Executive Summary
The Global Automotive FCEV Market, valued at USD 415.45 Million in the year 2020, has been witnessing lucrative growth owing to stringent regulatory standards regarding environment conservation, supportive government policies on energy conservation, as well as growing consumer awareness about product quality. The continuous rise in demand of Electric Vehicles in Asia Pacific region is driving the demand of industrial products from last few years. The recent technology promises substantial reduction in maintenance costs, which is why it is received by a significantly large number of buyers hailing from diverse industrial backgrounds.
Owing to low production cost in Asian countries backed with rising industrialisation, manufacturers are investing in economies such as India and China which is propelling the market growth. Positive outlook towards automobile and electronic sector coupled with rapid industrialisation across developed and emerging economies will drive the Automotive FCEV market size. Additionally, due to expectation of rise in consumer demand and investment by public and private sector in small and medium scale industries anticipated to drive the market of global Automotive FCEV in future.
The market is also expected to register a boom in demand post COVID-19 pandemic situation attributable to the demand for the fuel cell trucks as several leading manufacturers have started production of the trucks, electric vehicles etc.
Growth in the automotive industry due to technological advancements, rise in population, and increase in consumer goods demand are major factors expected to drive the Automotive FCEV market during the forecast period. Fuel cell electric vehicles such as bikes and scooters are used for short distance range. The distance range covered in this segment is more than 100 km and less than 300 km. The hydrogen fuel powered motorcycle is essentially an electric two-wheeler. A hydrogen fuel cell powered vehicle uses hydrogen as fuel, which is stored in a refillable tank. A short-distance range means has a route that takes short miles from one place to another in the same city.
Passenger vehicles are motor vehicles with at least four wheels, used for the transport of passengers, and comprising no more than eight seats in addition to the driver's seat. Passenger vehicles at transportation hubs for fleets are good candidates for hydrogen fueling and the use of FCEVs because they mostly operate on fixed routes or within fixed districts and are fueled from a centralized station. These zero emission FCEVs could replace existing conventional fleet vehicles in Connecticut.
Scope of the Report
- The report analyses the Automotive FCEV Market by Distance Range (Short Range Distance, Long Range Distance).
- The report analyses the Automotive FCEV Market by Vehicle Type (Passenger Vehicle, Bus, Light Commercial Vehicle, Trucks).
- The Automotive FCEV Market has been analysed By Region (Americas, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Mexico, Germany, France, United Kingdom, China, India, Japan, South Korea).
- Also, the attractiveness of the market has been presented by region, distance range, vehicle type. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include BMW, Daimler AG, Peugeot SA, Renault, Volkswagen, Honda Motors, General Motors, Volvo Group, ElringKlinger, Rheinmetall AG.
- The report presents the analysis of Automotive FCEV market for the historical period of 2016-2020 and the forecast period of 2021-2026.
Key Target Audience
- Automotive FCEV Vendors
- Consulting and Advisory Firms
- Government and Policy Makers
- Regulatory Authorities
Global Automotive FCEV Market: Analysis By Vehicle Type (PVs, LCVs, Bus, Trucks), Distance Range (Short, Long), By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)
Table of Contents
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Automotive FCEV Market: Product Overview
4. Automotive FCEV Market: Sizing and Forecast
4.1 Market Size, By Value, Year 2016-2020
4.2 Market Size, By Value, Year 2021-2026
4.3 Impact of COVID-19 on Global Automotive FCEV Market
4.4 Global Economic & Industrial Outlook
5. Automotive FCEV Market Segmentation, By Distance Range (Value)
5.1 Global Automotive FCEV Market: Segment Analysis
5.2 Competitive Scenario of Global Automotive FCEV Market: By Distance Range (2020 & 2026)
5.3 By Short Range Distanceñ Market Size and Forecast (2016-2026)
5.4 By Long Range Distance- Market Size and Forecast (2016-2026)
6. Automotive FCEV Market Segmentation, By Vehicle Type (Value)
6.1 Global Automotive FCEV Market: Segment Analysis
6.2 Competitive Scenario of Global Automotive FCEV Market: By Vehicle Type (2020 & 2026)
6.3 By Passenger Vehiclesñ Market Size and Forecast (2016-2026)
6.4 By Busñ Market Size and Forecast (2016-2026)
6.5 By Light Commercial Vehiclesñ Market Size and Forecast (2016-2026)
6.6 By Trucksñ Market Size and Forecast (2016-2026)
7. Global Automotive FCEV Market: Regional Analysis
7.1 Competitive Scenario of Global Automotive FCEV Market: By Region (2020 & 2026)
8. Americas Automotive FCEV Market: An Analysis
8.1 Americas Automotive FCEV Market: Size and Forecast (2016-2026)
8.2 Americas Economic and industrial Statistics
8.3 Americas Automotive FCEV Market - Prominent Companies
8.4 Market Segmentation By Distance Range (Short Range Distance, Long Range Distance)
8.5 Market Segmentation By Vehicle Type (Passenger Vehicles, Bus, Light Commercial Vehicles, Trucks)
8.6 Americas Automotive FCEV Market: Country Analysis
8.7 Market Opportunity Chart of Americas Automotive FCEV Market - By Country, By Value (Year-2026)
8.8 Competitive Scenario of Americas Automotive FCEV: By Country (2020 & 2026)
8.9 United States Automotive FCEV Market: Size and Forecast (2016-2026)
8.10 United States Automotive FCEV Market Segmentation By Distance Range, By Vehicle Type (2016-2026)
8.11 United States Economic and Industrial Statistics
8.12 Canada Automotive FCEV Market: Size and Forecast (2016-2026)
8.13 Canada Automotive FCEV Market Segmentation By Distance Range, By Vehicle Type (2016-2026)
8.14 Canada Economic and Industrial Statistics
8.15 Mexico Automotive FCEV Market: Size and Forecast (2016-2026)
8.16 Mexico Automotive FCEV Market Segmentation By Distance Range, By Vehicle Type (2016-2026)
8.17 Mexico Economic and Industrial Statistics
9. Europe Automotive FCEV Market: An Analysis
9.1 Europe Automotive FCEV Market: Size and Forecast (2016-2026)
9.2 Europe Economic and industrial Statistics
9.3 Europe Automotive FCEV Market - Prominent Companies
9.4 Market Segmentation By Distance Range (Short Range Distance, Long Range Distance)
9.5 Market Segmentation By Vehicle Type (Passenger Vehicles, Bus, Light Commercial Vehicles, Trucks)
9.6 Europe Automotive FCEV Market: Country Analysis
9.7 Market Opportunity Chart of Europe Automotive FCEV Market - By Country, By Value (Year-2026)
9.8 Competitive Scenario of Europe Automotive FCEV: By Country (2020 & 2026)
9.9 Germany Automotive FCEV Market: Size and Forecast (2016-2026)
9.10 Germany Automotive FCEV Market Segmentation By Distance Range, By Vehicle Type (2016-2026)
9.11 Germany Economic and Industrial Statistics
9.12 France Automotive FCEV Market: Size and Forecast (2016-2026)
9.13 France Automotive FCEV Market Segmentation By Distance Range, By Vehicle Type (2016-2026)
9.14 France Economic and Industrial Statistics
9.15 United Kingdom Automotive FCEV Market: Size and Forecast (2016-2026)
9.16 United Kingdom Automotive FCEV Market Segmentation By Distance Range, By Vehicle Type (2016-2026)
9.17 United Kingdom Economic and Industrial Statistics
10. APAC Automotive FCEV Market: An Analysis
10.1 APAC Automotive FCEV Market: Size and Forecast (2016-2026)
10.2 APAC Economic and industrial Statistics
10.3 APAC Automotive FCEV Market- Prominent Companies
10.4 Market Segmentation By Distance Range (Short Range Distance, Long Range Distance)
10.5 Market Segmentation By Vehicle Type (Passenger Vehicles, Bus, Light Commercial Vehicles, Trucks)
10.6 APAC Automotive FCEV Market: Country Analysis
10.7 Market Opportunity Chart of APAC Automotive FCEV Market - By Country, By Value (Year-2026)
10.8 Competitive Scenario of APAC Automotive FCEV: By Country (2020 & 2026)
10.9 China Automotive FCEV Market: Size and Forecast (2016-2026)
10.10 China Automotive FCEV Market Segmentation By Distance Range, By Vehicle Type (2016-2026)
10.11 China Economic and Industrial Statistics
10.12 Japan Automotive FCEV Market: Size and Forecast (2016-2026)
10.13 Japan Automotive FCEV Market Segmentation By Distance Range, By Vehicle Type (2016-2026)
10.15 India Automotive FCEV Market: Size and Forecast (2016-2026)
10.16 India Automotive FCEV Market Segmentation By Distance Range, By Vehicle Type (2016-2026)
10.17 India Economic and Industrial Statistics
10.18 South Korea Automotive FCEV Market: Size and Forecast (2016-2026)
10.19 South Korea Automotive FCEV Market Segmentation By Distance Range, By Vehicle Type (2016-2026)
10.20 South Korea Economic and Industrial Statistics
11. Global Automotive FCEV Market Dynamics
11.1 Global Automotive FCEV Market Drivers
11.2 Global Automotive FCEV Market Restraints
11.3 Global Automotive FCEV Market Trends
12. Market Attractiveness and Strategic Analysis
12.1 Market Attractiveness
12.1.1 Market Attractiveness Chart of Global Automotive FCEV Market - By Distance Range (Year 2026)
12.1.2 Market Attractiveness Chart of Global Automotive FCEV Market - By Vehicle Type (Year 2026)
12.1.3 Market Attractiveness Chart of Global Automotive FCEV Market - By Region (Year 2026)
13. Competitive Landscape
13.1 Global Leading Automotive FCEV company market share, 2019
14. Company Profiles (Business Description, Financial Analysis, Business Strategy)
14.1 BMW
14.2 Daimler AG
14.3 Peugeot SA
14.4 Renault
14.5 Volkswagen
14.6 Honda Motors Co., Ltd
14.7 General Motors
14.8 Volvo Group
14.9 ElringKlinger
14.10 Rheinmetall AG
List of Figures
Figure 1: Global Automotive FCEV Market Size, By Value, 2016-2020 (USD Million)
Figure 2: Global Automotive FCEV Market Size, By Value, 2021-2026 (USD Million)
Figure 3: Investments in energy efficiency by region (USD Billion), 2014-2018
Figure 4: Global LCV Production (Millions), 2014-19
Figure 5: Global Passenger Car Production (Millions), 2014-2019
Figure 6: Global Manufacturing value added (USD Trillion), 2014-2019
Figure 7: Global Light vehicle Production (Millions), 2016-2019
Figure 8: Global Industry (Including Construction), Value added (annual growth), 2014-2019
Figure 9: Global Passenger car sales (Millions), 2014-19
Figure 10: Global EV Sales, (Thousands), 2016-20
Figure 11: Global Automotive FCEV Market- By Distance Range Market Share, 2020 & 2026
Figure 12: Global Automotive FCEV Market- By Short Range Distance, By Value (USD Million), 2016-2026
Figure 13: Global Automotive FCEV Market- By Long Range Distance, By Value (USD Million), 2016-2026
Figure 14: Global Automotive FCEV Market- By Vehicle Type Market Share, 2020 & 2026
Figure 15: Global Automotive FCEV Market- By Passenger Vehicle, By Value (USD Million), 2016-2026
Figure 16: Global Automotive FCEV Market- By Bus, By Value (USD Million), 2016-2026
Figure 17: Global Automotive FCEV Market- By Light Commercial Vehicle, By Value (USD Million), 2016-2026
Figure 18: Global Automotive FCEV Market- By Trucks, By Value (USD Million), 2016-2026
