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Market Research Report

Hybrid Train Market - Growth, Trends, and Forecast (2020 - 2025)

Published by Mordor Intelligence LLP Product code 925246
Published Content info 50 Pages
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Hybrid Train Market - Growth, Trends, and Forecast (2020 - 2025)
Published: February 1, 2020 Content info: 50 Pages

The hybrid train market (henceforth referred to as the market studied) is anticipated to register a CAGR of about 5.60% during the forecast period (2020 - 2025).

  • Train transportation is one the major transportation mode for any country for both passengers and cargo. However, trains have their own impacts on the environment as trains produce nitrogen dioxide, carbon dioxide, and particulate matter that can contribute to air pollution and negative health effects. To reduce the effects of train on environment companies are coming up with new innovations through which this effect can be reduce such as hybrid trains.
  • Globally, there's a trend toward greener forms of transport supported by new government regulations, the green transportation trend is penetrating through all the transportation mode such as air transportation, ships, trains, cars and trucks. These factors are likely drive the hybrid train demand over the forecast period.
  • However, high overhaul & maintenance costs can create a obstacle for the growth of the market. Despite the presence of restraining factors, hybrid trains are more environment friendly based on which the demand for more number of hybrid trains is likely to amplify over the study period.

Key Market Trends

The Growing Demand for Efficient and Low-Emission Rails

Train transportation is the most electrified transport sector. Globally, approximately 75% of the rail passenger movements and half of rail freight relies on electricity. Trains accounts for 8% of the world's motorized passenger movements and 7% of freight transport yet uses just 2% of the world's transport energy demand. The demand for rail energy remained the constant till last couple of years back. However, the demand for more energy efficient rails has increased over the last few years due to the on-going concerns over green transportation.

According to the International Energy Agency around 0.3% of CO2 emissions from fossil fuels come from trains. However, the emissions from trains vary widely, depending on if they are powered by diesel or electricity, as well as how that electricity is generated.

Electric trains can reduce emissions compared with diesel-powered trains, but only if the power generation mix is not dependent on fuels with high carbon content, such as coal.

Europe Is Likely to Lead The Hybrid Train Market

The Hybrid Train market is anticipated to dominated by Europe followed by Asia-Pacific and North America respectively. The European countries are rapidly launching hybrid trains. For instance,

  • Germany launched the world's first hydrogen-powered train built by French TGV-maker Alstom. The company is also planning to deliver another 14 of the zero-emissions trains to Lower Saxony state by 2021, while other German states have also expressed an interest.
  • Other European countries such as Britain, the Netherlands, Denmark, Norway, Italy and Canada are also planning to launch hydrogen powered trains. In France, the government has already said it wants the first hydrogen train to be on the rails by 2022.

Asia-Pacific is also one of the biggest market for rail industry and the demand for greener trains is growing in the region. Asia Pacific comprises emerging economies such as China and India along with developed economies such as Japan. The implementation of new technologies and the establishment of new government regulations are driving this market in this region.

Competitive Landscape

The Hybrid train market is dominated by Bombardier; CRRC, Alstom, Kawasaki Heavy Industries, Ltd., Siemens, General Electric, Hyundai Rotem Company, Hitachi Ltd., Toshiba Corporation, and amongst others. The market players are expanding their business by making partnerships, by opening new plants, further by offering wide range of products in the hybrid train market.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support
Table of Contents
Product Code: 67286

Table of Contents


  • 1.1 Study Assumptions
  • 1.2 Scope of the Study




  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry


  • 5.1 By Propulsion
    • 5.1.1 Battery Operated
    • 5.1.2 Electro Diesel
    • 5.1.3 Natural Gas
    • 5.1.4 Hydrogen Powered
    • 5.1.5 Solar Powered
  • 5.2 By Application
    • 5.2.1 Passenger
    • 5.2.2 Freight
  • 5.3 By Operating Speed
    • 5.3.1 Below 100 km/h
    • 5.3.2 100-200 km/h
    • 5.3.3 Above 200 km/h
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.2 Europe
    • 5.4.3 Asia Pacific
    • 5.4.4 Rest of the World


  • 6.1 Vendor Market Share**
  • 6.2 Company Profiles
    • 6.2.1 CRRC
    • 6.2.2 Bombardier Inc.
    • 6.2.3 Alstom SA
    • 6.2.4 Kawasaki Heavy Industries Ltd.
    • 6.2.5 Siemens AG
    • 6.2.6 General Electric
    • 6.2.7 Hyundai Rotem
    • 6.2.8 Hitachi Ltd.
    • 6.2.9 Construcciones Y Auxiliar De Ferrocarriles (CAF)
    • 6.2.10 Cummins


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