The Global Hydrogen Powered Tractor Market size was valued at USD 1.45 Billion in 2022 and is projected to be USD 3.86 Billion by 2030, growing at a CAGR of 12.8 % from 2023 to 2030, as per a recent report published by Cognitive Market Research. Increasing need to reduce greenhouse gas emissions, the rising modernization of agricultural activities, and the high applicability of hydrogen fuel are expected to boost the growth of the global hydrogen-powered tractors market. For instance, US-based alternative fuel technology and electric vehicle company Cenntro Electric Group Limited has launched its first hydrogen-powered class 8 semi-tractor, the LMH864 is expected to drive the market.
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Key Insights from Hydrogen Powered Tractor Market Report
As per Cognitive Market Research's latest published report, the Global Hydrogen Powered Tractor market size was $1.45 billion in 2022 and it is forecasted to reach $3.86 billion by 2030. Hydrogen Powered Tractor Industry's Compound Annual Growth Rate will be 12.8% from 2023 to 2030.
Hydrogen Powered Tractor Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Hydrogen Powered Tractor Market Report Description
Tractors usually have two small wheels at the front and two larger wheels at the rear. Tractors are used in agricultural, construction and logistics applications to move attached implements such as rotavators, plowing, cultivation, sowing, tilling, and harvesting. Tractor is a zero-emission tractor that uses hydrogen as fuel to power its on-board electric motors. Unlike gasoline and diesel vehicles, the vehicle does not emit any environmentally harmful greenhouse gases such as nitrogen oxides and carbonized peroxides. Tractor equipment helps increase agricultural productivity with less time consuming. Additionally, tractors require lower inputs, reducing the need for manpower on the farm. This not only saves operating time, but also helps save labour costs. Moreover, advanced machine technologies are contributing to the growth of the tractor market, which in turn is expected to drive the growth of the hydrogen powered tractors market.
- Hydrogen Powered Tractor Market Drivers:
Increasing modernization of agricultural activities, reduction in greenhouse gas emissions and high applicability of hydrogen as a fuel are factors expected to drive the growth of the global hydrogen powered tractors market in the coming year. In addition, technological developments, government support for the development of agricultural activities, and future potential of the hydrogen vehicle are expected to drive the growth of the global market. In addition, government initiatives in various countries such as the United States, China, and Japan to increase the use of hydrogen-powered tractors and growing concerns over fossil fuel-based energy sources are expected to further drive the growth of the target market. Hydrogen-powered tractors offer various advantages such as low gas emissions, easy maintenance, silent operation to reduce noise pollution, low temperature, and low heat transfer, which are expected to drive the growth of the global market. Moreover, rising demand for hydrogen-powered tractors in various end-use industries such as mining, agriculture, industrial, and rising awareness to reduce carbon footprint are other factors anticipated to drive the growth of the global market.
Increasing adoption of hydrogen fuel in various industries such as automotive, chemical, and increasing government initiatives to clean energy are creating potential revenue opportunities for players in the hydrogen powered tractor market. Moreover, increasing preference for distillate fuels is another factor expected to drive the growth of this market soon. Increasing government spending on the automotive industry and technological advancements, such as the development of cost-effective hydrogen powered tractors, are expected to bring new opportunities to players operating in the global market.
- Hydrogen Powered Tractor Market: Restraints
However, the high cost of hydrogen powered tractor is a major factor restraining the growth of the global hydrogen powered tractor market. in addition, no proper distribution channel, low durability, and less awareness among people regarding efficient agriculture tractors are other factors expected to challenge growth of the global hydrogen powered tractor market over the next few years.
- COVID-19 Impact:
The Covid-19 pandemic has negatively impacted the agriculture and automotive sector and is expected to do so in the coming years. The Covid-19 pandemic has forced governments around the world to impose strict lockdown regulations and restrict the import and export of non-essential raw materials in 2020. This led to a sudden drop in the supply of raw materials for vehicle components. The extended lockdown not only affected the agriculture and automotive industry, but the economic crisis has led to reduced spending on cutting-edge technologies such as hydrogen powered tractors. Governments in several countries have cut spending on other sectors and directed the funds toward pandemic mitigation.
| Base Year | 2022 |
| Historical Data Time Period | 2018-2022 |
| Forecast Period | 2023-2030 |
| Report Edition | 7th Edition (2023) |
| Last Update | Last Updated In April 2023 |
| Next Report Edition | June 2023 (Pre-Booking Available) |
| Market Forecast/Projection Time Period | 2023-2030 |
| Report Format | PDF | PPT | Excel | Word | Bi |
| Report ID | CMR308194 |
Hydrogen Powered Tractor Market Report 2023 (Global Edition) Table of Content differs according to the user License selection. Current Displayed TOC is for the Single User License Report Edition. TOC Customization options: Add or Remove section/s Or chapter/s from the report. Specific section/s of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
- 1.1 Global Hydrogen Powered Tractor Industry Introduction
- 1.2 Objectives of the Study
- 1.3 USP of the Report
- 1.4 Who is this report for?
- 1.5 Designing of Market Scope
- 1.5.1 Hydrogen Powered Tractor Market Segmentation
- 1.5.1 Hydrogen Powered Tractor Market Regional Fragmentation
- 1.5.1 Hydrogen Powered Tractor Market Players
- 1.6 Report Duration
- 1.7 List of Stakeholders
- 2.1 Hydrogen Powered Tractor Market Report 2023 Research Methodology
- 2.2 Systematic Research Approach
- 2.2.1 Primary Research
- 2.2.1.1 Key Data from Primary
- 2.2.1.2 Primary Interviews with Experts
- 2.2.1.3 Key Industry Insights
- 2.2.1.4 Questionnaire
At Cognitive Market Research, we have designed questionnaire focused on Hydrogen Powered Tractor Market for the statistical study. This questionnaire is the key part of our research methodology which is shared with number of Hydrogen Powered Tractor industry experts of entire value chain, located across the globe. This study help us to gather accurate quantitative and qualitative data for the final report.
