Government Regulations and Policies
  • Technological Advances in Fuel Cell Technology
Chapter 4 Emerging Technologies and Developments
  • Overview of Emerging Technologies for Hydrogen Trucks
  • Technological Developments in Hydrogen Production
  • Innovations in Fuel Cell Technology
  • Incorporating AI
Chapter 5 Market Segmentation Analysis
  • Segmentation Breakdown
  • Global Hydrogen Truck Market, by Product
  • Takeaways
  • Heavy-Duty Trucks
  • Medium-Duty Trucks
  • Small-Duty Trucks
  • Global Hydrogen Truck Market, by Fuel Cell Technology
  • Takeaways
  • PEMFC
  • Solid Oxide Fuel Cell (SOFC)
  • Global Hydrogen Truck Market, by Range
  • Takeaways
  • Up to 300 Miles
  • 300- to 500-Miles Range
  • Over 500 Miles
  • Global Hydrogen Truck Market, by Motor Power
  • Takeaways
  • Under 200 kW
  • 200-400 kW
  • Over 400 kW
  • Global Hydrogen Truck Market, by Application
  • Takeaways
  • Logistics
  • Municipal
  • Construction
  • Other Applications
  • Geographic Breakdown
  • Global Hydrogen Truck Market, by Region
  • Takeaways
  • North America
  • Europe
  • Asia-Pacific
  • Rest of World
Chapter 6 Competitive Intelligence
  • Overview
  • Market Ecosystem
  • Fuel Cell Providers
  • Hydrogen Fuel Suppliers
  • OEMs
  • Contracts and Collaborations
  • Contracts
  • Collaborations
Chapter 7 Appendix
  • Methodology
  • Research Steps
  • References
  • Abbreviations
  • Company Profiles
  • AB VOLVO (VOLVO TRUCKS)
  • DAIMLER TRUCK AG
  • FOTON INTERNATIONAL
  • HONDA MOTOR CO. LTD.
  • HYDROGEN VEHICLE SYSTEMS LTD.
  • HYUNDAI MOTOR CO.
  • PACCAR INC.
  • SCANIA
  • TOYOTA MOTOR CORP.
  • Emerging Companies in the Global Hydrogen Truck Market
List of Tables
Summary Table: Global Market for Hydrogen Trucks, by Region, Through 2030
Table 1: Published Patents for Hydrogen Transportation and Truck Technologies, 2023 and 2024
Table 2: Published Patents for Hydrogen Transportation and Truck Technology, 2024
Table 3: Global Market for Hydrogen Trucks, by Type, Through 2030
Table 4: Global Market for Heavy-Duty Hydrogen Trucks, by Region, Through 2030
Table 5: Global Market for Medium-Duty Hydrogen Trucks, by Region, Through 2030
Table 6: Global Market for Small-Duty Hydrogen Trucks, by Region, Through 2030
Table 7: Global Market for Hydrogen Trucks, by Fuel Cell Technology, Through 2030
Table 8: Global Market for PEMFC Hydrogen Trucks, by Region, Through 2030
Table 9: Global Market for SOFC Hydrogen Trucks, by Region, Through 2030
Table 10: Global Market for Hydrogen Trucks, by Range, Through 2030
Table 11: Global Market for Hydrogen Trucks with Under-300 Mile Range, by Region, Through 2030
Table 12: Global Market for Hydrogen Trucks with 300- to 500-Miles Range, by Region, Through 2030
Table 13: Global Market for Hydrogen Trucks with Range of Over 500 Miles, by Region, Through 2030
Table 14: Global Market for Hydrogen Trucks, by Motor Power, Through 2030
Table 15: Global Market for Up to 200 kW Motor Power Hydrogen Trucks, by Region, Through 2030
Table 16: Global Market for 200- to 400-kW Motor Power Hydrogen Trucks, by Region, Through 2030
Table 17: Global Market for Over 400 kW Motor Power Hydrogen Trucks, by Region, Through 2030
Table 18: Global Market for Hydrogen Trucks, by Application, Through 2030
