Global Hybrid Train Market Overview
A hybrid train is a train that uses an onboard rechargeable energy storage system (RESS), placed between the power source (often a diesel engine prime mover) and the traction transmission system connected to the wheels. Some hybrids are also able to convert mechanical motion into stored energy. The means of converting energy between storage and mechanical motion is through the use of one or more motors/generators for e.g., electric, pneumatic, hydraulic, thereby achieving reduced fuel consumption. The global hybrid train market accounted for US$ XX billion in 2019 and is estimated to be US$ XX billion by 2029 and is anticipated to register a CAGR of XX%.
COVID-19 Impact on the Market:
With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. Both the production and sales of new rail vehicles have come to a halt across the globe, OEMs had to wait until lockdowns were lifted to resume production and the component manufacturing is also suspended, as well as the small Tier II and Tier III manufacturers could face liquidity issues. In addition, even after the pandemic, the demand for new trains will be significantly low, as people will avoid public transport, preferring private vehicles to avoid crowds. Thus, the production suspension during the outbreak and lower demand post the pandemic will have an unprecedented impact on hybrid train providers.
Global Hybrid Train Market Dynamics
Pollution has become a huge problem today and so the government is trying every possible way to control it for which there are various rule and new adaptations worldwide. Old trains caused huge emission causing more pollution due which the governments in several countries has compelled train manufacturers to adopt less pollution-causing trains. This led to the adoption of the ecofriendly hybrid trains, thereby boosting the global hybrid train market.
Increased government funding’s
Metropolitan regions face huge traffic and increased demand for public transport. Government bodies are expected to invest heavily in developing support infrastructure and improving existing infrastructure to accommodate this demand. These investments result in new orders for trains thus, driving the global hybrid train market.
Restraint:
High development cost and complexities involved in hybrid train technologies and related infrastructure
Hybrid trains are the new advance technology, although these are less polluting, their supporting infrastructure are highly capital-intensive. Moreover, the price increases with the degree of hybridization. This could therefore be a factor for restraining the global hybrid train market.
Global Hybrid Train Market Segmentation
The global hybrid train market is segmented based on the propulsion type, application, operating speed, and region.
Depending upon the propulsion type, the global hybrid train market is categorized into the electro diesel, battery operated, hydrogen, CNG, LNG, and solar. In terms of application, the worldwide industry is categorized into passenger and freight. Based on the application, the target market is segmented into ridge augmentation, socket preservation, periodontal defect regeneration, implant bone regeneration, sinus lift, and others. Based on the operating speed, the target market is segmented into >100 km/h, 100-200 km/h, and <200 km/h.
Regional Insights:
Regionally, the overall industry is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific dominates the hybrid train market due to several ongoing projects to launch the hybrid trains and the demand for greener trains, implementation of new technologies and the establishment of new government regulations are driving this market in this region. For instance, Indian Railways fitted solar panels on the rooftop of Diesel Electric Multiple Unit (DEMU) trains with a capacity of 4.5 kilowatt to cater to hotel load. Additionally, the blending of high-speed diesel with 5% biodiesel for railway locomotives has started. These railway vehicles have also started pilot projects, involving running DEMU trains with compressed natural gas (CNG) over 18 trains.
Report Scope:
|
Attribute |
Details |
|
The base year for estimation |
2019 |
|
Forecast period |
2019 – 2029 |
|
Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
|
Market Segmentation |
By Propulsion Type - Electro Diesel, Battery Operated, Hydrogen, CNG, LNG, and Solar By Application - Passenger and Freight By Operating Speed - >100 km/h, 100-200 km/h, <200 km/h |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global hybrid train market report based on propulsion type, application, operating speed, and region.
Global Hybrid Train Market, By Propulsion Type:
- Electro Diesel
- Battery Operated
- Hydrogen
- CNG
- LNG
- Solar
Global Hybrid Train Market, By Application:
- Passenger
- Freight
Global Hybrid Train Market, By Operating Speed:
- >100 km/h
- 100-200 km/h
- <200 km/h
Global Hybrid Train Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Global Hybrid Train Market Key Players
The key players operating in the global dental membrane and bone graft substitute market include CRRC, Bombardier, Alstom, Siemens, Wabtec Corporation (Ge Transportation), Hyundai Rotem, Hitachi, Construcciones Y Auxiliar De Ferrocarriles (CAF), Toshiba and Cummins. Companies are increasing their investments in new technologies. For instance, in July 2020, Hitachi Rail and Hyperdrive Innovation signed an exclusive agreement to develop battery packs to power zero-emission trains and create a battery hub in the North East of the UK. Further, in March 2020, Siemens Mobility received the first order for battery-powered trains. SFBW ordered 20 Mireo Plus B trains from Siemens Mobility.