- 2.2.1.5 Breakdown of Primaries
- 2.2.2 Secondary Research
- 2.2.2.1 Key Data from Secondary
- 2.2.2.2 Paid Sources
- 2.2.2.3 Public Sources
- 2.2.1 Primary Research
- 2.3 Market Size Estimation
- 2.3.1 Top-Down Approach
- 2.3.1.1 Analyzing Market Size by Top-Down Approach (Supply Side)
- 2.3.1 Bottom-UP Approach
- 2.3.1.1 Analyzing Market Size by Bottom-Up Approach (Demand Side)
- 2.3.1 Top-Down Approach
- 2.4 Market Breakdown and Data Triangulation
- 2.5 Research Assumptions
- 3.1 Global Hydrogen Powered Tractor Market Size 2018 – 2030, (USD Million)
- 3.2 Global Hydrogen Powered Tractor Value, Absolute & Opportunity Analysis
- 3.3 Global Hydrogen Powered Tractor Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
- 3.4 Global Hydrogen Powered Tractor Market Statistics 2022: Snapshot
- 4.1 Hydrogen Powered Tractor Introduction
- 4.2 Global Hydrogen Powered Tractor Market Statistics by Regions (2018-2030)
- 4.2.1 North America Hydrogen Powered Tractor Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.2 Europe Hydrogen Powered Tractor Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.3 Asia Pacific Hydrogen Powered Tractor Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.4 Latin America Hydrogen Powered Tractor Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.5 Middle East and Africa Hydrogen Powered Tractor Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.3 Global Hydrogen Powered Tractor Market Size (2018-2030)
- 4.3.1 Global Hydrogen Powered Tractor Revenue Status and Outlook (2018-2030)
- 4.4 Global Hydrogen Powered Tractor Market Price Analysis by Regions (2018-2030)
- 5.1 Global Hydrogen Powered Tractor Market Revenue and Share by Manufacturers (2018-2022)
- 5.2 Global Hydrogen Powered Tractor Industry Mergers and Acquisition Analysis
- 5.3 Global Hydrogen Powered Tractor New Launches Analysis
- 5.4 Company Categorization
- 5.5 Global Hydrogen Powered Tractor Top Winning Strategies, by Manufacturers (2018-2022)
- 7.1 Hydrogen Powered Tractor Industrial Dynamics
- 7.1.1 Global Hydrogen Powered Tractor Market Drivers
- 7.1.2 Global Hydrogen Powered Tractor Market Restrains
- 7.1.3 Global Hydrogen Powered Tractor Market Opportunities
- 7.1.4 Global Hydrogen Powered Tractor Market Trends
- 7.1.5 Global Hydrogen Powered Tractor Technology (Road Map)
- 7.2 Hydrogen Powered Tractor Market Attractiveness Analysis
- 7.1.1 Market Attractiveness Analysis by Type Segment
- 7.1.2 Market Attractiveness Analysis by Application Segment
- 7.3 PESTEL Analysis for Hydrogen Powered Tractor Market
- 7.3.1 Political Factors
- 7.3.2 Economic Factors
- 7.3.3 Social Factors
- 7.3.4 Technological Factors
- 7.3.5 Legal Factors
- 7.3.6 Environmental Factors
- 7.4 Porter’s Five Forces Analysis for Hydrogen Powered Tractor Market
- 7.4.1 Bargaining Power of Suppliers
- 7.4.2 Bargaining Power of Buyers
- 7.4.3 Threat of Substitutes
- 7.4.4 Threat of New Entrants
- 7.4.5 Degree of Competition
- 7.5 of Hydrogen Powered Tractor Market Product Life Cycle
- 7.6 COVID-19 Impact on Hydrogen Powered Tractor Industry
- 7.4.1 Overall Impact of COVID-19 on Hydrogen Powered Tractor Industry
- 7.4.2 Post COVID-19 Impact and Recovery Analysis
- 7.4.3 Influencing Factors
- 7.7 Consumer Preference Analysis for Hydrogen Powered Tractor Market
- 7.8 Patent Analysis of Hydrogen Powered Tractor
- 7.9 Hydrogen Powered Tractor Industrial Chain Analysis
- 7.10 Manufacturing Cost Analysis
- 7.11 Supply Side Analysis
- 8.1 Terberg
- 8.1.1 Terberg Company Basic Information, and Sales Area
- 8.1.2 Terberg Business Segment/ Overview
- 8.1.3 Terberg Financials
- 8.1.3.1 Investment in Research and Development
- 8.1.3.2 Terberg Sales Revenue (2018-2022)
- 8.1.3.3 Terberg Market Share (2018-2022)
- 8.1.4 Terberg Recent Developments
- 8.1.5 Terberg Business Strategy
- 8.1.6 Terberg Management Change
- 8.1.7 Terberg SWOT Analysis
- 8.1.7.1 Strength
- 8.1.7.2 Weakness
- 8.1.7.3 Opportunity
- 8.1.7.4 Threats
- 8.1.8 Terberg COVID-19 Impact Analysis
- 8.2 Cummins Inc.
- 8.2.1 Cummins Inc. Company Basic Information, and Sales Area
- 8.2.2 Cummins Inc. Business Segment/ Overview
- 8.2.3 Cummins Inc. Financials
- 8.2.3.1 Investment in Research and Development
- 8.2.3.2 Cummins Inc. Sales Revenue (2018-2022)
- 8.2.3.3 Cummins Inc. Market Share (2018-2022)
- 8.2.4 Cummins Inc. Recent Developments
- 8.2.5 Cummins Inc. Business Strategy
- 8.2.6 Cummins Inc. Management Change
- 8.2.7 Cummins Inc. SWOT Analysis
- 8.2.7.1 Strength
- 8.2.7.2 Weakness
- 8.2.7.3 Opportunity
- 8.2.7.4 Threats
- 8.2.8 Cummins Inc. COVID-19 Impact Analysis
- 8.3 Deere Company
- 8.3.1 Deere Company Company Basic Information, and Sales Area
- 8.3.2 Deere Company Business Segment/ Overview
- 8.3.3 Deere Company Financials
- 8.3.3.1 Investment in Research and Development
- 8.3.3.2 Deere Company Sales Revenue (2018-2022)
- 8.3.3.3 Deere Company Market Share (2018-2022)
- 8.3.4 Deere Company Recent Developments
- 8.3.5 Deere Company Business Strategy
- 8.3.6 Deere Company Management Change
- 8.3.7 Deere Company SWOT Analysis
- 8.3.7.1 Strength
- 8.3.7.2 Weakness
- 8.3.7.3 Opportunity
- 8.3.7.4 Threats
- 8.3.8 Deere Company COVID-19 Impact Analysis
- 8.4 Deutz Fahr Group
- 8.4.1 Deutz Fahr Group Company Basic Information, and Sales Area
- 8.4.2 Deutz Fahr Group Business Segment/ Overview
- 8.4.3 Deutz Fahr Group Financials
- 8.4.3.1 Investment in Research and Development
- 8.4.3.2 Deutz Fahr Group Sales Revenue (2018-2022)
- 8.4.3.3 Deutz Fahr Group Market Share (2018-2022)
- 8.4.4 Deutz Fahr Group Recent Developments
- 8.4.5 Deutz Fahr Group Business Strategy
- 8.4.6 Deutz Fahr Group Management Change
- 8.4.7 Deutz Fahr Group SWOT Analysis
- 8.4.7.1 Strength
- 8.4.7.2 Weakness
- 8.4.7.3 Opportunity
- 8.4.7.4 Threats
- 8.4.8 Deutz Fahr Group COVID-19 Impact Analysis
- 8.5 BMW
- 8.5.1 BMW Company Basic Information, and Sales Area
- 8.5.2 BMW Business Segment/ Overview
- 8.5.3 BMW Financials
- 8.5.3.1 Investment in Research and Development
- 8.5.3.2 BMW Sales Revenue (2018-2022)
- 8.5.3.3 BMW Market Share (2018-2022)
- 8.5.4 BMW Recent Developments
- 8.5.5 BMW Business Strategy
- 8.5.6 BMW Management Change
- 8.5.7 BMW SWOT Analysis
- 8.5.7.1 Strength
- 8.5.7.2 Weakness
- 8.5.7.3 Opportunity
- 8.5.7.4 Threats
- 8.5.8 BMW COVID-19 Impact Analysis
- 8.6 Cnh Industrial N.V.
- 8.6.1 Cnh Industrial N.V. Company Basic Information, and Sales Area
- 8.6.2 Cnh Industrial N.V. Business Segment/ Overview
- 8.6.3 Cnh Industrial N.V. Financials
- 8.6.3.1 Investment in Research and Development
- 8.6.3.2 Cnh Industrial N.V. Sales Revenue (2018-2022)
- 8.6.3.3 Cnh Industrial N.V. Market Share (2018-2022)
- 8.6.4 Cnh Industrial N.V. Recent Developments
- 8.6.5 Cnh Industrial N.V. Business Strategy
- 8.6.6 Cnh Industrial N.V. Management Change
- 8.6.7 Cnh Industrial N.V. SWOT Analysis
- 8.6.7.1 Strength
- 8.6.7.2 Weakness
- 8.6.7.3 Opportunity
- 8.6.7.4 Threats
- 8.6.8 Cnh Industrial N.V. COVID-19 Impact Analysis
- 8.7 Toyota
- 8.7.1 Toyota Company Basic Information, and Sales Area
- 8.7.2 Toyota Business Segment/ Overview
- 8.7.3 Toyota Financials
- 8.7.3.1 Investment in Research and Development
- 8.7.3.2 Toyota Sales Revenue (2018-2022)
- 8.7.3.3 Toyota Market Share (2018-2022)
- 8.7.4 Toyota Recent Developments
- 8.7.5 Toyota Business Strategy
- 8.7.6 Toyota Management Change
- 8.7.7 Toyota SWOT Analysis
- 8.7.7.1 Strength
- 8.7.7.2 Weakness
- 8.7.7.3 Opportunity
- 8.7.7.4 Threats
- 8.7.8 Toyota COVID-19 Impact Analysis
- 8.8 Allis Chalmers
- 8.8.1 Allis Chalmers Company Basic Information, and Sales Area
- 8.8.2 Allis Chalmers Business Segment/ Overview
- 8.8.3 Allis Chalmers Financials
- 8.8.3.1 Investment in Research and Development
- 8.8.3.2 Allis Chalmers Sales Revenue (2018-2022)
- 8.8.3.3 Allis Chalmers Market Share (2018-2022)
- 8.8.4 Allis Chalmers Recent Developments
- 8.8.5 Allis Chalmers Business Strategy
- 8.8.6 Allis Chalmers Management Change
- 8.8.7 Allis Chalmers SWOT Analysis
- 8.8.7.1 Strength
- 8.8.7.2 Weakness
- 8.8.7.3 Opportunity
- 8.8.7.4 Threats
- 8.8.8 Allis Chalmers COVID-19 Impact Analysis
- 8.9 Hyster Yale Group
- 8.9.1 Hyster Yale Group Company Basic Information, and Sales Area
- 8.9.2 Hyster Yale Group Business Segment/ Overview
- 8.9.3 Hyster Yale Group Financials
- 8.9.3.1 Investment in Research and Development
- 8.9.3.2 Hyster Yale Group Sales Revenue (2018-2022)
- 8.9.3.3 Hyster Yale Group Market Share (2018-2022)
- 8.9.4 Hyster Yale Group Recent Developments
- 8.9.5 Hyster Yale Group Business Strategy
- 8.9.6 Hyster Yale Group Management Change
- 8.9.7 Hyster Yale Group SWOT Analysis
- 8.9.7.1 Strength
- 8.9.7.2 Weakness
- 8.9.7.3 Opportunity
- 8.9.7.4 Threats
- 8.9.8 Hyster Yale Group COVID-19 Impact Analysis
- 8.10 Hyundai Motor Company
- 8.10.1 Hyundai Motor Company Company Basic Information, and Sales Area
- 8.10.2 Hyundai Motor Company Business Segment/ Overview
- 8.10.3 Hyundai Motor Company Financials
- 8.10.3.1 Investment in Research and Development
- 8.10.3.2 Hyundai Motor Company Sales Revenue (2018-2022)
- 8.10.3.3 Hyundai Motor Company Market Share (2018-2022)
- 8.10.4 Hyundai Motor Company Recent Developments
- 8.10.5 Hyundai Motor Company Business Strategy
- 8.10.6 Hyundai Motor Company Management Change
- 8.10.7 Hyundai Motor Company SWOT Analysis
- 8.10.7.1 Strength
- 8.10.7.2 Weakness
- 8.10.7.3 Opportunity
- 8.10.7.4 Threats
- 8.10.8 Hyundai Motor Company COVID-19 Impact Analysis
- 8.11 Kubota Corporation
- 8.11.1 Kubota Corporation Company Basic Information, and Sales Area
- 8.11.2 Kubota Corporation Business Segment/ Overview
- 8.11.3 Kubota Corporation Financials
- 8.11.3.1 Investment in Research and Development
- 8.11.3.2 Kubota Corporation Sales Revenue (2018-2022)
- 8.11.3.3 Kubota Corporation Market Share (2018-2022)
- 8.11.4 Kubota Corporation Recent Developments
- 8.11.5 Kubota Corporation Business Strategy
- 8.11.6 Kubota Corporation Management Change
- 8.11.7 Kubota Corporation SWOT Analysis
- 8.11.7.1 Strength
- 8.11.7.2 Weakness
- 8.11.7.3 Opportunity
- 8.11.7.4 Threats
- 8.11.8 Kubota Corporation COVID-19 Impact Analysis
- 8.12 Amogy Inc
- 8.12.1 Amogy Inc Company Basic Information, and Sales Area
- 8.12.2 Amogy Inc Business Segment/ Overview
- 8.12.3 Amogy Inc Financials
- 8.12.3.1 Investment in Research and Development
- 8.12.3.2 Amogy Inc Sales Revenue (2018-2022)
- 8.12.3.3 Amogy Inc Market Share (2018-2022)
- 8.12.4 Amogy Inc Recent Developments
- 8.12.5 Amogy Inc Business Strategy
- 8.12.6 Amogy Inc Management Change
- 8.12.7 Amogy Inc SWOT Analysis
- 8.12.7.1 Strength
- 8.12.7.2 Weakness
- 8.12.7.3 Opportunity
- 8.12.7.4 Threats
- 8.12.8 Amogy Inc COVID-19 Impact Analysis
- 8.13 Ballard Power Systems
- 8.13.1 Ballard Power Systems Company Basic Information, and Sales Area
- 8.13.2 Ballard Power Systems Business Segment/ Overview
- 8.13.3 Ballard Power Systems Financials
- 8.13.3.1 Investment in Research and Development
- 8.13.3.2 Ballard Power Systems Sales Revenue (2018-2022)
- 8.13.3.3 Ballard Power Systems Market Share (2018-2022)
- 8.13.4 Ballard Power Systems Recent Developments
- 8.13.5 Ballard Power Systems Business Strategy
- 8.13.6 Ballard Power Systems Management Change
- 8.13.7 Ballard Power Systems SWOT Analysis
- 8.13.7.1 Strength
- 8.13.7.2 Weakness
- 8.13.7.3 Opportunity
- 8.13.7.4 Threats
- 8.13.8 Ballard Power Systems COVID-19 Impact Analysis
- 8.14 Blue Fuel Solutions
- 8.14.1 Blue Fuel Solutions Company Basic Information, and Sales Area
