0
2020
Hybrid Train Market

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
Update Available On-Demand

Report Code: A07150
Pages: 250
Dec 2020 | 4964 Views
Author(s) : Saurabh D, Rutuja D , Eswara P
Tables: 123
Charts: 74
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Hybrid Train Market

Request Now !

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

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

Your browser does not support the canvas element.

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

Get more information on this report : Request Sample Pages

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

Your browser does not support the canvas element.

Passenger application is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

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

Your browser does not support the canvas element.

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

Get more information on this report : Request Sample Pages

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.

Get more information on this report : Request Sample Pages

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
 

Loading Table Of Content...


 
 

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.
 

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

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.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Hybrid Train Market

Start reading instantly.
This Report and over 19,275+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Dec 2021 - Dec 2022)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Dec 2021 - Dec 2022)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Dec 2021 - Dec 2022)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Dec 2021 - Dec 2022)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Dec 2021 - Dec 2022)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers