France Hydrogen Truck Market Size, Share, And COVID-19 Impact Analysis, By Type (Heavy Trucks, and Small & Medium Trucks), By Range (Above 400 Km, and Below 400 Km), By Motor Capacity (Up To 200 Kw, 200-400 Kw, and Above 400 Kw), By End-User (Logistics and Transport, Municipal, Construction, and Others), And France Hydrogen Truck Market Insights, Industry Trend, Forecasts To 2033.

France Hydrogen Truck Market Insights Forecasts to 2033 

• The France Hydrogen Truck Market size was valued at USD 99.54 Million in 2023.
• The France Hydrogen Truck Market size is expected to Grow at a CAGR of around 26.13% from 2023 to 2033. 
• The France Hydrogen Truck Market size is Expected to reach USD 1014.47 Million by 2033.  

The France Hydrogen Truck Market size is predicted to grow from USD 99.54 Million in 2023 to USD 1014.47 Million by 2033 at a CAGR of 26.13% during the forecast period.

Market Overview

The hydrogen truck market refers to the subsegment of the automotive manufacturing and transportation sector that emphasizes providing trucks that are fully electrically powered, with its main energy source being hydrogen fuel cells. These automobiles are powered by hydrogen fuel cells, which don't release any pollutants or exhaust gases. In hydrogen fuel cell trucks, a hydrogen fuel cell powers the onboard electric motor. A hydrogen fuel cell generates energy from hydrogen. Consequently, the use of hydrogen trucks is encouraged by heightened concern for the environment. Due to the incomplete combustion of cars that run on fossil fuels, the automotive industry is a significant source of air pollution. The market will significantly attain a new height due to these trucks significantly reducing greenhouse gas emissions through the utilization of hydrogen fuel cells for producing power, with only a byproduct of vaporized water. Further, a government encourages truck owners for its utility; for instance, according to world energy news, France has indeed unveiled a €175 million investment to support the development of hydrogen 'ecosystems' within the country. This initiative aims to create comprehensive territorial hydrogen ecosystems that integrate hydrogen production, distribution, and utilization within specific regions. The funding will be allocated to projects focusing on No 1: New ecosystems with a focus on industrial applications, No 2: New ecosystems primarily targeting mobility applications, and No 3: Expansion of existing ecosystems through the integration of new mobility applications.

Report Coverage

This research report categorizes the France hydrogen truck market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the France hydrogen truck market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the France hydrogen truck market.  

Driving Factors

The hydrogen truck market in France has been triggered by the growing need to tackle global warming and cut emissions of greenhouse gases, and regulatory agencies around every continent are enforcing strict regulations regarding emissions. Moreover, hydrogen trucks, which only emit water vapor as a byproduct, are becoming a crucial option. Further, the growing logistics and transportation sector, with the warm welcome of last mile delivery and e-commerce sector, boost this truck growth and its adaptability. In addition, energy density, durability, and scalability issues have been resolved by technological developments in hydrogen fuel cell technology, which have greatly increased the performance, economy, and efficiency for truck utilization.

Restraints & Challenges

The France hydrogen truck market growth is being restricted by several obstacles such as the high upfront costs, costly technology, and specialized hydrogen storage systems. Even though the high cost of ownership is still a deterrent, especially for small and medium-sized businesses, along with significant capital investment for the infrastructure, such as refueling stations.

Market Segmentation

The France hydrogen truck market share is classified into type, range, motor capacity, and end-user.

• The small & medium trucks segment accounted for a significant share of the France hydrogen truck market in 2023 and is expected to grow at a rapid pace over the forecast period.          

Based on the type, the France hydrogen truck market is categorized into heavy trucks and small & medium trucks.  Among these, the small & medium segment accounted for a significant share of the France hydrogen truck market in 2023 and is expected to grow at a rapid pace over the forecast period. This is due to the growing need for efficient and sustainable means of transportation in towns and suburbs. Moreover, shipping and last-mile delivery are both industries that depend significantly on small-duty trucks and are expanding quickly because of the growth of e-commerce and customer need.

