As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Hybrid Train Market: By Propulsion: Battery Operated, Electro Diesel, Hydrogen Powered, Others; By Application: Passenger, Freight; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Hybrid Train Market Outlook

The global hybrid train market is expected to grow in the forecast period of 2022-2027 at a CAGR of 6.3%.

 

Passenger Segment Expected to Exhibit a Significant Growth in the Forecast Period

Based on application, the passenger segment is expected to exhibit a significant growth during the forecast period. The hybrid train is a cost-effective and efficient mode of passenger and freight transportation. Several cities are building new rail infrastructure projects to relieve traffic congestion and provide an economical mode of intercity and intra-city transit. Improved urbanisation, as well as a growing need for increased connection, comfort, dependability, and safety, are expected to drive the growth of the market.

 

Europe to Account for a Significant Share in the Hybrid Train Industry

Geographically, the hybrid train industry in Europe is expected to witness a significant growth during the forecast period owing to the rise in adoption of hybrid train in countries such as France, Spain, Germany, and the UK. Furthermore, as urbanisation and rail infrastructure construction activities increase in European countries, the demand for hybrid trains is expected to grow, thereby propelling the industry forward during the forecast period. The market is expected to grow due to an increase in government initiatives aimed at reducing carbon emissions.

 

Hybrid Train: Industry Definition and Segmentation

Hybrid train refers to railway cars that use a combination of fuel sources, with electricity being the predominant source. It has a rechargeable energy storage device onboard (RESS). This system is connected to the wheels and sits between the power source and the traction transmission system. Energy is stored in energy storage devices such as batteries, supercapacitors, and flywheels as a result of regenerative braking and excess energy generated during acceleration.

On the basis of the propulsion, the industry can be segment into:

  • Battery Operated
  • Electro Diesel
  • Hydrogen Powered
  • Others

Based on application, the industry can be divided into:

  • Passenger
  • Freight

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Scarcity of Natural Resources and the Rising Cost of Fuel to Bolster the Growth of the Global Hybrid Train Industry

The growing need for environmentally friendly and energy-efficient rail operations is driving the hybrid train industry. The scarcity of natural resources, coupled with the rising cost of fuel, is likely to shift the focus away from diesel trains and towards eco-friendly transportation systems throughout the predicted period, boosting the demand for hybrid trains. Additionally, on the demand side, railway operators, freight companies, and government agencies want trains that are both energy-efficient and environmentally friendly. While the COVID-19 pandemic has adversely affected the hybrid train industry, disrupting the whole ecosystem and halting both manufacturing and sales of new rail cars throughout the world, the demand is expected to recover. Furthermore, the governments in several nations have established rigorous emission standards, forcing manufacturers to use new, less polluting hybrid train technology. Furthermore, constant research and development initiatives in this sector are likely to contribute considerably to the market growth.

 

Key Industry Players in the Global Hybrid Train Market

The report gives a detailed analysis of the following key players in the global hybrid train market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • CRRC CORPORATION LIMITED
  • ALSTOM Holdings
  • Siemens Mobility GmbH 
  • Hitachi Rail Limited
  • Rolls-Royce plc
  • Toshiba Infrastructure Systems & Solutions Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Hybrid Train Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Hybrid Train Historical Market (2017-2021) 
    8.3    Global Hybrid Train Market Forecast (2022-2027)
    8.4    Global Hybrid Train Market by Propulsion
        8.4.1    Battery Operated
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Electro Diesel
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Hydrogen Powered
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Others
    8.5    Global Hybrid Train Market by Application
        8.5.1    Passenger
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Freight
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Hybrid Train Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    CRRC CORPORATION LIMITED
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    ALSTOM Holdings
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Siemens Mobility GmbH 
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Hitachi Rail Limited
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Rolls-Royce plc
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Toshiba Infrastructure Systems & Solutions Corporation
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Hybrid Train Market: Key Industry Highlights, 2017 and 2027
2.    Global Hybrid Train Historical Market: Breakup by Propulsion (USD Million), 2017-2021
3.    Global Hybrid Train Market Forecast: Breakup by Propulsion (USD Million), 2022-2027
4.    Global Hybrid Train Historical Market: Breakup by Application (USD Million), 2017-2021
5.    Global Hybrid Train Market Forecast: Breakup by Application (USD Million), 2022-2027
6.    Global Hybrid Train Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global Hybrid Train Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America Hybrid Train Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Hybrid Train Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Hybrid Train Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe Hybrid Train Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific Hybrid Train Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific Hybrid Train Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Latin America Hybrid Train Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America Hybrid Train Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa Hybrid Train Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa Hybrid Train Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Global Hybrid Train Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 6.3% between 2022 and 2027.

The major drivers of the industry, such as the increasing demand for eco-friendly and energy-efficient rail operations, favourable government initiatives, and the growing need for transportation, are expected to aid the market growth.

The key market trend guiding the growth of the industry include the continuous research and development activities by the key industry players.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Battery operated, electro diesel, and hydrogen powered, among others are the major segments based on propulsion considered within the market report.

The significant applications considered within the market report include passenger and freight.

The major players in the industry are CRRC CORPORATION LIMITED, ALSTOM Holdings, Siemens Mobility GmbH, Hitachi Rail Limited, Rolls-Royce plc, and Toshiba Infrastructure Systems & Solutions Corporation, among others.

Analyst Review

The global hybrid train market is being driven by the continuous research and development activities being carried out by the key industry players. Aided by the the increasing demand for eco-friendly and energy-efficient rail operations, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6.3%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on propulsion, the industry can be categorised into battery operated, electro diesel, and hydrogen powered, among others. On the basis of application, the industry can be segmented into passenger and freight. The major regional markets for hybrid train are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include CRRC CORPORATION LIMITED, ALSTOM Holdings, Siemens Mobility GmbH, Hitachi Rail Limited, Rolls-Royce plc, and Toshiba Infrastructure Systems & Solutions Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER