The global hydrogen trucks market size is calculated at USD 7.22 billion in 2025 and is forecasted to reach around USD 186.51 billion by 2034, accelerating at a CAGR of 43.52% from 2025 to 2034. The North America hydrogen trucks market size surpassed USD 1.86 billion in 2024 and is expanding at a CAGR of 43.72% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
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: Hydrogen Trucks 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. Hydrogen Trucks Market, by January
8.1.1 Heavy Duty trucks
8.1.1.1. Market Revenue and Forecast
8.1.2. Medium Duty Trucks
8.1.2.1. Market Revenue and Forecast
8.1.3. Small Duty Trucks
8.1.3.1. Market Revenue and Forecast
9.1. Hydrogen Trucks Market, by Application
9.1.1. Logistics
9.1.1.1. Market Revenue and Forecast
9.1.2. Municipal
9.1.2.1. Market Revenue and Forecast
10.1. Hydrogen Trucks Market, by Range
10.1.1. Above 400 Km
10.1.1.1. Market Revenue and Forecast
10.1.2. Below 400 Km
10.1.2.1. Market Revenue and Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by January
11.1.2. Market Revenue and Forecast, by Application
11.1.3. Market Revenue and Forecast, by Range
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by January
11.1.4.2. Market Revenue and Forecast, by Application
11.1.4.3. Market Revenue and Forecast, by Range
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by January
11.1.5.2. Market Revenue and Forecast, by Application
11.1.5.3. Market Revenue and Forecast, by Range
11.2. Europe
11.2.1. Market Revenue and Forecast, by January
11.2.2. Market Revenue and Forecast, by Application
11.2.3. Market Revenue and Forecast, by Range
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by January
11.2.4.2. Market Revenue and Forecast, by Application
11.2.4.3. Market Revenue and Forecast, by Range
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by January
11.2.5.2. Market Revenue and Forecast, by Application
11.2.5.3. Market Revenue and Forecast, by Range
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by January
11.2.6.2. Market Revenue and Forecast, by Application
11.2.6.3. Market Revenue and Forecast, by Range
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by January
11.2.7.2. Market Revenue and Forecast, by Application
11.2.7.3. Market Revenue and Forecast, by Range
11.3. APAC
11.3.1. Market Revenue and Forecast, by January
11.3.2. Market Revenue and Forecast, by Application
11.3.3. Market Revenue and Forecast, by Range
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by January
11.3.4.2. Market Revenue and Forecast, by Application
11.3.4.3. Market Revenue and Forecast, by Range
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by January
11.3.5.2. Market Revenue and Forecast, by Application
11.3.5.3. Market Revenue and Forecast, by Range
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by January
11.3.6.2. Market Revenue and Forecast, by Application
11.3.6.3. Market Revenue and Forecast, by Range
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by January
11.3.7.2. Market Revenue and Forecast, by Application
11.3.7.3. Market Revenue and Forecast, by Range
11.4. MEA
11.4.1. Market Revenue and Forecast, by January
11.4.2. Market Revenue and Forecast, by Application
11.4.3. Market Revenue and Forecast, by Range
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by January
11.4.4.2. Market Revenue and Forecast, by Application
11.4.4.3. Market Revenue and Forecast, by Range
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by January
11.4.5.2. Market Revenue and Forecast, by Application
11.4.5.3. Market Revenue and Forecast, by Range
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by January
11.4.6.2. Market Revenue and Forecast, by Application
11.4.6.3. Market Revenue and Forecast, by Range
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by January
11.4.7.2. Market Revenue and Forecast, by Application
11.4.7.3. Market Revenue and Forecast, by Range
11.5. Latin America
11.5.1. Market Revenue and Forecast, by January
11.5.2. Market Revenue and Forecast, by Application
11.5.3. Market Revenue and Forecast, by Range
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by January
11.5.4.2. Market Revenue and Forecast, by Application
11.5.4.3. Market Revenue and Forecast, by Range
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by January
11.5.5.2. Market Revenue and Forecast, by Application
11.5.5.3. Market Revenue and Forecast, by Range
12.1. Nikola
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Daimler trucks
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Cummins
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Hyzonmotors
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Toyota
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Volvo
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Honda motors
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Hyundai motors
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. SAIC
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. JMCH
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