- 8.14.2 Blue Fuel Solutions Business Segment/ Overview
- 8.14.3 Blue Fuel Solutions Financials
- 8.14.3.1 Investment in Research and Development
- 8.14.3.2 Blue Fuel Solutions Sales Revenue (2018-2022)
- 8.14.3.3 Blue Fuel Solutions Market Share (2018-2022)
- 8.14.4 Blue Fuel Solutions Recent Developments
- 8.14.5 Blue Fuel Solutions Business Strategy
- 8.14.6 Blue Fuel Solutions Management Change
- 8.14.7 Blue Fuel Solutions SWOT Analysis
- 8.14.7.1 Strength
- 8.14.7.2 Weakness
- 8.14.7.3 Opportunity
- 8.14.7.4 Threats
- 8.14.8 Blue Fuel Solutions COVID-19 Impact Analysis
- 8.15 Fendt
- 8.15.1 Fendt Company Basic Information, and Sales Area
- 8.15.2 Fendt Business Segment/ Overview
- 8.15.3 Fendt Financials
- 8.15.3.1 Investment in Research and Development
- 8.15.3.2 Fendt Sales Revenue (2018-2022)
- 8.15.3.3 Fendt Market Share (2018-2022)
- 8.15.4 Fendt Recent Developments
- 8.15.5 Fendt Business Strategy
- 8.15.6 Fendt Management Change
- 8.15.7 Fendt SWOT Analysis
- 8.15.7.1 Strength
- 8.15.7.2 Weakness
- 8.15.7.3 Opportunity
- 8.15.7.4 Threats
- 8.15.8 Fendt COVID-19 Impact Analysis
- 8.16 H2Trac B.V.
- 8.16.1 H2Trac B.V. Company Basic Information, and Sales Area
- 8.16.2 H2Trac B.V. Business Segment/ Overview
- 8.16.3 H2Trac B.V. Financials
- 8.16.3.1 Investment in Research and Development
- 8.16.3.2 H2Trac B.V. Sales Revenue (2018-2022)
- 8.16.3.3 H2Trac B.V. Market Share (2018-2022)
- 8.16.4 H2Trac B.V. Recent Developments
- 8.16.5 H2Trac B.V. Business Strategy
- 8.16.6 H2Trac B.V. Management Change
- 8.16.7 H2Trac B.V. SWOT Analysis
- 8.16.7.1 Strength
- 8.16.7.2 Weakness
- 8.16.7.3 Opportunity
- 8.16.7.4 Threats
- 8.16.8 H2Trac B.V. COVID-19 Impact Analysis
- 8.17 New Holland
- 8.17.1 New Holland Company Basic Information, and Sales Area
- 8.17.2 New Holland Business Segment/ Overview
- 8.17.3 New Holland Financials
- 8.17.3.1 Investment in Research and Development
- 8.17.3.2 New Holland Sales Revenue (2018-2022)
- 8.17.3.3 New Holland Market Share (2018-2022)
- 8.17.4 New Holland Recent Developments
- 8.17.5 New Holland Business Strategy
- 8.17.6 New Holland Management Change
- 8.17.7 New Holland SWOT Analysis
- 8.17.7.1 Strength
- 8.17.7.2 Weakness
- 8.17.7.3 Opportunity
- 8.17.7.4 Threats
- 8.17.8 New Holland COVID-19 Impact Analysis
- 8.18 Others
- 8.18.1 Others Company Basic Information, and Sales Area
- 8.18.2 Others Business Segment/ Overview
- 8.18.3 Others Financials
- 8.18.3.1 Investment in Research and Development
- 8.18.3.2 Others Sales Revenue (2018-2022)
- 8.18.3.3 Others Market Share (2018-2022)
- 8.18.4 Others Recent Developments
- 8.18.5 Others Business Strategy
- 8.18.6 Others Management Change
- 8.18.7 Others SWOT Analysis
- 8.18.7.1 Strength
- 8.18.7.2 Weakness
- 8.18.7.3 Opportunity
- 8.18.7.4 Threats
- 8.18.8 Others COVID-19 Impact Analysis
- 9.1 Detailed Qualitative Analysis
- 9.2 Global Hydrogen Powered Tractor Revenue and Share (%) by Installation (2018-2030)
- 9.2.1 Retrofit Market Size
- 9.2.1.1 Global Retrofit Market Share and Revenue (USD Million) for 2018-2030
- 9.2.1.2 Hydrogen Powered Tractor Market for Retrofit, by Country (2021 Vs 2024)
- 9.2.2 OEM Market Size
- 9.2.2.1 Global OEM Market Share and Revenue (USD Million) for 2018-2030
- 9.2.2.2 Hydrogen Powered Tractor Market for OEM, by Country (2021 Vs 2024)
- 9.2.1 Retrofit Market Size
- 10.1 Detailed Qualitative Analysis
- 10.2 Global Hydrogen Powered Tractor Revenue and Share (%) by Application (2018-2030)
- 10.2.1 Mining Market Size
- 10.2.1.1 Global Mining Market Share and Revenue (USD Million) for 2018-2030
- 10.2.1.2 Hydrogen Powered Tractor Market for Mining, by Country (2021 Vs 2024)
- 10.2.2 Agriculture Market Size
- 10.2.2.1 Global Agriculture Market Share and Revenue (USD Million) for 2018-2030
- 10.2.2.2 Hydrogen Powered Tractor Market for Agriculture, by Country (2021 Vs 2024)
- 10.2.3 Industries Market Size
- 10.2.3.1 Global Industries Market Share and Revenue (USD Million) for 2018-2030
- 10.2.3.2 Hydrogen Powered Tractor Market for Industries, by Country (2021 Vs 2024)
- 10.2.4 Others Market Size
- 10.2.4.1 Global Others Market Share and Revenue (USD Million) for 2018-2030
- 10.2.4.2 Hydrogen Powered Tractor Market for Others, by Country (2021 Vs 2024)
- 10.2.1 Mining Market Size
- 11.1 Detailed Qualitative Analysis
- 11.2 Global Hydrogen Powered Tractor Revenue and Share (%) by Fuel Cell Technology Type (2018-2030)
- 11.2.1 Phosphoric Acid Fuel Cell Market Size
- 11.2.1.1 Global Phosphoric Acid Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 11.2.1.2 Hydrogen Powered Tractor Market for Phosphoric Acid Fuel Cell, by Country (2021 Vs 2024)
- 11.2.2 Proton Exchange Membrane Fuel Cell Market Size
- 11.2.2.1 Global Proton Exchange Membrane Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 11.2.2.2 Hydrogen Powered Tractor Market for Proton Exchange Membrane Fuel Cell, by Country (2021 Vs 2024)
- 11.2.3 Solid Oxide Fuel Cell Market Size
- 11.2.3.1 Global Solid Oxide Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 11.2.3.2 Hydrogen Powered Tractor Market for Solid Oxide Fuel Cell, by Country (2021 Vs 2024)
- 11.2.4 Others Market Size
