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Market Research Report

Hybrid Train Market by Propulsion Type (Electro Diesel, Battery Operated, Hydrogen, CNG, LNG, & Solar), Application (Passenger & Freight), Operating Speed (>100 km/h, 100-200 km/h, <200 km/h), Battery Technology, & Region-Global Forecast to 2030

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Hybrid Train Market by Propulsion Type (Electro Diesel, Battery Operated, Hydrogen, CNG, LNG, & Solar), Application (Passenger & Freight), Operating Speed (>100 km/h, 100-200 km/h, <200 km/h), Battery Technology, & Region-Global Forecast to 2030
Published: September 4, 2020 Content info: 192 Pages
Description

"The growth of the hybrid train market can be attributed to the increasing trend of efficient and eco-friendly train operations across the globe."

The global hybrid train market size is projected to reach 8,389 units by 2030, from an estimated 4,904 units in 2020, at a CAGR of 5.5%. Factors such as high gasoline prices, traffic congestion, and greenhouse gas emissions have compelled railway OEMs to explore beyond the use of conventional propulsion systems in trains.

The growing population triggers the global demand for rail vehicles in urban areas, where existing transportation infrastructure is proving to be insufficient. The expansion of infrastructure networks is expected to drive the demand for new rail vehicles. Increasing investments made by governments across the globe to develop rail system infrastructure are expected to act as an opportunity for hybrid train manufacturers to expand their revenue stream and geographical presence. Countries such as Brazil, Russia, and China are set to witness increased production activity due to increased domestic demand, favorable government support, and cost advantages. The European hybrid train market is projected to experience steady growth due to the well-developed infrastructure for passenger transit, while the North American market is driven by freight transportation.

However, COVID-19 pandemic is expected to have a severe impact on the hybrid train market. Both the production and sales of new rail vehicles have come to a halt across the globe as the whole ecosystem has been disrupted. OEMs had to wait until lockdowns were lifted to resume production, which affected their business. Post the pandemic, the demand for new trains will be significantly low, as people will avoid public transport, preferring private vehicles to avoid crowds. In addition, component manufacturing is also suspended, and small Tier II and Tier III manufacturers could face liquidity issues. The railway industry is highly capital-intensive and relies on frequent financing to continue operations. Thus, the production suspension during the outbreak and lower demand post the pandemic will have an unprecedented impact on hybrid train providers

"The hydrogen segment is expected to be the second-fastest propulsion segment in the forecast."

Many industry experts are looking at hydrogen fuel cell-powered train as truly emission-free, noise-free, and efficient trains. In the case of fuel cell-powered trains, the condensed water and steam generated are the only exhaust elements from the operation, making it completely clean and environment-friendly. Recent developments also indicate that majority of the train manufacturers have identified this and are focusing on developing and testing hydrogen fuel cell-powered trains across the world. Manufacturers are introducing different trains, trams, and locomotives working on hydrogen fuel cells. For instance, Alstom with Eversholt Rail introduced the first hydrogen fuel cell-powered train in Germany in September 2018, which has been running successfully. Also, at the end of 2019, Foshan city, China, deployed a hydrogen fuel cell-powered tram jointly developed by CRRC Qingdao Sifang and Ballard Power Systems.

"Freight segment is expected to be the fastest-growing application segment during the forecast period."

Many companies such as BNSF and DB Cargo are investing in hybrid trains that will be incorporated in freight operations soon, which will increase the overall saving for these companies. For instance, as per a supply contract in January 2020, Toshiba will be delivering 100 diesel-battery hybrid locomotives to DB Cargo. While DB will be using 50 of these to replace existing shunting locomotives, remaining will be given on lease. With the usage of hybrid locomotives, DB claims 30% saving of energy and around 1 million liter saving of diesel annually. With all these developments, the freight segment is expected to have significant growth in the forecast. China announced a 3-year plan to increase railway freight transport to 1.1 billion tons until 2020, approximately a 30% increase in the freight volume transported by railway. The growth of freight transportation across the globe will boost the market for hybrid trains. Apart from China, other Asian countries have also focused on hybrid trains as a freight transport medium. For instance, FCHEA member, Hyundai Motor Group, and its subsidiary, Hyundai Rotem, have been developing a hydrogen-powered train with its prototype scheduled to be developed by the end of 2020. According to claims, the train can cover 124 miles between refueling stops, with a maximum speed up to 70 km/h. Thus, the large sales volume of diesel-electric trains in China, South Korea, Japan, and India will help the Asia Oceania region to lead the freight segment of the hybrid train market

"Above 200 km/h segment is expected to be the second-fastest operating speed segment in the forecast period."

