Fuel Cell Vehicle Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71319
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The fuel cell vehicle market share is expected to increase by 176.78 thousand units from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 81.92%.

This fuel cell vehicle market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (passenger cars and commercial vehicles) and geography (APAC, North America, Europe, MEA, and South America). The fuel cell vehicle market report also offers information on several market vendors, including AB Volvo, Audi AG, BMW AG, Daimler AG, Honda Motor Co. Ltd., Hyster-Yale Materials Handling Inc., Hyundai Motor Group, Nissan Motor Co. Ltd., Renault SA, and Toyota Motor Corp. among others.

What will the Fuel Cell Vehicle Market Size be in 2021?

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Fuel Cell Vehicle Market: Key Drivers and Trends

The improved fuel efficiency and emission control are notably driving the fuel cell vehicle market growth, although factors such as the high cost of installation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fuel cell vehicle industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This fuel cell vehicle market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Fuel Cell Vehicle Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AB Volvo
  • Audi AG
  • BMW AG
  • Daimler AG
  • Honda Motor Co. Ltd.
  • Hyster-Yale Materials Handling Inc.
  • Hyundai Motor Group
  • Nissan Motor Co. Ltd.
  • Renault SA
  • Toyota Motor Corp.

 

This statistical study of the fuel cell vehicle market encompasses successful business strategies deployed by the key vendors. The fuel cell vehicle market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The fuel cell vehicle market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Fuel Cell Vehicle Market?

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57% of the market’s growth will originate from APAC during the forecast period. South Korea (Republic of Korea), China, and Japan are the key markets for fuel cell vehicles in APAC. Market growth in this region will be slower than the growth of the market in the European, MEA, and North American regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Fuel Cell Vehicle Market?

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The fuel cell vehicle market share growth by the passenger cars segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the fuel cell vehicle market size and actionable market insights on post COVID-19 impact on each segment.

 

Fuel Cell Vehicle Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 81.92%

Market growth 2021-2025

176.78 th units

Market structure

Fragmented

YoY growth (%)

85.55

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 57%

Key consumer countries

South Korea (Republic of Korea), US, China, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

AB Volvo, Audi AG, BMW AG, Daimler AG, Honda Motor Co. Ltd., Hyster-Yale Materials Handling Inc., Hyundai Motor Group, Nissan Motor Co. Ltd., Renault SA, and Toyota Motor Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Fuel Cell Vehicle Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive fuel cell vehicle market growth during the next five years
  • Precise estimation of the fuel cell vehicle market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the fuel cell vehicle industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fuel cell vehicle market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Passenger cars - Market size and forecast 2020-2025
    • Commercial vehicles - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AB Volvo
      • Audi AG
      • BMW AG
      • Daimler AG
      • Honda Motor Co. Ltd.
      • Hyster-Yale Materials Handling Inc.
      • Hyundai Motor Group
      • Nissan Motor Co. Ltd.
      • Renault SA
      • Toyota Motor Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The fuel cell vehicle market growth will increase by $176787 units during 2020-2025.
      The fuel cell vehicle market is expected to grow at a CAGR of 81.92% during 2020-2025.
      Technavio has segmented the fuel cell vehicle market by type (Passenger cars and Commercial vehicles) and geographic (APAC, North America, Europe, MEA, and South America).
      AB Volvo, Audi AG, BMW AG, Daimler AG, Honda Motor Co. Ltd., Hyster-Yale Materials Handling Inc., Hyundai Motor Group, Nissan Motor Co. Ltd., Renault SA, Toyota Motor Corp. are a few of the key vendors in the fuel cell vehicle market.
      APAC will register the highest growth rate of 56.94% among the other regions. Therefore, the fuel cell vehicle market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • South Korea (Republic of Korea)
      • US
      • China
      • Japan
      • Germany
      The key factors driving the fuel cell vehicle market growth are:
      • Improved fuel efficiency and emission control
      The fuel cell vehicle market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
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