Report Scope & Overview:
Hybrid Train Market Size was valued at USD 19.13 billion in 2022 and is expected to reach USD 30.04 billion by 2030 and grow at a CAGR of 5.8% over the forecast period 2023-2030.
A locomotive, railcar, or train that uses an onboard rechargeable energy storage device is known as a hybrid train (RESS). This system is connected to the wheels and sits between the power source and the traction transmission system. Hybrid Trains are environmentally friendly, dependable, emission-free, and efficient trains that are judged suitable for the world's long-term development. The traction motors are used as generators to absorb a considerable portion of the train's energy, but because there is no means to store the generated electricity, it is simply discharged into the atmosphere as heat using enormous rooftop resistor banks and cooling fans. Regenerative braking and additional energy created during acceleration are stored in energy storage devices such as batteries, supercapacitors, and flywheels.
To get more information on Hybrid Train Market - Request Sample Report
During the projection period, scarcity of natural resources and growing fuel prices would likely shift the focus away from diesel trains and increase demand for hybrid trains. Also, on the demand side, train operators, freight firms, and government agencies are increasingly favoring trains that are both efficient and environmentally benign.
Hybrid trains are more cost-effective and reliable modes of transportation.
Demand for more energy-efficient and eco-friendly railway operations is increasing.
A hybrid rail system has a higher infrastructure cost than a diesel-powered rail system.
Hybrid railway technologies have high development costs and difficulties.
R&D on technology to improve the efficiency of rail transportation systems is likely to open up prospects for market leaders.
Increase in government programs aimed at lowering pollution.
Impact of Covid-19 on overall public transportation demand.
Due to decreasing train operations, demand for trains is predicted to decline.
IMPACT OF COVID-19:
The adoption of COVID-19 is expected to have a significant impact on the hybrid train sector. As the entire ecosystem has been disrupted, both the production and sales of new rail vehicles have come to a halt around the world. OEMs had to wait for lockdowns to be removed before they could begin production, which had a negative impact on their business. People would avoid public transportation after the pandemic, preferring private vehicles to escape crowds, hence the demand for new trains will be much lower. The railway sector is capital-intensive and requires constant funding to stay in business. As a result, the production halt during the pandemic and subsequent lower demand will have an extraordinary impact on hybrid train providers.
Market, By Propulsion:
The global market is divided into Electro-Diesel, Hydrogen-Powered, Battery Operated, Gas Powered, and Solar Powered. Due to increased demand for electro-diesel trains from the joint electrified and non-electrified trains in the railway industry around the world, the on-grid segment held the biggest market share by propulsion type in 2022. Electro-diesel locomotives provide advantages such as reliability, sustainability, and reduced dangerous material emissions, among others.
Market, By Operating Speed:
According to the operating speed, the global market is divided into Less than 100 km/hr, 100-200 km/hr, and more than 200 km/hr. Due to increased demand for electro-diesel trains, which typically operate at speeds of 100-200 km/hr, the 100-200 km/hr sector held the greatest market share in 2022. Other propulsion systems, including as hydrogen fuel cell-powered, and battery-powered developed with maximum speeds in the region of 100-200 km/hr.
Market, by Application:
Based on the application segment, the global market has been divided into passenger and freight. Due to the increasing relevance of hybrid trains and the reduction of traffic and pollution from road transport, the passenger sector dominated the global market in terms of share in 2022.
By Operating Speed:
Less than 100 km/hr
More than 200 km/hr
To Get Customized Report as per your Business Requirement - Request For Customized Report
Due to multiple active initiatives to introduce hybrid trains in the region, Asia-Pacific is expected to dominate the hybrid train market. Asia-Pacific is also one of the largest rail markets, with a growing need for environmentally friendly trains. Emerging economies like China and India, as well as developed economies like Japan, make up the Asia Pacific region. This market in this region is being driven by the introduction of new technologies and the establishment of new government regulations.
In terms of revenue, Europe led the hybrid train market in 2019, and this dominance is expected to continue throughout the forecast period. This is due to the increased adoption of hybrid trains in the region by economies such as Germany, France, Spain, and the United Kingdom. Furthermore, as urbanization and rail infrastructure construction activities increase in European countries, demand for hybrid trains grows, propelling the hybrid train market forward during the forecast period.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Kawasaki Heavy Industries, CRRC, Alstom, General Electric, Hyundai Rotem, Bombardier, Construcciones Y Auxiliar De Ferrocarriles (CAF), Wabtec Corporation, Siemens, Hitachi, and Toshiba are some of the affluent competitors with significant market share in the Hybrid Train Market.
Hyundai Rotem-Company Financial Analysis
|Market Size in 2022||US$ 19.13 Billion|
|Market Size by 2030||US$ 30.04 Billion|
|CAGR||CAGR of 5.8% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
• by Propulsion (Electro-Diesel, Hydrogen-Powered, Battery Operated, Gas Powered, Solar Powered)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Kawasaki Heavy Industries, CRRC, Alstom, General Electric, Hyundai Rotem, Bombardier, Construcciones Y Auxiliar De Ferrocarriles (CAF), Wabtec Corporation, Siemens, Hitachi, and Toshiba|
|Key Drivers||•Hybrid trains are more cost-effective and reliable modes of transportation.
•Demand for more energy-efficient and eco-friendly railway operations is increasing.
|RESTRAINTS||•A hybrid rail system has a higher infrastructure cost than a diesel-powered rail system.
•Hybrid railway technologies have high development costs and difficulties.
Hybrid Train Market Size was valued at USD 19.13 billion in 2022.
The forecast period of the Hybrid Train Market is 2023-2030.
The major players in the market are Kawasaki Heavy Industries, CRRC, Alstom, General Electric, Hyundai Rotem, Bombardier, Construcciones Y Auxiliar De Ferrocarriles (CAF), Wabtec Corporation, Siemens, Hitachi, and others in the final report.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Hybrid Train Market Segmentation, by Propulsion
8.3 Battery Operated
8.4 Gas Powered
8.5 Solar Powered
9. Global Hybrid Train Market Segmentation, by Operating Speed
9.1 Less than 100 km/hr
9.2 100-200 km/hr
9.3 More than 200 km/hr
10. Global Hybrid Train Market Segmentation, by Application
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Kawasaki Heavy Industries
12.5 General Electric
12.6 Hyundai Rotem
12.8 Construcciones Y Auxiliar De Ferrocarriles (CAF)
12.9 Wabtec Corporation
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Tubeless Tire Market size is expected to reach USD 280 Bn by 2030, the market was valued at USD 160.8 Bn in 2022 and will grow at a CAGR of 7.05% over the forecast period of 2023-2030.
Report Scope & Overview: Autonomous Emergency Braking (AEB) System Mark
Automotive Sensors Market Size was valued at USD 31.46 billion in 2022 and is expected to reach USD 88.50 billion by 2030 and grow at a CAGR of 13.8% over the forecast period 2023-2030.
Automotive Aftermarket Industry Market Size was valued at USD 422.25 billion in 2022 and is expected to reach USD 569.05 billion by 2030 and grow at a CAGR of 3.8% over the forecast period 2023-2030.
Micro-Mobility Market Size was valued at USD 33.06 billion in 2022 and is expected to reach USD 91.05 billion by 2030 and grow at a CAGR of 13.5% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone