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Hybrid Train Market by Propulsion Type (Electro-Diesel, Battery Operated, Hydrogen Powered, Gas Powered, and Solar Powered), Application (Passenger and Freight), and Operating Speed (Less than 100 km/hr, 100-200 km/hr, and More than 200 km/hr): Global Opportunity Analysis and Industry Forecast, 2020–2027

A07150
Pages: 250
Dec 2020 | 1370 Views
 
Author(s) : Saurabh Dixit, Rutuja Danekar , Eswara Prasad
Tables: 123
Charts: 74
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Hybrid Train Market Outlook - 2027

The global hybrid train market size was valued at $16.2 billion in 2019, and is projected to reach $23.9 billion by 2027, growing at a CAGR of 6.6% from 2020 to 2027. Hybrid train are railway vehicles that run on alternate sources with electric source as the fixed one. Energy storage devices, such as batteries, supercapacitors, and flywheels, are used to store energy from regenerative braking and additional energy generated during acceleration. Therefore, hybrid train are more cost-effective and reliable solutions for transportation compared to conventional fuel trains. The infrastructure cost associated with hybrid rail system is more than diesel-powered rail system. R&D on technologies for increasing the efficiency of rail transportation system is needed to decrease the cost associated with it, which in turn, is expected to create opportunities for key players in the market.

Lockdown imposed due to the outbreak of the COVID-19 pandemic has resulted in temporary ban on the import & export and transportation activities, thereby disrupted the supply chain and hampered the hybrid train market.

Rise in government initiatives toward reducing environmental pollution is expected to drive the growth of the hybrid train market during the forecast period. In addition, hybrid train are effectively used in passenger and freight transport applications and are beneficial over conventional trains, which in turn, are expected to fuel the growth of the global market during the analyzed timeframe. Key players in this market are also encouraged due to the initiatives taken by the government in developing the hybrid train network. Therefore, the players in this market are developing new hybrid train models, which in turn, increases their presence in different countries across the globe by means of using their hybrid train solutions in their respective country’s rail network.

Hybrid-Train-Market-2020-2027

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The global hybrid train market is segmented on the basis of propulsion type, application, operating speed, and region. Based on propulsion type, it is categorized into electro-diesel, battery operated, hydrogen powered, gas powered, and solar powered. On the basis of application, it is bifurcated into passenger and freight. On the basis of operating speed, it is segmented into less than 100 km/hr, 100-200 km/hr, and more than 200 km/hr. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the hybrid train industry adopt key strategies to stay competitive in the market. Key growth strategies, such as product launches, agreement, joint venture, and partnerships, are adopted by the key players, including Alstom SA, Siemens AG, Bombardier, Inc., CRRC, Wabtec Corporation, and Stadler Rail AG.

For instance, Wabtec Corporation acquired RELCO Locomotives, a locomotive overhaul and maintenance industry player. Through this acquisition, Wabtec Corporation aimed to expand freight services capabilities and capacity to support growth in the remanufacturing and repair business. Furthermore, Bombardier, Inc. partnered with Hitachi Rail SpA. This partnership is aimed at supplying 14 very high-speed Frecciarossa-1000 trains to Italian railways and providing maintenance services for the new trains.

Hybrid Train Market, by Propulsion Type

By propulsion type, the on-grid segment held the largest market share in 2019, owing to rise in demand for electro-diesel trains from the joint electrified and non-electrified trains from the railway industry across the globe. In addition, electro-diesel locomotive offers benefits, including reliability, sustainability, reducing emissions of harmful substances, and others. These features are anticipated to increase the demand for electro-diesel hybrid train in the coming years.

Hybrid Train Market
By Propulsion Type

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Electro-Diesel Hybrid Train is projected as the most lucrative segment.

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Hybrid Train Market, by Application

On the basis of application, the passenger segment dominated the global market in 2019, in terms of share, owing to increasing importance of hybrid trains and to reducing the traffic and pollution from road transport. Moreover, rise in demand for traveling safely, reliability, connectivity, and rising urbanization are the key factors driving the passenger hybrid train market growth in the coming years.

Hybrid Train Market
By Application

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Passenger application is projected as the most lucrative segment.

