水素自動車市場：技術別、タイプ別、車両タイプ別、地域別、機会、予測、2018年～2032年

世界の水素自動車の市場規模は、2025年～2032年の予測期間中に31.94%のCAGRで拡大し、2024年の21億7,000万米ドルから2032年には199億2,000万米ドルに成長すると予測されています。世界の水素自動車市場は、環境持続可能性目標の増加、技術の進歩、大気汚染と温室効果ガス排出に対する意識の高まりにより上昇すると予測されます。加えて、気候変動対策と大気の質の向上に役立つ、よりクリーンな代替輸送形態に対する政府の厳しい規制により、世界の水素自動車市場の需要も増加しています。さらに、世界各国の政府は、水素を燃料とする燃料電池自動車に関する政策、補助金、インセンティブを策定し、インフラや化石燃料からの転換現象の開発に向けています。例えば、2023年11月、日本は韓国とともにアジア太平洋経済協力会議（APEC）で、水素とアンモニアの共同供給ネットワークを発表しましたが、これは将来、化石燃料ベースの青色水素とアンモニアの拡大、石炭とガスの使用、再生可能エネルギーへの移行の遅延につながる可能性があります。

さらに、水素燃料補給インフラの拡張は水素自動車の普及を促進し、広範な燃料補給ネットワークは、航続距離の問題に対する国民の懸念を和らげるのに役立ちます。水素燃料電池技術の継続的な研究により、車両効率とコストの大幅な削減が達成され、水素自動車は内燃機関やバッテリー電気自動車よりもはるかに現実的なものとなっています。これらの要因が相まって、水素自動車市場は力強い成長を遂げ、交通エコシステムのニッチにおいて重要な位置を占めるようになっています。

当レポートでは、世界の水素自動車市場について調査し、市場の概要とともに、技術別、タイプ別、車両タイプ別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

第5章 世界の水素自動車市場の見通し、2018年～2032年

• 市場規模の分析と予測
• 市場シェア分析と予測
• 市場マップ分析、2024年
  • 技術別
  • タイプ別
  • 車両タイプ別
  • 地域別

第6章 北米の水素自動車市場の見通し、2018年～2032年

第7章 欧州の水素自動車市場の見通し、2018年～2032年

第8章 アジア太平洋の水素自動車市場の見通し、2018年～2032年

第9章 南米の水素自動車市場の見通し、2018年～2032年

第10章 中東・アフリカの水素自動車市場の見通し、2018年～2032年

第11章 需要供給分析

第12章 輸出入の分析

第13章 バリューチェーン分析

第14章 ポーターのファイブフォース分析

第15章 PESTLE分析

第16章 価格分析

第17章 市場力学

第18章 市場の動向と発展

第19章 ケーススタディ

第20章 競合情勢

• 市場リーダートップ5の競合マトリックス
• 参入企業トップ5のSWOT分析
• 市場参入企業トップ10の情勢
  • Honda Motor Co., Ltd.
  • Daimler Truck AG
  • AB Volvo
  • Toyota Motor Corporation
  • Hyundai Motor Company
  • STELLANTIS N.V.
  • Nikola Corporation
  • BMW AG
  • Tata Motors Ltd.
  • Viritech Ltd
  • Mitsubishi Logisnext Co., Ltd.
  • Crown Equipment Corporation
  • Hyster-Yale, Inc.
  • Anhui Forklift Group Corporation Ltd.
  • Hangcha Group Co., LTD.
  • Doosan Corporation
  • Konecranes Plc
  • Manitou BF

第21章 戦略的提言

第22章 お問い合わせと免責事項

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. Global Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 2. Global Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 3. Global Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 4. Global Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 5. Global Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 6. Global Hydrogen Vehicle Market Share (%), By Region, 2018-2032F
• Figure 7. North America Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 8. North America Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 9. North America Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 10. North America Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 11. North America Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 12. North America Hydrogen Vehicle Market Share (%), By Country, 2018-2032F
• Figure 13. United States Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 14. United States Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 15. United States Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 16. United States Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 17. United States Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 18. Canada Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 19. Canada Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 20. Canada Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 21. Canada Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 22. Canada Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 23. Mexico Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 24. Mexico Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 25. Mexico Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 26. Mexico Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 27. Mexico Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 28. Europe Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 29. Europe Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 30. Europe Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 31. Europe Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 32. Europe Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 33. Europe Hydrogen Vehicle Market Share (%), By Country, 2018-2032F
• Figure 34. Germany Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 35. Germany Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 36. Germany Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 37. Germany Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 38. Germany Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 39. France Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 40. France Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 41. France Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 42. France Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 43. France Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 44. Italy Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 45. Italy Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 46. Italy Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 47. Italy Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 48. Italy Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 49. United Kingdom Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 50. United Kingdom Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 51. United Kingdom Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 52. United Kingdom Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 53. United Kingdom Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 54. Russia Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 55. Russia Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 56. Russia Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 57. Russia Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 58. Russia Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 59. Netherlands Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 60. Netherlands Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 61. Netherlands Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 62. Netherlands Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 63. Netherlands Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 64. Spain Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 65. Spain Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 66. Spain Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 67. Spain Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 68. Spain Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 69. Turkey Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 70. Turkey Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 71. Turkey Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 72. Turkey Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 73. Turkey Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 74. Poland Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 75. Poland Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 76. Poland Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 77. Poland Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 78. Poland Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 79. South America Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 80. South America Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 81. South America Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 82. South America Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 83. South America Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 84. South America Hydrogen Vehicle Market Share (%), By Country, 2018-2032F
• Figure 85. Brazil Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 86. Brazil Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 87. Brazil Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 88. Brazil Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 89. Brazil Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 90. Argentina Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 91. Argentina Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 92. Argentina Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 93. Argentina Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 94. Argentina Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 95. Asia-Pacific Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 96. Asia-Pacific Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 97. Asia-Pacific Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 98. Asia-Pacific Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 99. Asia-Pacific Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 100. Asia-Pacific Hydrogen Vehicle Market Share (%), By Country, 2018-2032F
• Figure 101. India Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 102. India Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 103. India Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 104. India Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 105. India Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 106. China Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 107. China Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 108. China Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 109. China Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 110. China Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 111. Japan Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 112. Japan Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 113. Japan Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 114. Japan Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 115. Japan Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 116. Australia Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 117. Australia Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 118. Australia Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 119. Australia Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 120. Australia Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 121. Vietnam Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 122. Vietnam Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 123. Vietnam Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 124. Vietnam Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 125. Vietnam Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 126. South Korea Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 127. South Korea Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 128. South Korea Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 129. South Korea Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 130. South Korea Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 131. Indonesia Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 132. Indonesia Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 133. Indonesia Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 134. Indonesia Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 135. Indonesia Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 136. Philippines Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 137. Philippines Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 138. Philippines Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 139. Philippines Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 140. Philippines Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 141. Middle East & Africa Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 142. Middle East & Africa Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 143. Middle East & Africa Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 144. Middle East & Africa Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 145. Middle East & Africa Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 146. Middle East & Africa Hydrogen Vehicle Market Share (%), By Country, 2018-2032F
• Figure 147. Saudi Arabia Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 148. Saudi Arabia Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 149. Saudi Arabia Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 150. Saudi Arabia Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 151. Saudi Arabia Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 152. UAE Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 153. UAE Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 154. UAE Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 155. UAE Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 156. UAE Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 157. South Africa Hydrogen Vehicle Market, By Value, in USD Billion, 2018-2032F
• Figure 158. South Africa Hydrogen Vehicle Market, By Volume, in Units, 2018-2032F
• Figure 159. South Africa Hydrogen Vehicle Market Share (%), By Technology, 2018-2032F
• Figure 160. South Africa Hydrogen Vehicle Market Share (%), By Type, 2018-2032F
• Figure 161. South Africa Hydrogen Vehicle Market Share (%), By Vehicle Type, 2018-2032F
• Figure 162. By Technology Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 163. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 164. By Vehicle Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 165. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024

Global hydrogen vehicle market is projected to witness a CAGR of 31.94% during the forecast period 2025-2032, growing from USD 2.17 billion in 2024 to USD 19.92 billion in 2032. The global hydrogen vehicle market is projected to rise due to increasing environmental sustainability goals, technological advancements, growing awareness of air pollution and greenhouse gas emissions. In addition, the global hydrogen vehicle market demand is also rising owing to strict government regulations for cleaner alternative forms of transportation, which help combat climate change and enhance air quality. Further, governments globally are framing policies, subsidies, and incentives regarding hydrogen-powered fuel cell vehicles toward developing infrastructures and the phenomenon of switching from fossil fuels. For instance, in November 2023, Japan, along with South Korea, at the Asia Pacific Economic Cooperation (APEC) meeting, announced a joint supply network for hydrogen and ammonia, this may in the future, lead towards fossil fuel-based blue hydrogen and ammonia expansion, the use of coal and gas and delaying the transition towards renewable energy.

In addition, extending hydrogen refueling infrastructures is driving the adoption of hydrogen vehicles, and extensive refueling networks assist in alleviating the public's concerns about range issues. Continuous research on hydrogen fuel cell technology is further achieving great vehicle efficiency and cost reductions, making hydrogen vehicles much more viable than combustion engines and battery electric vehicles. Collectively, these factors make the hydrogen vehicle market experience robust growth, positioning it soon as critical in the niche of the transportation ecosystem.

Increased Environmental Concerns is Expanding Market Scope

A broader perspective is given to the global hydrogen vehicle market due to the increased environmental concerns. Consumers and governments are increasingly adopting cleaner modes of transport as awareness of air pollution and greenhouse gas emissions grows. Hydrogen vehicles, being zero tailpipe vehicles, are seen as an opportunity to solve these environmental concerns. This shift is encouraged by government programs, supporting the adoption of hydrogen fuel cell vehicles (HFCVs), among other measures like incentives and the development of necessary infrastructure to achieve emission reduction targets and create sustainable transportation. A major cause of this development is the advancement and improvement of technology in the hydrogen fuel cell, strategies for reducing the cost, and increased commercialization activities. All these emerging trends are truly promising for the hydrogen vehicle market, as it is expected to expand considerably because of the strong demand for sustainable transport solutions in response to growing environmental concerns.

For instance, in May 2024, AB Volvo announced its development of hydrogen-powered trucks with combustion engines, with on-road testing scheduled to commence in 2026 and a commercial launch planned for the end of the decade. Utilizing green hydrogen, Volvo seeks to further its net zero ambitions and assist customers in reaching their decarbonization goals.

Technological Advancements Propelling the Global Market Growth

Technological advancements are playing a crucial role in propelling the growth of the global hydrogen vehicle market. One of the best innovations in fuel cell technology is the efficient conversion of hydrogen to electricity with very little emissions. All these improvements in fuel cell materials, stack designs, and system integration are meant to boost hydrogen vehicles' performance, durability, and competitiveness against traditional internal combustion engines and battery electric vehicles, driving the global hydrogen vehicle market demand. Continuous improvements in fuel cell technology and manufacturing processes are enhancing vehicle efficiency and performance. Major automotive manufacturers are investing in hydrogen technology, developing prototypes and concept vehicles that showcase the potential of hydrogen as a clean energy source.

For instance, in July 2024, Daimler Truck AG started initial customer trials with five Mercedes-Benz GenH2 Trucks and the customer's Air Products, Amazon, Holcim, INEOS, and Wiedmann & Winz. Daimler Truck prefers liquid hydrogen in the development of hydrogen-based drives for higher energy density.

Dominance of Fuel Cell Electric Vehicles in Global Market

The dominance of Fuel Cell Electric Vehicles (FCEVs) in the global hydrogen vehicle market is evident, due to rising environmental concerns and technological advancements coupled with government initiatives. FCEVs are recognized for their superior fuel efficiency and extended driving range compared to ICE vehicles. This growth is fueled by government subsidies for environmentally friendly hydrogen production, advancements in hydrogen storage techniques, and the development of integrated hydrogen ecosystems. Overall, the dominance of fuel-cell electric vehicles in the global hydrogen vehicle market is underpinned by their superior performance characteristics, growing consumer acceptance, and supportive regulatory frameworks aimed at fostering a cleaner transportation landscape. As technological advancements continue to improve fuel cell efficiency and infrastructure development accelerates, FCEVs are set to become increasingly prevalent in both passenger and commercial vehicle segments.

For instance, in October 2024, Hyundai Motor Company unveiled its INITIUM hydrogen fuel cell electric concept vehicle at its 'Clearly Committed' event at Hyundai Motorstudio Goyang, reinforcing its clear commitment to hydrogen mobility and sustainability. Targeted driving range of over 650km with a maximum motor output of 150 kW.

Asia-Pacific Dominates Global Hydrogen Vehicle Market Share

Asia-Pacific dominates the global hydrogen vehicle market and holds a substantial share. Primarily, this dominance is due to the existence of automobile manufacturers in countries such as Japan and South Korea where hydrogen infrastructure and technology development are given high priority. Building hydrogen refueling networks at a grand scale and developing green hydrogen production technologies are important areas of investment for these nations in solving the critical issues of range and consumer accessibility of refueling. In addition, market growth has been observed due to rising awareness concerning fuel-efficient and low-emission vehicles, an increasing number of consumers with environment-friendly lifestyles coupled with supportive government policies and incentives to promote hydrogen vehicles. In addition, countries such as India have started emerging as fast-growing segments in the Asia-Pacific due to government support for hydrogen technology and infrastructure development. With all the new technological advances, solid government initiatives, and a growing consumer base, the Asia-Pacific enhances its pedestal as the global hydrogen vehicle market leader, paving the way for clean energy adoption and sustainable mobility solutions.