The evolution in traction systems of trains and innovation in hybrid technologies have propelled advancements in the operating speed range of trains. Due to this factor, the operating speed of hybrid trains has increased exponentially and reached the above 200 km/h mark. For instance, in August 2020, China declared that it is doubling the length of its high-speed rail lines by 2035, as part of its new blueprint. Under this, there will be almost 70,000 km of lines that will be able to handle trains having operating speeds of more than 250 km/h. This will surely drive the growth of the above 200 km/h segment in Asia Oceania. As hybrid trains are still in their initial stage, developments in their operating speeds are not taking shape as fast as in conventional trains. This speed range of high-speed trains is expected to witness exponential growth in the future due to the need for a reduction in commute time and traffic congestion on railway lines. Most of the hybrid trains running in this operating speed range have diesel-electric propulsion.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: Tier I - 31%, Tier II - 48%, and OEMs - 21%
  • By Designation: C Level Executives - 40%, Directors - 35%, and Others - 25%
  • By Region: North America - 30%, Europe - 50%, Asia Oceania - 15%, and RoW - 5%

The hybrid train market comprises major companies such as CRRC (China), Bombardier (Canada), Alstom (France), Siemens (Germany), and Wabtec Corporation (US).

Research Coverage:

The market study covers the hybrid train market size and future growth potential across different segments such as by propulsion type, application, operating speed, battery technology (qualitative), and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

  • The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall hybrid train market and its subsegments.
  • This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
  • The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
Product Code: AT 7055

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 OBJECTIVES OF THE STUDY
  • 1.2 PRODUCT DEFINITION
    • 1.2.1 INCLUSIONS & EXCLUSIONS
    • TABLE 1 INCLUSIONS & EXCLUSIONS FOR HYBRID TRAIN MARKET
  • 1.3 MARKET SCOPE
    • FIGURE 1 HYBRID TRAIN: MARKETS COVERED
    • 1.3.1 YEARS CONSIDERED FOR THE STUDY
  • 1.4 PACKAGE SIZE
  • 1.5 LIMITATIONS
  • 1.6 STAKEHOLDERS
  • 1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 2 HYBRID TRAIN MARKET: RESEARCH DESIGN
    • FIGURE 3 RESEARCH METHODOLOGY MODEL
  • 2.2 SECONDARY DATA
    • 2.2.1 KEY SECONDARY SOURCES
    • 2.2.2 KEY DATA FROM SECONDARY SOURCES
  • 2.3 PRIMARY DATA
    • FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
    • 2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
    • 2.3.2 PRIMARY PARTICIPANTS
  • 2.4 MARKET SIZE ESTIMATION
    • 2.4.1 BOTTOM-UP APPROACH
    • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY FOR THE HYBRID TRAIN MARKET: BOTTOM-UP APPROACH
    • 2.4.2 TOP-DOWN APPROACH
    • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR THE HYBRID TRAIN MARKET: TOP-DOWN APPROACH
  • 2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
    • FIGURE 7 DATA TRIANGULATION
  • 2.6 ASSUMPTIONS & LIMITATIONS

3 EXECUTIVE SUMMARY

  • 3.1 INTRODUCTION
    • FIGURE 8 HYBRID TRAIN MARKET: MARKET DYNAMICS
    • FIGURE 9 HYBRID TRAIN MARKET, BY REGION, 2020-2030
    • FIGURE 10 HYBRID TRAIN MARKET, BY PROPULSION TYPE, 2020 VS. 2030
    • 3.1.1 COVID-19 IMPACT ON HYBRID TRAIN MARKET, 2018-2030