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Hybrid Train Market, by Operating Speed

By operating speed, in 2019, the 100-200 km/hr segment held the largest market share, owing to increase in demand for electro-diesel trains, which generally possess operating speed in between 100-200 km/hr. In addition, other propulsion types, including hydrogen fuel cell powered, battery operated, and other hybrid trains are now mostly produced with maximum speed in the range of 100-200 km/hr, which in turn, is expected to drive the growth of the market during the analyzed time frame.

Hybrid Train Market
By Operating Speed

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100-200 km/hr is projected as the most lucrative segment.

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Hybrid Train Market, by Region

Europe registered the highest share in the hybrid train market in 2019, in terms of revenue, and is anticipated to maintain its dominance over the forecast period. This is attributed to rise in adoption of hybrid train from economies such as Germany, France, Spain, and the UK in the region. In addition, rise in urbanization and rail infrastructure construction activities in European countries is increasing the demand for hybrid train, which further drives the growth of the hybrid train market during the forecast period. Moreover, increase in government initiatives toward reducing carbon emissions is expected to fuel the market growth from 2020 to 2027.

Hybrid Train Market
By Region

2027
Europe 
North America
Asia Pacific
Lamea

Europe holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

COVID-19 impact on the market

Lockdown imposed due to the outbreak of the COVID-19 pandemic has resulted in temporary ban on the import & export and transportation activities, thereby disrupting the supply chain and hampering the market growth in the second, third, and fourth quarter of 2020. However, the market is expected to recover either later this year or by the first quarter of 2021 as the demand for hybrid train from the transport and railway industry increases. 

Key Benefits For Stakeholders

  • The report includes in-depth hybrid train market analysis of different segments and provides estimations between 2020 and 2027.
  • A comprehensive analysis of the factors that drive and restrict the growth of the global hybrid train market is provided.
  • Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the global hybrid train market players to adopt effective strategies.
  • Estimations and forecast are based on factors impacting the global market growth, in terms of value.
  • Key market players are profiled to gain an understanding of the strategies adopted by them.
  • This report provides a detailed analysis of the current global hybrid train market trends and future estimations from 2020 to 2027, which helps identify the prevailing market opportunities.

Key Market Segments

By Propulsion Type

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

By Application

  • Passenger
  • Freight

By Operating Speed

  • Less than 100 km/hr
  • 100-200 km/hr
  • More than 200 km/hr

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping the market
3.3.Top investment pockets
3.4.Patent analysis

3.4.1.By Region (2013-2019)

3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Advantages associated with Hybrid Trains over Conventional Trains
3.5.1.2.Rise in awareness and strignet government regulations towards increasing environmental pollution

3.5.2.Restraints

3.5.2.1.Rising cost towards development of hybrid Trains and its infrastructure

3.5.3.Opportunities

3.5.3.1.Government Initiative and investment towards alternative fuel powered hybrid trains
3.5.3.2.Fluctuating fuel prices, traffic congestion, and carbon emissions

3.6.Impact of CORONA (COVID-19) outbreak on the market

CHAPTER 4:GLOBAL HYBRID TRAIN MARKET, BY PROPULSION TYPE

4.1.Overview

4.1.1.Market size and forecast, by propulsion type

4.2.Electro-Diesel

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country

4.3.Battery Operated

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country

4.4.Hydrogen Powered

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market share analysis, by country

4.5.Gas-Powered

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market share analysis, by country

4.6.Solar Powered

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by region
4.6.3.Market share analysis, by country

CHAPTER 5:GLOBAL HYBRID TRAIN MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast, by application

5.2.Passenger

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country

5.3.Freight

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country

CHAPTER 6:GLOBAL HYBRID TRAIN MARKET, BY OPERATING SPEED

6.1.Overview

6.1.1.Market size and forecast, by operating speed

6.2.Less than 100 km/hr

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market share analysis, by country

6.3.100-200 km/hr

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market share analysis, by country

6.4.More than 200 km/hr

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market share analysis, by country

CHAPTER 7:HYBRID TRAIN MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast, by region

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by propulsion type
7.2.3.Market size and forecast, by application
7.2.4.Market size and forecast, by operating speed
7.2.5.Market size and forecast, by country
7.2.6.The U.S.

