Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC | PRODUCT CODE: 1722704
PUBLISHER: IMARC | PRODUCT CODE: 1722704
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 2025-2033
PUBLISHED:
PAGES: 148 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
The global hybrid train market size reached USD 15.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 23.4 Billion by 2033, exhibiting a growth rate (CAGR) of 4.2% during 2025-2033. The rising environmental regulations, expanding railway infrastructure, ongoing technological advancements, and the increasing focus on noise reduction are primarily driving the market's growth.
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:
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
- 1.How big is the hybrid train market?
- 2.What is the future outlook of hybrid train market?
- 3.What are the key factors driving the hybrid train market?
- 4.Which region accounts for the largest hybrid train market share?
- 5.Which are the leading companies in the global hybrid train market?
Product Code: SR112025A5743
Table of Contents
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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
- 14.3.1 Alstom SA
Product Code: SR112025A5743
List of Figures
- Figure 1: Global: Hybrid Train Market: Major Drivers and Challenges
- Figure 2: Global: Hybrid Train Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Hybrid Train Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Hybrid Train Market: Breakup by Propulsion Type (in %), 2024
- Figure 5: Global: Hybrid Train Market: Breakup by Operating Speed (in %), 2024
- Figure 6: Global: Hybrid Train Market: Breakup by Application (in %), 2024
- Figure 7: Global: Hybrid Train Market: Breakup by Region (in %), 2024
- Figure 8: Global: Hybrid Train (Electro-Diesel) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: Global: Hybrid Train (Electro-Diesel) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 10: Global: Hybrid Train (Battery Operated) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Hybrid Train (Battery Operated) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Hybrid Train (Hydrogen Powered) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Hybrid Train (Hydrogen Powered) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Hybrid Train (Gas Powered) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Hybrid Train (Gas Powered) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Hybrid Train (Solar Powered) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Hybrid Train (Solar Powered) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Hybrid Train (Below 100 Km/h) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Hybrid Train (Below 100 Km/h) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Hybrid Train (100-200 Km/h) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Hybrid Train (100-200 km/h) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Hybrid Train (Above 200 km/h) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Hybrid Train (Above 200 km/h) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Hybrid Train (Passenger) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Hybrid Train (Passenger) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Hybrid Train (Freight) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Hybrid Train (Freight) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: North America: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: North America: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: United States: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: United States: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: Canada: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: Canada: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: Asia-Pacific: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: Asia-Pacific: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: China: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: China: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: Japan: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: Japan: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: India: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: India: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: South Korea: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: South Korea: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: Australia: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: Australia: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: Indonesia: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: Indonesia: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: Others: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: Others: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Europe: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Europe: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: Germany: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: Germany: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: France: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: France: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: United Kingdom: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: United Kingdom: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: Italy: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: Italy: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: Spain: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: Spain: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Russia: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Russia: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Others: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Others: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Latin America: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Latin America: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Brazil: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Brazil: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Mexico: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Mexico: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Others: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Others: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: Middle East and Africa: Hybrid Train Market: Sales Value (in Million USD), 2019 & 2024
- Figure 75: Middle East and Africa: Hybrid Train Market: Breakup by Country (in %), 2024
- Figure 76: Middle East and Africa: Hybrid Train Market Forecast: Sales Value (in Million USD), 2025-2033
- 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
List of Tables
- Table 1: Global: Hybrid Train Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Hybrid Train Market Forecast: Breakup by Propulsion Type (in Million USD), 2025-2033
- Table 3: Global: Hybrid Train Market Forecast: Breakup by Operating Speed (in Million USD), 2025-2033
- Table 4: Global: Hybrid Train Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 5: Global: Hybrid Train Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Hybrid Train Market: Competitive Structure
- Table 7: Global: Hybrid Train Market: Key Players
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.