Hydrogen Buses Market Size, Share, and Trends 2024 to 2034

The global hydrogen buses market size is calculated at USD 2.39 billion in 2025 and is forecasted to reach around USD 78.15 billion by 2034, accelerating at a CAGR of 47.34% from 2025 to 2034. The Asia Pacific hydrogen buses market size surpassed USD 2.03 billion in 2025 and is expanding at a CAGR of 47.40% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 2478
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

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

Chapter 5. COVID 19 Impact on Hydrogen Buses Market 

5.1. COVID-19 Landscape: Hydrogen Buses 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

Chapter 7. Competitive Landscape

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

Chapter 8. Global Hydrogen Buses Market, By Technology

8.1. Hydrogen Buses Market, by Technology

8.1.1 Proton Exchange Membrane Fuel Cells

8.1.1.1. Market Revenue and Forecast

8.1.2. Direct Methanol Fuel Cells

8.1.2.1. Market Revenue and Forecast

8.1.3. Phosphoric Acid Fuel Cells

8.1.3.1. Market Revenue and Forecast

8.1.4. Zinc-Air Fuel Cells

8.1.4.1. Market Revenue and Forecast

8.1.5. Solid Oxide Fuel Cells

8.1.5.1. Market Revenue and Forecast

Chapter 9. Global Hydrogen Buses Market, By Power Output

9.1. Hydrogen Buses Market, by Power Output

9.1.1. <150 KW

9.1.1.1. Market Revenue and Forecast

9.1.2. 150–250 KW

9.1.2.1. Market Revenue and Forecast

9.1.3. >250 KW

9.1.3.1. Market Revenue and Forecast

Chapter 10. Global Hydrogen Buses Market, By Transit Bus Models 

10.1. Hydrogen Buses Market, by Transit Bus Models

10.1.1. 30-Foot Transit Buses

10.1.1.1. Market Revenue and Forecast

10.1.2. 40-Foot Transit Buses

10.1.2.1. Market Revenue and Forecast

10.1.3. 60-Foot Transit Buses

10.1.3.1. Market Revenue and Forecast

Chapter 11. Global Hydrogen Buses Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Technology

11.1.2. Market Revenue and Forecast, by Power Output

11.1.3. Market Revenue and Forecast, by Transit Bus Models

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Technology

11.1.4.2. Market Revenue and Forecast, by Power Output

11.1.4.3. Market Revenue and Forecast, by Transit Bus Models

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Technology

11.1.5.2. Market Revenue and Forecast, by Power Output

11.1.5.3. Market Revenue and Forecast, by Transit Bus Models

11.2. Europe

11.2.1. Market Revenue and Forecast, by Technology

11.2.2. Market Revenue and Forecast, by Power Output

11.2.3. Market Revenue and Forecast, by Transit Bus Models

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Technology

11.2.4.2. Market Revenue and Forecast, by Power Output

11.2.4.3. Market Revenue and Forecast, by Transit Bus Models

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Technology

11.2.5.2. Market Revenue and Forecast, by Power Output

11.2.5.3. Market Revenue and Forecast, by Transit Bus Models

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Technology

11.2.6.2. Market Revenue and Forecast, by Power Output

11.2.6.3. Market Revenue and Forecast, by Transit Bus Models

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Technology

11.2.7.2. Market Revenue and Forecast, by Power Output

11.2.7.3. Market Revenue and Forecast, by Transit Bus Models

11.3. APAC

11.3.1. Market Revenue and Forecast, by Technology

11.3.2. Market Revenue and Forecast, by Power Output

11.3.3. Market Revenue and Forecast, by Transit Bus Models

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Technology

11.3.4.2. Market Revenue and Forecast, by Power Output

11.3.4.3. Market Revenue and Forecast, by Transit Bus Models

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Technology

11.3.5.2. Market Revenue and Forecast, by Power Output

11.3.5.3. Market Revenue and Forecast, by Transit Bus Models

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Technology

11.3.6.2. Market Revenue and Forecast, by Power Output

11.3.6.3. Market Revenue and Forecast, by Transit Bus Models

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Technology

11.3.7.2. Market Revenue and Forecast, by Power Output

11.3.7.3. Market Revenue and Forecast, by Transit Bus Models

11.4. MEA

11.4.1. Market Revenue and Forecast, by Technology

11.4.2. Market Revenue and Forecast, by Power Output

11.4.3. Market Revenue and Forecast, by Transit Bus Models

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Technology

11.4.4.2. Market Revenue and Forecast, by Power Output

11.4.4.3. Market Revenue and Forecast, by Transit Bus Models

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Technology

11.4.5.2. Market Revenue and Forecast, by Power Output

11.4.5.3. Market Revenue and Forecast, by Transit Bus Models

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Technology

11.4.6.2. Market Revenue and Forecast, by Power Output

11.4.6.3. Market Revenue and Forecast, by Transit Bus Models

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Technology

11.4.7.2. Market Revenue and Forecast, by Power Output

11.4.7.3. Market Revenue and Forecast, by Transit Bus Models

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Technology

11.5.2. Market Revenue and Forecast, by Power Output

11.5.3. Market Revenue and Forecast, by Transit Bus Models

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Technology

11.5.4.2. Market Revenue and Forecast, by Power Output

11.5.4.3. Market Revenue and Forecast, by Transit Bus Models

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Technology

11.5.5.2. Market Revenue and Forecast, by Power Output

11.5.5.3. Market Revenue and Forecast, by Transit Bus Models

Chapter 12. Company Profiles

12.1. Tata Motors Limited

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Thor Industries

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Hyundai

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Ballard Power Systems

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. NovaBus Corporation

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. New Flyer Industries Ltd

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. EvoBus

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. New Flyer

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Hino Motors Ltd.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. SunLine Transit Agency

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global hydrogen buses market is poised to grow at a CAGR of 47.34% from 2025 to 2034.

The major players operating in the hydrogen buses market are Tata Motors Limited, Thor Industries, Hyundai, Ballard Power Systems, NovaBus Corporation, New Flyer Industries Ltd, EvoBus, New Flyer, Hino Motors Ltd., SunLine Transit Agency and Others.

The driving factors of the hydrogen buses market are increases the demand for environment-friendly vehicles and increasing cost of gas and diesel.

Asia Pacific region will lead the global hydrogen buses market during the forecast period 2025 to 2034.

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