Hydrogen Trucks Market Size, Share, By Product (Heavy Duty trucks, Medium Duty Trucks, and Small Duty Trucks), Range (Upto 300 Miles, 300-500 Miles, and Above 500 Miles), Application (Long Haul Transportation, Last-Mile Delivery, Refuse Collection, and Others), and Region - Trends, Analysis, and Forecast till 2035

• The valuation of the market is prognosticated to extend at USD 175.5 Billion by 2035.
• Hydrogen trucks market size was USD 5.4 Billion in 2024.
• Target market is increasing at a CAGR of 43.6% during the forecast period.

A hydrogen truck, also known as a hydrogen lorry or hydrogen-powered truck, is a vehicle that uses hydrogen fuel cells to generate electricity, which in turn powers electric motors. These trucks produce zero harmful emissions, emitting only water vapor as a byproduct of the hydrogen-to-electricity conversion process. The hydrogen truck market is growing due to environmental regulations, government support through initiatives and subsidies, rising consumer interest in zero-emission vehicles, increased investments in hydrogen production, and expansion of green hydrogen hubs, declining costs, and technological advancements.

Impact of AI on Hydrogen Trucks Market:

By analyzing data to predict demand, optimize refueling strategies, identify potential safety hazards, improve fuel cell efficiency, and streamline maintenance schedules, artificial intelligence (AI) is primarily used in hydrogen trucks to optimize the entire hydrogen fuel cycle, including production, storage, and distribution. Integration of AI also helps to hydrogen trucks market expansion in upcoming years.

Key Drivers of Target Market:

Hydrogen Truck’s Positive Effect on the Environment can Support Market Expansion

One of the primary advantages of hydrogen trucks, which helps to hydrogen truck market diversification is their positive environmental impact. By emitting only water vapor, they contribute to a significant reduction in greenhouse gas emissions and air pollution compared to diesel-powered trucks.

• For instance, in May 2024, Volvo Trucks launched trucks with combustion engines that run on hydrogen, which provide a significant step for Volvo to achieve its net zero goal and support customers to reach their decarbonization targets.

Restraints:

Market Growth can Blocked by Lack of Widespread Refueling Infrastructure

One of the primary challenges facing hydrogen trucks is the lack of a widespread refueling infrastructure. Building a network of hydrogen refueling stations is a costly and complex process, but it is essential for the widespread adoption of hydrogen trucks.

• Counterbalance Statements: The widespread refueling infrastructure for hydrogen trucks can be realized through a combination of technological innovation, strategic infrastructure planning, policy support, and industry collaboration.

Opportunities:

Solid-State Fuel Cells Contributes Significantly to Market Diversification

Researchers are working on developing solid-state fuel cells, which could offer higher energy efficiency and lower operating temperatures than current fuel cell technologies. Solid-state fuel cells could significantly improve the performance and cost-effectiveness of hydrogen trucks.

Product, range, application, and region are the segments in the market.

Product

Belonging to product, the market is distinguished into heavy duty trucks, medium duty trucks, and small duty trucks. Heavy duty trucks is the largest segment of the hydrogen trucks market due to their use in long-haul transportation.

• For instance, in December 2024, Hyundai Motor Group Metaplant America (HMGMA), in cooperation with Glovis America, announced it has deployed Hyundai XCIENT heavy-duty hydrogen fuel-cell electric trucks for clean logistics operations. This industry-leading initiative represents a significant step forward in HMGMA’s leadership efforts to both reduce its carbon footprint and actively promote sustainable practices in daily logistics operations.

Range

The market is categorized into up to 300 miles, 300-500 miles, and above 500 miles, on the basis of range. The 300-500 miles segment holds the largest hydrogen trucks market share, as this range is well-suited for long-haul transportation, which is a major part of the trucking industry.

Application

Long haul transportation, last-mile delivery, refuse collection, and others are applications upon which the hydrogen trucks market is divided. Long-haul transportation is expected to have the highest market share owing to their range and refueling efficiency.

• For instance, in July 2023, Toll Group announced the introduction of its first hydrogen-powered long-haul truck in China, marking a significant milestone in its commitment to sustainable transportation solutions. The launch of the hydrogen truck is part of Toll’s broader sustainability strategy and commitment to achieving net-zero emissions by 2050.

Regional

Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America: North America holds the largest share of the hydrogen truck market primarily due to strong government incentives, established hydrogen fuel cell infrastructure, increasing adoption of clean energy solutions, and significant policy support from states such as California, which actively promotes the use of hydrogen vehicles, leading to a robust market for hydrogen trucks in the region.

• For instance, in January 2025, Donaldson Company, Inc., a leading worldwide provider of innovative filtration products and solutions, announced its partnership with Daimler Truck North America (DTNA) on their hydrogen fuel cell project. Donaldson’s advanced air filter technology is set to be featured in the next-generation Freightliner SuperTruck III, further solidifying its position at the forefront of hydrogen fuel cell innovation.

Asia Pacific: The Asia Pacific region is the fastest growing market for hydrogen trucks. This is due to the government support, a growing demand for zero-emission vehicles, and investments in hydrogen refueling infrastructure.

• For instance, in January 2025, the Commercial Vehicles division of India’s Tata Motors is set to start a pilot project using trucks fitted with hydrogen internal combustion (IC) engines. As part of the National Green Hydrogen Mission, the company will operate trucks on three routes for up to 18 months. The three routes will be Mumbai-Pune, Jamshedpur-Kalinganagar, and Mumbai-Ahmedabad.

Hydrogen Trucks Market Report Scope:

Segmentation:

By Product:

• Heavy Duty Trucks
• Medium Duty Trucks
• Small Duty Trucks

By Range:

• Upto 300 Miles
• 300-500 Miles
• Above 500 Miles

By Application:

• Long Haul Transportation
• Last-Mile Delivery

• Refuse Collection
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The companies operating in the market are Hyundai Motor Company, Nikola Corporation, Scania, Ballard Power Systems, Daimler Truck AG, and others. Hydrogen truck companies can use strategies such as advancing fuel cell technology, integrating with renewable energy, and developing hydrogen infrastructure to meet demand.

List of Key Players in the Market:

• Hyundai Motor Company
• Scania
• Ballard Power Systems
• Daimler Truck AG
• AB Volvo
• PACCAR Inc.
• Dongfeng Motor Company
• CHINA FAW GROUP CO., LTD.
• Hyzon
• China National Heavy Duty Truck Group Co., Ltd.
• Symbio
• Nikola Corporation
• NPROXX
• Accelera

• In March 2025, as part of the National Green Hydrogen Mission, the Indian government has initiated five pilot projects for using Hydrogen in buses and trucks. The vehicles that will be deployed for the trial include 15 hydrogen fuel cell-based vehicles and 22 hydrogen internal combustion engine-based vehicles. The mission will lead to significant decarbonization of the economy, reduced dependence on fossil fuel imports, and enable India to assume technology and market leadership in Green Hydrogen.
• In October 2024, Hyzon, a U.S.-based high-performance hydrogen fuel cell system manufacturer and technology developer focused on providing zero-emission power to decarbonize the most demanding industries, announced it has entered into a purchase agreement for North America’s first 12 hydrogen-powered refuse Fuel Cell Electric Vehicles (FCEVs) with recycling and innovation pioneer GreenWaste, contingent upon Hyzon meeting certain commercial terms and specifications as defined in the agreement.  

Analyst View:   

Environmental regulations, government support through activities and subsidies, increasing interest from consumers in zero-emission vehicles, higher expenditures in hydrogen production, and technological advancements are factors that have contributed to the explosive development of the hydrogen truck market.

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