DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Market for Hydrogen Fuel Cell Vehicles, 2017" report to their offering.
This is a comprehensive market research report on the global market for hydrogen fuel cell vehicles. Fuel cell technology can be used in virtually every kind of transportation, including cars, trucks, buses, forklifts, motorcycles, bicycles, airplanes, boats, submarines, and trams. However, the focus of this study is light vehicles, which includes cars, minivans and small trucks. These vehicles have gross weight of up to 6 metric tons or North American Class 5 gross vehicle weight rating.
The fuel cell market is in its incipience but poised for growth. This report carries out an in-depth analysis of this emerging market. The report discusses major players and product rollouts. In addition, it provides both long-term and short-term forecasts. The report contains detailed data for each region and for major countries in each region.
The report divides the timeline for hydrogen fuel cell vehicle rollouts into three time periods - 2015-2020, 2021-2026, and 2027-2032 - and provides forecasts for each of them.
Hydrogen fuel cell electric vehicles represent the next generation of electric drive vehicles, and these vehicles have entered commercialization phase. With zero emission capability, these vehicles represent the future of the automobile.
Close to 2,500 hydrogen fuel cell vehicles were sold or leased in 2016, representing a three-fold increase compared to 2015. While the numbers in terms of sales and leases are still miniscule compared to the market, they represent a trend that portends well for the future of hydrogen fuel cell vehicles.
With only three major competitors in the market, Toyota generated over 80 percent in sales in 2016. Hyundai had second highest sales, followed by Honda. The market will become more competitive as Mercedes-Benz rollouts out a fuel cell vehicle in the second half of 2017, followed by several other automakers over the next few years.
Cumulatively, over 22.2 million hydrogen fuel cell vehicles be sold or leased worldwide by 2032. These sales will generate collective revenues upwards of $1.1 trillion for the auto industry by 2032. Information Trends projects that by 2050, hydrogen fuel cell vehicles will become the fastest growing segment of the global automobile market.
Key Topics Covered:
1 Executive Summary
2 Scope of the Report
3 Fuel Cell Technology
4 Cost Factors very
5 Fuel Cell Vehicle
6 Pros and Cons of Fuel Cell Vehicles
7 Growth Factors
8 Industry Collaboration
9 Asia Pacific: Deployments
10 EMEA: Deployments
11 Deployments: The Americas
12 Automaker Strategies
13 Market Sizing and Forecasts
14 Future of Fuel Cell Vehicles
15 Key Findings
- Daimler AG (Mercedes-Benz)
- Fiat Chrysler Automobiles
- General Motors
- Mahindra & Mahindra
- PSA Peugeot Citroën
- Tata Motors
- Volkswagen Group (Audi)
For more information about this report visit http://www.researchandmarkets.com/research/92gds5/global_market_for