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Global Hybrid Train Market Size & Outlook, 2023-2030

The hybrid train industry worldwide is expected to reach a projected revenue of US$ 32,615.1 million by 2030. A compound annual growth rate of 6.7% is expected of the worldwide hybrid train industry from 2024 to 2030.

Revenue, 2023 (US$M)
$20,674.8
Forecast, 2030 (US$M)
$32,615.1
CAGR, 2024 - 2030
6.7%
Report Coverage
Worldwide

Global hybrid train market, 2018-2030 (US$M)

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Related Markets

North America Hybrid Train Market Outlook

Europe Hybrid Train Market Outlook

Asia Pacific Hybrid Train Market Outlook

Latin America Hybrid Train Market Outlook

MEA Hybrid Train Market Outlook

Global hybrid train market highlights

  • The global hybrid train market generated a revenue of USD 20,674.8 million in 2023 and is expected to reach USD 32,615.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 6.7% by 2030.
  • In terms of segment, electro diesel accounted for a revenue of USD 20,674.8 million in 2023.
  • Electro Diesel is the most lucrative propulsion type segment registering the fastest growth during the forecast period.
  • In terms of region, Europe was the largest revenue generating market in 2023.


Global data book summary

Market revenue in 2023USD 20,674.8 million
Market revenue in 2030USD 32,615.1 million
Growth rate6.7% (CAGR from 2023 to 2030)
Largest segmentElectro diesel
Fastest growing segmentElectro Diesel
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationElectro Diesel


Other key industry trends

  • In terms of revenue, the North America accounted for 27.8% of the global hybrid train market in 2023.

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Hybrid Train Market Scope

Hybrid train market segmentation & scope
Propulsion Type
Electro Diesel
Battery Electric
Hydrogen Powered
Others (Supercapacitor, flywheel energy)
Speed
Below 100 Km/h
100 - 200 Km/h
Above 200 Km/h
Application
Passenger
Freight
Regions
Latin America
Europe
North America
Middle East & Africa
Asia Pacific
Countries
Brazil
Argentina
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
U.S.
Canada
Mexico
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand

Hybrid Train Market Companies

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Global hybrid train market size, by regions, 2018-2030 (US$M)

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