The hybrid train market is projected to be worth US$ 23.4 billion in 2024. The market is anticipated to reach US$ 48.5 billion by 2034. The market is further expected to surge at a CAGR of 7.5% during the forecast period 2024 to 2034.
Key Market Trends and Highlights
There is a growing demand for cleaner and more sustainable transportation options, with increasing awareness of environmental issues. Hybrid trains offer lower emissions compared to traditional diesel trains, making them attractive for operators and governments aiming to reduce their carbon footprint.
| Attributes | Key Insights |
|---|---|
| Hybrid Train Market Estimated Size in 2024 | US$ 23.4 billion |
| Projected Market Value in 2034 | US$ 48.5 billion |
| Value-based CAGR from 2024 to 2034 | 7.5% |
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The scope for hybrid train rose at a 9.2% CAGR between 2019 and 2023. The global market is anticipated to grow at a moderate CAGR of 7.5% over the forecast period 2024 to 2034. The market experienced steady growth during the historical period from 2019 to 2023, driven by factors such as increasing awareness of environmental sustainability and the need to reduce greenhouse gas emissions in the transportation sector.
Advances in battery technology, regenerative braking systems, and hybrid propulsion systems improved the performance, reliability, and efficiency of hybrid trains, making them more attractive to railway operators and passengers. Investments in railway infrastructure, including electrification projects and modernization initiatives, provided the necessary infrastructure support for the deployment and operation of hybrid trains on both electrified and non electrified tracks.
Looking ahead to the forecast period from 2024 to 2034, the market is expected to witness significant growth. The shift towards electrification of railway networks will continue, with a growing emphasis on clean energy sources such as renewable electricity and hydrogen fuel cells, driving the development and deployment of electrified hybrid trains.
The integration of autonomous technology in hybrid trains will accelerate, enhancing safety, operational efficiency, and passenger experience through automated train control, collision avoidance systems, and predictive maintenance capabilities.
Governments around the world are implementing stricter emissions regulations and offering incentives for the adoption of environmentally friendly transportation technologies. The regulatory environment is likely to drive the demand for hybrid trains as a way to comply with emissions standards.
Principal Consultant
Hybrid trains typically involve higher initial investment costs compared to traditional diesel trains. The upfront costs associated with hybrid propulsion systems, advanced batteries, and other energy efficient technologies may deter some railway operators from investing in hybrid train fleets.
The below table showcases revenues in terms of the top 5 leading countries, spearheaded by Korea and Japan. The countries are expected to lead the market through 2034.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 7.8% |
| China | 8.4% |
| The United Kingdom | 9.1% |
| Japan | 9.8% |
| Korea | 10.2% |
The hybrid train market in the United States expected to expand at a CAGR of 7.8% through 2034. The government, at both federal and state levels in the country, has demonstrated a commitment to investing in sustainable transportation infrastructure.
Funding programs, grants, and incentives support the development and deployment of hybrid trains as part of efforts to reduce emissions, improve air quality, and enhance transportation efficiency.
Many states and municipalities in the United States have set ambitious emissions reduction targets to combat climate change and improve environmental sustainability. Hybrid trains offer a lower emission alternative to traditional diesel trains, aligning with the objectives of emissions reduction initiatives and regulatory requirements.
The hybrid train market in the United Kingdom is anticipated to expand at a CAGR of 9.1% through 2034. The country is investing in railway electrification projects to reduce dependency on diesel powered trains and lower carbon emissions.
While electrification is a long term goal, hybrid trains offer a transitional solution by providing a cleaner alternative to traditional diesel trains in areas where electrification is not yet feasible or cost effective.
The United Kingdom is expanding and modernizing its rail network to meet growing passenger demand and improve connectivity between urban centers and regional hubs. Investments in new rail lines, station upgrades, and infrastructure enhancements create opportunities for the deployment of hybrid trains to support efficient and sustainable rail transportation.
Hybrid Train trends in China are taking a turn for the better. An 8.4% CAGR is forecast for the country from 2024 to 2034. The country faces significant challenges related to air pollution and urban smog, particularly in major cities.
Hybrid trains offer a cleaner and more environmentally friendly alternative to traditional diesel trains, helping to reduce emissions of harmful pollutants and improve air quality in urban areas.
China is a global leader in railway technology and manufacturing, with advanced capabilities in hybrid propulsion systems, battery technology, and rail infrastructure. Technological innovation and investments in research and development drive continuous improvement and optimization of hybrid trains, enhancing their performance, reliability, and efficiency.
The hybrid train market in Japan is poised to expand at a CAGR of 9.8% through 2034. Hybrid trains support intermodal connectivity and multimodal integration by seamlessly connecting with other modes of transportation, such as buses, trams, and subways.
Integrated transportation networks improve mobility options for passengers and facilitate convenient and efficient travel across different regions and transport modes.
Japanese consumers prioritize safety, reliability, and comfort when choosing transportation options. Hybrid trains offer enhanced safety features, smoother rides, and quieter operation compared to traditional diesel trains, meeting the preferences and expectations of Japanese passengers and driving market demand for hybrid train travel.
The hybrid train market in Korea is anticipated to expand at a CAGR of 10.2% through 2034. Korea has been investing heavily in green technology and renewable energy solutions as part of its commitment to sustainability. Hybrid trains align with the focus of the country on clean energy and environmentally friendly transportation options, making them a key component of sustainable development strategy of the country.
The Korean government has been implementing large scale infrastructure projects to improve transportation networks and promote economic development. Investments in rail infrastructure, including electrification projects and modernization initiatives, create opportunities for the deployment of hybrid trains and support the growth of the hybrid train market.
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The below table highlights how electro diesel segment is projected to lead the market in terms of propulsion type, and is expected to account for a CAGR of 7.3% through 2034. Based on application, the passenger segment is expected to account for a CAGR of 7.1% through 2034.
| Category | CAGR from 2024 to 2034 |
|---|---|
| Electro Diesel | 7.3% |
| Passenger | 7.1% |
Based on propulsion type, the electro diesel segment is expected to continue dominating the hybrid train market. Electro diesel hybrid trains offer the flexibility to operate on both electrified and non-electrified railway tracks.
The versatility allows operators to utilize electric power where available, reducing emissions and energy consumption, while also enabling operation in areas without electrification infrastructure.
Electro diesel hybrid trains help reduce the environmental impact of railway transportation by minimizing emissions and energy consumption. Electro diesel hybrid trains offer a more sustainable and eco-friendly mode of transportation compared to conventional diesel trains, by utilizing electric power for segments of the journey and diesel power when necessary.
In terms of application, the passenger segment is expected to continue dominating the hybrid train market. Government initiatives aimed at promoting sustainable transportation, reducing air pollution, and mitigating climate change are driving the adoption of hybrid trains in passenger rail applications.
Subsidies, grants, and funding programs support the procurement and deployment of hybrid trains, incentivizing railway operators to invest in cleaner and more efficient rolling stock.
Hybrid trains offer a more comfortable and enjoyable passenger experience compared to traditional diesel trains. Reduced noise and vibrations, smoother acceleration, and improved ride quality contribute to passenger satisfaction and loyalty, driving increased ridership and revenue for railway operators.
The competitive landscape of the hybrid train market is characterized by intense competition among key players, technological innovation, government policies, and market dynamics. The hybrid train market has emerged as a critical sector in the broader railway industry, as the demand for sustainable transportation solutions grows globally.
Recent Development
| Attribute | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 23.4 billion |
| Projected Market Valuation in 2034 | US$ 48.5 billion |
| Value-based CAGR 2024 to 2034 | 7.5% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ billion |
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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The hybrid train market is projected to reach a valuation of US$ 23.4 billion in 2024.
The hybrid train industry is set to expand by a CAGR of 7.5% through 2034.
The hybrid train market is forecast to reach US$ 48.5 billion by 2034.
Korea is expected to be the top performing market, exhibiting a CAGR of 10.2% through 2034.
Electro diesel segment is preferred, and is expected to account for a CAGR of 7.3% through 2034.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By PROPULSION TYPE 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By PROPULSION TYPE, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By PROPULSION TYPE, 2024 to 2034 5.3.1. Electro-Diesel 5.3.2. Battery Operated 5.3.3. Hydrogen Powered 5.3.4. Gas-Powered 5.3.5. Solar Powered 5.4. Y-o-Y Growth Trend Analysis By PROPULSION TYPE, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By PROPULSION TYPE, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By APPLICATION 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By APPLICATION, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By APPLICATION, 2024 to 2034 6.3.1. Passenger 6.3.2. Freight 6.4. Y-o-Y Growth Trend Analysis By APPLICATION, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By APPLICATION, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By OPERATING SPEED 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By OPERATING SPEED, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By OPERATING SPEED, 2024 to 2034 7.3.1. Less than 100 km/hr 7.3.2. 100-200 km/hr 7.3.3. More than 200 km/hr 7.4. Y-o-Y Growth Trend Analysis By OPERATING SPEED, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By OPERATING SPEED, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia 8.3.6. Oceania 8.3.7. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By PROPULSION TYPE 9.2.3. By APPLICATION 9.2.4. By OPERATING SPEED 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By PROPULSION TYPE 9.3.3. By APPLICATION 9.3.4. By OPERATING SPEED 9.4. Key Takeaways 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Argentina 10.2.1.4. Rest of Latin America 10.2.2. By PROPULSION TYPE 10.2.3. By APPLICATION 10.2.4. By OPERATING SPEED 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By PROPULSION TYPE 10.3.3. By APPLICATION 10.3.4. By OPERATING SPEED 10.4. Key Takeaways 11. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. UK 11.2.1.5. Spain 11.2.1.6. Russia 11.2.1.7. BENELUX 11.2.1.8. Rest of Europe 11.2.2. By PROPULSION TYPE 11.2.3. By APPLICATION 11.2.4. By OPERATING SPEED 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By PROPULSION TYPE 11.3.3. By APPLICATION 11.3.4. By OPERATING SPEED 11.4. Key Takeaways 12. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By PROPULSION TYPE 12.2.3. By APPLICATION 12.2.4. By OPERATING SPEED 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By PROPULSION TYPE 12.3.3. By APPLICATION 12.3.4. By OPERATING SPEED 12.4. Key Takeaways 13. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Thailand 13.2.1.3. Malaysia 13.2.1.4. Indonesia 13.2.1.5. Rest of South Asia 13.2.2. By PROPULSION TYPE 13.2.3. By APPLICATION 13.2.4. By OPERATING SPEED 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By PROPULSION TYPE 13.3.3. By APPLICATION 13.3.4. By OPERATING SPEED 13.4. Key Takeaways 14. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. Australia 14.2.1.2. New Zealand 14.2.2. By PROPULSION TYPE 14.2.3. By APPLICATION 14.2.4. By OPERATING SPEED 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By PROPULSION TYPE 14.3.3. By APPLICATION 14.3.4. By OPERATING SPEED 14.4. Key Takeaways 15. MEA Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. GCC 15.2.1.2. Rest of MEA 15.2.2. By PROPULSION TYPE 15.2.3. By APPLICATION 15.2.4. By OPERATING SPEED 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By PROPULSION TYPE 15.3.3. By APPLICATION 15.3.4. By OPERATING SPEED 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2023 16.1.2.1. By PROPULSION TYPE 16.1.2.2. By APPLICATION 16.1.2.3. By OPERATING SPEED 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2023 16.2.2.1. By PROPULSION TYPE 16.2.2.2. By APPLICATION 16.2.2.3. By OPERATING SPEED 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2023 16.3.2.1. By PROPULSION TYPE 16.3.2.2. By APPLICATION 16.3.2.3. By OPERATING SPEED 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2023 16.4.2.1. By PROPULSION TYPE 16.4.2.2. By APPLICATION 16.4.2.3. By OPERATING SPEED 16.5. Argentina 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2023 16.5.2.1. By PROPULSION TYPE 16.5.2.2. By APPLICATION 16.5.2.3. By OPERATING SPEED 16.6. Germany 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2023 16.6.2.1. By PROPULSION TYPE 16.6.2.2. By APPLICATION 16.6.2.3. By OPERATING SPEED 16.7. Italy 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2023 16.7.2.1. By PROPULSION TYPE 16.7.2.2. By APPLICATION 16.7.2.3. By OPERATING SPEED 16.8. France 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2023 16.8.2.1. By PROPULSION TYPE 16.8.2.2. By APPLICATION 16.8.2.3. By OPERATING SPEED 16.9. UK 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2023 16.9.2.1. By PROPULSION TYPE 16.9.2.2. By APPLICATION 16.9.2.3. By OPERATING SPEED 16.10. Spain 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2023 16.10.2.1. By PROPULSION TYPE 16.10.2.2. By APPLICATION 16.10.2.3. By OPERATING SPEED 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2023 16.11.2.1. By PROPULSION TYPE 16.11.2.2. By APPLICATION 16.11.2.3. By OPERATING SPEED 16.12. BENELUX 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2023 16.12.2.1. By PROPULSION TYPE 16.12.2.2. By APPLICATION 16.12.2.3. By OPERATING SPEED 16.13. China 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2023 16.13.2.1. By PROPULSION TYPE 16.13.2.2. By APPLICATION 16.13.2.3. By OPERATING SPEED 16.14. Japan 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2023 16.14.2.1. By PROPULSION TYPE 16.14.2.2. By APPLICATION 16.14.2.3. By OPERATING SPEED 16.15. South Korea 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2023 16.15.2.1. By PROPULSION TYPE 16.15.2.2. By APPLICATION 16.15.2.3. By OPERATING SPEED 16.16. India 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2023 16.16.2.1. By PROPULSION TYPE 16.16.2.2. By APPLICATION 16.16.2.3. By OPERATING SPEED 16.17. Thailand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2023 16.17.2.1. By PROPULSION TYPE 16.17.2.2. By APPLICATION 16.17.2.3. By OPERATING SPEED 16.18. Malaysia 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2023 16.18.2.1. By PROPULSION TYPE 16.18.2.2. By APPLICATION 16.18.2.3. By OPERATING SPEED 16.19. Indonesia 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2023 16.19.2.1. By PROPULSION TYPE 16.19.2.2. By APPLICATION 16.19.2.3. By OPERATING SPEED 16.20. Australia 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2023 16.20.2.1. By PROPULSION TYPE 16.20.2.2. By APPLICATION 16.20.2.3. By OPERATING SPEED 16.21. New Zealand 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2023 16.21.2.1. By PROPULSION TYPE 16.21.2.2. By APPLICATION 16.21.2.3. By OPERATING SPEED 16.22. GCC Countries 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2023 16.22.2.1. By PROPULSION TYPE 16.22.2.2. By APPLICATION 16.22.2.3. By OPERATING SPEED 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By PROPULSION TYPE 17.3.3. By APPLICATION 17.3.4. By OPERATING SPEED 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Bombardier, Inc 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. SIEMENS AG 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. TOSHIBA CORPORATION 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. China Railway Rolling Stock Corporation 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Wabtec Corporation 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. Stadler Rail AG 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. BALLARD POWER SYSTEMS 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. Kawasaki Heavy Industries, Ltd 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. ALSTOM SA 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. Hyundai Rotem Company 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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Hybrid Train Market
