DUBLIN--(BUSINESS WIRE)--The "Global Fuel Cell Commercial Vehicle Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The fuel cell commercial vehicle market will register a CAGR of nearly 60% by 2023.
The favorable incentive programs for green energy vehicles is one of the key factors expected to trigger the market's growth in the forthcoming years.
Several government bodies across the globe are leveraging innovative programs for promoting the adoption of green energy vehicles, including fuel cell vehicles. Green energy vehicles reduce air pollution significantly as they do not emit harmful pollutants including particulates, carbon monoxide, hydrocarbons, and volatile organic compounds.
In addition, the government's initiatives for encouraging OEMs in shifting their focus toward manufacturing green energy vehicles will eventually contribute to the fuel cell commercial vehicle market growth during the forecast period.
Decreasing fuel cell cost
One of the growth drivers of the global fuel cell commercial vehicle market is the decreasing fuel cell cost. Reducing fuel cell costs are seen as a crucial Market drivers as this will help OEMs to develop vehicles based on fuel cell technology at lower costs.
Shortage of hydrogen fuel stations
One of the challenges in the growth of the global fuel cell commercial vehicle market is the shortage of hydrogen fuel stations. This is strongly challenging the widespread adoption of fuel cell vehicles and threatening to thwart market growth.
Competitive Landscape
The market appears to be moderately concentrated with the presence of a few market players. Companies are focusing on converting their fleets to alternative fuel vehicles as demand for efficient and environment-friendly vehicles is increasing.
This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Players
- Daimler AG
- General Motors
- Hyundai Motor Company
- NFI Group Inc.
- Toyota Motor Corporation
- Volkswagen AG
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Comparison by application
- M&HCV - Market size and forecast 2018-2023
- LCV - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Daimler AG
- General Motors
- Hyundai Motor Company
- NFI Group Inc.
- Toyota Motor Corporation
- Volkswagen AG
For more information about this report visit https://www.researchandmarkets.com/r/dd71k7
