Fuel Cell Light and Medium Duty Trucks Market Share 2022: Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2027

The Fuel Cell Light and Medium Duty Trucks Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Fuel Cell Light and Medium Duty Trucks Market Size is Projected to Reach at a CAGR of 45% during 2022-2027.

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Market Overview

Some of the major factors driving the growth of the market are the enactment of stringent emission norms, growing mass urban transportation, and rising demand for alternate fuel vehicles, along with continuous government support. However, factors, such as environmental concerns related to hydrogen production, may hinder the growth of the market.
Some of the key players dominating the market studied are Toyota Motor Corp., New Flyer America, and Wrightbus. With fuel cell buses commercially being used in the United States, in February 2019, Ballard Power Systems announced that 40-foot and 60-foot, Xcelsior fuel cell-electric buses (FCEBs), powered by Ballard FCveloCity-HD 85 kilowatt (kW) modules, which completed rigorous testing at the Altoona Bus Research and Testing Center under a program established by the Federal Transit Administration (FTA).

Top Leading Companies:

Saic Maxus, Feichi Bus, Dongfeng Trucks, Zhongtong Bus, Foton, Aoxin, Toyota, Renault, StreetScooter, Mercedes-Benz, Workhorse, UPS, FEDEX

Recent Development:

Toyota Industries has acquired 7 companies, including 3 in the last 5 years. A total of 5 acquisitions came from private equity firms. Toyota Industries’ largest acquisition to date was in 2012 when it acquired Cascade for $760M. Toyota Industries has acquired in 2 different US states, and 4 countries. The Company’s most targeted sectors include machinery (34%) and information technology (17%).
Renault has acquired 4 companies, including 1 in the last 5 years. It has also divested 1 asset. Its largest disclosed sale occurred in 2000 when it sold Renault Trucks to Volvo AB for $1.5B. Renault has acquired in 4 countries. The Company’s most targeted sectors include automotive (75%) and internet software and services (25%).

Fuel Cell Light and Medium Duty Trucks Market Segmentation by Type:

Light-Duty Truck
Medium-Duty Truck

Fuel Cell Light and Medium Duty Trucks Market Segmentation by Application:

Logistics
Others

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North America is a Major Player in the Global Market

Buses and other commercial vehicles make up a small percentage of the vehicles on road. However, they cover more mileage annually than passenger cars, with much worse fuel economy. CARB estimates that eliminating emissions from buses will be the equivalent of taking 4 million cars off the road. Thus, with the continually rising environmental concerns, owing to the increase in pollution from exhaust emissions, and for assurance of a sustainable future, the demand for zero-emission transport is accelerating.
As per the US Department of Energy, hydrogen is expected to join electricity as the major energy carrier, supplying every end-user energy needed in the economy, including transportation, central and distributed electric power, portable power, and combined heat and power for buildings and industrial processes.

Regional Fuel Cell Light and Medium Duty Trucks Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Fuel Cell Light and Medium Duty Trucks Market Report:

Detailed overview of Fuel Cell Light and Medium Duty Trucks Market
Changing the Fuel Cell Light and Medium Duty Trucks market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Fuel Cell Light and Medium Duty Trucks market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Fuel Cell Light and Medium Duty Trucks Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Fuel Cell Light and Medium Duty Trucks Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Fuel Cell Light and Medium Duty Trucks industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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