Hybrid Train Market

Market Leaders - Hybrid Train Market

The hybrid train market is projected to reach 9,109 units by 2030 from an estimated 5,429 units in 2019, at a CAGR of 4.8% during the forecast period. The base year for the report is 2018, and the forecast period is from 2019 to 2030. The growth of the hybrid train market is influenced by factors such as growing demand for energy-efficient transport and for public transport as a means of reducing traffic congestion. Additionally, commuters demand transit options that can be more eco-friendly, reliable, and cost-effective alternatives to personal transportation. Developed nations such as Germany, France, and the UK are actively promoting the use of the rapid transit system to reduce traffic congestion.

The major hybrid train manufacturers include Alstom (France), Bombardier Inc (Canada), CRRC (China), Kawasaki (Japan), and Siemens (Germany). These companies developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth train market.

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Alstom is one of the leading players in this market. The company is continuously delivering new advanced train technologies. Bombardier Inc is the second largest player in this market, followed by CRRC, Kawasaki, and Siemens. For instance, in 2018, Alstom unveiled the first Citadis X05 tram, which would run on all three new lines in Caen la mer (Normandy, France). Moreover, in 2018, Bombardier Transportation introduced a new battery-operated train. This train does not generate any exhaust and sets standards for smart mobility with peak values of 90% in the areas of efficiency and recyclability. It is also around 50% quieter than modern diesel trains.

Another important player in the industry is CRRC. In April 2018, CRRC Nanjing Puzhen Co., Ltd (China), a joint venture between Bombardier and CRRC, developed Automated-People-Mover-Systems (APM) named INNOVIA APM 300. The product was then adopted by Pujiang Line of Shanghai Rail Transit. Additionally, in 2018, CRRC introduced the latest generation of small- and medium-capacity straddle-type monorail train. The straddle-type monorail has won the favor of many cities for its small floor area, high climbing capacity, and energy-saving and environmental-protection features.

Related Reports:

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

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Report Code
AT 7055
RI Published ON
4/26/2019
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