7.2.6.1.Market size and forecast, by propulsion type
7.2.6.2.Market size and forecast, by application
7.2.6.3.Market size and forecast, by operating speed

7.2.7.Canada

7.2.7.1.Market size and forecast, by propulsion type
7.2.7.2.Market size and forecast, by application
7.2.7.3.Market size and forecast, by operating speed

7.2.8.Mexico

7.2.8.1.Market size and forecast, by propulsion type
7.2.8.2.Market size and forecast, by application
7.2.8.3.Market size and forecast, by operating speed

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by propulsion type
7.3.3.Market size and forecast, by application
7.3.4.Market size and forecast, by operating speed
7.3.5.Market size and forecast, by country
7.3.6.Germany

7.3.6.1.Market size and forecast, by propulsion type
7.3.6.2.Market size and forecast, by application
7.3.6.3.Market size and forecast, by operating speed

7.3.7.France

7.3.7.1.Market size and forecast, by propulsion type
7.3.7.2.Market size and forecast, by application
7.3.7.3.Market size and forecast, by operating speed

7.3.8.UK

7.3.8.1.Market size and forecast, by propulsion type
7.3.8.2.Market size and forecast, by application
7.3.8.3.Market size and forecast, by operating speed

7.3.9.Spain

7.3.9.1.Market size and forecast, by propulsion type
7.3.9.2.Market size and forecast, by application
7.3.9.3.Market size and forecast, by operating speed

7.3.10.Italy

7.3.10.1.Market size and forecast, by propulsion type
7.3.10.2.Market size and forecast, by application
7.3.10.3.Market size and forecast, by operating speed

7.3.11.Rest of Europe

7.3.11.1.Market size and forecast, by propulsion type
7.3.11.2.Market size and forecast, by application
7.3.11.3.Market size and forecast, by operating speed

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by propulsion type
7.4.3.Market size and forecast, by application
7.4.4.Market size and forecast, by operating speed
7.4.5.Market size and forecast, by country
7.4.6.China

7.4.6.1.Market size and forecast, by propulsion type
7.4.6.2.Market size and forecast, by application
7.4.6.3.Market size and forecast, by operating speed

7.4.7.Japan

7.4.7.1.Market size and forecast, by propulsion type
7.4.7.2.Market size and forecast, by application
7.4.7.3.Market size and forecast, by operating speed

7.4.8.India

7.4.8.1.Market size and forecast, by propulsion type
7.4.8.2.Market size and forecast, by application
7.4.8.3.Market size and forecast, by operating speed

7.4.9.Australia

7.4.9.1.Market size and forecast, by propulsion type
7.4.9.2.Market size and forecast, by application
7.4.9.3.Market size and forecast, by operating speed

7.4.10.South Korea

7.4.10.1.Market size and forecast, by propulsion type
7.4.10.2.Market size and forecast, by application
7.4.10.3.Market size and forecast, by operating speed

7.4.11.Rest of Asia-Pacific

7.4.11.1.Market size and forecast, by propulsion type
7.4.11.2.Market size and forecast, by application
7.4.11.3.Market size and forecast, by operating speed

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by propulsion type
7.5.3.Market size and forecast, by application
7.5.4.Market size and forecast, by operating speed
7.5.5.Market size and forecast, by country
7.5.6.Brazil

7.5.6.1.Market size and forecast, by propulsion type
7.5.6.2.Market size and forecast, by application
7.5.6.3.Market size and forecast, by operating speed

7.5.7.Saudi Arabia

7.5.7.1.Market size and forecast, by propulsion type
7.5.7.2.Market size and forecast, by application
7.5.7.3.Market size and forecast, by operating speed

7.5.8.South Africa

7.5.8.1.Market size and forecast, by propulsion type
7.5.8.2.Market size and forecast, by application
7.5.8.3.Market size and forecast, by operating speed

7.5.9.Rest of LAMEA

7.5.9.1.Market size and forecast, by propulsion type
7.5.9.2.Market size and forecast, by application
7.5.9.3.Market size and forecast, by operating speed

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.Introduction

8.1.1.Market player positioning, 2019

8.2.Top winning strategies

8.2.1.Top winning strategies, by year
8.2.2.Top winning strategies, by development
8.2.3.Top winning strategies, by company

8.3.Product mapping of top 10 player
8.4.Competitive heatmap
8.5.Key developments

8.5.1.New product launches
8.5.2.Acquisition
8.5.3.Partnership
8.5.4.Agreements
8.5.5.Joint Venture

CHAPTER 9:COMPANY PROFILES

9.1.ALSTOM SA

9.1.1.Company overview
9.1.2.Company snapshot
9.1.3.Product portfolio
9.1.4.Business performance
9.1.5.Key strategic moves and developments

9.2.BALLARD POWER SYSTEMS, INC.

