Fuel Cell Commercial Vehicle: COVID-19 to Negatively Impact Growth | Forecasting Strategies for New Normal | Technavio

LONDON Technavio has been monitoring the fuel cell commercial vehicle market and it is poised to grow by 20.14 thousand units during 2020-2024, progressing at a CAGR of about 45% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the fuel cell commercial vehicle market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions-

Based on segmentation by type, which is the leading segment in the market?
The M&HCVs are expected to be the leading segment based on type in the global market during the forecast period.

What are the major trends in the market?
Growing focus toward the development of ethanol-based fuel cell technology is one of the major trends in the market.

At what rate is the market projected to grow?
Growing at a CAGR of about 45%, the incremental growth of the market is anticipated to be 20.14 thousand units.

Who are the top players in the market?
AB Volvo, Ashok Leyland Ltd., CNH Industrial NV, Daimler AG, Hyundai Motor Co., Nikola Corp., PACCAR Inc., Tata Motors Ltd., Toyota Motor Corporation, and Volkswagen AG. are some of the major market participants.

What are the key market drivers and challenges?
Awareness about the benefits of green energy vehicles is one of the major factors driving the market. However, the shortage of hydrogen fuel stations restraints the market growth.

How big is the APAC market?
The APAC region will contribute to 55% of market growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, Ashok Leyland Ltd., CNH Industrial NV, Daimler AG, Hyundai Motor Co., Nikola Corp., PACCAR Inc., Tata Motors Ltd., Toyota Motor Corporation, and Volkswagen AG are some of the major market participants. The awareness about the benefits of green energy vehicles will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this fuel cell commercial vehicle market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Fuel Cell Commercial Vehicle Market 2020-2024: Segmentation

Fuel Cell Commercial Vehicle Market is segmented as below:

Type
- MCVs And HCVs
- LCVs
Geography
- APAC
- North America
- Europe
- MEA
- South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44815

Fuel Cell Commercial Vehicle Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fuel cell commercial vehicle market report covers the following areas:

Fuel Cell Commercial Vehicle Market Size
Fuel Cell Commercial Vehicle Market Trends
Fuel Cell Commercial Vehicle Market Analysis

This study identifies growing focus toward the development of ethanol-based fuel cell technology as one of the prime reasons driving the fuel cell commercial vehicle market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Fuel Cell Commercial Vehicle Market 2020-2024: Key Highlights

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist fuel cell commercial vehicle market growth during the next five years
Estimation of the fuel cell commercial vehicle market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the fuel cell commercial vehicle market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of fuel cell commercial vehicle market vendors

Table of Contents:

Executive Summary

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019-2024

Five Forces Analysis

Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Type

Market segments
Comparison by Type
MCVs and HCVs - Market size and forecast 2019-2024
LCVs - Market size and forecast 2019-2024
Market opportunity by Type

Customer Landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Overview
Vendor landscape
Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
AB Volvo
Ashok Leyland Ltd.
CNH Industrial NV
Daimler AG
Hyundai Motor Co.
Nikola Corp.
PACCAR Inc.
Tata Motors Ltd.
Toyota Motor Corp.
Volkswagen AG

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.