HYDROGEN TRUCKS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Hydrogen Trucks Market, By Product Type (Fuel Cell Electric Trucks and Hydrogen Internal Combustion Engine Trucks), By Tonnage (Light-Duty Hydrogen Trucks and Medium-Duty Hydrogen Trucks), By Application (Long-Haul Transportation, Last-Mile Delivery, Refuse Collection, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Aug 2024
Code : CMI7234
Pages :160
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market Concentration and Competitive Landscape

Hydrogen Trucks Market Concentration By Players

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Rising Demand for Clean Freight Transportation

Aside from tightening environmental regulations, increasing sustainability goals of companies involved in logistics and freight transportation is driving demand for clean solutions. Major logistics firms and goods delivery companies are exploring low carbon fuel alternatives as part of their corporate strategy to reduce environmental impact of operational activities. Adoption of zero emission trucks and buses can help companies gain better brand image and improve relationships with stakeholders. Many cities across the world have initiated programs to convert part of their municipal fleets to hydrogen or electric vehicles. Rising consumer inclination towards sustainable brands and services is another key factor driving clean technology adoption across supply chains. In order to meet sustainability targets, both public and private fleet operators are closely monitoring performance of fuel cell and battery electric trucks. Successful pilots showcasing commercial viability of these technologies would encourage broader deployment in future. Original equipment manufacturers are thus intensifying their product development efforts to cater to this emerging demand segment.

Key Players Insights