Figure 19: Global Automotive FCEV Market- By Region Market Share, 2020 & 2026
Figure 20: Americas Automotive FCEV Market Size, By Value, 2016-2026 (USD Million)
Figure 21: America Light Vehicle Production (Millions), 2014-2019
Figure 22: Latin America & Caribbean Industry (Including Construction), value added (annual growth), 2014-19
Figure 23: North America Manufacturing, Value Added (USD Trillion), 2013-17
Figure 24: Latin America & Caribbean Manufacturing, Value Added (USD Billion), 2014-19
Figure 25: North America Light vehicle Production (Millions), 2015-2019
Figure 26: America Passenger Car Production (Million), 2014-19
Figure 27: America Primary Energy consumption, (Exajoules), 2014-19
Figure 28: Americas Automotive FCEV Market- By Distance Range, By Value (USD Million), 2016-2026
Figure 29: Americas Automotive FCEV Market- By Vehicle Type, By Value (USD Million), 2016-2020
Figure 30: Market Opportunity Chart of Americas Automotive FCEV Market- By Country, By Value (Year-2026)
Figure 31: Americas Automotive FCEV Market- By Country Market Share, 2020 & 2026
Figure 32: United States Automotive FCEV Market Size, By Value, 2016-2026 (USD Million)
Figure 33: United State Automotive FCEV Market- By Distance Range, By Value (USD Million), 2016-2026
Figure 34: United States Automotive FCEV Market- By Vehicle Type, By Value (USD Million), 2016-2020
Figure 35: United States LCV Production (Millions), 2014-19
Figure 36: United States Fuel Cell Electric Vehicle Sales (in Units), 2015-18
Figure 37: United States Manufacturing, Value Added (USD Trillion), 2013-17
Figure 38: United States Industry (Including Construction), value added (USD Trillion), 2014-17
Figure 39: Canada Automotive FCEV Market Size, By Value, 2016-2026 (USD Million)
Figure 40: Canada Automotive FCEV Market- By Distance Range, By Value (USD Million), 2016-2026
Figure 41: Canada Automotive FCEV Market- By Vehicle Type, By Value (USD Million), 2016-2020
Figure 42: Canada LCV Production (Millions), 2014-19
Figure 43: Canada-manufacturing value added (annual % growth), 2014 - 2019
Figure 44: Canada Passenger Car Production (Thousands), 2014-19
Figure 45: Canada Primary Energy consumption, (Exajoules), 2014-19
Figure 46: Mexico Automotive FCEV Market Size, By Value, 2016-2026 (USD Million)
Figure 47: Mexico Automotive FCEV Market- By Distance Range, By Value (USD Million), 2016-2026
Figure 48: Mexico Automotive FCEV Market- By Vehicle Type, By Value (USD Million), 2016-2020
Figure 49: Mexico LCV Production (Millions), 2014-19
Figure 50: Mexico manufacturing value added (annual % growth), 2014-19
Figure 51: Mexico Passenger Car Production (Millions), 2014-19
Figure 52: Mexico Primary Energy consumption, (Exajoules), 2014-19
Figure 53: Europe Automotive FCEV Market Size, By Value, 2016-2026 (USD Million)
Figure 54: Europe LCV Production (Millions), 2014-19
Figure 55: Europe Union Industry (Including Construction), Value Added (USD Trillion), 2014-19
Figure 56: Europe Passenger Car Production (Million), 2014-19
Figure 57: Europe Primary Energy consumption, (Exajoules), 2014-19
Figure 58: Europe Total New vehicle sales (Millions), 2015-2019
Figure 59: European Union Manufacturing, Value Added (USD Trillion), 2014-19
Figure 60: Europe Automotive FCEV Market- By Distance Range, By Value (USD Million), 2016-2026
Figure 61: Europe Automotive FCEV Market- By Vehicle Type, By Value (USD Million), 2016-2020
Figure 62: Market Opportunity Chart of Europe Automotive FCEV Market- By Country, By Value (Year-2026)
Figure 63: Europe Automotive FCEV Market- By Country Market Share, 2020 & 2026
Figure 64: Germany Automotive FCEV Market Size, By Value, 2016-2026 (USD Million)
Figure 65: Germany Automotive FCEV Market- By Distance Range, By Value (USD Million), 2016-2026