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES IN THE HYBRID TRAIN MARKET
    • FIGURE 11 INCREASING DEMAND FOR EFFICIENT & LESS CARBON EMITTING TRAINS TO DRIVE THE MARKET
  • 4.2 HYBRID TRAIN MARKET GROWTH RATE, BY REGION
    • FIGURE 12 ASIA OCEANIA IS PROJECTED TO BE THE LARGEST MARKET
  • 4.3 HYBRID TRAIN MARKET, BY PROPULSION
    • FIGURE 13 ELECTRO DIESEL SEGMENT TO BE THE LARGEST, 2020 VS. 2030 (UNITS)
  • 4.4 HYBRID TRAIN MARKET, BY APPLICATION
    • FIGURE 14 PASSENGER SEGMENT IS EXPECTED TO BE THE LARGEST, 2020 VS. 2030 (UNITS)
  • 4.5 HYBRID TRAIN MARKET, BY OPERATING SPEED
    • FIGURE 15 100-200 KM/H SEGMENT IS PROJECTED TO BE THE LARGEST, 2020 VS. 2030 (UNITS)

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 16 HYBRID TRAIN MARKET: MARKET DYNAMICS
    • 5.2.1 DRIVERS
      • 5.2.1.1 Growing demand for energy-efficient and less polluting train operations
      • 5.2.1.2 Benefits of hybrid trains over conventional diesel trains
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 High development cost and complexities involved in hybrid train technologies and related infrastructure
      • 5.2.2.2 Refurbishment of existing trains
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Availability of alternative fuel options
    • TABLE 2 DIESEL VS. CNG VS. LNG
      • 5.2.3.2 Government support for alternative fuel-powered railway operations
      • 5.2.3.3 Increasing railway operations in industrial and mining activities
      • 5.2.3.4 Fluctuating fuel prices
    • TABLE 3 NATIONAL AVERAGE RETAIL FUEL PRICES OF CONVENTIONAL AND ALTERNATIVE FUELS
    • 5.2.4 CHALLENGES
      • 5.2.4.1 COVID-19 impact on the overall public transport demand
    • 5.2.5 IMPACT OF MARKET DYNAMICS
    • TABLE 4 HYBRID TRAIN MARKET: IMPACT OF MARKET DYNAMICS
  • 5.3 PORTER'S FIVE FORCES
    • FIGURE 17 PORTER'S FIVE FORCES: HYBRID TRAIN MARKET
  • 5.4 AVERAGE SELLING PRICE TREND
    • FIGURE 18 PRICING TREND ANALYSIS: NATURAL GAS PRICE IN US (2015-2019)
    • FIGURE 19 PRICING TREND ANALYSIS: NATURAL GAS PRICE IN US: COMMERCIAL SECTOR (2015-2019)
  • 5.5 VALUE CHAIN ANALYSIS
    • FIGURE 20 HYBRID TRAIN MARKET: VALUE CHAIN ANALYSIS
  • 5.6 ECOSYSTEM ANALYSIS
    • FIGURE 21 HYBRID TRAIN MARKET: ECOSYSTEM ANALYSIS
  • 5.7 TARIFF AND REGULATORY OVERVIEW
    • 5.7.1 US
    • 5.7.2 EUROPE
    • TABLE 5 STANDARDS: RAIL TRACTION ENGINES (STAGE III A)
    • TABLE 6 STANDARDS: RAIL TRACTION ENGINES (STAGE III B)
  • 5.8 TRADE ANALYSIS
    • 5.8.1 CHINA
    • 5.8.2 GERMANY
  • 5.9 TECHNOLOGY ANALYSIS
    • 5.9.1 INTRODUCTION
    • 5.9.2 REGENERATIVE BRAKING IN TRAINS
    • 5.9.3 AUTONOMOUS TRAINS
    • 5.9.4 AI IN MAINTENANCE AND OVERHAUL
    • 5.9.5 USE OF FUEL CELLS FOR HEAVY LOAD TRANSPORTATION
    • FIGURE 22 TIMELINE OF FUEL CELL MASS MARKET ACCEPTABILITY IN TRANSPORTATION SECTOR, 2016-2050
  • 5.10 CASE STUDY ANALYSIS
    • 5.10.1 HYDROFLEX IN UK
    • 5.10.2 FIRST SOLAR-POWERED TRAIN
  • 5.11 PATENT ANALYSIS
    • TABLE 7 IMPORTANT PATENT REGISTRATIONS RELATED TO HYBRID TRAIN MARKET
  • 5.12 COVID-19 IMPACT ANALYSIS
    • 5.12.1 INTRODUCTION TO COVID-19
    • 5.12.2 IMPACT ON HYBRID TRAIN MARKET
  • 5.13 HYBRID TRAIN MARKET, SCENARIOS (2020-2025)
    • FIGURE 23 HYBRID TRAIN MARKET - FUTURE TRENDS & SCENARIO, 2020-2030 (UNITS)
    • 5.13.1 MOST LIKELY SCENARIO
    • TABLE 8 MOST LIKELY SCENARIO, BY REGION, 2020-2030 (UNITS)
    • 5.13.2 OPTIMISTIC SCENARIO
    • TABLE 9 OPTIMISTIC SCENARIO, BY REGION, 2020-2030 (UNITS)
    • 5.13.3 PESSIMISTIC SCENARIOS
    • TABLE 10 PESSIMISTIC SCENARIO, BY REGION, 2020-2030 (UNITS)
    • 5.13.4 ONGOING & UPCOMING PROJECTS RELATED TO HYBRID TRAINS
    • TABLE 11 SOME NOTEWORTHY ONGOING & UPCOMING TESTING, PROJECTS, AND OPERATIONS RELATED TO HYBRID TRAINS:

