Toll Free: 1-888-928-9744
Toll Free: 1-888-928-9744
Published: Nov, 2018 | Pages:
60 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)
The global fuel cell vehicles market size is expected to reach USD 1.75 billion by 2025, according to a new report by Grand View Research, Inc., registering a 33.7% CAGR during the forecast period. This rapid growth can be attributed to increase in investments by governments over the world for development and adoption of fuel cells. Fuel cell vehicles ensure emission-free operation, which will effectively reduce the carbon footprint and significantly drive product demand over the next few years. The key factor expected to drive the industry is advancements in fuel cell technology. Ongoing advancements have helped match performance with conventional fuel vehicles, with respect to power output and user experience. Adoption of fuel cell vehicles worldwide is expected to rise over the forecast period due to increasing awareness about reducing harmful emissions, strict environmental regulations, and growing incentives for use of clean energy. Further key findings from the report suggest: • The global fuel cell vehicles market was valued at USD 194.5 million in 2017 and is expected to exhibit a CAGR of 33.7% over the forecast years owing to growing trend of clean energy consumption • Several government initiatives and programs to encourage the use of fuel cell vehicles have led to an increase in their adoption, subsequently increasing their demand over the past few years • North America accounted for the largest market share in 2017 and is anticipated to exhibit a CAGR of over 36.0% over the forecast period. This can be attributed to massive investments by the United States Department of Energy (DoE) in development of fuel cells and improvement of infrastructure • Although the Europe fuel cell vehicles market accounted for just over 3.0% of the overall market revenue in 2017, it is anticipated to be the fastest growing region with CAGR of more than 38.0% over the forecast period • Key market players include Toyota Motor Corporation, Honda Motor Company, Ltd., and Hyundai Motor Company. Apart from these, there are several other automobile manufacturers that are in the process of launching their fuel cell vehicles.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Fuel cell vehicle regional marketplace: Key takeaways
Chapter 3. Fuel Cell Vehicle Industry Outlook
3.1. Market Segmentation
3.2. Market Size and Growth Prospects, 2014 - 2025
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Improved vehicle performance
3.4.1.2. Government initiative
3.4.2. Market restraint/challenge analysis
3.4.2.1. Inadequate infrastructure
3.5. Key Opportunity Analysis
3.5.1. Reduction in fuel cell prices
3.6. Industry Analysis - Porter's
3.7. PEST Analysis
Chapter 4. Fuel Cell Vehicle Market: Regional Outlook
4.1. Fuel Cell Vehicles Market Share by Region, 2016 & 2025 (USD Million, Units)
4.2. North America
4.2.1. Market estimates and forecast, 2014 - 2025 (Units)
4.2.2. Market estimates and forecast, 2014 - 2025 (USD Million)
4.3. Europe
4.3.1. Market estimates and forecast, 2014 - 2025 (Units)
4.3.2. Market estimates and forecast, 2014 - 2025 (USD Million)
4.4. Asia Pacific
4.4.1. Market estimates and forecast, 2014 - 2025 (Units)
4.4.2. Market estimates and forecast, 2014 - 2025 (USD Million)
Chapter 5. Competitive Landscape
5.1. Honda Motor Company, Ltd.
5.1.1. Company overview
5.1.2. Financial performance
5.1.3. Product benchmarking
5.1.4. Strategic initiatives
5.2. Hyundai Motor Corporation
5.2.1. Company overview
5.2.2. Financial performance
5.2.3. Product benchmarking
5.2.4. Strategic initiatives
5.3. Toyota Motor Corporation
5.3.1. Company overview
5.3.2. Financial performance
5.3.3. Product benchmarking
5.3.4. Strategic initiatives
List of Tables TABLE 1 Global fuel cell vehicle market, 2014 - 2025 (Units) TABLE 2 Global fuel cell vehicle market, by region, 2014 - 2025 (Units) TABLE 3 Global fuel cell vehicle market, 2014 - 2025 (USD Million) TABLE 4 Global fuel cell vehicle market, by region, 2014 - 2025 (USD Million) TABLE 5 North America fuel cell vehicle market, 2014 - 2025 (Units) TABLE 6 North America fuel cell vehicle market, 2014 - 2025 (USD Million) TABLE 7 Europe fuel cell vehicle market, 2014 - 2025 (Units) TABLE 8 Europe fuel cell vehicle market, 2014 - 2025 (USD Million) TABLE 9 Asia Pacific fuel cell vehicle market, 2014 - 2025 (Units) TABLE 10 Asia Pacific fuel cell vehicle market, 2014 - 2025 (USD Million)
List of Figures FIG. 1 Research process FIG. 2 Information procurement FIG. 3 Fuel cell vehicle regional marketplace: Key takeaways FIG. 4 Fuel cell vehicle - Market segmentation and scope FIG. 5 Fuel cell vehicle - Market size and growth prospects, 2014 - 2025 (USD Million) FIG. 6 Fuel cell vehicle - Value chain analysis FIG. 7 Fuel cell vehicle - Market dynamics FIG. 8 Fuel cell vehicle - Market driver relevance analysis (current and future impact) FIG. 9 Fuel cell vehicle - Market restraint/challenge relevance analysis (Current & future impact) FIG. 10 Fuel cell vehicle - Market opportunity relevance analysis (Current & future impact) FIG. 11 Fuel cell vehicle - Penetration and growth prospect mapping FIG. 12 Fuel cell vehicle - Porter's analysis FIG. 13 Fuel cell vehicle - PESTEL analysis FIG. 14 Global fuel cell vehicle regional outlook, 2016 & 2025
Speak to the report author to design an exclusive study to serve your research needs.
Your personal and confidential information is safe and secure.
