Fuel Cell Electric Vehicle Market 2018 Key Players are Honda, Toyota, Mercedes-Benz, Hyundai, Riversimple Rasa, Audi, General Motors, Daimler
Global Fuel Cell Electric Vehicle Market share is anticipated to display a marked ascent in the forthcoming years, owing to the fact that governments across a host of nations are undertaking various initiatives to bolster the utilization of zero-emission automobiles in a bid to lower greenhouse gas emissions and contain the ever-rising pollution levels. Moreover, it would be prudent to mention that the painstaking efforts being put in by automobile manufacturers in enhancing the existing fuel cell technology and revamping the current infrastructure of fuel cell EV platforms, has invariably created an unprecedented exuberance pertaining to the growth prospects of the global fuel cell electric vehicle industry.
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Citing an instance to highlight the same, one of the foremost fuel cell electric vehicle market player Ford Motor Company has recently announced that it would amplify its current investment in electric vehicle manufacturing by over two times, taking the figure to a staggering USD 11 billion. Moreover, a range of other dominant fuel cell electric vehicle industry giants including Toyota, General Motors, and Volkswagen have already carved out aggressive plans to manufacture more such vehicles in the next few years. Apparently, the aforementioned declarations undoubtedly showcase a favorable progression path of the worldwide fuel cell electric vehicle market, which garnered a total remuneration in excess of USD 728 million in the year 2016.
Top Key Players:-
The key players of global Fuel Cell Electric Vehicle Market are Honda, Toyota, Mercedes-Benz, Hyundai, Riversimple Rasa, Audi, General Motors, and Daimler.
Asia Pacific is predicted to dominate the industry’s volume share over the study period owing to rising automobile production across the region. China is the significant contributor in regional revenue generation. Increasing auto production coupled with rising domestic demand is boosting the country’s share over the projected timeframe.
In 2016, North America fuel cell electric vehicle market share was valued at around USD 173 million and will exhibit 41% CAGR over the projected time span. This can be attributed to the presence of well-established players and stringent regulations existing in the region. Government funds will further support the growth of fuel cell electric vehicle industry till 2024.
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Major Points of Table Of Content:-
Fuel cell electric vehicle Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.4. Pricing analysis
3.4.1. By region
3.4.2. Cost structure analysis
3.5. Hydrogen stations
3.5.1. By region
3.6. Technology landscape
3.7. Regulatory landscape
3.8. Industry impact forces
3.8.1. Growth drivers
184.108.40.206. North America
220.127.116.11. Asia Pacific
3.8.2. Industry pitfalls & challenges
3.9. Innovation & sustainability
3.10. Growth potential analysis
3.11. Porter's analysis
3.12. Competitive landscape, 2016
3.12.1. Company market share
3.12.2. Strategy dashboard
3.13. PESTEL analysis
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Meanwhile, it would be prudent to take note of the major factors that are likely to hamper the fuel cell electric vehicle market size progression over the next few years. Establishing a robust network of fueling stations has always been a matter of contention across the globe as it requires a substantial amount of investments. Taking this shortcoming into consideration, the renowned fuel cell electric vehicle market player General Motors Company has recently unveiled a new fuel cell platform, christened as Silent Utility Rover Universal Superstructure (SURUS), which has reportedly been designed for variegated vehicle models. The latest platform is being described as a significant development considering the use of microgrids in military applications. Furthermore, the platform has been developed in such a manner that it would double up as a stationary power source to charge the electric vehicle. The US Army is expected to be the first to utilize SURUS on a wide scale, given that it is already experimenting with semi-autonomous convoys to strengthen its existing fleet of fuel cell electric vehicles that cover long distances.
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