6 HYBRID TRAIN MARKET, BY BATTERY TECHNOLOGY

  • 6.1 INTRODUCTION
  • 6.2 GEL TUBULAR LEAD-ACID BATTERY
  • 6.3 VALVE REGULATED LEAD-ACID BATTERY(VRLA)
  • 6.4 CONVENTIONAL LEAD-ACID BATTERY
  • 6.5 SINTERED PNE NICKEL-CADMIUM BATTERY
  • 6.6 FIBER PNE NICKEL-CADMIUM BATTERY
  • 6.7 POCKET PLATE NICKEL-CADMIUM BATTERY
  • 6.8 LITHIUM-ION

7 HYBRID TRAIN MARKET, BY APPLICATION

  • 7.1 INTRODUCTION
    • FIGURE 24 FREIGHT SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD (2020-2030)
    • TABLE 12 HYBRID TRAIN MARKET SIZE, BY APPLICATION, 2017-2019 (UNITS)
    • TABLE 13 HYBRID TRAIN MARKET SIZE, BY APPLICATION, 2020-2030 (UNITS)
  • 7.2 OPERATIONAL DATA
    • TABLE 14 SOME OF THE COMPANIES INVOLVED IN PASSENGER AND FREIGHT HYBRID TRAINS
    • 7.2.1 RESEARCH METHODOLOGY
  • 7.3 PASSENGER
    • 7.3.1 RISING DEMAND FOR ENERGY-EFFICIENT MOBILITY OF PEOPLE TO BOOST THE SEGMENT
    • TABLE 15 PASSENGER: HYBRID TRAIN MARKET, BY REGION, 2017-2019 (UNITS)
    • TABLE 16 PASSENGER: HYBRID TRAIN MARKET, BY REGION, 2020-2030 (UNITS)
  • 7.4 FREIGHT
    • 7.4.1 FUEL COST BENEFITS TO DRIVE THE FREIGHT SEGMENT
    • TABLE 17 FREIGHT: HYBRID TRAIN MARKET, BY REGION, 2017-2019 (UNITS)
    • TABLE 18 FREIGHT: HYBRID TRAIN MARKET, BY REGION, 2020-2030 (UNITS)
  • 7.5 KEY PRIMARY INSIGHTS