- 11.2.4.1 Global Others Market Share and Revenue (USD Million) for 2018-2030
- 11.2.4.2 Hydrogen Powered Tractor Market for Others, by Country (2021 Vs 2024)
- 11.2.1 Phosphoric Acid Fuel Cell Market Size
- 12.1 Detailed Qualitative Analysis
- 12.2 Global Hydrogen Powered Tractor Revenue and Share (%) by Capacity (2018-2030)
- 12.2.1 Less Than 25 tons Market Size
- 12.2.1.1 Global Less Than 25 tons Market Share and Revenue (USD Million) for 2018-2030
- 12.2.1.2 Hydrogen Powered Tractor Market for Less Than 25 tons, by Country (2021 Vs 2024)
- 12.2.2 More Than 25 tons Market Size
- 12.2.2.1 Global More Than 25 tons Market Share and Revenue (USD Million) for 2018-2030
- 12.2.2.2 Hydrogen Powered Tractor Market for More Than 25 tons, by Country (2021 Vs 2024)
- 12.2.1 Less Than 25 tons Market Size
- 13.1 Detailed Qualitative Analysis
- 13.2 Global Hydrogen Powered Tractor Market Revenue by Region (2018-2030)
- 13.2 Global Hydrogen Powered Tractor Market Share (%) by Region (2018-2030)
- 14.1 North America
- 14.1.1 North America Hydrogen Powered Tractor Market Trends and Analysis
- 14.1.2 North America Hydrogen Powered Tractor Market by Country, 2018-2030
- 14.1.3 North America Hydrogen Powered Tractor Market Attractiveness Analysis by Country
- 14.2 North America Hydrogen Powered Tractor Market Size (2018-2030)
- 14.2.1 North America Hydrogen Powered Tractor Market (USD Million) by Installation (2018-2030)
- 14.2.1.1 Retrofit
- 14.2.1.1.1 North America Retrofit Market Share and Revenue (USD Million) for 2018-2030
- 14.2.1.2 OEM
- 14.2.1.2.1 North America OEM Market Share and Revenue (USD Million) for 2018-2030
- 14.2.1.1 Retrofit
- 14.2.2 North America Hydrogen Powered Tractor Market (USD Million) by Application (2018-2030)
- 14.2.2.1 Mining
- 14.2.2.1.1 North America Mining Market Share and Revenue (USD Million) for 2018-2030
- 14.2.2.2 Agriculture
- 14.2.2.2.1 North America Agriculture Market Share and Revenue (USD Million) for 2018-2030
- 14.2.2.3 Industries
- 14.2.2.3.1 North America Industries Market Share and Revenue (USD Million) for 2018-2030
- 14.2.2.4 Others
- 14.2.2.4.1 North America Others Market Share and Revenue (USD Million) for 2018-2030
- 14.2.2.1 Mining
- 14.2.3 North America Hydrogen Powered Tractor Market (USD Million) by Fuel Cell Technology Type (2018-2030)
- 14.2.3.1 Phosphoric Acid Fuel Cell
- 14.2.3.1.1 North America Phosphoric Acid Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 14.2.3.2 Proton Exchange Membrane Fuel Cell
- 14.2.3.2.1 North America Proton Exchange Membrane Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 14.2.3.3 Solid Oxide Fuel Cell
- 14.2.3.3.1 North America Solid Oxide Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 14.2.3.4 Others
- 14.2.3.4.1 North America Others Market Share and Revenue (USD Million) for 2018-2030
- 14.2.3.1 Phosphoric Acid Fuel Cell
- 14.2.4 North America Hydrogen Powered Tractor Market (USD Million) by Capacity (2018-2030)
- 14.2.4.1 Less Than 25 tons
- 14.2.4.1.1 North America Less Than 25 tons Market Share and Revenue (USD Million) for 2018-2030
- 14.2.4.2 More Than 25 tons
- 14.2.4.2.1 North America More Than 25 tons Market Share and Revenue (USD Million) for 2018-2030
- 14.2.4.1 Less Than 25 tons
- 14.2.1 North America Hydrogen Powered Tractor Market (USD Million) by Installation (2018-2030)
- 15.1 Europe
- 15.1.1 Europe Hydrogen Powered Tractor Market Trends and Analysis
- 15.1.2 Europe Hydrogen Powered Tractor Market by Country, 2018-2030
- 15.1.3 Europe Hydrogen Powered Tractor Market Attractiveness Analysis by Country
- 15.2 Europe Hydrogen Powered Tractor Market Size (2018-2030)
- 15.2.1 Europe Hydrogen Powered Tractor Market (USD Million) by Installation (2018-2030)
- 15.2.1.1 Retrofit
- 15.2.1.1.1 Europe Retrofit Market Share and Revenue (USD Million) for 2018-2030
- 15.2.1.2 OEM
- 15.2.1.2.1 Europe OEM Market Share and Revenue (USD Million) for 2018-2030
- 15.2.1.1 Retrofit
- 15.2.2 Europe Hydrogen Powered Tractor Market (USD Million) by Application (2018-2030)
- 15.2.2.1 Mining
- 15.2.2.1.1 Europe Mining Market Share and Revenue (USD Million) for 2018-2030
- 15.2.2.2 Agriculture
- 15.2.2.2.1 Europe Agriculture Market Share and Revenue (USD Million) for 2018-2030
- 15.2.2.3 Industries
- 15.2.2.3.1 Europe Industries Market Share and Revenue (USD Million) for 2018-2030
- 15.2.2.4 Others
- 15.2.2.4.1 Europe Others Market Share and Revenue (USD Million) for 2018-2030
- 15.2.2.1 Mining
- 15.2.3 Europe Hydrogen Powered Tractor Market (USD Million) by Fuel Cell Technology Type (2018-2030)
- 15.2.3.1 Phosphoric Acid Fuel Cell
- 15.2.3.1.1 Europe Phosphoric Acid Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 15.2.3.2 Proton Exchange Membrane Fuel Cell
- 15.2.3.2.1 Europe Proton Exchange Membrane Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 15.2.3.3 Solid Oxide Fuel Cell
- 15.2.3.3.1 Europe Solid Oxide Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 15.2.3.4 Others
- 15.2.3.4.1 Europe Others Market Share and Revenue (USD Million) for 2018-2030
- 15.2.3.1 Phosphoric Acid Fuel Cell
- 15.2.4 Europe Hydrogen Powered Tractor Market (USD Million) by Capacity (2018-2030)