• The below 400 Km segment accounted for the largest share of the France hydrogen truck market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the range, the France hydrogen truck market is categorized into above 400 Km and below 400 Km. Among these, the below 400 Km segment accounted for the largest share of the France hydrogen truck market in 2023 and is projected to grow at a substantial CAGR during the forecast period. This is due to refuelling efficiency and range being ideal by hydrogen trucks with a below 400 range. Further, these are more appealing to fleet operators who want to reduce downtime because they can be refueled faster than battery-electric alternatives. Moreover, regional freight routes and logistics operations require these vehicles to travel long distances without stopping, which is best suited for their expansion of businesses.

• The up to 200 kW segment accounted for a significant share of the France hydrogen truck market in 2023 and is projected to grow at a rapid pace during the forecast period.

Based on the motor capacity, the France hydrogen truck market is segmented into up to 200 kW, 200-400 kW, and above 400 kW.  Among these, the up to 200 kW segment accounted for a significant share of the France hydrogen truck market in 2023 and is projected to grow at a rapid pace during the forecast period. This segment growth is attributed to the market expansion because of its affordability; small and medium-sized businesses can switch to more sustainable energy without having to pay excessive costs. Moreover, compared to their higher-power counterparts, hydrogen trucks with a capacity of up to 200 kW are typically less expensive to manufacture and run. The growth of urban delivery networks and e-commerce has led to a significant increase in the desire for light- and medium-duty trucks, and these served by the up to 200 kW, comply with zero-emission regulations while offering dependable and effective performance inside city limits.

• The logistics segment accounted for the largest share of the France hydrogen truck market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the end-user, the France hydrogen truck market is segmented into logistics and transport, municipal, construction, and others.  Among these, the logistics segment accounted for the largest share of the France hydrogen truck market in 2023 and is projected to grow at a substantial CAGR during the forecast period. This segment growth is attributed to the market expansion because the advantages that hydrogen trucks provide over conventional diesel vehicles and other zero-emission substitutes make them meet their requirements. Logistics operations, including last-mile distribution, regional deliveries, and freight transportation, require vehicles that can handle a variety of payloads while maintaining dependability and operational efficiency.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France hydrogen truck market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Hyliko
• Hyundai Motor Group
• Iveco
• Renault Trucks
• MAN Truck & Bus
• Lhyfe
• Volvo Trucks
• Other

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Key Market Developments

• In July 2024, Hyliko unveiled France's first hydrogen truck center, marking a significant milestone in zero-emissions haulage. This center, located in Villabé just south of Paris, included a green hydrogen refueling station and a maintenance facility dedicated to hydrogen-powered heavy goods vehicles (HGVs). The refueling station offered fast refueling with a compression capacity of 350 bars, which was eventually increased to 700 bars. The first hydrogen trucks retrofitted by Hyliko were already in operation, contributing to the decarbonization of road transport in France.

• In September 2023, Toyota and VDL Groep launched their first hydrogen fuel cell demonstration truck, which was used for European logistics operations. The project involved road testing and evaluation of the trucks, with routes passing through Belgium, France, Germany, and the Netherlands. This initiative was part of a broader effort to decarbonize logistics operations and contribute to the development of a sustainable hydrogen infrastructure across Europe, including France.

Market Segment

• This study forecasts revenue at France, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the France hydrogen truck market based on the below-mentioned segments:

France Hydrogen Truck Market, By Type

• Heavy Duty Trucks
• Small & Medium Duty Trucks

France Hydrogen Truck Market, By Range

• Above 400 Km
• Below 400 Km

France Hydrogen Truck Market, By Motor Capacity

• Upto 200 kW
• 200-400 kW
• Above 400 kW

France Hydrogen Truck Market, End-User

• Logistics and Transport
• Municipal
• Construction
• Others