The global electric and fuel cell truck market size accounted for USD 3.85 billion in 2024, grew to USD 5.45 billion in 2025 and is predicted to surpass around USD 124.81 billion by 2034, representing a healthy CAGR of 41.60% between 2024 and 2034.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Electric and Fuel Cell Truck Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Electric and Fuel Cell Truck Market, by Type, 2024-2034
8.1.1 Phosphoric Acid Fuel Cell
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. Proton Exchange Menbrance Fuel Cell
8.1.2.1. Market Revenue and Forecast (2021-2034)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2021-2034)
9.1. Electric and Fuel Cell Truck Market, by Power Rating, 2024-2034
9.1.1. Below 100 kW
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. 100 - 200 kW
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. Above 200kW
9.1.3.1. Market Revenue and Forecast (2021-2034)
10.1. Electric and Fuel Cell Truck Market, by Vehicles, 2024-2034
10.1.1. Light Commercial Vehicles
10.1.1.1. Market Revenue and Forecast (2021-2034)
10.1.2. Passenger Vehicles
10.1.2.1. Market Revenue and Forecast (2021-2034)
10.1.3. Bus
10.1.3.1. Market Revenue and Forecast (2021-2034)
10.1.4. Trucks
10.1.4.1. Market Revenue and Forecast (2021-2034)
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2021-2034)
11.1.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.1.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Type (2021-2034)
11.1.4.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.1.4.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Type (2021-2034)
11.1.5.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.1.5.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2021-2034)
11.2.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.2.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Type (2021-2034)
11.2.4.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.2.4.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Type (2021-2034)
11.2.5.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.2.5.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Type (2021-2034)
11.2.6.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.2.6.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Type (2021-2034)
11.2.7.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.2.7.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2021-2034)
11.3.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.3.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Type (2021-2034)
11.3.4.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.3.4.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Type (2021-2034)
11.3.5.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.3.5.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Type (2021-2034)
11.3.6.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.3.6.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Type (2021-2034)
11.3.7.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.3.7.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2021-2034)
11.4.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.4.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Type (2021-2034)
11.4.4.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.4.4.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Type (2021-2034)
11.4.5.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.4.5.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Type (2021-2034)
11.4.6.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.4.6.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Type (2021-2034)
11.4.7.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.4.7.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2021-2034)
11.5.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.5.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Type (2021-2034)
11.5.4.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.5.4.3. Market Revenue and Forecast, by Vehicles (2021-2034)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Type (2021-2034)
11.5.5.2. Market Revenue and Forecast, by Power Rating (2021-2034)
11.5.5.3. Market Revenue and Forecast, by Vehicles (2021-2034)
12.1. Nuvera Fuel Cells, LLC
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. ITM Power
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Delphi Technologies
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Hydrogenics
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Toshiba
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Dialmer AG
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. American Honda Motor Company
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Plug Power
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Nedtack Fuel Cell Technology
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Nedtack Fuel Cell Technology
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
14.1. About Us
14.2. Glossary of Terms
For questions or customization requests, please reach out to us at sales@precedenceresearch.com
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
Report Description
Get a Sample