Market Overview:
The global automotive fuel cell parts market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles that run on fuel cells. Additionally, the rising awareness about environment-friendly technologies is also propelling the growth of this market. The global automotive fuel cell parts market can be segmented on the basis of type, application and region. On the basis of type, the market can be divided into membrane electrode assemblies (MEAs), fuel cell stack installation parts and others. MEAs are expected to account for a major share in terms of revenue in this market owing to their high adoption rate in passenger cars and commercial vehicles. By application,the automotive fuel cell partsmarket can be classified into passenger cars and commercial vehicles segments.
Product Definition:
An automotive fuel cell part is a component of a fuel cell system that helps convert the chemical energy in fuels into electrical energy. They are important because they help power electric vehicles and help reduce emissions from transportation.
Membrane Electrode Assemblies:
Membrane electrode assemblies are used in fuel cell parts that are exposed to the atmosphere. Membrane electrode assemblies consist of a membrane, an electrolyte and separator. The assembly is placed between two electrodes which may be made of stainless steel or another conductive material such as copper, aluminum or carbon fiber.
The growth factor for this market is mainly attributed to rising research & development activities coupled with increasing government funding in the field of fuel cells.
Fuel Cell Stack Installation Parts:
The fuel cell stack installation parts and it's usage in the automotive fuel cell parts market includes a range of products that are used for manufacturing hydrogen-powered vehicles. Fuel cells use an electrolyte as a catalyst to convert the chemical energy derived from fuels into electricity and water. The produced power is then utilized to drive electric motors, which power the vehicle’s accessories like air conditioners, lights, etc.
Application Insights:
Passenger cars application segment accounted for the largest market share in 2017 and is anticipated to maintain its dominance over the forecast period. The growing need for electric vehicles as a result of increasing concerns regarding environment pollution is expected to propel demand over the forecast period.
Commercial vehicles are projected to witness significant growth in fuel cell parts demand owing to their ability to reduce greenhouse gas emissions, improve driving experience and provide long-range travel capability with less refueling stops. Growing emphasis on reducing fuel costs coupled with rising government initiatives promoting commercial vehicle adoption is expected drive industry growth over the coming years.
The Asia Pacific region has been characterized by rapid industrialization, technological advancements.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing government funding and research activities, coupled with growing investments by key players in this region. For instance, General Motors invested USD X million in fuel cell company A123 Systems Inc., which developed a proton exchange membrane (PEM) fuel cell system for hybrid electric vehicles.
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing to rising demand from countries such as Japan and South Korea, where stringent government regulations mandate application of these cells across various industries. In addition, favorable policies aimed at promoting adoption of FCVs are also likely to contribute toward regional growth during the same period.
Growth Factors:
- Increasing demand for fuel cell vehicles: The global market for fuel cell vehicles is expected to grow at a CAGR of more than 28% from 2016 to 2020. This is due to the increasing demand for environment-friendly and low-emission vehicles.
- Government initiatives and subsidies: Governments across the globe are providing incentives and subsidies for the development of fuel cell technology, which is aiding in the growth of the automotive fuel cell parts market. For instance, in March 2016, Germany announced a subsidy program worth €100 million (US3 million) over three years to promote the adoption of fuel cells in passenger cars.
- Rising awareness about benefits of hydrogen-powered cars: There has been a rise in awareness about the benefits offered by hydrogen-powered cars among consumers in recent years, which is driving demand for automotive fuel cells parts globally. Some of these benefits include lower emissions as compared with traditional gasoline or diesel engines, longer driving range as compared with electric vehicles, and faster refueling time as compared with battery electric vehicles (BEVs).
