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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 4.69 billion by 2029 | 15.9% | North America |
| By Type | By Application | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Hydrogen Fuel Cells Forklift Market Overview
The Hydrogen Fuel Cell Forklift Market is expected to grow at 19.52% CAGR from 2022 to 2029. It is expected to reach above USD 4.69 billion by 2029 from USD 1.24 billion in 2020.
The structure of hydrogen fuel cell system on a forklift consists of the fuel cell stack, the 350-bar hydrogen tank, a small lithium-ion battery to temporarily store surplus energy, and a fan. This all contained in cast frame the size of a classic lead-acid battery and can be installed relatively easily in a conventional electric forklift. A forklift is an industrial truck used to lift and transport material in the companies or factories. Forklifts are indispensable piece of equipment in manufacturing and warehousing.
| ATTRIBUTE | DETAILS |
| Study period | 2022-2029 |
| Base year | 2022 |
| Estimated year | 2022 |
| Forecasted year | 2023-2029 |
| Historical period | 2018-2022 |
| Unit | Value (USD Billion), (THOUSAND UNITS) |
| Segmentation | By Type, By Applications, By Region |
| By Type |
|
| By Application |
|
| By Region |
|
Hydrogen fuel cells are zero emission hydrogen fuel cells systems. These could power the forklift used in warehouse and other industrial setting at lower costs and with lower costs which also take less time to refuel than ever before. Design of hydrogen fuel cells forklift is built in such a way that they refuel five time faster than it takes to charge a battery-powered forklift, giving hydrogen a competitive advantage over batteries for a slice of the clean forklift.
Similar to batteries, PEM fuel cells use cathode, anode and electrolyte to transport electrons along an electrical path to power a forklift. However, unlike lead-acid batteries, this process works using only hydrogen and oxygen, which are naturally present in the atmosphere.
Hydrogen Fuel Cells Forklift Market Segment Analysis
The hydrogen fuel cells forklift market is segmented based on type, applications, and Region, Global trends and forecast.
By type, the market is bifurcated into by type (PEMFC forklift, DMFC forklift), by application (warehouse logistics, dock handling) and region, global trends and forecast.
In terms of type, there are two types one is PEMFC forklift, in this PEFC hydrogen fuel cells forklift is an electric forklift that uses fuel cells to convert hydrogen into electricity. This allows forklifts to run on clean, renewable energy instead of gasoline or diesel. It is also more environmentally friendly than traditional forklifts. Ideal for applications that require heavy lifting such as warehouse logistics or port handling. Second type is DMFC forklift, it is a fuel cell forklift that uses hydrogen as its energy source. It uses direct methanol fuel cells to generate electrical and mechanical energy. These forklifts are typically used in warehouse and other commercial environments where large loads can be moved quickly and efficiently. DMFC forklifts can also be used in applications like transport and dock handling.
Based on the application it is divided into warehousing logistics and port/dock handling Warehouse logistics is expected to be the largest application segment during the forecast period. Demand for fuel cell forklifts is expected to grow significantly due to the increasing adoption of hydrogen from renewable energy sources such as solar and wind. Derived from renewable sources, hydrogen is superior to traditional fossil-based fuels in that it does not produce harmful emissions when burned, making it ideal for various industries such as automotive, construction, aerospace and defense.
Hydrogen Fuel Cells Forklift Market Players
Key companies in the global market include Toyota, hyster-Yale materials handling, linde material handling, still Gmbh, plug power, oorja protonics, hyrogenics, H2 logic, beijingsinohytec
Recent Developments:
31-Jan-2023: – Plug Power and Johnson Matthey announce long term strategic partnership to accelerate the hydrogen economy.
25-Jan-2023: – Linde materials will be presenting its extensive range of industrial trucks and software as well as consulting and other services.
Who Should Buy? Or Key stakeholders
- Forklift suppliers
- Transport industry
- factories
- port industry
- Investors
- Hydrogen fuel cells technology
- Others
Hydrogen Fuel Cells Forklift Market Regional Analysis
The hydrogen fuel cells forklift market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
During the projected period, north America is the largest market in 2021 accounted for more revenue generation of worldwide sales. It is due to advancement in technology and advancement in manufacturing is the reason behind this.
The US and Canada are the dominating countries in the north America to hold the largest market share of hydrogen fuel cell forklift. This is due to owing to rising demands for material handling and logistics manufacturing facilities, and the increasing export activities.
Asia Pacific is expected to be the fastest growing market, due to increasing population and rapid urbanization. China and India are the largest holders of the hydrogen fuel cells forklift market across the Asia pacific. Increasing demand for hydrogen fuel cell forklift in countries such as japan, south Korea and Taiwan is expected to witnessed expansion in the fuel cell forklift market.
Key Market Segments: Hydrogen Fuel Cells Forklift Market
Hydrogen Fuel Cells Forklift Market By Type, 2020-2029, (Usd Billion), (Thousand Units)
- Hpemfc Forklift
- Dmfc Forklift
Hydrogen Fuel Cells Forklift Market By Apllications, 2020-2029, (Usd Billion), (Thousand Units)
- Warehouse Logistics
- Dock Handling
Hydrogen Fuel Cells Forklift Market By Region, 2020-2029, (Usd Billion), (Thousand Units)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
  Important Countries In All Regions Are Covered.
Key Question Answered
- What is the current size of the Hydrogen fuel cells forklift market?
- What are the key factors influencing the growth of hydrogen fuel cells forklift?
- What are the major applications for hydrogen fuel cells forklift?
- Who are the major key players in the Hydrogen fuel cells forklift market?
- Which region will provide more business opportunities Hydrogen fuel cells forklift in future?
- Which segment holds the maximum share of the Hydrogen fuel cells forklift market?
Table of Content
- INTRODUCTION
-
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL HYDROGEN FUEL CELLS FORKLIFT OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON HYDROGEN FUEL CELL FORKLIFT MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL HYDROGEN FUEL CELLS FORKLIFT OUTLOOK
- GLOBAL HYDROGEN FUEL CELLS FORKLIFT MARKET BY POWER TRAIN (USD BILLION) (UNITS) 2020-2029
- HPEMFC FORKLIFT
- DMFC FORKLIFT
- GLOBAL HYDROGEN FUEL CELLS FORKLIFT MARKET BY MATERIAL (USD BILLION) (UNITS) 2020-2029
- WAREHOUSE LOGISTICS
- DOCK HANDLING
- GLOBAL HYDROGEN FUEL CELLS FORKLIFT MARKET BY REGION (USD BILLION) (UNITS) 2020-2029
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- TOYOTA
- HYSTER-YALE MATERIALS HANDLING
- LINDE MATERIAL HANDLING
- STILL GMBH
- PLUG POWER
- OORJA PROTONICS
- HYROGENICS
- H2 LOGIC
- BEIJING SINOHYTEC *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 2 GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 3 GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 4 GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 5 GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET BY REGION (USD BILLION) 2020-2029
TABLE 6 GLOBAL HYDROGEN FUEL CELL FORKLIFT MARKET BY REGION (THOUSAND UNITS) 2020-2029
TABLE 7 NORTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 8 NORTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 9 NORTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 10 NORTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 11 NORTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 12 NORTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 13 US HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 14 US HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 15 US HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 16 US HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 17 CANADA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 18 CANADA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 19 CANADA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 20 CANADA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 21 MEXICO HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 22 MEXICO HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 23 MEXICO HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 24 MEXICO HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 25 SOUTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 26 SOUTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 27 SOUTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 28 SOUTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 29 SOUTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 30 SOUTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 31 BRAZIL HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 32 BRAZIL HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 33 BRAZIL HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 34 BRAZIL HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 35 ARGENTINA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 36 ARGENTINA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 37 ARGENTINA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 38 ARGENTINA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 39 COLOMBIA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 40 COLOMBIA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 41 COLOMBIA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 42 COLOMBIA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 43 REST OF SOUTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 44 REST OF SOUTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 45 REST OF SOUTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 46 REST OF SOUTH AMERICA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 47 ASIA-PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 48 ASIA-PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 49 ASIA-PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 50 ASIA-PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 51 ASIA-PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 52 ASIA-PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 53 INDIA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 54 INDIA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 55 INDIA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 56 INDIA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 57 CHINA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 58 CHINA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 59 CHINA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 60 CHINA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 61 JAPAN HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 62 JAPAN HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 63 JAPAN HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 64 JAPAN HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 65 SOUTH KOREA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 66 SOUTH KOREA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 67 SOUTH KOREA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 68 SOUTH KOREA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 69 AUSTRALIA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 70 AUSTRALIA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 71 AUSTRALIA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 72 AUSTRALIA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 73 SOUTH-EAST ASIA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 74 SOUTH-EAST ASIA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 75 SOUTH-EAST ASIA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 76 SOUTH-EAST