Table 19: Global Market for Hydrogen Trucks in Logistics Applications, by Region, Through 2030
Table 20: Global Market for Hydrogen Trucks Used in Municipal Applications, by Region, Through 2030
Table 21: Global Market for Hydrogen Trucks Used in Construction, by Region, Through 2030
Table 22: Global Market for Hydrogen Trucks Used in Other Applications, by Region, Through 2030
Table 23: Global Market for Hydrogen Trucks, by Region, Through 2030
Table 24: North American Market for Hydrogen Trucks, by Type, Through 2030
Table 25: North American Market for Hydrogen Trucks, by Fuel Cell Technology, Through 2030
Table 26: North American Market for Hydrogen Trucks, by Range, Through 2030
Table 27: North American Market for Hydrogen Trucks, by Motor Power, Through 2030
Table 28: North American Market for Hydrogen Trucks, by Application, Through 2030
Table 29: North American Market for Hydrogen Trucks, by Country, Through 2030
Table 30: European Market for Hydrogen Trucks, by Type, Through 2030
Table 31: European Market for Hydrogen Trucks, by Fuel Cell Technology, Through 2030
Table 32: European Market for Hydrogen Trucks, by Range, Through 2030
Table 33: European Market for Hydrogen Trucks, by Motor Power, Through 2030
Table 34: European Market for Hydrogen Trucks, by Application, Through 2030
Table 35: European Market for Hydrogen Trucks, by Country, Through 2030
Table 36: Asia-Pacific Market for Hydrogen Trucks, by Type, Through 2030
Table 37: Asia-Pacific Market for Hydrogen Trucks, by Fuel Cell Technology, Through 2030
Table 38: Asia-Pacific Market for Hydrogen Trucks, by Range, Through 2030
Table 39: Asia-Pacific Market for Hydrogen Trucks, by Motor Power, Through 2030
Table 40: Asia-Pacific Market for Hydrogen Trucks, by Application, Through 2030
Table 41: Asia-Pacific Market for Hydrogen Trucks, by Country, Through 2030
Table 42: RoW Market for Hydrogen Trucks, by Type, Through 2030
Table 43: RoW Market for Hydrogen Trucks, by Fuel Cell Technology, Through 2030
Table 44: RoW Market for Hydrogen Trucks, by Range, Through 2030
Table 45: RoW Market for Hydrogen Trucks, by Motor Power, Through 2030
Table 46: RoW Market for Hydrogen Trucks, by Application, Through 2030
Table 47: RoW Market for Hydrogen Trucks, by Sub-Region, Through 2030
Table 48: Leading Companies in the Global Hydrogen Truck Market, 2024
Table 49: Contracts in the Hydrogen Truck Market, 2025
Table 50: Collaborations in the Hydrogen Truck Market, 2023-2024
Table 51: References
Table 52: Abbreviations Used in the Report
Table 53: AB Volvo (Volvo Trucks): Company Snapshot
Table 54: AB Volvo (Volvo Trucks): Financial Performance, FY 2023 and 2024
Table 55: AB Volvo (Volvo Trucks): Product Portfolio
Table 56: AB Volvo (Volvo Trucks): News/Key Developments, 2024
Table 57: Daimler Truck AG: Company Snapshot
Table 58: Daimler Truck AG: Financial Performance, FY 2023 and 2024
Table 59: Daimler Truck AG: Product Portfolio
Table 60: Daimler Truck AG: News/Key Developments, 2023
Table 61: Foton International: Company Snapshot
Table 62: Foton International: Product Portfolio
Table 63: Foton International: News/Key Developments, 2024
Table 64: Honda Motor Co. Ltd.: Company Snapshot
Table 65: Honda Motor Co. Ltd.: Financial Performance, FY 2023 and 2024