- 15.2.4.1 Less Than 25 tons
- 15.2.4.1.1 Europe Less Than 25 tons Market Share and Revenue (USD Million) for 2018-2030
- 15.2.4.2 More Than 25 tons
- 15.2.4.2.1 Europe More Than 25 tons Market Share and Revenue (USD Million) for 2018-2030
- 15.2.4.1 Less Than 25 tons
- 15.2.1 Europe Hydrogen Powered Tractor Market (USD Million) by Installation (2018-2030)
- 16.1 Asia Pacific
- 16.1.1 Asia Pacific Hydrogen Powered Tractor Market Trends and Analysis
- 16.1.2 Asia Pacific Hydrogen Powered Tractor Market by Country, 2018-2030
- 16.1.3 Asia Pacific Hydrogen Powered Tractor Market Attractiveness Analysis by Country
- 16.2 Asia Pacific Hydrogen Powered Tractor Market Size (2018-2030)
- 16.2.1 Asia Pacific Hydrogen Powered Tractor Market (USD Million) by Installation (2018-2030)
- 16.2.1.1 Retrofit
- 16.2.1.1.1 Asia Pacific Retrofit Market Share and Revenue (USD Million) for 2018-2030
- 16.2.1.2 OEM
- 16.2.1.2.1 Asia Pacific OEM Market Share and Revenue (USD Million) for 2018-2030
- 16.2.1.1 Retrofit
- 16.2.2 Asia Pacific Hydrogen Powered Tractor Market (USD Million) by Application (2018-2030)
- 16.2.2.1 Mining
- 16.2.2.1.1 Asia Pacific Mining Market Share and Revenue (USD Million) for 2018-2030
- 16.2.2.2 Agriculture
- 16.2.2.2.1 Asia Pacific Agriculture Market Share and Revenue (USD Million) for 2018-2030
- 16.2.2.3 Industries
- 16.2.2.3.1 Asia Pacific Industries Market Share and Revenue (USD Million) for 2018-2030
- 16.2.2.4 Others
- 16.2.2.4.1 Asia Pacific Others Market Share and Revenue (USD Million) for 2018-2030
- 16.2.2.1 Mining
- 16.2.3 Asia Pacific Hydrogen Powered Tractor Market (USD Million) by Fuel Cell Technology Type (2018-2030)
- 16.2.3.1 Phosphoric Acid Fuel Cell
- 16.2.3.1.1 Asia Pacific Phosphoric Acid Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 16.2.3.2 Proton Exchange Membrane Fuel Cell
- 16.2.3.2.1 Asia Pacific Proton Exchange Membrane Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 16.2.3.3 Solid Oxide Fuel Cell
- 16.2.3.3.1 Asia Pacific Solid Oxide Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 16.2.3.4 Others
- 16.2.3.4.1 Asia Pacific Others Market Share and Revenue (USD Million) for 2018-2030
- 16.2.3.1 Phosphoric Acid Fuel Cell
- 16.2.4 Asia Pacific Hydrogen Powered Tractor Market (USD Million) by Capacity (2018-2030)
- 16.2.4.1 Less Than 25 tons
- 16.2.4.1.1 Asia Pacific Less Than 25 tons Market Share and Revenue (USD Million) for 2018-2030
- 16.2.4.2 More Than 25 tons
- 16.2.4.2.1 Asia Pacific More Than 25 tons Market Share and Revenue (USD Million) for 2018-2030
- 16.2.4.1 Less Than 25 tons
- 16.2.1 Asia Pacific Hydrogen Powered Tractor Market (USD Million) by Installation (2018-2030)
- 17.1 Latin America
- 17.1.1 Latin America Hydrogen Powered Tractor Market Trends and Analysis
- 17.1.2 Latin America Hydrogen Powered Tractor Market by Country, 2018-2030
- 17.1.3 Latin America Hydrogen Powered Tractor Market Attractiveness Analysis by Country
- 17.2 Latin America Hydrogen Powered Tractor Market Size (2018-2030)
- 17.2.1 Latin America Hydrogen Powered Tractor Market (USD Million) by Installation (2018-2030)
- 17.2.1.1 Retrofit
- 17.2.1.1.1 Latin America Retrofit Market Share and Revenue (USD Million) for 2018-2030
- 17.2.1.2 OEM
- 17.2.1.2.1 Latin America OEM Market Share and Revenue (USD Million) for 2018-2030
- 17.2.1.1 Retrofit
- 17.2.2 Latin America Hydrogen Powered Tractor Market (USD Million) by Application (2018-2030)
- 17.2.2.1 Mining
- 17.2.2.1.1 Latin America Mining Market Share and Revenue (USD Million) for 2018-2030
- 17.2.2.2 Agriculture
- 17.2.2.2.1 Latin America Agriculture Market Share and Revenue (USD Million) for 2018-2030
- 17.2.2.3 Industries
- 17.2.2.3.1 Latin America Industries Market Share and Revenue (USD Million) for 2018-2030
- 17.2.2.4 Others
- 17.2.2.4.1 Latin America Others Market Share and Revenue (USD Million) for 2018-2030
- 17.2.2.1 Mining
- 17.2.3 Latin America Hydrogen Powered Tractor Market (USD Million) by Fuel Cell Technology Type (2018-2030)
- 17.2.3.1 Phosphoric Acid Fuel Cell
- 17.2.3.1.1 Latin America Phosphoric Acid Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 17.2.3.2 Proton Exchange Membrane Fuel Cell
- 17.2.3.2.1 Latin America Proton Exchange Membrane Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 17.2.3.3 Solid Oxide Fuel Cell
- 17.2.3.3.1 Latin America Solid Oxide Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 17.2.3.4 Others
- 17.2.3.4.1 Latin America Others Market Share and Revenue (USD Million) for 2018-2030
- 17.2.3.1 Phosphoric Acid Fuel Cell
- 17.2.4 Latin America Hydrogen Powered Tractor Market (USD Million) by Capacity (2018-2030)
- 17.2.4.1 Less Than 25 tons
- 17.2.4.1.1 Latin America Less Than 25 tons Market Share and Revenue (USD Million) for 2018-2030
- 17.2.4.2 More Than 25 tons
- 17.2.4.2.1 Latin America More Than 25 tons Market Share and Revenue (USD Million) for 2018-2030
- 17.2.4.1 Less Than 25 tons
- 17.2.1 Latin America Hydrogen Powered Tractor Market (USD Million) by Installation (2018-2030)
- 18.1 Middle East and Africa
- 18.1.1 Middle East and Africa Hydrogen Powered Tractor Market Trends and Analysis