8 HYBRID TRAIN MARKET, BY OPERATING SPEED

  • 8.1 INTRODUCTION
    • FIGURE 25 100-200 KM/H SEGMENT TO HAVE THE LARGEST MARKET DURING THE FORECAST PERIOD (2020-2030)
    • TABLE 19 HYBRID TRAIN MARKET SIZE, BY OPERATING SPEED, 2017-2019 (UNITS)
    • TABLE 20 HYBRID TRAIN MARKET SIZE, BY OPERATING SPEED, 2020-2030 (UNITS)
  • 8.2 OPERATIONAL DATA
    • TABLE 21 SOME HYBRID TRAINS AND THEIR OPERATIONAL SPEEDS
    • 8.2.1 ASSUMPTIONS
    • 8.2.2 RESEARCH METHODOLOGY
  • 8.3 BELOW 100 KM/H
    • 8.3.1 INNOVATIVE PROPULSION TECHNOLOGIES WILL DRIVE THE SEGMENT
    • TABLE 22 BELOW 100 KM/H: HYBRID TRAIN MARKET, BY REGION, 2017-2030 (UNITS)
    • TABLE 23 BELOW 100 KM/H: HYBRID TRAIN MARKET, BY REGION, 2020-2030 (UNITS)
  • 8.4 100-200 KM/H
    • 8.4.1 MAJORITY OF HYBRID TRAINS RUN AT AN OPERATING SPEED OF 100-200 KM/H
    • TABLE 24 100-200 KM/H: HYBRID TRAIN MARKET, BY REGION, 2017-2019 (UNITS)
    • TABLE 25 100-200 KM/H: HYBRID TRAIN MARKET, BY REGION, 2020-2030 (UNITS)
  • 8.5 ABOVE 200 KM/H
    • 8.5.1 INCREASING DEMAND FOR RAPID TRANSPORTATION AND CONTINUOUS DEVELOPMENTS IN HYBRID TECHNOLOGIES TO DRIVE THE SEGMENT
    • TABLE 26 ABOVE 200 KM/H: HYBRID TRAIN MARKET, BY REGION, 2017-2019 (UNITS)
    • TABLE 27 ABOVE 200 KM/H: HYBRID TRAIN MARKET, BY REGION, 2020-2030 (UNITS)
  • 8.6 KEY PRIMARY INSIGHTS

9 HYBRID TRAIN MARKET, BY PROPULSION

  • 9.1 INTRODUCTION
    • FIGURE 26 ELECTRO DIESEL TO HAVE THE LARGEST MARKET DURING THE FORECAST PERIOD (2020-2030)
    • TABLE 28 HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 29 HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
  • 9.2 OPERATIONAL DATA
    • TABLE 30 VARIOUS HYBRID TRAINS WITH PROPULSION TYPE AND LOCATION OF DEPLOYMENT
    • 9.2.1 ASSUMPTIONS
    • 9.2.2 RESEARCH METHODOLOGY
  • 9.3 BATTERY POWERED
    • 9.3.1 CONTINUOUS ADVANCEMENTS IN BATTERY TECHNOLOGIES TO DRIVE THE SEGMENT
    • TABLE 31 BATTERY POWERED: HYBRID TRAIN MARKET, BY REGION, 2017-2019 (UNITS)
    • TABLE 32 BATTERY POWERED: HYBRID TRAIN MARKET, BY REGION, 2020-2030 (UNITS)
  • 9.4 ELECTRO DIESEL
    • 9.4.1 LARGE SALES VOLUME IN CHINA TO DRIVE THE ELECTRO DIESEL SEGMENT IN ASIA OCEANIA
    • TABLE 33 ELECTRO DIESEL: HYBRID TRAIN MARKET, BY REGION, 2017-2019 (UNITS)
    • TABLE 34 ELECTRO DIESEL: HYBRID TRAIN MARKET, BY REGION, 2020-2030 (UNITS)
  • 9.5 CNG
    • 9.5.1 HIGH INSTALLATION COST WILL RESTRICT THE GROWTH OF CNG POWERED TRAINS
    • TABLE 35 CNG: HYBRID TRAIN MARKET, BY REGION, 2017-2030 (UNITS)
  • 9.6 LNG
    • 9.6.1 ADVANTAGES OVER CNG PROPULSION MIGHT CREATE OPPORTUNITIES FOR LNG POWERED TRAINS IN FUTURE
    • TABLE 36 LNG: HYBRID TRAIN MARKET, BY REGION, 2017-2030 (UNITS)
  • 9.7 SOLAR POWERED
    • 9.7.1 ASIA OCEANIA TO LEAD THE SOLAR-POWERED TRAIN MARKET
    • TABLE 37 SOLAR POWERED: HYBRID TRAIN MARKET, BY REGION, 2017-2019 (UNITS)
    • TABLE 38 SOLAR POWERED: HYBRID TRAIN MARKET, BY REGION, 2020-2030 (UNITS)
  • 9.8 HYDROGEN POWERED
    • 9.8.1 BENEFIT OF CLEAN TRANSPORTATION WILL BOOST DEMAND FOR HYDROGEN POWERED TRAINS
    • TABLE 39 HYDROGEN POWERED: HYBRID TRAIN MARKET, BY REGION, 2017-2019 (UNITS)
    • TABLE 40 HYDROGEN POWERED: HYBRID TRAIN MARKET, BY REGION, 2020-2030 (UNITS)
  • 9.9 KEY PRIMARY INSIGHTS

