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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe to Account for a Significant Share in the Hybrid Train Industry
Geographically, the hybrid train industry in Europe is expected to witness a significant growth during the forecast period owing to the rise in adoption of hybrid train in countries such as France, Spain, Germany, and the UK. Furthermore, as urbanisation and rail infrastructure construction activities increase in European countries, the demand for hybrid trains is expected to grow, thereby propelling the industry forward during the forecast period. The market is expected to grow due to an increase in government initiatives aimed at reducing carbon emissions.
Hybrid Train Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.3% between 2024 and 2032.
The major drivers of the industry, such as the increasing demand for eco-friendly and energy-efficient rail operations, favourable government initiatives, and the growing need for transportation, are expected to aid the market growth.
The key market trend guiding the growth of the industry include the continuous research and development activities by the key industry players.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Battery operated, electro diesel, and hydrogen powered, among others are the major segments based on propulsion considered within the market report.
The significant applications considered within the market report include passenger and freight.
The major players in the industry are CRRC CORPORATION LIMITED, ALSTOM Holdings, Siemens Mobility GmbH, Hitachi Rail Limited, Rolls-Royce plc, and Toshiba Infrastructure Systems & Solutions Corporation, among others.
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