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Hybrid Train Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 149 pages | ID: H69D92A12426EN
IMARC Group

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Market Overview:

The global hybrid train market size reached US$ 14.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.01% during 2023-2028.

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 report, along with forecasts at the global, regional and country level from 2023-2028. 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.

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

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

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL HYBRID TRAIN MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY PROPULSION TYPE

6.1Electro-Diesel
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Battery Operated
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Hydrogen Powered
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4Gas Powered
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5Solar Powered
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY OPERATING SPEED

7.1Below 100 Km/h
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2100-200 Km/h
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Above 200 Km/h
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1Passenger
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Freight
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1North 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
9.2Asia-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
9.3Europe
  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
9.4Latin 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
9.5Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles 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 TABLES

Table 1: Global: Hybrid Train Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Hybrid Train Market Forecast: Breakup by Propulsion Type (in Million US$), 2023-2028
Table 3: Global: Hybrid Train Market Forecast: Breakup by Operating Speed (in Million US$), 2023-2028
Table 4: Global: Hybrid Train Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Hybrid Train Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Hybrid Train Market: Competitive Structure
Table 7: Global: Hybrid Train Market: Key Players

LIST OF FIGURES

Figure 1: Global: Hybrid Train Market: Major Drivers and Challenges
Figure 2: Global: Hybrid Train Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Hybrid Train Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Hybrid Train Market: Breakup by Propulsion Type (in %), 2022
Figure 5: Global: Hybrid Train Market: Breakup by Operating Speed (in %), 2022
Figure 6: Global: Hybrid Train Market: Breakup by Application (in %), 2022
Figure 7: Global: Hybrid Train Market: Breakup by Region (in %), 2022
Figure 8: Global: Hybrid Train (Electro-Diesel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Hybrid Train (Electro-Diesel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Hybrid Train (Battery Operated) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Hybrid Train (Battery Operated) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Hybrid Train (Hydrogen Powered) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Hybrid Train (Hydrogen Powered) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Hybrid Train (Gas Powered) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Hybrid Train (Gas Powered) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Hybrid Train (Solar Powered) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Hybrid Train (Solar Powered) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Hybrid Train (Below 100 Km/h) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Hybrid Train (Below 100 Km/h) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Hybrid Train (100-200 Km/h) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Hybrid Train (100-200 km/h) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Hybrid Train (Above 200 km/h) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Hybrid Train (Above 200 km/h) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Hybrid Train (Passenger) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Hybrid Train (Passenger) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Hybrid Train (Freight) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Hybrid Train (Freight) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Hybrid Train Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Hybrid Train Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Hybrid Train Market Forecast: Sales Value (in Million US$), 2023-2028
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


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