10 HYBRID TRAIN MARKET, BY REGION

  • 10.1 INTRODUCTION
    • FIGURE 27 HYBRID TRAIN MARKET, BY REGION, 2020 VS. 2030
    • TABLE 41 HYBRID TRAIN MARKET, BY REGION, 2017-2019 (UNITS)
    • TABLE 42 HYBRID TRAIN MARKET, BY REGION, 2020-2030 (UNITS)
  • 10.2 ASIA OCEANIA
    • FIGURE 28 ASIA OCEANIA: HYBRID TRAIN MARKET SNAPSHOT
    • TABLE 43 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2017-2019 (UNITS)
    • TABLE 44 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2020-2030 (UNITS)
    • 10.2.1 CHINA
      • 10.2.1.1 Focus on developing advanced railway infrastructure will drive the market
    • TABLE 45 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 46 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.2.2 JAPAN
      • 10.2.2.1 Presence of leading hybrid train players to drive the market
    • TABLE 47 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 48 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.2.3 INDIA
      • 10.2.3.1 Indian Railways is eyeing complete electrification of its lines by 2024
    • TABLE 49 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 50 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.2.4 SOUTH KOREA
      • 10.2.4.1 Investments in hybrid train infrastructure to drive the market
    • TABLE 51 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 52 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.2.5 NEW ZEALAND
      • 10.2.5.1 Upcoming hybrid train projects will drive the market
    • TABLE 53 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 54 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.2.6 AUSTRALIA
      • 10.2.6.1 Government initiatives will drive the market
    • TABLE 55 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 56 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
  • 10.3 EUROPE
    • FIGURE 29 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2020 VS. 2030 (UNITS)
    • TABLE 57 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2017-2019 (UNITS)
    • TABLE 58 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2020-2030 (UNITS)
    • 10.3.1 FRANCE
      • 10.3.1.1 Battery-hybrid and electro-diesel trains will be dominating the market
    • TABLE 59 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 60 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.3.2 GERMANY
      • 10.3.2.1 Germany is at the center of the European hybrid train market
    • TABLE 61 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 62 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.3.3 ITALY
      • 10.3.3.1 Battery-hybrid and electro-diesel trains will be dominating the market
    • TABLE 63 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 64 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.3.4 SPAIN
      • 10.3.4.1 Government regulations and policies to meet environmental standards will drive the market
    • TABLE 65 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 66 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.3.5 AUSTRIA
      • 10.3.5.1 Replacement of existing diesel trains with electro-diesel trains to drive the market
    • TABLE 67 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 68 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.3.6 UK
      • 10.3.6.1 Government focus on phasing out diesel trains to drive the market
    • TABLE 69 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 70 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
  • 10.4 NORTH AMERICA
    • FIGURE 30 NORTH AMERICA: HYBRID TRAIN MARKET SNAPSHOT
    • TABLE 71 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2017-2019 (UNITS)
    • TABLE 72 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2020-2030 (UNITS)
    • 10.4.1 US
      • 10.4.1.1 Growing demand for hybrid freight trains will boost the market
    • TABLE 73 US: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 74 US: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.4.2 CANADA
      • 10.4.2.1 Government subsidies for greener transport will boost the market
    • TABLE 75 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 76 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.4.3 MEXICO
      • 10.4.3.1 Increasing demand for reduction in carbon emissions will drive the market
    • TABLE 77 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 78 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
  • 10.5 MIDDLE EAST & AFRICA
    • FIGURE 31 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2020 VS. 2030 (UNITS)
    • TABLE 79 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2017-2019 (UNITS)
    • TABLE 80 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2020-2030 (UNITS)
    • 10.5.1 SOUTH AFRICA
      • 10.5.1.1 Increasing government spending for purchase of greener trains will drive the market
    • TABLE 81 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 82 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.5.2 UNITED ARAB EMIRATES
      • 10.5.2.1 Advancements in railway technologies will drive demand in future
    • TABLE 83 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 84 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.5.3 EGYPT
      • 10.5.3.1 Government plans to develop hybrid train lines for tourism will drive the market
    • TABLE 85 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 86 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
  • 10.6 REST OF THE WORLD
    • FIGURE 32 ROW: HYBRID TRAIN MARKET, BY COUNTRY, 2020 VS. 2030 (UNITS)
    • TABLE 87 ROW: HYBRID TRAIN MARKET, BY COUNTRY, 2017-2019 (UNITS)
    • TABLE 88 ROW: HYBRID TRAIN MARKET, BY COUNTRY, 2020-2030 (UNITS)
    • 10.6.1 BRAZIL
      • 10.6.1.1 Growing demand for energy-efficient transport will boost the market
    • TABLE 89 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 90 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.6.2 RUSSIA
      • 10.6.2.1 Significant demand for electro-diesel trains will drive the market
    • TABLE 91 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 92 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)
    • 10.6.3 ARGENTINA
      • 10.6.3.1 Billion-dollar deal with China to help the Argentinian railway industry
    • TABLE 93 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2017-2019 (UNITS)
    • TABLE 94 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2020-2030 (UNITS)

11 COMPETITIVE LANDSCAPE

  • 11.1 MARKET EVALUATION FRAMEWORK
    • FIGURE 33 MARKET EVALUATION FRAMEWORK
  • 11.2 OVERVIEW
    • FIGURE 34 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE HYBRID TRAIN MARKET
  • 11.3 MARKET SHARE ANALYSIS FOR HYBRID TRAIN MARKET
    • FIGURE 35 MARKET SHARE ANALYSIS, 2019
  • 11.4 MARKET RANKING ANALYSIS FOR HYBRID TRAIN MARKET
    • FIGURE 36 MARKET RANKING ANALYSIS, 2019
  • 11.5 MARKET EVALUATION FRAMEWORK: REVENUE ANALYSIS OF TOP LISTED/ PUBLIC PLAYERS
    • FIGURE 37 TOP PUBLIC/LISTED PLAYERS DOMINATING THE HYBRID TRAIN MARKET IN LAST 3 YEARS
  • 11.6 COVID-19 IMPACT ON HYBRID TRAIN COMPANIES
  • 11.7 COMPETITIVE SCENARIO
    • 11.7.1 COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/ PARTNERSHIPS/AGREEMENTS
    • TABLE 95 COLLABORATIONS/JOINT VENTURES/SUPPLY CONTRACTS/PARTNERSHIPS/ AGREEMENTS, 2018-2020
    • 11.7.2 NEW PRODUCT DEVELOPMENTS
    • TABLE 96 NEW PRODUCT DEVELOPMENTS, 2018-2020
    • 11.7.3 MERGERS & ACQUISITIONS, 2017-2020
    • TABLE 97 MERGERS & ACQUISITIONS, 2017-2020
    • 11.7.4 EXPANSIONS, 2017-2020
    • TABLE 98 EXPANSIONS, 2017-2020
  • 11.8 COMPETITIVE LEADERSHIP MAPPING FOR HYBRID TRAIN MARKET
    • 11.8.1 STARS
    • 11.8.2 EMERGING LEADERS
    • 11.8.3 PERVASIVE
    • 11.8.4 EMERGING COMPANIES
    • FIGURE 38 HYBRID TRAIN MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
  • 11.9 STRENGTH OF PRODUCT PORTFOLIO
    • FIGURE 39 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN HYBRID TRAIN MARKET
  • 11.10 BUSINESS STRATEGY EXCELLENCE
    • FIGURE 40 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN HYBRID TRAIN MARKET
  • 11.11 STARTUP/SME EVALUATION MATRIX, 2019
  • 11.12 WINNERS VS. TAIL-ENDERS
    • TABLE 99 WINNERS VS. TAIL-ENDERS

12 COMPANY PROFILES

(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)**

  • 12.1 CRRC
    • FIGURE 41 CRRC: COMPANY SNAPSHOT
    • FIGURE 42 CRRC CORPORATION: SWOT ANALYSIS
  • 12.2 BOMBARDIER
    • FIGURE 43 BOMBARDIER: COMPANY SNAPSHOT
    • FIGURE 44 BOMBARDIER: SWOT ANALYSIS
  • 12.3 ALSTOM
    • FIGURE 45 ALSTOM: COMPANY SNAPSHOT
    • FIGURE 46 ALSTOM: SWOT ANALYSIS
  • 12.4 SIEMENS
    • FIGURE 47 SIEMENS: COMPANY SNAPSHOT
    • TABLE 100 SIEMENS: MOBILITY REVENUE SHARE OVER THE YEARS
    • FIGURE 48 SIEMENS: SWOT ANALYSIS
  • 12.5 WABTEC CORPORATION (GE TRANSPORTATION)
    • FIGURE 49 WABTEC CORPORATION (GE TRANSPORTATION): COMPANY SNAPSHOT
    • FIGURE 50 WABTEC CORPORATION: SWOT ANALYSIS
  • 12.6 HYUNDAI ROTEM
    • FIGURE 51 HYUNDAI ROTEK COMPANY: COMPANY SNAPSHOT
  • 12.7 HITACHI
    • FIGURE 52 HITACHI: COMPANY SNAPSHOT
  • 12.8 CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES (CAF)
    • FIGURE 53 CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A.: COMPANY SNAPSHOT
  • 12.9 TOSHIBA
    • FIGURE 54 TOSHIBA: COMPANY SNAPSHOT
  • 12.10 CUMMINS
    • FIGURE 55 CUMMINS INC.: COMPANY SNAPSHOT
  • 12.11 STADLER
    • FIGURE 56 STADLER: COMPANY SNAPSHOT
  • 12.12 VIVARAIL

*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

  • 12.13 OTHER KEY PLAYERS
    • 12.13.1 NORTH AMERICA
      • 12.13.1.1 BNSF
      • 12.13.1.2 Ballard
      • 12.13.1.3 Chart Industries
    • 12.13.2 EUROPE
      • 12.13.2.1 ABB
      • 12.13.2.2 Renfe Operadora
      • 12.13.2.3 CK Investments
      • 12.13.2.4 Skoda Transportation
      • 12.13.2.5 DB Cargo
      • 12.13.2.6 SNCF
      • 12.13.2.7 Rolls-Royce
    • 12.13.3 ASIA
      • 12.13.3.1 Yongji Xinshisu Electric Equipment Co., Ltd.
      • 12.13.3.2 The Kinky Sharyo Co., Ltd.
      • 12.13.3.3 KAWASAKI HEAVY INDUSTRIES
    • 12.13.4 MIDDLE EAST
      • 12.13.4.1 Etihad Rail
    • 12.13.5 REST OF THE WORLD
      • 12.13.5.1 Sinara Transport Machines

13 RECOMMENDATIONS BY MARKETSANDMARKETS

  • 13.1 NORTH AMERICA HAS HUGE POTENTIAL AND WILL BE THE FASTEST GROWING MARKET
  • 13.2 HYDROGEN FUEL CELL POWERED TRAIN CAN BE A KEY FOCUS FOR TRAIN MANUFACTURERS
  • 13.3 CONCLUSION

14 APPENDIX

  • 14.1 KEY INSIGHTS OF INDUSTRY EXPERTS
  • 14.2 DISCUSSION GUIDE
  • 14.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 14.4 AVAILABLE CUSTOMIZATIONS
  • 14.5 RELATED REPORTS
  • 14.6 AUTHOR DETAILS
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