Table 66: Honda Motor Co. Ltd.: Product Portfolio
Table 67: Honda Motor Co. Ltd.: News/Key Developments, 2024
Table 68: Hydrogen Vehicle Systems Ltd.: Company Snapshot
Table 69: Hydrogen Vehicle Systems Ltd.: Product Portfolio
Table 70: Hydrogen Vehicle Systems Ltd.: News/Key Developments, 2025
Table 71: Hyundai Motor Co.: Company Snapshot
Table 72: Hyundai Motor Co.: Financial Performance, FY 2023 and 2024
Table 73: Hyundai Motor Co.: Product Portfolio
Table 74: Hyundai Motor Co.: News/Key Developments, 2024 and 2025
Table 75: PACCAR Inc.: Company Snapshot
Table 76: PACCAR Inc.: Financial Performance, FY 2023 and 2024
Table 77: PACCAR Inc.: Product Portfolio
Table 78: PACCAR Inc.: News/Key Developments, 2023 and 2024
Table 79: Scania: Company Snapshot
Table 80: Scania: Financial Performance, FY 2023 and 2024
Table 81: Scania: Product Portfolio
Table 82: Scania: News/Key Developments, 2025
Table 83: Toyota Motor Corp.: Company Snapshot
Table 84: Toyota Motor Corp.: Financial Performance, FY 2023 and 2024
Table 85: Toyota Motor Corp.: Product Portfolio
Table 86: Toyota Motor Corp.: News/Key Developments, 2023-2025
Table 87: Emerging Companies in the Global Hydrogen Truck Market
List of Figures
Summary Figure: Global Market Shares of Hydrogen Trucks, by Region, 2024
Figure 1: Porter’s Five Forces Model for the Hydrogen Truck Market
Figure 2: Patent Shares for Hydrogen Transportation Technology, by Applicant, 2024
Figure 3: Market Dynamics of Hydrogen Trucks
Figure 4: Global Sales of Fuel-Cell Trucks, 2022-2024
Figure 5: Hydrogen Refueling Stations Worldwide, 2022-2024
Figure 6: Global Market Shares of Hydrogen Trucks, by Type, 2024
Figure 7: Global Market Shares of Heavy-Duty Hydrogen Trucks, by Region, 2024
Figure 8: Global Market Shares of Medium-Duty Hydrogen Trucks, by Region, 2024
Figure 9: Global Market Shares of Small-Duty Hydrogen Trucks, by Region, 2024
Figure 10: Global Market Shares of Hydrogen Trucks, by Fuel Cell Technology, 2024
Figure 11: Global Market Shares of PEMFC Hydrogen Trucks, by Region, 2024
Figure 12: Global Market Shares of SOFC Hydrogen Trucks, by Region, 2024
Figure 13: Global Market Shares of Hydrogen Trucks, by Range, 2024
Figure 14: Global Market Shares of Hydrogen Trucks with Under-300 Mile Range, by Region, 2024
Figure 15: Global Market Shares of Hydrogen Trucks with 300- to 500-Miles Range, by Region, 2024
Figure 16: Global Market Shares of Hydrogen Trucks with Range of Over 500 Miles, by Region, 2024
Figure 17: Global Market Shares of Hydrogen Trucks, by Motor Power, 2024
Figure 18: Global Market Shares of Hydrogen Trucks with Up to 200 kW Motor Power, by Region, 2024
Figure 19: Global Market Shares of 200- to 400-kW Motor Power Hydrogen Trucks, by Region, 2024
Figure 20: Global Market Shares of Over 400-kW Motor Power Hydrogen Trucks, by Region, 2024
Figure 21: Global Market Shares of Hydrogen Trucks, by Application, 2024
Figure 22: Global Market Shares of Hydrogen Trucks Used in Logistics Applications, by Region, 2024
Figure 23: Global Market Shares of Hydrogen Trucks Used in Municipal Applications, by Region, 2024
Figure 24: Global Market Shares of Hydrogen Trucks Used in Construction, by Region, 2024
Figure 25: Global Market Shares of Hydrogen Trucks Used in Other Applications, by Region, 2024
Figure 26: Global Market Shares of Hydrogen Trucks, by Region, 2024
Figure 27: North American Market Shares of Hydrogen Trucks, by Type, 2024
Figure 28: North American Market Shares of Hydrogen Trucks, by Fuel Cell Technology, 2024
Figure 29: North American Market Shares of Hydrogen Trucks, by Range, 2024
Figure 30: North American Market Shares of Hydrogen Trucks, by Motor Power, 2024
Figure 31: North American Market Shares of Hydrogen Trucks, by Application, 2024
Figure 32: North American Market Shares of Hydrogen Trucks, by Country, 2024
Figure 33: European Market Shares of Hydrogen Trucks, by Type, 2024
Figure 34: European Market Shares of Hydrogen Trucks, by Fuel Cell Technology, 2024
Figure 35: European Market Shares of Hydrogen Trucks, by Range, 2024
Figure 36: European Market Shares of Hydrogen Trucks, by Motor Power, 2024
Figure 37: European Market Shares of Hydrogen Trucks, by Application, 2024
Figure 38: European Market Shares of Hydrogen Trucks, by Country, 2024
Figure 39: Asia-Pacific Market Shares of Hydrogen Trucks, by Type, 2024
Figure 40: Asia-Pacific Market Shares of Hydrogen Trucks, by Fuel Cell Technology, 2024
Figure 41: Asia-Pacific Market Shares of Hydrogen Trucks, by Range, 2024
Figure 42: Asia-Pacific Market Shares of Hydrogen Trucks, by Motor Power, 2024
Figure 43: Asia-Pacific Market Shares of Hydrogen Trucks, by Application, 2024
Figure 44: Asia-Pacific Market Shares of Hydrogen Trucks, by Country, 2024
Figure 45: RoW Market Shares of Hydrogen Trucks, by Type, 2024
Figure 46: RoW Market Shares of Hydrogen Trucks, by Fuel Cell Technology, 2024
Figure 47: RoW Market Shares of Hydrogen Trucks, by Range, 2024
Figure 48: RoW Market Shares of Hydrogen Trucks, by Motor Power, 2024
Figure 49: RoW Market Shares of Hydrogen Trucks, by Application, 2024
Figure 50: RoW Market Shares of Hydrogen Trucks, by Sub-Region, 2024
Figure 51: Hydrogen Trucks: Market Ecosystem
Figure 52: AB Volvo (Volvo Trucks): Revenue Share, by Business Unit, FY 2024
Figure 53: AB Volvo (Volvo Trucks): Revenue Share, by Country/Region, FY 2024
Figure 54: Daimler Truck AG: Revenue Share, by Business Unit, FY 2024
Figure 55: Daimler Truck AG: Revenue Share, by Country/Region, FY 2024
Figure 56: Honda Motor Co. Ltd.: Revenue Share, by Business Unit, FY 2024
Figure 57: Honda Motor Co. Ltd.: Revenue Share, by Country/Region, FY 2024
Figure 58: Hyundai Motor Co.: Revenue Share, by Business Unit, FY 2024
Figure 59: Hyundai Motor Co.: Revenue Share, by Country/Region, FY 2024
Figure 60: PACCAR Inc.: Revenue Share, by Business Unit, FY 2024
Figure 61: PACCAR Inc.: Revenue Share, by Country/Region, FY 2024
Figure 62: Scania: Revenue Share, by Business Unit, FY 2024
Figure 63: Scania: Revenue Share, by Country/Region, FY 2024
Figure 64: Toyota Motor Corp.: Revenue Share, by Business Unit, FY 2024
Figure 65: Toyota Motor Corp.: Revenue Share, by Country/Region, FY 2024

Companies Mentioned

The companies profiled in this Hydrogen Trucks market report include:
  • AB Volvo (Volvo Trucks)
  • Daimler Truck AG
  • Foton International
  • Honda Motor Co. Ltd.
  • Hydrogen Vehicle Systems Ltd.
  • Hyundai Motor Co.
  • Paccar Inc.
  • Scania
  • Toyota Motor Corp.

Table Information