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.

Hybrid Train Market Regional Analysis

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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.


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 Propulsion:

  • Electro-Diesel

  • Hydrogen-Powered

  • Battery Operated

  • Gas Powered

  • Solar Powered

By Operating Speed:

  • Less than 100 km/hr

  • 100-200 km/hr

  • More than 200 km/hr

By Application:

  • Passenger

  • Freight

Hybrid Train Market Segmentation Analysis

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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.


  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The 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


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

Hybrid Train Market Report Scope:
Report Attributes Details
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
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments

• by Propulsion (Electro-Diesel, Hydrogen-Powered, Battery Operated, Gas Powered, Solar Powered)
• by Operating Speed (Less than 100 km/hr, 100-200 km/hr, more than 200 km/hr)
• by Application (Passenger, freight)

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.

Frequently Asked Questions

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.

  • Hybrid trains are more cost-effective and reliable modes of transportation.
  • Demand for more energy-efficient and eco-friendly railway operations is increasing.
  • Impact of Covid-19 on overall public transportation demand.
  • Due to decreasing train operations, demand for trains is predicted to decline.

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea 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

8.1 Electro-Diesel

8.2 Hydrogen-Powered

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

10.1 Passenger

10.2 Freight


11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America


12. Company Profiles

12.1 Siemens,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Kawasaki Heavy Industries

12.3 CRRC

12.4 Alstom

12.5 General Electric

12.6 Hyundai Rotem

12.7 Bombardier

12.8 Construcciones Y Auxiliar De Ferrocarriles (CAF)

12.9 Wabtec Corporation

12.10 Hitachi

12.11 Toshiba


13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments


14. Conclusion

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.

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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.

Secondary Research

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.

Primary Research

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Data Bank Validation

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