Global Hybrid Train Market Company Profile
- CRRC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Bombardier
- Alstom
- Siemens
- Wabtec Corporation (Ge Transportation)
- Hyundai Rotem
- Hitachi
- Construcciones Y Auxiliar De Ferrocarriles (CAF)
- Toshiba
- Cummins
“*” marked represents similar segmentation in other categories in the respective section
Global Hybrid Train Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Hybrid Train Strategies
- Key Questions this Study will Answer
- Market Snippet, By Propulsion Type
- Market Snippet, By Application
- Market Snippet, By Operating Speed
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Hybrid Train Market, By Propulsion Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Electro Diesel
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Battery Operated
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Hydrogen
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- CNG
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- LNG
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Solar
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Hybrid Train Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Passenger
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Freight
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Hybrid Train Market, By Operating Speed, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- >100 km/h
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- 100-200 km/h
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- <200 km/h
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Hybrid Train Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Propulsion Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Operating Speed, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Propulsion Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Operating Speed, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Propulsion Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Operating Speed, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Propulsion Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Operating Speed, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Propulsion Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Operating Speed, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- CRRC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Bombardier
- Alstom
- Siemens
- Wabtec Corporation (Ge Transportation)
- Hyundai Rotem
- Hitachi
- Construcciones Y Auxiliar De Ferrocarriles (CAF)
- Toshiba
- Cummins
- The Last Word
- Future Impact
- About Us
- Contact
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Global Hybrid Train Market: Type Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Type
TABLE Global Hybrid Train Market, by Type 2019-2029 (USD Million)
TABLE Global Hybrid Train Market: Application Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Hybrid Train Market, by Application 2019-2029 (USD Million)
TABLE Global Hybrid Train Market: Operation Speed Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Operation Speed
TABLE Global Hybrid Train Market, by Operation Speed 2019-2029 (USD Million)
TABLE Global Hybrid Train Market: Regional snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Hybrid Train Market, by Region 2019-2029 (USD Million)
TABLE North America Hybrid Train Market, by Country, 2019-2029 (USD Million)
TABLE North America Hybrid Train Market, by Type, 2019-2029 (USD Million)
TABLE North America Hybrid Train Market, by Application, 2019-2029 (USD Million)
TABLE North America Hybrid Train Market, by Operation Speed, 2019-2029 (USD Million)
TABLE Europe Hybrid Train Market, by Country, 2019-2029 (USD Million)
TABLE Europe Hybrid Train Market, by Type, 2019-2029 (USD Million)
TABLE Europe Hybrid Train Market, by Application, 2019-2029 (USD Million)
TABLE Europe Hybrid Train Market, by Operation Speed, 2019-2029 (USD Million)
TABLE Asia Pacific Hybrid Train Market, by Country, 2019-2029 (USD Million)
TABLE Asia Pacific Hybrid Train Market, by Type, 2019-2029 (USD Million)
TABLE Asia Pacific Hybrid Train Market, by Application, 2019-2029 (USD Million)
TABLE Asia Pacific Hybrid Train Market, by Operation Speed, 2019-2029 (USD Million)
TABLE Latin America Hybrid Train Market, by Country, 2019-2029 (USD Million)
TABLE Latin America Hybrid Train Market, by Type, 2019-2029 (USD Million)
TABLE Latin America Hybrid Train Market, by Application, 2019-2029 (USD Million)
TABLE Latin America Hybrid Train Market, by Operation Speed, 2019-2029 (USD Million)
TABLE Middle East and Africa Hybrid Train Market, by Country, 2019-2029 (USD Million)
TABLE Middle East and Africa Hybrid Train Market, by Type, 2019-2029 (USD Million)
TABLE Middle East and Africa Hybrid Train Market, by Application, 2019-2029 (USD Million)
TABLE Middle East and Africa Hybrid Train Market, by Operation Speed, 2019-2029 (USD Million)
List of Figures
FIGURE Hybrid Train Market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE COVID-19 Impact Analysis
FIGURE Pre & Post COVID-19 Impact Comparison Study
FIGURE Competitive Landscape; Key company market share analysis, 2019
FIGURE Type segment market share analysis, 2019 & 2029
FIGURE Type segment market size forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Application segment market share analysis, 2019 & 2029
FIGURE Application segment market size forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Operation Speed segment market share analysis, 2019 & 2029
FIGURE Operation Speed segment market size forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Regional segment market share analysis, 2019 & 2029
FIGURE Regional segment market size forecast and trend analysis, 2019-2029 (USD Million)
FIGURE North America Hybrid Train Market share and leading players, 2019
FIGURE Europe Hybrid Train Market share and leading players, 2019
FIGURE Asia Pacific Hybrid Train Market share and leading players, 2019
FIGURE Latin America Hybrid Train Market share and leading players, 2019
FIGURE Middle East and Africa Hybrid Train Market share and leading players, 2019
FIGURE North America market share analysis by country, 2019
FIGURE U.S. Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Canada Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Europe Hybrid Train Market share analysis by country, 2019
FIGURE Germany Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Spain Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Italy Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE UK Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE France Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Rest of the Europe Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Asia Pacific Hybrid Train Market share analysis by country, 2019
FIGURE India Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE China Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Japan Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE South Korea Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Rest of APAC Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Latin America Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Latin America Hybrid Train Market share analysis by country, 2019
FIGURE Brazil Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Mexico Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Argentina Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Rest of LATAM Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Middle East and Africa Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Middle East and Africa Hybrid Train Market share analysis by country, 2019
FIGURE Saudi Arabia Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE United Arab Emirates Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FIGURE Rest of Middle East and Africa Hybrid Train Market size, forecast and trend analysis, 2019-2029 (USD Million)
FAQs
The Hybrid Train Market is segmented into Propulsion Type, Application and Region.
Increasing focus on sustainable transportation, government initiatives for reducing emissions, advancements in hybrid train technology, and the need for fuel-efficient rail systems.
High initial costs, infrastructure challenges for hybrid trains, potential technology integration issues, and competition from alternative modes of transportation.
North America, Europe, Asia-Pacific, Latin America. Europe is expected to dominate due to extensive rail networks and environmental regulations, particularly in countries like Germany and France. Asia-Pacific and North America are also significant markets.
The key players operating the target market includes CRRC, Bombardier, Alstom, Siemens, Wabtec Corporation (Ge Transportation), Hyundai Rotem, Hitachi, Construcciones Y Auxiliar De Ferrocarriles (CAF), Toshiba and Cummins.