For instance, in December 2024, Hydrogen energy is forecast to see rapid development in China, with government-backed incentives, and a growing infrastructure for hydrogen production, the number of hydrogen fuel-cell vehicles in operation nationwide is projected to reach around 45,000 by the end of 2025, according to the Hydrogen Energy Industry Promotion Association (HEIPA). As of October 2024, China has sold approximately 22,790 hydrogen fuel cell vehicles. The government plans to have around 50,000 fuel-cell vehicles in operation by 2025.

Future Market Scenario (2025 - 2032F)

Innovations in hydrogen production methods, especially low-carbon hydrogen generation, improvements in fuel cell efficiency, and hydrogen storage solutions will enhance vehicle performance leading to more consumers opting for hydrogen vehicles.

Supportive government initiatives promoting hydrogen infrastructure development and the development of mobile refueling systems to enhance accessibility.

Shift in consumer preferences towards sustainable transportation options will play a crucial role.

Key Players Landscape and Outlook

The global hydrogen vehicle market is characterized by a competitive landscape featuring both established automotive giants and innovative startups. Emerging trends indicate that companies are focusing on partnerships to leverage combined expertise for faster development of hydrogen technologies. The introduction of new models and adaptations of existing ones such as Honda's CR-Ve with hydrogen propulsion reflects a trend toward integrating hydrogen solutions into mainstream automotive offerings. Overall, the global hydrogen vehicle market is poised for substantial growth, supported by key players' innovations, regional leadership in Asia-Pacific, and increasing environmental awareness driving demand for cleaner transportation solutions.

For instance, in June 2024, Honda Motor Co., Ltd. celebrated production of the all-new 2025 Honda CR-V e: FCEV fuel cell electric vehicle (FCEV) at the Performance Manufacturing Center (PMC) in Ohio. The all-new CR-V e: FCEV is the only FCEV made in America, as well as the first production hydrogen FCEV in the United States to combine an all-new U.S.-made fuel cell system with plug-in EV charging capability.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Features and Other Value-Added Service
  • 4.3.2. Compatibility
  • 4.3.3. Technology Type
  • 4.3.4. Efficiency of Solutions
  • 4.3.5. After-Sales Support
• 4.4. Consideration of Privacy and Regulations

5. Global Hydrogen Vehicle Market Outlook, 2018-2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Technology
    • 5.2.1.1. Proton Exchange Membrane Fuel Cell
    • 5.2.1.2. Phosphoric Acid Fuel Cells
    • 5.2.1.3. Alkaline Fuel Cell
    • 5.2.1.4. Solid Oxide Fuel Cell
    • 5.2.1.5. Others
  • 5.2.2. By Type
    • 5.2.2.1. Fuel Cell Electric Vehicles (FCEV)
    • 5.2.2.2. Hydrogen Internal Combustion Engine Vehicles (HICEV)
    • 5.2.2.3. Plug-in Hybrid Hydrogen Vehicles (PHHV)
  • 5.2.3. By Vehicle Type
    • 5.2.3.1. Passenger Cars
    • 5.2.3.2. Commercial Vehicles
  • 5.2.4. By Region
    • 5.2.4.1. North America
    • 5.2.4.2. Europe
    • 5.2.4.3. Asia-Pacific
    • 5.2.4.4. South America
    • 5.2.4.5. Middle East and Africa
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 5.3. Market Map Analysis, 2024
  • 5.3.1. By Technology
  • 5.3.2. By Type
  • 5.3.3. By Vehicle Type
  • 5.3.4. By Region

6. North America Hydrogen Vehicle Market Outlook, 2018-2032F*

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Technology
    • 6.2.1.1. Proton Exchange Membrane Fuel Cell
    • 6.2.1.2. Phosphoric Acid Fuel Cells
    • 6.2.1.3. Alkaline Fuel Cell
    • 6.2.1.4. Solid Oxide Fuel Cell
    • 6.2.1.5. Others
  • 6.2.2. By Type
    • 6.2.2.1. Fuel Cell Electric Vehicles (FCEV)
    • 6.2.2.2. Hydrogen Internal Combustion Engine Vehicles (HICEV)
    • 6.2.2.3. Plug-in Hybrid Hydrogen Vehicles (PHHV)
  • 6.2.3. By Vehicle Type
    • 6.2.3.1. Passenger Cars
    • 6.2.3.2. Commercial Vehicles
  • 6.2.4. By Country Share
    • 6.2.4.1. United States
    • 6.2.4.2. Canada
    • 6.2.4.3. Mexico
• 6.3. Country Market Assessment
  • 6.3.1. United States Hydrogen Vehicle Market Outlook, 2018-2032F*
    • 6.3.1.1. Market Size Analysis & Forecast
      • 6.3.1.1.1. By Value
      • 6.3.1.1.2. By Volume
    • 6.3.1.2. Market Share Analysis & Forecast
      • 6.3.1.2.1. By Technology
        • 6.3.1.2.1.1. Proton Exchange Membrane Fuel Cell
        • 6.3.1.2.1.2. Phosphoric Acid Fuel Cells
        • 6.3.1.2.1.3. Alkaline Fuel Cell
        • 6.3.1.2.1.4. Solid Oxide Fuel Cell
        • 6.3.1.2.1.5. Others
      • 6.3.1.2.2. By Type
        • 6.3.1.2.2.1. Fuel Cell Electric Vehicles (FCEV)
        • 6.3.1.2.2.2. Hydrogen Internal Combustion Engine Vehicles (HICEV)
        • 6.3.1.2.2.3. Plug-in Hybrid Hydrogen Vehicles (PHHV)
      • 6.3.1.2.3. By Vehicle Type
        • 6.3.1.2.3.1. Passenger Cars
        • 6.3.1.2.3.2. Commercial Vehicles
  • 6.3.2. Canada
  • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Hydrogen Vehicle Market Outlook, 2018-2032F

• 7.1. Germany
• 7.2. France
• 7.3. Italy
• 7.4. United Kingdom
• 7.5. Russia
• 7.6. Netherlands
• 7.7. Spain
• 7.8. Turkey
• 7.9. Poland

8. Asia-Pacific Hydrogen Vehicle Market Outlook, 2018-2032F

• 8.1. India
• 8.2. China
• 8.3. Japan
• 8.4. Australia
• 8.5. Vietnam
• 8.6. South Korea
• 8.7. Indonesia
• 8.8. Philippines

9. South America Hydrogen Vehicle Market Outlook, 2018-2032F

• 9.1. Brazil
• 9.2. Argentina

10. Middle East and Africa Hydrogen Vehicle Market Outlook, 2018-2032F

• 10.1. Saudi Arabia
• 10.2. UAE
• 10.3. South Africa

11. Demand Supply Analysis

12. Import and Export Analysis

13. Value Chain Analysis

14. Porter's Five Forces Analysis

15. PESTLE Analysis

16. Pricing Analysis

17. Market Dynamics

• 17.1. Market Drivers
• 17.2. Market Challenges

18. Market Trends and Developments

19. Case Studies

20. Competitive Landscape

• 20.1. Competition Matrix of Top 5 Market Leaders
• 20.2. SWOT Analysis for Top 5 Players
• 20.3. Key Players Landscape for Top 10 Market Players
  • 20.3.1. Honda Motor Co., Ltd.
    • 20.3.1.1. Company Details
    • 20.3.1.2. Key Management Personnel
    • 20.3.1.3. Products and Services
    • 20.3.1.4. Financials (As Reported)
    • 20.3.1.5. Key Market Focus and Geographical Presence
    • 20.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 20.3.2. Daimler Truck AG
  • 20.3.3. AB Volvo
  • 20.3.4. Toyota Motor Corporation
  • 20.3.5. Hyundai Motor Company
  • 20.3.6. STELLANTIS N.V.
  • 20.3.7. Nikola Corporation
  • 20.3.8. BMW AG
  • 20.3.9. Tata Motors Ltd.
  • 20.3.10. Viritech Ltd
  • 20.3.11. Mitsubishi Logisnext Co., Ltd.
  • 20.3.12. Crown Equipment Corporation
  • 20.3.13. Hyster-Yale, Inc.
  • 20.3.14. Anhui Forklift Group Corporation Ltd.
  • 20.3.15. Hangcha Group Co., LTD.
  • 20.3.16. Doosan Corporation
  • 20.3.17. Konecranes Plc
  • 20.3.18. Manitou BF

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

21. Strategic Recommendations

22. About Us and Disclaimer