Please Wait.....
Report
Hybrid Train Market Report by Propulsion Type (Electro-Diesel, Battery Operated, Hydrogen Powered, Gas Powered, Solar Powered), Operating Speed (Below 100 Km/h, 100-200 Km/h, Above 200 Km/h), Application (Passenger, Freight), and Region 2024-2032
Market Report I 2024-07-01 I 135 Pages I IMARC Group
The global hybrid train market size reached US$ 15.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.42% during 2024-2032.
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 2024-2032. 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
2.1 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
Figure 1: Global: Hybrid Train Market: Major Drivers and Challenges
Figure 2: Global: Hybrid Train Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Hybrid Train Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Hybrid Train Market: Breakup by Propulsion Type (in %), 2023
Figure 5: Global: Hybrid Train Market: Breakup by Operating Speed (in %), 2023
Figure 6: Global: Hybrid Train Market: Breakup by Application (in %), 2023
Figure 7: Global: Hybrid Train Market: Breakup by Region (in %), 2023
Figure 8: Global: Hybrid Train (Electro-Diesel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Hybrid Train (Electro-Diesel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Hybrid Train (Battery Operated) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Hybrid Train (Battery Operated) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Hybrid Train (Hydrogen Powered) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Hybrid Train (Hydrogen Powered) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Hybrid Train (Gas Powered) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Hybrid Train (Gas Powered) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Hybrid Train (Solar Powered) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Hybrid Train (Solar Powered) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Hybrid Train (Below 100 Km/h) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Hybrid Train (Below 100 Km/h) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Hybrid Train (100-200 Km/h) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Hybrid Train (100-200 km/h) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Hybrid Train (Above 200 km/h) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Hybrid Train (Above 200 km/h) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Hybrid Train (Passenger) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Hybrid Train (Passenger) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Hybrid Train (Freight) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Hybrid Train (Freight) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: North America: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: North America: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: United States: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: United States: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Canada: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Canada: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Asia-Pacific: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Asia-Pacific: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: China: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: China: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Japan: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Japan: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: India: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: India: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: South Korea: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: South Korea: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Australia: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Australia: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Indonesia: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Indonesia: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Others: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Others: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Europe: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Europe: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Germany: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Germany: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: France: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: France: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: United Kingdom: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: United Kingdom: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Italy: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Italy: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Spain: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Spain: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Russia: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Russia: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Others: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Others: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Latin America: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Latin America: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Brazil: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Brazil: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Mexico: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Mexico: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Others: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Others: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Middle East and Africa: Hybrid Train Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Middle East and Africa: Hybrid Train Market: Breakup by Country (in %), 2023
Figure 76: Middle East and Africa: Hybrid Train Market Forecast: Sales Value (in Million US$), 2024-2032
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
Table 1: Global: Hybrid Train Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Hybrid Train Market Forecast: Breakup by Propulsion Type (in Million US$), 2024-2032
Table 3: Global: Hybrid Train Market Forecast: Breakup by Operating Speed (in Million US$), 2024-2032
Table 4: Global: Hybrid Train Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Hybrid Train Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Hybrid Train Market: Competitive Structure
Table 7: Global: Hybrid Train Market: Key Players
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security