세계의 수소 자동차 시장 예측 : 차량 유형별, 컴포넌트별, 연료보급 인프라별, 유통 채널별, 최종 사용자별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Hydrogen Vehicle Market is accounted for $12.57 billion in 2024 and is expected to reach $84.57 billion by 2030 growing at a CAGR of 37.4% during the forecast period. A hydrogen vehicle is a type of electric vehicle that uses hydrogen gas as its fuel source. The vehicle is powered by a hydrogen fuel cell, which combines hydrogen with oxygen to produce electricity, emitting only water vapour and heat as by products. This makes hydrogen vehicles environmentally friendly and a cleaner alternative to conventional internal combustion engine vehicles. They offer long driving ranges; quick refueling times, and is considered a key component in sustainable transportation and the transition to green mobility.

Market Dynamics:

Driver:

Advancements in hydrogen production

Advancements in hydrogen production from renewable energy sources like wind and solar, is becoming more cost-effective and efficient. These innovations reduce the reliance on fossil fuels, making hydrogen a cleaner alternative for vehicles. Improved production techniques lower the overall cost of hydrogen, making it more affordable for both manufacturers and consumers. Increased production capacity ensures a steady supply of hydrogen for refueling stations. As production costs decrease, hydrogen vehicles become more competitive with electric vehicles. These advancements help establish hydrogen as a viable, sustainable fuel for transportation, accelerating market adoption.

Restraint:

High cost of production

The high cost of production for materials such as hydrogen fuel cells, storage tanks, and related components are expensive to manufacture due to the use of rare materials like platinum. This increases the overall cost of hydrogen vehicles, making them less affordable for consumers compared to traditional vehicles or battery electric vehicles. Additionally, the limited scale of production and supply chain inefficiencies contribute to higher costs. The lack of mass-market adoption further restricts economies of scale, keeping prices high. Until production costs decrease, widespread adoption of hydrogen vehicles will remain challenging.

Opportunity:

Expansion of refueling infrastructure

The expansion of hydrogen refueling infrastructure, needs more refueling stations, the convenience and accessibility of hydrogen vehicles improve, addressing consumer concerns about range anxiety. This increased infrastructure reduces operational barriers for businesses and fleet operators using hydrogen-powered vehicles. As refueling networks grow, manufacturers are more inclined to produce hydrogen vehicles, boosting market supply. Additionally, government investments in refueling infrastructure further promote the adoption of hydrogen vehicles. Ultimately, the expanded infrastructure accelerates the transition to hydrogen-powered transportation.

Threat:

Supply chain vulnerabilities

Disruptions in the supply of raw materials like platinum, used in fuel cells, can increase costs and slow down manufacturing. Limited availability of hydrogen refueling stations further restricts vehicle adoption. Global trade uncertainties and geopolitical tensions can interrupt the timely delivery of essential parts. These supply chain issues make hydrogen vehicles more expensive and less accessible. Additionally, production bottlenecks can lead to lower vehicle availability in the market.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the hydrogen vehicle market by disrupting production, supply chains, and consumer demand. Lockdowns and factory closures delayed vehicle manufacturing and infrastructure development, while economic uncertainty led to reduced investments in green technologies. However, the pandemic also heightened awareness of environmental issues, driving governments to prioritize sustainable solutions in their recovery plans. This shift towards clean energy and green mobility has sparked renewed interest in hydrogen vehicles as part of post-pandemic economic rebuilding efforts.

The fuel cells segment is expected to be the largest during the forecast period

The fuel cells segment is predicted to secure the largest market share throughout the forecast period, due to the core technology for clean energy conversion. Fuel cells generate electricity by combining hydrogen with oxygen, producing only water vapour as a by-product, making hydrogen vehicles environmentally friendly. The advancement of fuel cell technology has led to improved efficiency, driving down costs and increasing vehicle performance. As fuel cell systems become more affordable and reliable, automakers are more inclined to invest in hydrogen-powered vehicles. This enhances the adoption of hydrogen vehicles, especially for commercial and heavy-duty applications.

The public transport segment is expected to have the highest CAGR during the forecast period

The public transport segment is projected to witness substantial growth during the estimation period, due to sustainable transport solutions. Hydrogen buses, trains, and other forms of public transit offer zero-emission alternatives, addressing urban air pollution and climate goals. The adoption of hydrogen vehicles in public transport helps reduce fossil fuel dependence and lowers operating costs over time. Investments in hydrogen infrastructure, like refueling stations, are accelerated by public sector initiatives. This widespread deployment boosts consumer confidence and encourages broader market adoption.

Region with largest share:

During the projected timeframe, the Asia Pacific region is expected to hold the largest market share due to strong government support, technological advancements, and increasing environmental awareness. Countries like Japan, South Korea, and China are leading in hydrogen vehicle development, with major manufacturers such as Toyota, Hyundai, and Honda investing heavily in fuel cell technologies. The region is rapidly expanding its hydrogen refueling infrastructure, encouraging broader adoption. Moreover, governments are implementing policies and incentives to promote hydrogen as a clean energy source, creating a favourable environment for the growth of hydrogen-powered vehicles in the Asia Pacific.

Region with highest CAGR:

Over the forecasted timeframe, the North America region is anticipated to exhibit the highest CAGR, by strong government support and increasing environmental awareness. The U.S. and Canada are leading the way in adopting hydrogen fuel cell technology, with various automakers launching hydrogen-powered vehicles and expanding refueling infrastructure. Key players like Toyota, Hyundai, and Honda are actively investing in hydrogen vehicle development. Additionally, initiatives to reduce greenhouse gas emissions and promote clean energy are accelerating market growth. North America's focus on renewable energy integration and sustainable transportation solutions is positioning hydrogen vehicles as a key component of future mobility.

Key players in the market

Some of the key players profiled in the Hydrogen Vehicle Market include Toyota Motor Corporation, Honda Motor Co., Ltd., Hyundai Motor Company, BMW Group, Mercedes-Benz (Daimler AG), Ford Motor Company, General Motors (GM), Nissan Motor Co., Ltd., Volkswagen Group, Audi AG, Ballard Power Systems, Plug Power Inc., Nikola Corporation, Cummins Inc. and Hydrogenics Corporation (Cummins Inc.)

Key Developments:

In November 2024, Toyota Motor Europe entered into a groundbreaking cooperation with Karsan to equip Karsan's hydrogen buses with Toyota's fuel cell modules. This partnership aims to enhance public transport sustainability through advanced hydrogen technology.

In September 2024, Toyota and BMW Group announced an extension of their collaboration in the hydrogen sector. The partnership aims to create a broader range of fuel cell electric vehicles (FCEVs) and enhance infrastructure development for hydrogen supply.

In May 2023, Honda and Isuzu Motors Limited entered into a partnership where Honda will develop and supply the fuel cell (FC) system for Isuzu's upcoming fuel cell-powered heavy-duty truck. This collaboration aims to leverage hydrogen technology to achieve carbon neutrality in heavy-duty vehicles.

Vehicle Types Covered:

• Passenger Vehicles
• Commercial Vehicles
• Two-wheelers
• Heavy Duty Vehicles
• Other Vehicle Types

Components Covered:

• Fuel Cells
• Hydrogen Storage Systems
• Electric Motors
• Batteries
• Fuelling Infrastructure
• Other Components

Refueling Infrastructures Covered:

• Hydrogen Refueling Stations
• Mobile Refueling Solutions

Distribution Channels Covered:

• Direct Sales
• Dealerships
• Online Sales
• Other Distribution Channels

End Users Covered:

• Individual Consumers
• Fleet Operators
• Public Transport
• Intercity Transportation
• Logistics and Freight
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Hydrogen Vehicle Market, By Vehicle Type

• 5.1 Introduction
• 5.2 Passenger Vehicles
• 5.3 Commercial Vehicles
• 5.4 Two-wheelers
• 5.5 Heavy Duty Vehicles
• 5.6 Other Vehicle Types

6 Global Hydrogen Vehicle Market, By Component

• 6.1 Introduction
• 6.2 Fuel Cells
• 6.3 Hydrogen Storage Systems
• 6.4 Electric Motors
• 6.5 Batteries
• 6.6 Fueling Infrastructure
• 6.7 Other Components

7 Global Hydrogen Vehicle Market, By Refueling Infrastructure

• 7.1 Introduction
• 7.2 Hydrogen Refueling Stations
• 7.3 Mobile Refueling Solutions

8 Global Hydrogen Vehicle Market, By Distribution Channel

• 8.1 Introduction
• 8.2 Direct Sales
• 8.3 Dealerships
• 8.4 Online Sales
• 8.5 Other Distribution Channels

9 Global Hydrogen Vehicle Market, By End User

• 9.1 Introduction
• 9.2 Individual Consumers
• 9.3 Fleet Operators
• 9.4 Public Transport
• 9.5 Intercity Transportation
• 9.6 Logistics and Freight
• 9.7 Other End Users

10 Global Hydrogen Vehicle Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Toyota Motor Corporation
• 12.2 Honda Motor Co., Ltd.
• 12.3 Hyundai Motor Company
• 12.4 BMW Group
• 12.5 Mercedes-Benz (Daimler AG)
• 12.6 Ford Motor Company
• 12.7 General Motors (GM)
• 12.8 Nissan Motor Co., Ltd.
• 12.9 Volkswagen Group
• 12.10 Audi AG
• 12.11 Ballard Power Systems
• 12.12 Plug Power Inc.
• 12.13 Nikola Corporation
• 12.14 Cummins Inc.
• 12.15 Hydrogenics Corporation (Cummins Inc.)