- 18.1.2 Middle East and Africa Hydrogen Powered Tractor Market by Country, 2018-2030
- 18.1.3 Middle East and Africa Hydrogen Powered Tractor Market Attractiveness Analysis by Country
- 18.2 Middle East and Africa Hydrogen Powered Tractor Market Size (2018-2030)
- 18.2.1 Middle East and Africa Hydrogen Powered Tractor Market (USD Million) by Installation (2018-2030)
- 18.2.1.1 Retrofit
- 18.2.1.1.1 Middle East and Africa Retrofit Market Share and Revenue (USD Million) for 2018-2030
- 18.2.1.2 OEM
- 18.2.1.2.1 Middle East and Africa OEM Market Share and Revenue (USD Million) for 2018-2030
- 18.2.1.1 Retrofit
- 18.2.2 Middle East and Africa Hydrogen Powered Tractor Market (USD Million) by Application (2018-2030)
- 18.2.2.1 Mining
- 18.2.2.1.1 Middle East and Africa Mining Market Share and Revenue (USD Million) for 2018-2030
- 18.2.2.2 Agriculture
- 18.2.2.2.1 Middle East and Africa Agriculture Market Share and Revenue (USD Million) for 2018-2030
- 18.2.2.3 Industries
- 18.2.2.3.1 Middle East and Africa Industries Market Share and Revenue (USD Million) for 2018-2030
- 18.2.2.4 Others
- 18.2.2.4.1 Middle East and Africa Others Market Share and Revenue (USD Million) for 2018-2030
- 18.2.2.1 Mining
- 18.2.3 Middle East and Africa Hydrogen Powered Tractor Market (USD Million) by Fuel Cell Technology Type (2018-2030)
- 18.2.3.1 Phosphoric Acid Fuel Cell
- 18.2.3.1.1 Middle East and Africa Phosphoric Acid Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 18.2.3.2 Proton Exchange Membrane Fuel Cell
- 18.2.3.2.1 Middle East and Africa Proton Exchange Membrane Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 18.2.3.3 Solid Oxide Fuel Cell
- 18.2.3.3.1 Middle East and Africa Solid Oxide Fuel Cell Market Share and Revenue (USD Million) for 2018-2030
- 18.2.3.4 Others
- 18.2.3.4.1 Middle East and Africa Others Market Share and Revenue (USD Million) for 2018-2030
- 18.2.3.1 Phosphoric Acid Fuel Cell
- 18.2.4 Middle East and Africa Hydrogen Powered Tractor Market (USD Million) by Capacity (2018-2030)
- 18.2.4.1 Less Than 25 tons
- 18.2.4.1.1 Middle East and Africa Less Than 25 tons Market Share and Revenue (USD Million) for 2018-2030
- 18.2.4.2 More Than 25 tons
- 18.2.4.2.1 Middle East and Africa More Than 25 tons Market Share and Revenue (USD Million) for 2018-2030
- 18.2.4.1 Less Than 25 tons
- 18.2.1 Middle East and Africa Hydrogen Powered Tractor Market (USD Million) by Installation (2018-2030)
- 19.1 Key Takeaways
- 19.2 Analyst Point of View
- 19.3 Assumptions
| Segmentation Level Customization | |
| Global level Data Customization | |
| Region level Data Customization | |
| Country level Data Customization | |
| Company Level | |
| Additional Data Analysis | |
| Additional Qualitative Data | |
| Additional Quantitative Data | |
| Service Level Customization | Report Format Alteration |
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Hydrogen Powered Tractor Market Analysis
Global Hydrogen Powered Tractor Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Hydrogen Powered Tractor Industry growth. Hydrogen Powered Tractor market has been segmented with the help of its Installation, Application Fuel Cell Technology Type, and others. Hydrogen Powered Tractor market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Report scope is customizable as we have a huge database of Hydrogen Powered Tractor industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
| Major Installation Analysed |
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| Major Application Analysed |
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| Major Fuel Cell Technology Type Analysed |
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| Major Capacity Analysed |
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| Top Manufacturers Disclosed |
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| Global, Regional and Country Analysis |
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| Key Qualitative Information Covered |
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Among the types, the hydrogen powered tractor market segmentation includes Retrofit and OEM. The OEM segment is expected to hold the highest share of 69.40% and is expected to maintain over the forecast period. However, the retrofit segment is expected to register significant revenue share of 30.60% and the highest CAGR of 15.4% over the forecast period.
Hydrogen Powered Tractor Market Share (%) by Installation in 2018-2030
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hydrogen Powered Tractor Industry. Request a Free Sample PDF!
Among the application, the hydrogen powered tractor market segmentation includes mining, agriculture, industries, and others. The agriculture segment is expected to register largest market share of 45.23% and is projected to witness the highest CAGR of 14.2% over the forecast period, increasing demand for hydrogen powered tractors in agricultural activities. The industries segment is projected to second highest revenue share of 24.78% in the global market. The mining segment is projected to significant revenue share of 15.34% in the global market.
Hydrogen Powered Tractor Market Share (%) by Application in 2018-2030
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Hydrogen Powered Tractor market report 2023 Edition by contacting our team.
Hydrogen Powered Tractor Fuel Cell Technology Type Segment Analysis
Based on fuel cell technology type, the hydrogen powered tractor market segmentation includes phosphoric acid fuel cell, proton exchange membrane fuel cell, solid oxide fuel cell and others. The proton exchange membrane fuel cell segment is projected to hold the highest revenue share of 41.23% and estimated to witness the largest CAGR of 12.2% during the forecast period. This is due to its use of a platinum-coated solid polymer that only needs hydrogen and oxygen to generate electricity. Proton exchange membrane fuel cells have high power density and light weight. In addition, PEM fuel cells are more suitable for industrial use where they can be transported and stored in a controlled environment. The phosphoric acid fuel cell segment is projected to second highest revenue share of 28.34% in the global market. The solid oxide fuel cell segment is projected to significant revenue share of 16.54% in the global market.
- Phosphoric Acid Fuel Cell
- Proton Exchange Membrane Fuel Cell
- Solid Oxide Fuel Cell
- Others
Hydrogen Powered Tractor Capacity Segment Analysis
Among the capacity, the hydrogen powered tractor market segmentation includes less than 25 tons and more than 25 tons. The less than 25 tonnes segment is expected to register the largest share of 62.45% and estimated to maintain its dominance during the forecast period. However, the more than 25 tonnes segment is expected to significant revenue share of 37.55% and is anticipated to register the highest CAGR of 13.2% during the forecast period.
- Less Than 25 tons
- More Than 25 tons
The North America market is expected to dominate the global hydrogen powered tractors market with a higher revenue share, due to the increasing government initiatives for hydrogen infrastructure development and growing awareness among people about hydrogen powered tractors. In addition, the presence of key player and increasing adoption of hydrogen powered tractors in the countries in the region.
Europe hydrogen powered tractors market accounts for second-largest revenue share in the global hydrogen powered tractors market. This is attributed to the and the quick commercialization of FCEV (fuel cell electric vehicles) and increasing user base is expected to drive the market growth of hydrogen powered tractor market. Germany has the largest market share for hydrogen powered tractors, and the UK hydrogen-powered tractor market is the fastest-growing market in Europe.
The Asia Pacific hydrogen powered tractors market is projected to witness fastest growth in terms of revenue in the global market. This is attributed to rapid industrialization and presence of prominent players in emerging economies in the region. In addition, increase in agricultural and industrial activities and government support for the agriculture industry in Asia-Pacific propels growth of the hydrogen powered tractor market in the region. Rising disposable income, growing population, and increasing demand of hydrogen-powered tractor from mining are other factor is expected to drive the growth of the target market. Furthermore, China hydrogen powered tractor market hold the largest market share in the Asia-Pacific region.
Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)
- North America (United States, Canada, Mexico)
- Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
- Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
- South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
- Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)
Hydrogen Powered Tractor Market Share (%) by Region (2018-2030)
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Recent Developments
- In February 2023, Toyota has announced that it will supply its second-generation hydrogen fuel cell modules to French start-up Hyliko. The modules will be integrated into Hyliko's heavy-duty trucks for its zero-emission fleet products.
- In January 2023, US-based alternative fuel technology and electric vehicle company Centro Electric has unveiled its first hydrogen-powered Class 8 semi-tractor, the LMH864, in Las Vegas
- January 2023, Associated British Ports has revealed that it has become the first UK port operator to run a hydrogen fuelled tractor, after deploying the zero-emission vehicle at its container terminal at the Port of Immingham in Lincolnshire.
- August 2022, Cummins Inc. has signed a letter of intent with Buhler Industries Inc., a leading tractor manufacturer for the Versatile brand, to lead the decarbonization of the agricultural market by integrating the Cummins 15-liter hydrogen engine into Versatile equipment.
- In May 2022, Hyundai revealed its plans to enter the U.S. commercial vehicle market with the XCIENT fuel cell truck at the 2022 Advanced Clean Transportation (ACT) Expo.
- In June 2020, China's first hydrogen fuel cell electric tractor has been launched by the National Institute of Agricultural Machinery Innovation and Creation (CHIAIC) in Luoyang
Top Companies Market Share in Hydrogen Powered Tractor Industry: (In no particular order of Rank)
- Terberg
- Cummins Inc.
- Deere Company
- Deutz Fahr Group
- BMW
- Cnh Industrial N.V.
- Toyota
- Allis Chalmers
- Hyster Yale Group
- Hyundai Motor Company
- Kubota Corporation
- Amogy Inc
- Ballard Power Systems
- Blue Fuel Solutions
- Fendt
- H2Trac B.V.
- New Holland
- Others
- Confidential Data
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If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables..
Author's Conclusion
The Global Hydrogen Powered Tractor Market is witnessing significant growth in the near future.
In 2022, the Retrofit segment accounted for noticeable share of global Hydrogen Powered Tractor Market and is projected to experience significant growth in the near future.
The Mining segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Terberg, Deere Company and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Author's Detail
Kalyani Raje, LinkedIn
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
Key Questions Answered By Hydrogen Powered Tractor Market Report 2023
| Why Retrofit have a significant impact on Hydrogen Powered Tractor market? |
| What are the key factors affecting the Retrofit and OEM of Hydrogen Powered Tractor Market? |
| What is the CAGR/Growth Rate of Mining during the forecast period? |
| By type, which segment accounted for largest share of the global Hydrogen Powered Tractor Market? |
| Which region is expected to dominate the global Hydrogen Powered Tractor Market within the forecast period? |
Frequently Asked Questions (FAQs)
Increasing need to reduce greenhouse gas emission and government across various countries such as the US, China, and Japan taking initiatives to rising use of hydrogen powered tractor is driving the growth of the market
According to the report, the global hydrogen powered tractor market size is expected to be USD 3.28 billion by 2030, with a CAGR of approximately 12.8% over the forecast period.
The North America region is expected to continue leading the market throughout the forecast period, due to the presence of key player in the countries in the region.
Some of the main competitors dominating the global Hydrogen Powered Tractor Market include – Hyundai Motor Company, Kubota Corporation, Amogy, Inc, Ballard Power Systems and Others
Among the type, the OEM segment is expected to highest revenue share in the global market over the forecast period.
High costs associated with hydrogen-powered tractors and lack of awareness among farmers about efficient farm tractors is hamper the market growth over the forecast year.
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