Global Hybrid Trains Market to Reach 8.1 Thousand Units by 2030
The global market for Hybrid Trains estimated at 6.1 Thousand Units in the year 2023, is expected to reach 8.1 Thousand Units by 2030, growing at a CAGR of 4.1% over the analysis period 2023-2030. Electro Diesel Propulsion Type Hybrid Trains, one of the segments analyzed in the report, is expected to record a 2.8% CAGR and reach 3.4 Thousand Units by the end of the analysis period. Growth in the Battery Operated Hybrid Trains segment is estimated at 5.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at 1.8 Thousand Units, While China is Forecast to Grow at 4% CAGR
The Hybrid Trains market in the U.S. is estimated at 1.8 Thousand Units in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of 1.4 Thousand Units by the year 2030 trailing a CAGR of 4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
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