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Hybrid Train Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global hybrid train market reached a value of US$ 13.71 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 18.73 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Hybrid train is a locomotive transportation medium that is powered by an on-board rechargeable energy storage system (RESS), in combination with other fuel, such as diesel. They are located between power source and traction transmission system that are directly connected with wheels to promote smooth operations. They further use various energy storing devices, including supercapacitors, flywheels, and batteries, to sustain additional energy produced from regenerative braking. As compared to conventional fuel trains, hybrid trains are more reliable, emission-free, noise-free, cost-effective, and eco-friendly. At present, hybrid trains are commercially available in solar-powered, compressed natural gas (CNG), battery-operated, and electro-diesel propulsion types. 

Hybrid Train Market Trends:

The widespread adoption of the hybrid train as a cost-effective, sustainable, and reliable mode of transportation can be attributed to the increasing scarcity of natural resources and the hiking fuel prices. This represents the key factor primarily driving the market growth. Furthermore, the emerging trend of green transportation solutions, along with the introduction of stringency policies by governments of various nations to promote the uptake of alternative fuel-powered trains, such as hybrid trains that meet the required emission and efficiency standards, are propelling the market growth. Conventional fuel-powered trains generate various hazardous gases, including nitrogen dioxide (NO) and carbon dioxide (CO2), which is responsible for causing various ecological and health issues. In line with this, freight companies are increasingly participating in frequent mergers and acquisitions (M&A) to collectively invest in hybrid trains, thus helping them in cutting down operating costs, including fuel and maintenance. Moreover, the incorporation of lithium-ion batteries in hybrid trains to ensure minimal power consumption, improved voltage capacity, longer charge retention is contributing to the market growth. Other factors, such as rapid urbanization, expansion in construction activities to strengthen transportation infrastructure, and increasing railway connectivity, are positively stimulating the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hybrid train market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on propulsion type, operating speed and application.

Breakup by Propulsion Type:

  • Electro-Diesel
  • Battery Operated
  • Hydrogen Powered
  • Gas Powered
  • Solar Powered
     

Breakup by Operating Speed:

  • Below 100 Km/h
  • 100-200 Km/h
  • Above 200 Km/h
     

Breakup by Application:

  • Passenger
  • Freight
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alstom SA, Ballard Power Systems Inc., Construcciones y Auxiliar de Ferrocarriles, CRRC Corporation Limited, Hitachi Ltd., Rolls-Royce Holdings plc, Siemens AG, Stadler Rail AG, The Kinki Sharyo Co. Ltd., Toshiba Infrastructure Systems & Solutions Corporation and Vivarail Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Propulsion Type, Operating Speed, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alstom SA, Ballard Power Systems Inc., Construcciones y Auxiliar de Ferrocarriles, CRRC Corporation Limited, Hitachi Ltd., Rolls-Royce Holdings plc, Siemens AG, Stadler Rail AG, The Kinki Sharyo Co. Ltd., Toshiba Infrastructure Systems & Solutions Corporation and Vivarail Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global hybrid train market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global hybrid train market?
  • What are the key regional markets?
  • What is the breakup of the market based on the propulsion type?
  • What is the breakup of the market based on the operating speed?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global hybrid train market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Hybrid Train Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Propulsion Type
    6.1    Electro-Diesel
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Battery Operated
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Hydrogen Powered
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Gas Powered
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Solar Powered
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Operating Speed
    7.1    Below 100 Km/h
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    100-200 Km/h
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Above 200 Km/h
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Application
    8.1    Passenger
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Freight
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1 Alstom SA
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2 Ballard Power Systems Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3 Construcciones y Auxiliar de Ferrocarriles
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4 CRRC Corporation Limited
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5 Hitachi Ltd.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6 Rolls-Royce Holdings plc
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7 Siemens AG
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8 Stadler Rail AG
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
        14.3.9 The Kinki Sharyo Co. Ltd.?
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10 Toshiba Infrastructure Systems & Solutions Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11 Vivarail Ltd 
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Hybrid Train Market: Major Drivers and Challenges
Figure 2: Global: Hybrid Train Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Hybrid Train Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Hybrid Train Market: Breakup by Propulsion Type (in %), 2021
Figure 5: Global: Hybrid Train Market: Breakup by Operating Speed (in %), 2021
Figure 6: Global: Hybrid Train Market: Breakup by Application (in %), 2021
Figure 7: Global: Hybrid Train Market: Breakup by Region (in %), 2021
Figure 8: Global: Hybrid Train (Electro-Diesel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Hybrid Train (Electro-Diesel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Hybrid Train (Battery Operated) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Hybrid Train (Battery Operated) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Hybrid Train (Hydrogen Powered) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Hybrid Train (Hydrogen Powered) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Hybrid Train (Gas Powered) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Hybrid Train (Gas Powered) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Hybrid Train (Solar Powered) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Hybrid Train (Solar Powered) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Hybrid Train (Below 100 Km/h) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Hybrid Train (Below 100 Km/h) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Hybrid Train (100-200 Km/h) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Hybrid Train (100-200 km/h) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Hybrid Train (Above 200 km/h) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Hybrid Train (Above 200 km/h) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Hybrid Train (Passenger) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Hybrid Train (Passenger) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Hybrid Train (Freight) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Hybrid Train (Freight) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Hybrid Train Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Hybrid Train Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Hybrid Train Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Hybrid Train Industry: SWOT Analysis
Figure 78: Global: Hybrid Train Industry: Value Chain Analysis
Figure 79: Global: Hybrid Train Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Hybrid Train Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Hybrid Train Market Forecast: Breakup by Propulsion Type (in Million US$), 2022-2027
Table 3: Global: Hybrid Train Market Forecast: Breakup by Operating Speed (in Million US$), 2022-2027
Table 4: Global: Hybrid Train Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Hybrid Train Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Hybrid Train Market: Competitive Structure
Table 7: Global: Hybrid Train Market: Key Players


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