Hydrogen Truck Market Size to Reach USD 44.92 Billion by 2034 | CAGR 26.8%
The global hydrogen truck market was valued at USD 5.29 billion in 2025 and is expected to reach USD 44.92 billion by 2034, growing at a CAGR of 26.8% from 2026 to 2034. Hydrogen trucks are being tested across freight, logistics, construction, and other commercial applications. Work on fuel cell systems and hydrogen supply is also helping manufacturers move more vehicles into field trials.
Hydrogen Trucks Move Into Real-World Testing
Several automotive manufacturers are now testing hydrogen trucks with customers instead of limiting development to controlled trials. This is giving companies more information about vehicle performance under normal operating conditions.
In September 2026, Toyota and Scania announced plans to test Toyota's third-generation fuel cell systems in 40 Scania heavy-duty vehicles. The trucks will operate through Scania's Pilot Partner program and will be used in real-world logistics.
Daimler Truck is also preparing vehicles for customer use. The company plans to produce a small series of 100 Mercedes-Benz NextGenH2 Trucks from the end of 2026. The trucks are being developed for long-distance freight operations.
Development of Fuel Cells Remains a Focus
Fuel cells are being modified for use in heavy-duty trucks according to their specifications. Manufacturers need systems that will be able to provide large amounts of power during long operations. Toyota is continuing development in this field by collaborating with truck manufacturers. In September 2026, Toyota announced new developments in collaboration with Scania and IVECO.
Hydrogen combustion engines are also being developed for trucks. With H2-ICE technology, it becomes possible to use hydrogen as a fuel for internal combustion engines. This offers an alternative to fuel cell technology.
Expansion of Refueling Infrastructure Accompanies Development of Vehicles
Fuel supply remains important for companies working on hydrogen trucks. Germany is developing its policy related to hydrogen trucks and infrastructure. In January 2026, the German government allocated €220 million to the development of hydrogen refueling infrastructure and hydrogen trucks.
European companies are also working on connected hydrogen transport networks. In September 2026, Daimler Truck, Volvo Group, Toyota, Bosch, Air Liquide, TotalEnergies, TEAL Mobility, and MB Energy announced plans covering hydrogen vehicles, fuel supply, and refueling stations. The work includes infrastructure along major European freight routes.
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Heavy-Duty Freight Creates a Key Use Case
Heavy-duty trucks account for a major share of hydrogen truck activity. These vehicles are used for freight movement and other operations that place high demands on the powertrain. Hydrogen can provide an alternative to conventional diesel for some of these applications.
Another application area that attracts the interest of truck makers is long-haul freight. Hydrogen-powered trucks are also being tested in logistics, construction, and municipal services. A variety of applications offer manufacturers opportunities to test the technology in different conditions.
Asia Pacific and Europe Stay Dynamic Markets
The Asia Pacific region represented 42.18% of the hydrogen truck market share in 2025. China, Japan, South Korea, and India implement hydrogen projects in the commercial transportation segment. Besides, the Asia Pacific region features a highly developed truck production segment, particularly in China.
Europe represented 20.91% of the market in 2025. In Germany, France, the UK, Italy, Spain, and the Netherlands, the focus is on hydrogen truck projects and hydrogen generation. Moreover, cross-border freight stimulates the development of refueling stations that can serve multiple countries.
Competition Centers on Market Development
Competition in the hydrogen truck market includes truck manufacturers, fuel cell companies, and businesses involved in hydrogen production and refueling. Daimler Truck is developing the NextGenH2 Truck. Hyundai is working with its XCIENT Fuel Cell platform. PACCAR is testing the Kenworth T680 FCEV in North America.
Scania, Volvo Group, Toyota, and TRATON are also involved in hydrogen powertrain development. Yutong, Foton, and Dongfeng are developing hydrogen commercial vehicles in China. Hyroad Energy is working across hydrogen trucking and fueling services. The competitive landscape therefore includes both vehicle-focused companies and businesses working across the wider hydrogen supply chain.
Market Outlook
More hydrogen trucks are expected to enter customer trials as manufacturers expand their vehicle programs. The technology is also being considered across more truck categories and operating conditions. Further progress in vehicle costs, fuel supply, and infrastructure will influence how quickly fleets adopt hydrogen trucks. The hydrogen truck market is likely to remain closely tied to developments in heavy-duty transport and hydrogen production.
Market Segmentation
The hydrogen truck market is segmented by vehicle type, fuel cell technology, range, motor power, application, and region.
By Vehicle Type: Heavy-Duty Trucks | Medium-Duty Trucks | Small-Duty Trucks
By Fuel Cell Technology: PEMFC | SOFC
By Range: Up to 300 miles | 300-500 miles | Above 500 miles
By Motor Power: Up to 200 kW | 200-400 kW | Above 400 kW
By Application: Logistics & Transport | Municipal | Construction | Others
By Region: North America (U.S., Canada) | Europe (Germany, UK, France, Italy, Spain, Netherlands, Russia, Rest of Europe) | Asia Pacific (China, Japan, India, South Korea, Malaysia, Indonesia, Australia, Rest of Asia Pacific) | Latin America (Brazil, Mexico, Argentina, Rest of Latin America) | Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa, Rest of Middle East & Africa)