ASIA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 77 REST OF ASIA PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 78 REST OF ASIA PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 79 REST OF ASIA PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 80 REST OF ASIA PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 81 EUROPE HYDROGEN FUEL CELL FORKLIFT MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 82 EUROPE HYDROGEN FUEL CELL FORKLIFT MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 83 ASIA-PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 84 ASIA-PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 85 ASIA-PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 86 ASIA-PACIFIC HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 87 GERMANY HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 88 GERMANY HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 89 GERMANY HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 90 GERMANY HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 91 UK HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 92 UK HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 93 UK HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 94 UK HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 95 FRANCE HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 96 FRANCE HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 97 FRANCE HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 98 FRANCE HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 99 ITALY HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 100 ITALY HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 101 ITALY HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 102 ITALY HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 103 SPAIN HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 104 SPAIN HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 105 SPAIN HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 106 SPAIN HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 107 RUSSIA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 108 RUSSIA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 109 RUSSIA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 110 RUSSIA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 111 REST OF EUROPE HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 112 REST OF EUROPE HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 113 REST OF EUROPE HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 114 REST OF EUROPE HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 115 MIDDLE EAST AND AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 116 MIDDLE EAST AND AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 117 MIDDLE EAST AND AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 118 MIDDLE EAST AND AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 119 MIDDLE EAST AND AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 120 MIDDLE EAST AND AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 121 UAE HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 122 UAE HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 123 UAE HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 124 UAE HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 125 SAUDI ARABIA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 126 SAUDI ARABIA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 127 SAUDI ARABIA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 128 SAUDI ARABIA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 129 SOUTH AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 130 SOUTH AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 131 SOUTH AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 132 SOUTH AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 133 REST OF MIDDLE EAST AND AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 134 REST OF MIDDLE EAST AND AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 135 REST OF MIDDLE EAST AND AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 136 REST OF MIDDLE EAST AND AFRICA HYDROGEN FUEL CELL FORKLIFT MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL HYDROGEN FUEL CELLS FORKLIFT BY TYPE, USD BILLION, 2020-2029
FIGURE 9 GLOBAL HYDROGEN FUEL CELLS FORKLIFT BY APPLICATION, USD BILLION, 2020-2029
FIGURE 11 GLOBAL HYDROGEN FUEL CELLS FORKLIFT BY REGION, USD BILLION, 2020-2029
FIGURE 12 GLOBAL HYDROGEN FUEL CELLS FORKLIFT BY TYPE, USD BILLION, 2021
FIGURE 14 GLOBAL HYDROGEN FUEL CELL FORKLIFT BY APPLICATION, USD BILLION, 2021
FIGURE 15 GLOBAL HYDROGEN FUEL CELL FORKLIFT BY REGION, USD BILLION, 2021
FIGURE 16 PORTER’S FIVE FORCES MODEL
FIGURE 17 MARKET SHARE ANALYSIS
FIGURE 18 TOYOTA: COMPANY SNAPSHOT
FIGURE 19 HYSTER-YALE MATERIALS HANDLING: COMPANY SNAPSHOT
FIGURE 20 LINDE MATERIAL HANDLING: COMPANY SNAPSHOT
FIGURE 21 STILL GMBH: COMPANY SNAPSHOT
FIGURE 22 PLUG POWER: COMPANY SNAPSHOT
FIGURE 23 OORJA PROTONICS: COMPANY SNAPSHOT
FIGURE 24Â Â HYROGENICS: COMPANY SNAPSHOT
FIGURE 25Â Â H2 LOGIC: COMPANY SNAPSHOT
FIGURE 26 BEIJING SINOHYTEC: COMPANY SNAPSHOT
FAQ
The hydrogen fuel cell forklift market is expected to grow at 19.52% CAGR from 2022 to 2029. It is expected to reach above USD 4.69 billion by 2029 from USD 1.24 billion in 2020.
North America held more than 73% of the Hydrogen fuel cells forklift market revenue share in 2021 and will witness expansion in the forecast period.
One main reason of increasing use of hydrogen fuel cells in forklift are the advantages of hydrogen fuel cells over the other types of forklift. Forklift with traditional electric batteries. The voltage decreases as it discharges, this slows down the forklift over time, leading to lower productivity. On the other hand, fuel cell forklift can achieve more stable productivity. Hydrogen fuel cell forklift emit no pollutants, making them suitable for applications with limited space such as warehouses and food and beverage applications.
The HPEMFC forklift is the leading type of hydrogen fuel cells forklift type due to its extensive use in the industries and factories to transfer the load.
North America is the largest market in 2021 accounted for more revenue generation of worldwide sales. It is due to advancement in technology and advancement in manufacturing is the reason behind this. The US and Canada are the dominating countries in the north America to hold the largest market share of hydrogen fuel cell forklift. This is due to owing to rising demands for material handling and logistics manufacturing facilities, and the increasing export activities.
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