Figure 66: Germany Automotive FCEV Market- By Vehicle Type, By Value (USD Million), 2016-2020
Figure 67: Germany Passenger Car Production (Millions), 2014-19
Figure 68: Germany Primary Energy consumption, (Exajoules), 2014-19
Figure 69: Germany Manufacturing, Value Added (USD Billion), 2014-19
Figure 70: Germany Industry (Including Construction), Value Added (USD Billion), 2014-19
Figure 71: France Automotive FCEV Market Size, By Value, 2016-2026 (USD Million)
Figure 72: France Automotive FCEV Market- By Distance Range, By Value (USD Million), 2016-2026
Figure 73: France Automotive FCEV Market- By Vehicle Type, By Value (USD Million), 2016-2020
Figure 74: France Manufacturing, Value Added (USD Billion), 2014-19
Figure 75: France Industry (Including Construction), Value Added (USD Billion), 2014-19
Figure 76: France LCV Production (Thousands), 2014-19
Figure 77: France Passenger Car Production, (Millions), 2014-19
Figure 78: UK Automotive FCEV Market Size, By Value, 2016-2026 (USD Million)
Figure 79: UK Automotive FCEV Market- By Distance Range, By Value (USD Million), 2016-2026
Figure 80: UK Automotive FCEV Market- By Vehicle Type, By Value (USD Million), 2016-2020
Figure 81: U.K-manufacturing value added (annual % growth), 2014 - 2019
Figure 82: U.K LCV Production (Thousands), 2014-19
Figure 83: U.K. Passenger Car Production, (Millions), 2014-19
Figure 84: APAC Automotive FCEV Market Size, By Value, 2016-2026 (USD Million)
Figure 85: East Asia & Pacific Industry (Including Construction), Value Added (USD Trillion), 2013-18
Figure 86: Asia Pacific Passenger Car Production (Millions), 2014-19
Figure 87: APAC LCV Production (Millions), 2014-19
Figure 88: Asian developing countries manufacturing growth rate (%)
Figure 89: APAC Automotive FCEV Market- By Distance Range, By Value (USD Million), 2016-2026
Figure 90: APAC Automotive FCEV Market- By Vehicle Type, By Value (USD Million), 2016-2020
Figure 91: Market Opportunity Chart of APAC Automotive FCEV Market- By Country, By Value (Year-2026)
Figure 92: APAC Automotive FCEV Market- By Country Market Share, 2020 & 2026
Figure 93: China Automotive FCEV Market Size, By Value, 2016-2026 (USD Million)
Figure 94: China Automotive FCEV Market- By Distance Range, By Value (USD Million), 2016-2026
Figure 95: China Automotive FCEV Market- By Vehicle Type, By Value (USD Million), 2016-2020
Figure 96: China Manufacturing, Value Added (USD Trillion), 2014-19
Figure 97: China Industry (Including Construction), Value Added (USD Trillion), 2014-19
Figure 98: China LCV Production (Million Units), 2014-19
Figure 99: China Passenger Car Production (Millions), 2014-19
Figure 100: Japan Automotive FCEV Market Size, By Value, 2016-2026 (USD Million)
Figure 101: Japan Automotive FCEV Market- By Distance Range, By Value (USD Million), 2016-2026
Figure 102: Japan Automotive FCEV Market- By Vehicle Type, By Value (USD Million), 2016-2020
Figure 103: Japan Manufacturing, Value Added (USD Trillion), 2014-19
Figure 104: Japan Industry (Including Construction), Value Added (USD Trillion), 2014-18
Figure 105: Japan LCV Production (Thousands), 2014-19
Figure 106: Japan Passenger Car Production (Millions), 2014-19
Figure 107: India Automotive FCEV Market Size, By Value, 2016-2026 (USD Million)
Figure 108: India Automotive FCEV Market- By Distance Range, By Value (USD Million), 2016-2026
Figure 109: India Automotive FCEV Market- By Vehicle Type, By Value (USD Million), 2016-2020
Figure 110: India Manufacturing, Value Added (USD Billion), 2014-19
Figure 111: India Industry (Including Construction), Value Added (USD Billion), 2014-19
Figure 112: India LCV Production (Thousands), 2014-19
Figure 113: India Passenger Car Production (Millions), 2014-19
Figure 114: South Korea Automotive FCEV Market Size, By Value, 2016-2026 (USD Million)
Figure 115: South Korea Automotive FCEV Market- By Distance Range, By Value (USD Million), 2016-2026
Figure 116: South Korea Automotive FCEV Market- By Vehicle Type, By Value (USD Million), 2016-2020
Figure 117: South Korea Manufacturing, Value Added (USD Billion), 2014-19
Figure 118: South Korea Industry (Including Construction), Value Added (USD Billion), 2014-19
Figure 119: South Korea LCV Production (Thousands), 2014-19
Figure 120: South Korea Passenger Car Production (Millions), 2014-19
Figure 121: Market Attractiveness Chart of Global Automotive FCEV Market- By Distance Range (Year-2026)
Figure 122: Market Attractiveness Chart of Global Automotive FCEV Market- By Vehicle Type (Year-2026)
Figure 123: Market Attractiveness Chart of Global Automotive FCEV Market- By Region (Year-2026)
Figure 124: Global leading Automotive FCEV market share (%), 2019
Figure 125: BMW Group Annual Sales Revenue, 2015-2019 (USD Million)
Figure 126: BMW Group Net Income, 2015-2019 (USD Million)
Figure 127: BMW group Sales Revenue, By Business Segment (%), FY2019
Figure 128: BMW Group Sales Revenue, By Geographical Segment (%), FY2019
Figure 129: Daimler AG Annual Sales Revenue, 2015-2019 (USD Million)
Figure 130: Daimler AG Net Profit, 2015-2019 (USD Million)
Figure 131: Daimler AG Sales Revenue, By Business Segment (%), FY2019
Figure 132: Daimler AG Sales Revenue, By Geographical Segment (%), FY2019
Figure 133: Peugeot SA Annual Sales Revenue, 2015-2019 (USD Million)
Figure 134: Peugeot SA Net Income, 2015-2019 (USD Million)
Figure 135: Peugeot SA Sales Revenue, By Business Segment (%), FY2019
Figure 136: Peugeot SA Sales Revenue, By Geographical Segment (%), FY2019
Figure 137: Renault Annual Sales Revenue, 2015-2019 (USD Million)
Figure 138: Renault Net Income, 2015-2019 (USD Million)
Figure 139: Renault Sales Revenue, By Business Segment (%), FY2019
Figure 140: Renault Sales Revenue, By Geographical Segment (%), FY2019
Figure 141: Volkswagen AG Annual Sales Revenue, 2015-2019 (USD Million)
Figure 142: Volkswagen AG Net Income, 2015-2019 (USD Million)
Figure 143: Volkswagen AG Sales Revenue, By Business Segment (%), FY2019
Figure 144: Volkswagen AG Sales Revenue, By Geographical Segment (%), FY2019
Figure 145: Honda Motor Annual Sales Revenue, 2015-2019 (USD Million)
Figure 146: Honda Motor Operating Profit, 2015-2019 (USD Million)
Figure 147: Honda Motor Sales Revenue, By Business Segment (%), FY2019
Figure 148: Honda Motor Sales Revenue, By Geographical Segment (%), FY2019
Figure 149: General Motors Annual Sales Revenue, 2015-2019 (USD Million)
Figure 150: General Motors Net Income, 2015-2019 (USD Million)
Figure 151: General Motors Sales Revenue, By Business Segment (%), FY2019
Figure 152: General Motors Sales Revenue, By Geographical Segment (%), FY2019
Figure 153: Volvo Group Annual Sales Revenue, 2015-2019 (USD Million)
Figure 154: Volvo Group Operating Income, 2015-2019 (USD Million)
Figure 155: Volvo Group Sales Revenue, By Business Segment (%), FY2019
Figure 156: Volvo Group Sales Revenue, By Geographical Segment (%), FY2019
Figure 157: ElringKlinger Annual Sales Revenue, 2015-2019 (USD Million)
Figure 158: ElringKlinger Net Income, 2015-2019 (USD Million)
Figure 159: ElringKlinger Sales Revenue, By Business Segment (%), FY2019
Figure 160: ElringKlinger Sales Revenue, By Geographical Segment (%), FY2019
Figure 161: Rheinmetall AG Annual Sales Revenue, 2015-2019 (USD Million)
Figure 162: Rheinmetall AG Net Income, 2015-2019 (USD Million)
Figure 163: Rheinmetall AG Sales Revenue, By Business Segment (%), FY2019
Figure 164: Rheinmetall AG Sales Revenue, By Geographical Segment (%), FY2019
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- Customize / Personalize as per your needs
