Global Hydrogen Truck Market Size & Outlook, 2025-2030
Global hydrogen truck market, 2018-2030 (US$M)
Related Markets
Global hydrogen truck market highlights
- The global hydrogen truck market generated a revenue of USD 4,290.1 million in 2024 and is expected to reach USD 15,101.6 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 23.9% by 2030.
- In terms of segment, heavy-duty trucks accounted for a revenue of USD 2,574.1 million in 2024.
- Medium-duty trucks is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 4,290.1 million |
| Market revenue in 2030 | USD 15,101.6 million |
| Growth rate | 23.9% (CAGR from 2025 to 2030) |
| Largest segment | Heavy-duty trucks |
| Fastest growing segment | Medium-duty trucks |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heavy-duty trucks, Medium-duty trucks, Small-duty trucks |
Other key industry trends
- In terms of revenue, the North America accounted for 26.6% of the global hydrogen truck market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 2,905.5 million by 2030.
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Hydrogen Truck Market Scope
Hydrogen Truck Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Foton | View profile | 101-250 | Cuajimalpa, Tabasco, Mexico, North America | https://www.foton.mx |
| Dongfeng Motor Corporation | View profile | 501-1000 | Wuhan, Hubei, China, Asia | http://www.dfmc.com.cn |
| Traton | View profile | 10001+ | Munich, Bayern, Germany, Europe | http://www.traton.com |
| Nikola Motor Company | View profile | 1001-5000 | Phoenix, Arizona, United States, North America | https://nikolamotor.com |
| Volvo Group | View profile | 10001+ | Gothenburg, Vastra Gotaland, Sweden, Europe | http://www.volvogroup.com |
| Scania | View profile | 10001+ | Södertälje, Vasternorrlands Lan, Sweden, Europe | https://www.scania.com |
| Zhengzhou Yutong Bus | View profile | 10001+ | Henan, Shanxi, China, Asia | http://www.yutong.com |
| Daimler Truck Holding AG ADR | View profile | 104213 | Fasanenweg 10, Leinfelden-Echterdingen, BW, Germany, 70771 | https://www.daimlertruck.com |
| PACCAR Inc | View profile | 32400 | 777-106th Avenue N.E., Bellevue, WA, United States, 98004 | https://www.paccar.com |
| Hyundai Motor Co | View profile | 73502 | 12, Heolleung-ro, Seocho-Gu, Seoul, Korea, Republic of | https://www.hyundai.com |
Global hydrogen truck market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hydrogen truck market will help companies and investors design strategic landscapes.
Heavy-duty trucks was the largest segment with a revenue share of 60% in 2024. Horizon Databook has segmented the Global hydrogen truck market based on heavy-duty trucks, medium-duty trucks, small-duty trucks covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Hydrogen Truck Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
- Medium-duty trucks
- Small-duty trucks
- Heavy-duty trucks
- Global Hydrogen Truck Technology Outlook (Revenue, USD Million, 2018-2030)
- PEMFC
- SOFC
- Global Hydrogen Truck Range Outlook (Revenue, USD Million, 2018-2030)
- 300-500 miles
- Above 500 miles
- Upto 300 miles
- Global Hydrogen Truck Motor Power Outlook (Revenue, USD Million, 2018-2030)
- Upto 200 Kw
- Above 400 Kw
- 200-400 Kw
- Global Hydrogen Truck Application Outlook (Revenue, USD Million, 2018-2030)
- Logistics and Transport
- Municipal
- Construction
- Others
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Target buyers of Global hydrogen truck market databook
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Our clientele includes a mix of hydrogen truck market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global hydrogen truck market , including forecasts for subscribers. This global databook contains high-level insights into Global hydrogen truck market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global hydrogen truck market size, by regions, 2018-2030 (US$M)
Top 10 countries: Hydrogen truck market size, 2024 (US$M)
Global hydrogen truck market share, by application, 2024 & 2030 (%, US$M)
Hydrogen truck market: Opportunity assessment by country
Global hydrogen truck market, by region, 2024 (US$M)
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