- Development of advanced technologies: Key players operating in this market are investing heavily in R&D activities to develop advanced technologies that can improve performance and reduce costs associated with automotive fuel cells parts manufacturing processologies significantly over time period .This will help them gain a competitive edge over their rivals .For instance ,In February 2017 ,Toyota Motor Corporation announced plans to invest US million over five years
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Fuel Cell Parts Market Research Report
By Type
Membrane Electrode Assemblies, Fuel Cell Stack Installation Parts, Others
By Application
Passenger Cars, Commercial Vehicles
By Companies
Dai Nippon Printing (Japan), Donaldson Company (USA), Freudenberg (USA), Japan Vilene (Japan), JFE Chemical (Japan), NICHIAS (Japan), Nisshin Seiko (Japan), NOK (Japan), Sumitomo (Japan), Toray Industries (Japan), Dai Nippon Printing (Japan)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Fuel Cell Parts Market Report Segments:
The global Automotive Fuel Cell Parts market is segmented on the basis of:
Types
Membrane Electrode Assemblies, Fuel Cell Stack Installation Parts, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dai Nippon Printing (Japan)
- Donaldson Company (USA)
- Freudenberg (USA)
- Japan Vilene (Japan)
- JFE Chemical (Japan)
- NICHIAS (Japan)
- Nisshin Seiko (Japan)
- NOK (Japan)
- Sumitomo (Japan)
- Toray Industries (Japan)
- Dai Nippon Printing (Japan)
Highlights of The Automotive Fuel Cell Parts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Membrane Electrode Assemblies
- Fuel Cell Stack Installation Parts
- Others
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Fuel Cell Parts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive fuel cells are a type of electrochemical cell that converts hydrogen and oxygen into electricity and water vapor, respectively. They are used in vehicles to generate power for propulsion or to store energy.
Some of the major players in the automotive fuel cell parts market are Dai Nippon Printing (Japan), Donaldson Company (USA), Freudenberg (USA), Japan Vilene (Japan), JFE Chemical (Japan), NICHIAS (Japan), Nisshin Seiko (Japan), NOK (Japan), Sumitomo (Japan), Toray Industries (Japan), Dai Nippon Printing (Japan).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Fuel Cell Parts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Fuel Cell Parts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Fuel Cell Parts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Fuel Cell Parts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Fuel Cell Parts Market Size & Forecast, 2018-2028
4.5.1 Automotive Fuel Cell Parts Market Size and Y-o-Y Growth
4.5.2 Automotive Fuel Cell Parts Market Absolute $ Opportunity
Chapter 5 Global Automotive Fuel Cell Parts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Fuel Cell Parts Market Size Forecast by Type
5.2.1 Membrane Electrode Assemblies
5.2.2 Fuel Cell Stack Installation Parts
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Fuel Cell Parts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Fuel Cell Parts Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Fuel Cell Parts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Fuel Cell Parts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Fuel Cell Parts Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Fuel Cell Parts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Fuel Cell Parts Market Size Forecast by Type
9.6.1 Membrane Electrode Assemblies
9.6.2 Fuel Cell Stack Installation Parts
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Fuel Cell Parts Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Fuel Cell Parts Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Fuel Cell Parts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Fuel Cell Parts Market Size Forecast by Type
10.6.1 Membrane Electrode Assemblies
10.6.2 Fuel Cell Stack Installation Parts
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Fuel Cell Parts Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Fuel Cell Parts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Fuel Cell Parts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Fuel Cell Parts Market Size Forecast by Type
11.6.1 Membrane Electrode Assemblies
11.6.2 Fuel Cell Stack Installation Parts
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Fuel Cell Parts Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Fuel Cell Parts Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Fuel Cell Parts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Fuel Cell Parts Market Size Forecast by Type
12.6.1 Membrane Electrode Assemblies
12.6.2 Fuel Cell Stack Installation Parts
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Fuel Cell Parts Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Fuel Cell Parts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Fuel Cell Parts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Fuel Cell Parts Market Size Forecast by Type
13.6.1 Membrane Electrode Assemblies
13.6.2 Fuel Cell Stack Installation Parts
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Fuel Cell Parts Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Fuel Cell Parts Market: Competitive Dashboard
14.2 Global Automotive Fuel Cell Parts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dai Nippon Printing (Japan)
14.3.2 Donaldson Company (USA)
14.3.3 Freudenberg (USA)
14.3.4 Japan Vilene (Japan)
14.3.5 JFE Chemical (Japan)
14.3.6 NICHIAS (Japan)
14.3.7 Nisshin Seiko (Japan)
14.3.8 NOK (Japan)
14.3.9 Sumitomo (Japan)
14.3.10 Toray Industries (Japan)
14.3.11 Dai Nippon Printing (Japan)
