Global Fuel Cell Electric Vehicles Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Fuel Cell Electric Vehicles or Fuel Cell Vehicles is a type of vehicle which uses a fuel cell to power its on-board electric motor. Fuel cells in vehicles create electricity to power an electric motor, generally using oxygen from the air and compressed hydrogen. They are more efficient than conventional internal combustion engine vehicles and produce no harmful tailpipe exhaustﾗthey emit water vapor and warm air.
According to our (Global Info Research) latest study, the global Fuel Cell Electric Vehicles market size was valued at USD 1272.5 million in 2022 and is forecast to a readjusted size of USD 9638 million by 2029 with a CAGR of 33.5% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global fuel cell electric vehicles key players include Honda, Hyundai, Toyota Mirai, etc. Global top 2 manufacturers hold a share over 70%.
Asia-Pacific is the largest market, with a share over 75%, followed by North America, both have a share over 15 percent. 
In terms of application, the largest application is for sales, with a share over 90%, followed by for public lease.
This report is a detailed and comprehensive analysis for global Fuel Cell Electric Vehicles market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Fuel Cell Electric Vehicles market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2018-2029
Global Fuel Cell Electric Vehicles market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2018-2029
Global Fuel Cell Electric Vehicles market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2018-2029
Global Fuel Cell Electric Vehicles market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K USD/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Fuel Cell Electric Vehicles
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Fuel Cell Electric Vehicles market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hyundai, Toyota, Foton, Nanjing Golden Dragon and Yutong, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Fuel Cell Electric Vehicles market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    Passenger Vehicles
    Commercial Vehicles
Market segment by Application
    For Sales
    For Public Lease
Major players covered
    Hyundai
    Toyota
    Foton
    Nanjing Golden Dragon
    Yutong
    Feichi Bus
    Zhongtong Bus
    Hyzon Motors
    Xiamen Golden Dragon
    Yunnan Wulong
    Honda
Market segment by region, regional analysis covers
    North America (United States, Canada and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Fuel Cell Electric Vehicles product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Fuel Cell Electric Vehicles, with price, sales, revenue and global market share of Fuel Cell Electric Vehicles from 2018 to 2023.
Chapter 3, the Fuel Cell Electric Vehicles competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Fuel Cell Electric Vehicles breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Fuel Cell Electric Vehicles market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Fuel Cell Electric Vehicles.
Chapter 14 and 15, to describe Fuel Cell Electric Vehicles sales channel, distributors, customers, research findings and conclusion.