The global hydrogen truck market is experiencing a significant surge, driven by the urgent need to decarbonize freight transport and the growing emphasis on sustainable logistics solutions. With hydrogen fuel cell technology emerging as a viable alternative to traditional diesel engines, countries worldwide are investing in infrastructure and policy frameworks to support this transition.
Hydrogen truck market size was valued at USD 4,287.38 million in 2024 and is expected to reach USD 5,256.33 million by 2025 and 35,384.62 million by 2034, exhibiting a CAGR of 23.6% during the forecast period.
Country-Wise Market Trends
China
China stands at the forefront of the hydrogen truck revolution. The country's substantial investments in hydrogen infrastructure and strong governmental support have propelled rapid adoption. In 2024, China sold more hydrogen buses and trucks than the rest of the world combined and launched a 1,150 km hydrogen truck corridor . These initiatives underscore China's commitment to leading in zero-emission transportation.
United States
The U.S. hydrogen truck market is poised for steady growth, driven by increasing environmental regulations and the push for sustainable transportation solutions. While the adoption rate is currently moderate, ongoing investments in hydrogen infrastructure and pilot programs are expected to accelerate market penetration in the coming years.
Germany
Germany is witnessing a significant uptick in hydrogen truck adoption, fueled by stringent emission regulations and a strong focus on green transportation. The government's support for hydrogen fuel cell technology, coupled with investments in refueling infrastructure, positions Germany as a key player in the European hydrogen truck market.
Japan
Japan's hydrogen truck market is projected to reach USD 1.43 billion by 2030, growing at a CAGR of 24.3% from 2025 to 2030 . The country's emphasis on hydrogen as a clean energy source, along with advancements in fuel cell technology, is driving this growth. Heavy-duty trucks currently dominate the market, while medium-duty trucks are expected to register the fastest growth during the forecast period.
South Korea
South Korea is actively promoting hydrogen fuel cell vehicles as part of its broader strategy to reduce greenhouse gas emissions. The government's "Hydrogen Economy Roadmap" aims to deploy a significant number of hydrogen-powered trucks by 2030, supported by investments in production facilities and refueling stations.
France
France is investing in hydrogen mobility to meet its climate goals. The government's hydrogen strategy includes substantial funding for the development of hydrogen-powered vehicles and infrastructure. These efforts are expected to bolster the adoption of hydrogen trucks in the country.
United Kingdom
The UK is exploring hydrogen as a key component of its strategy to decarbonize heavy transport. Pilot projects and collaborations between the government and private sector are underway to test hydrogen truck viability, with a focus on building the necessary infrastructure to support widespread adoption.
India
India is in the nascent stages of hydrogen truck adoption. However, the government's National Hydrogen Mission aims to position the country as a hub for hydrogen production and utilization. Pilot projects and policy frameworks are being developed to explore the feasibility of hydrogen-powered freight transport.
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Australia
Australia is leveraging its abundant renewable energy resources to produce green hydrogen, which is essential for sustainable hydrogen truck operations. The government's support for hydrogen projects and infrastructure development is expected to facilitate the growth of the hydrogen truck market in the region.
Brazil
Brazil is exploring hydrogen as a means to diversify its energy matrix and reduce dependence on fossil fuels. While the hydrogen truck market is still emerging, government initiatives and international partnerships are laying the groundwork for future adoption.
South Africa
South Africa is focusing on green hydrogen production to support its energy transition goals. The country's investments in hydrogen infrastructure and interest in sustainable transportation solutions indicate potential growth in the hydrogen truck market.
Conclusion
The global hydrogen truck market is on an accelerated growth path, driven by the collective efforts of countries to achieve carbon neutrality and sustainable transportation. While adoption rates and strategies vary, the overarching trend points toward a significant shift in freight transport paradigms. As technological advancements continue and infrastructure develops, hydrogen trucks are poised to play a pivotal role in the future of global logistics.
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