9.2.1.Company overview
9.2.2.Company snapshot
9.2.3.Product portfolio
9.2.4.Business performance

9.3.Bombardier, Inc.

9.3.1.Company overview
9.3.2.Company snapshot
9.3.3.Operating business segments
9.3.4.Product portfolio
9.3.5.Business performance
9.3.6.Key strategic moves and developments

9.4.China Railway Rolling Stock Corporation

9.4.1.Company overview
9.4.2.Company snapshot
9.4.3.Product portfolio
9.4.4.Business performance
9.4.5.Key strategic moves and developments

9.5.Hyundai Rotem Company

9.5.1.Company overview
9.5.2.Company snapshot
9.5.3.Product portfolio
9.5.4.Business performance

9.6.Kawasaki Heavy Industries, Ltd.

9.6.1.Company overview
9.6.2.Company snapshot
9.6.3.Operating business segments
9.6.4.Product portfolio
9.6.5.Business performance

9.7.SIEMENS AG

9.7.1.Company overview
9.7.2.Company snapshot
9.7.3.Operating business segments
9.7.4.Product portfolio
9.7.5.Business performance
9.7.6.Key strategic moves and developments

9.8.Stadler Rail AG

9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Operating business segments
9.8.4.Product portfolio
9.8.5.Business performance
9.8.6.Key strategic moves and developments

9.9.TOSHIBA CORPORATION

9.9.1.Company overview
9.9.2.Company snapshot
9.9.3.Operating business segments
9.9.4.Product portfolio
9.9.5.Business performance

9.10.Wabtec Corporation

9.10.1.Company overview
9.10.2.Company snapshot
9.10.3.Operating business segments
9.10.4.Product portfolio
9.10.5.Business performance
9.10.6.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027 ($MILLION)
TABLE 02.HYBRID TRAIN MARKET FOR ELECTRO-DIESEL HYBRID TAIN, BY REGION, 2019–2027 ($MILLION)
TABLE 03.HYBRID TRAIN MARKET FOR BATTERY OPERATED HYBRID TAIN, BY REGION, 2019–2027 ($MILLION)
TABLE 04.HYBRID TRAIN MARKET FOR HYDROGEN POWERED HYBRID TAIN, BY REGION, 2019–2027 ($MILLION)
TABLE 05.HYBRID TRAIN MARKET FOR GAS-POWERED HYBRID TAIN, BY REGION, 2019–2027 ($MILLION)
TABLE 06.HYBRID TRAIN MARKET FOR SOLAR POWERED HYBRID TAIN, BY REGION, 2019–2027 ($MILLION)
TABLE 07.GLOBAL HYBRID TRAIN MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 08.GLOBAL HYBRID TRAIN MARKET FOR PASSENGER, BY REGION, 2019–2027 ($MILLION)
TABLE 09.HYBRID TRAIN MARKET FOR FREIGHT APPLICATION, BY REGION, 2019–2027 ($MILLION)
TABLE 10.GLOBAL HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 11.HYBRID TRAIN MARKET FOR LESS THAN 100 KM/HR, BY REGION, 2019–2027 ($MILLION)
TABLE 12.HYBRID TRAIN MARKET FOR 100-200 KM/HR, BY REGION, 2019–2027 ($MILLION)
TABLE 13.HYBRID TRAIN MARKET FOR MORE THAN 200 KM/HR, BY REGION, 2019–2027 ($MILLION)
TABLE 14.HYBRID TRAIN MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 15.NORTH AMERICA HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027 ($MILLION)
TABLE 16.NORTH AMERICA HYBRID TRAIN MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 17.NORTH AMERICA HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 18.NORTH AMERICA HYBRID TRAIN MARKET, BY COUNTRY 2019–2027($MILLION)
TABLE 19.THE U.S. HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 20.THE U.S. HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 21.THE U.S. HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 22.CANADA HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 23.CANADA HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 24.CANADA HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 25.MEXICO HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 26.MEXICO HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 27.MEXICO HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 28.EUROPE HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027 ($MILLION)
TABLE 29.EUROPE HYBRID TRAIN MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 30.EUROPE HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 31.EUROPE HYBRID TRAIN MARKET, BY COUNTRY 2019–2027 ($MILLION)
TABLE 32.GERMANY HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 33.GERMANY HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 34.GERMANY HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 35.FRANCE HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 36.FRANCE HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 37.FRANCE HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 38.UK HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 39.UK HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 40.UK HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 41.SPAIN HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 42.SPAIN HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 43.SPAIN HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 44.ITALY HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 45.ITALY HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 46.ITALY HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 47.REST OF EUROPE HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 48.REST OF EUROPE HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 49.REST OF EUROPE HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 50.ASIA-PACIFIC HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027 ($MILLION)
TABLE 51.ASIA-PACIFIC HYBRID TRAIN MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 52.ASIA-PACIFIC HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 53.ASIA-PACIFIC HYBRID TRAIN MARKET, BY COUNTRY 2019–2027 ($MILLION)
TABLE 54.CHINA HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 55.CHINA HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 56.CHINA HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 57.JAPAN HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 58.JAPAN HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 59.JAPAN HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 60.INDIA HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 61.INDIA HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 62.INDIA HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 63.AUSTRALIA HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 64.AUSTRALIA HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 65.AUSTRALIA HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 66.SOUTH KOREA HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 67.SOUTH KOREA HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 68.SOUTH KOREA HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 69.REST OF ASIA-PACIFIC HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 70.REST OF ASIA-PACIFIC HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 71.REST OF ASIA-PACIFIC HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 72.LAMEA HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027 ($MILLION)
TABLE 73.LAMEA HYBRID TRAIN MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 74.LAMEA HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 75.LAMEA HYBRID TRAIN MARKET, BY COUNTRY 2019–2027 ($MILLION)
TABLE 76.BRAZIL HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 77.BRAZIL HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 78.BRAZIL HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 79.SAUDI ARABIA HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 80.SAUDI ARABIA HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 81.SAUDI ARABIA HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 82.SOUTH AFRICA HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 83.SOUTH AFRICA HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 84.SOUTH AFRICA HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 85.REST OF LAMEA HYBRID TRAIN MARKET, BY PROPULSION TYPE 2019–2027($MILLION)
TABLE 86.REST OF LAMEA HYBRID TRAIN MARKET, BY APPLICATION 2019–2027($MILLION)
TABLE 87.REST OF LAMEA HYBRID TRAIN MARKET, BY OPERATING SPEED 2019–2027 ($MILLION)
TABLE 88.KEY NEW PRODUCT LAUNCHES (2017-2020)
TABLE 89.KEY ACQUISITION (2017-2020)
TABLE 90.KEY PARTNERSHIP (2017-2020)
TABLE 91.KEY AGREEMENTS (2017-2020)
TABLE 92.KEY JOINT VENTURE (2017-2020)
TABLE 93.ALSTOM SA: COMPANY SNAPSHOT
TABLE 94.ALSTOM SA: PRODUCT PORTFOLIO
TABLE 95.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 96.ALSTOM SA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 97.BALLARD POWER SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 98.BALLARD POWER SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 99.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 100.BOMBARDIER, INC.: COMPANY SNAPSHOT
TABLE 101.BOMBARDIER, INC.: OPERATING SEGMENTS
TABLE 102.BOMBARDIER, INC.: PRODUCT PORTFOLIO
TABLE 103.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 104.BOMBARDIER, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 105.CRRC: COMPANY SNAPSHOT
TABLE 106.CRRC: PRODUCT PORTFOLIO
TABLE 107.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 108.CRRC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 109.HYUNDAI ROTEM COMPANY: COMPANY SNAPSHOT
TABLE 110.HYUNDAI ROTEM COMPANY: PRODUCT PORTFOLIO
TABLE 111.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 112.KAWASAKI: COMPANY SNAPSHOT
TABLE 113.KAWASAKI.: OPERATING SEGMENTS
TABLE 114.KAWASAKI: PRODUCT PORTFOLIO
TABLE 115.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 116.SIEMENS AG: COMPANY SNAPSHOT
TABLE 117.SIEMENS AG: OPERATING SEGMENTS
TABLE 118.SIEMENS AG: PRODUCT PORTFOLIO
TABLE 119.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 120.SIEMENS AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 121.STADLER: COMPANY SNAPSHOT
TABLE 122.STADLER: OPERATING SEGMENTS
TABLE 123.STADLER: PRODUCT PORTFOLIO
TABLE 124.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 125.STADLER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 126.TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 127.TOSHIBA CORPORATION: OPERATING SEGMENTS
TABLE 128.TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 129.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 130.WABTEC CORPORATION: COMPANY SNAPSHOT
TABLE 131.WABTEC CORPORATION: OPERATING SEGMENTS
TABLE 132.WABTEC CORPORATION: PRODUCT PORTFOLIO
TABLE 133.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 134.WABTEC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 03.MODERATE THREAT OF NEW ENTRANTS
FIGURE 04.HIGH THREAT OF SUBSTITUTES
FIGURE 05.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 06.LOW BARGAINING POWER OF BUYERS
FIGURE 07.VALUE CHAIN ANALYSIS
FIGURE 08.TOP INVESTMENT POCKETS
FIGURE 09.PATENT ANALYSIS, BY REGION
FIGURE 10.HYBRID TRAIN MARKET DYNAMICS
FIGURE 11.GLOBAL HYBRID TRAIN MARKET REVENUE, BY PROPULSION TYPE ($MILLION)
FIGURE 12.COMPARATIVE ANALYSIS OF ELECTRO-DIESEL HYBRID TRAIN MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 13.COMPARATIVE ANALYSIS OF BATTERY-OPERATED HYBRID TRAIN MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 14.COMPARATIVE ANALYSIS OF HYDROGEN POWERED HYBRID TRAIN MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 15.COMPARATIVE ANALYSIS OF GAS-POWERED HYBRID TRAIN MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 16.COMPARATIVE ANALYSIS OF SOLAR POWERED HYBRID TRAIN MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 17.GLOBAL HYBRID TRAIN MARKET REVENUE, BY APPLICATION ($MILLION)
FIGURE 18.COMPARATIVE ANALYSIS OF HYBRID TRAIN MARKET FOR PASSENGER APPLICATION, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 19.COMPARATIVE ANALYSIS OF HYBRID TRAIN MARKET FOR FREIIGHT APPLICATION, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 20.GLOBAL HYBRID TRAIN MARKET REVENUE, BY OPERATING SPEED ($MILLION)
FIGURE 21.COMPARATIVE ANALYSIS FOR LESS THAN 100 KM/HR HYBRID TRAIN MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 22.COMPARATIVE ANALYSIS FOR 100-200 KM/HR HYBRID TRAIN MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 23.COMPARATIVE ANALYSIS OF MORE THAN 200 KM/HR HYBRID TRAIN MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 24.THE U.S. HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 25.CANADA HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 26.MEXICO HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 27.GERMANY HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 28.FRANCE HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 29.UK HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 30.SPAIN HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 31.ITALY HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 32.REST OF EUROPE HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 33.CHINA HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 34.JAPAN HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 35.INDIA HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 36.AUSTRALIA HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 37.SOUTH KOREA HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 38.REST OF ASIA-PACIFIC HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 39.BRAZIL HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 40.SAUDI ARABIA HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 41.SOUTH AFRICA HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 42.REST OF LAMEA HYBRID TRAIN MARKET REVENUE (2019-2027) ($MILLION)
FIGURE 43.MARKET PLAYER POSITIONING, 2019
FIGURE 44.TOP WINNING STRATEGIES, BY YEAR, 2016–2020
FIGURE 45.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2020 (%)
FIGURE 46.TOP WINNING STRATEGIES, BY COMPANY, 2016–2020
FIGURE 47.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 48.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 49.ALSTOM SA: NET SALES, 2017–2019 ($MILLION)
FIGURE 50.ALSTOM SA: REVENUE SHARE BY PRODUCTS, 2019 (%)
FIGURE 51.ALSTOM SA: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 52.BALLARD POWER SYSTEMS, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 53.BALLARD POWER SYSTEMS, INC.: REVENUE SHARE BY PRODUCT, 2019 (%)
FIGURE 54.BOMBARDIER, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 55.BOMBARDIER, INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 56.BOMBARDIER, INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 57.CRRC: REVENUE, 2017–2019 ($MILLION)
FIGURE 58.CRRC: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 59.CRRC: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 60.HYUNDAI ROTEM COMPANY: REVENUE, 2017–2019 ($MILLION)
FIGURE 61.KAWASAKI: REVENUE, 2017–2019 ($MILLION)
FIGURE 62.KAWASAKI: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 63.SIEMENS AG: NET SALES, 2017–2019 ($MILLION)
FIGURE 64.SIEMENS AG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 65.SIEMENS AG: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 66.STADLER: REVENUE, 2017–2019 ($MILLION)
FIGURE 67.STADLER: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 68.STADLER: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 69.TOSHIBA CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 70.TOSHIBA CORPORATION: REVENUE SHARE BY PRODUCTS, 2019 (%)
FIGURE 71.TOSHIBA CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 72.WABTEC CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 73.WABTEC CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 74.WABTEC CORPORATION: REVENUE SHARE BY REGION, 2019 (%)

 
 

Rapid urbanization is the key factor attributed to the leading position of Asia-Pacific in the global hybrid train market growth. The Asia-Pacific region is further expected to provide lucrative opportunities to the leading hybrid train manufacturers, owing to its huge potential to set up manufacturing plants and surge in demand for hybrid trains from the railway industry in the region.

Rapid growth in adoption of hybrid trains to reduce environmental concerns regarding pollution is the key factor driving the growth of the market. In addition, rise in demand for electro-diesel locomotive for passenger and freight applications, owing to its advantages over conventional ones is expected to fuel the market growth in the coming years. Moreover, rise in demand for different fuel options, such as hydrogen fuel cells, solar-powered, battery-operated, gas-powered, and others, to run hybrid trains is expected to create lucrative opportunities for the market during the forecast period.

The renowned global market leaders, such as Alstom SA, Siemens AG, CRRC, Stadler Rail AG, and Bombardier, Inc., are adopting various key growth strategies to strengthen their market position. Furthermore, these companies are focused on product launch, agreement, partnership, and acquisition to cater to the increase in demand for hybrid trains.

Among the analyzed regions, Asia-Pacific is likely to account for the highest revenue growth rate in the hybrid train market over the forecast period, followed by Europe and North America.
 

 
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FREQUENTLY ASKED QUESTIONS?
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A. Increase in government initiatives towards reducing environmental pollution and benefits of hybrid trains over conventional trains are the key factors boosting the hybrid train market.

A. Passenger & freight applications are expected to drive the adoption of hybrid trains.

A. To get latest version of hybrid trains market report can be obtained on demand from the website.

A. On the basis of propulsion type, electro-diesel segment will drive the hybrid train market growth during the forecast period. On the basis of application, passenger segment will drive the growth of the hybrid train market. On the basis of operating speed, 100-200 km/hr hybrid trains will propel the growth of the market.

A. Rise in demand for environmentally friendly and energy efficient trains for the passenger and freight transport is the main driver of hybrid trains market.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. Top players in the hybrid train market are Alstom SA, Ballard Power Systems, Inc., Bombardier, Inc., China Railway Rolling Stock Corporation (CRRC), Hyundai Rotem Company, Kawasaki Heavy Industries, Ltd., Siemens AG, Stadler Rail AG, Toshiba Corporation, and Wabtec Corporation.

A. In terms of revenue, the global hybrid train market was valued at $16.2 billion in 2019 and is expected to reach $23.9 billion by 2027.

A. On the basis of propulsion type, electro-diesel propulsion is expected to fuel the growth of the hybrid train market during the forecast period.

A. Lockdown imposed due to the outbreak of the COVID-19 pandemic has resulted in temporary ban on the import & export, and transportation activities, thereby disrupting the supply chain and hampering the hybrid train market growth in the second, third, and fourth quarter of 2020. However, the market is expected to recover in the late year or by the first quarter of 2021 as the demand for hybrid train from the transport and railway industry increases.

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