Electric Train Market Size, Growth, Trend & Forecast 2027

Report Description

The global electric train market is anticipated to witness a growth of steady CAGR in the forecast period, 2023-2027. The primary factors are an increase in demand for non-polluting and energy-efficient public vehicles and advancements in electric train technology such as regenerative braking that can enhance the performance of electric trains that are driving the growth of the global electric train market. The other factors, such as growing gasoline prices, concerns regarding greenhouse emissions, and the problems encountered while driving own vehicle, like traffic congestion, are expected to bolster the global electric train market growth over the next five years.

Advantages of Electric Train Drives the Market Growth

Electric trains are powered by electricity, and the external source which powers the electric train could be in the form of a battery or third rail, or an overhead line. Electric trains can either use alternating or direct current and store the electricity in huge batteries or ultracapacitors, which are then used to power the train to move forward. With the depleting conventional sources of energy across the globe and the growing utilization of public transportation services to cover long distances, demand for electric trains is expected to grow in the coming years. Electric trains are considered more advantageous than electric trains as they are more efficient and boast low maintenance costs, resulting in cheaper train tickets. They are comparatively quieter than their counterparts, and the cost-effectiveness of running electric trains is driving their demand worldwide. Electric trains are very fast and support the movement of passengers and goods and services from one place to another, which boosts their reliability. They can cause less wear to the track due to the presence of fewer reciprocating tracks in comparison to traditional trains. Also, electric train lowers carbon emissions to a significant level in contrast to diesel or steam-driven trains. The growing awareness about the benefits of using public transportation modes and electric trains is expected to bolster the global electric train market growth over the next five years.

Supportive Government Regulations Favors High Market Growth

The rise in focus of leading authorities on adopting emission-free transportation modes is making the original equipment manufacturers develop electric trains and their associated electric train infrastructure. Such as, in India, electric trains are introduced to comply with the targets set up by the leading authorities to transform the Indian Railway Network into Green Railways by the year 2030 and are pushing for the complete electrification of the Indian Railways. The government of the United Kingdom has pledged a significant portion of its budget toward the development of electric train infrastructure. The government’s transport decarbonization plan has set a target to achieve net zero by 2050, which can be met by using electric trains. The high-end investments by the leading authorities to develop net zero public transportation services in their respective countries are expected to propel the global electric train market growth in the coming years.

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Market Segmentation

The global electric train market is segmented into train type, speed, battery type, energy transfer, regional distribution, and competitive landscape. Based on the train type, the market is bifurcated into passenger and freight. Based on speed, the market is divided into less than 100 km/h, 100-200 km/h, above 200 km/h. Based on battery type, the market is divided into gel tubular, lead acid, lithium-ion, and others. Based on energy transfer, the market is divided into overhead lines, third rail, on-board energy storage. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North American region, Asia-Pacific region, European & CIS region, South American region, and Middle East & African region. In terms of country, the United States is expected to be a lucrative market in the forecast period as the government is taking significant steps to lower carbon emissions through public transportation services in the country.

Market Players

Siemens AG, Bombardier Inc., General Electric Company, CRRC Corporation Limited, AEG Power Solutions, Stadler Rail AG, Alstom SA, Kawasaki Heavy Industries Ltd., Transmash Holding AG, and Hitachi Ltd are among the major market players operating in the global electric train market.

Attribute	Details
Base Year	2021
Historic Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Train Type · Speed · Battery Type · Energy Transfer
Regional scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Columbia; South Africa; UAE; Saudi Arabia; Egypt
Key companies profiled	Siemens AG, Bombardier Inc., General Electric Company, CRRC Corporation Limited, AEG Power Solutions, Stadler Rail AG, Alstom SA, Kawasaki Heavy Industries Ltd., Transmash Holding AG, Hitachi Ltd.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global electric train market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Electric Train Market, By Train Type:

Passenger
Freight

Electric Train Market, By Speed:

Less than 100 km/h
100-200 km/h
Above 200 km/h

Electric Train Market, By Battery Type:

Gel Tubular
Lead Acid
Lithium-Ion
Others

Electric Train Market, By Energy Transfer:

Overhead Lines
Third Rail
On-Board Energy Storage

Electric Train Market, By Region:

North America

United States
Canada
Mexico

Asia-Pacific

China
India
Japan
Malaysia
Thailand
Indonesia
Vietnam
South Korea

Europe & CIS

Germany
France
United Kingdom
Spain
Italy
Belgium
Russia

South America

Brazil
Argentina
Colombia

Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global electric train market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global electric train market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of Russia-Ukraine War on Global Electric Train Market

5. Voice of Customer

5.1. Factors Influencing Purchase Decision

5.2. Aided Brand Recall and Unaided Brand Recall

5.3. Brand Satisfaction Level

6. Global Electric Train Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value and Volume

6.2. Market Share & Forecast

6.2.1. By Train Type (Passenger, Freight)

6.2.2. By Speed (Less than 100 km/h, 100-200 km/h, Above 200 km/h)

6.2.3. By Battery Type (Gel Tubular, Lead Acid, Lithium-Ion, Others)

6.2.4. By Energy Transfer (Overhead Lines, Third Rail, On-Board Energy Storage)

6.2.5. By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)

6.2.6. By Company (2021)

6.3. Product Market Map (By Train Type, By Region)

7. North America Electric Train Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value and Volume

7.2. Market Share & Forecast

7.2.1. By Train Type

7.2.2. By Speed

7.2.3. By Battery Type

7.2.4. By Energy Transfer

7.2.5. By Country (United States; Canada; Mexico)

7.3. Product Market Map (By Train Type, By Country)

7.4. North America: Country Analysis

7.4.1. United States Electric Train Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value and Volume

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Train Type

7.4.1.2.2. By Speed

7.4.1.2.3. By Battery Type

7.4.1.2.4. By Energy Transfer

7.4.2. Canada Electric Train Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value and Volume

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Train Type

7.4.2.2.2. By Speed

7.4.2.2.3. By Battery Type

7.4.2.2.4. By Energy Transfer

7.4.3. Mexico Electric Train Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value and Volume

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Train Type

7.4.3.2.2. By Speed

7.4.3.2.3. By Battery Type

7.4.3.2.4. By Energy Transfer

8. Asia Pacific Electric Train Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value and Volume

8.2. Market Share & Forecast

8.2.1. By Train Type

8.2.2. By Speed

8.2.3. By Battery Type

8.2.4. By Energy Transfer

8.2.5. By Country (China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea)

8.2.6. Product Market Map (By Train Type, By Country)

8.3. Asia Pacific: Country Analysis

8.3.1. China Electric Train Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value and Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Train Type

8.3.1.2.2. By Speed

8.3.1.2.3. By Battery Type

8.3.1.2.4. By Energy Transfer

8.3.2. India Electric Train Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value and Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Train Type

8.3.2.2.2. By Speed

8.3.2.2.3. By Battery Type

8.3.2.2.4. By Energy Transfer

8.3.3. Japan Electric Train Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value and Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Train Type

8.3.3.2.2. By Speed

8.3.3.2.3. By Battery Type

8.3.3.2.4. By Energy Transfer

8.3.4. Malaysia Electric Train Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value and Volume

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Train Type

8.3.4.2.2. By Speed

8.3.4.2.3. By Battery Type

8.3.4.2.4. By Energy Transfer

8.3.5. Thailand Electric Train Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value and Volume

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Train Type

8.3.5.2.2. By Speed

8.3.5.2.3. By Battery Type

8.3.5.2.4. By Energy Transfer

8.3.6. Indonesia Electric Train Market Outlook

8.3.6.1. Market Size & Forecast

8.3.6.1.1. By Value and Volume

8.3.6.2. Market Share & Forecast

8.3.6.2.1. By Train Type

8.3.6.2.2. By Speed

8.3.6.2.3. By Battery Type

8.3.6.2.4. By Energy Transfer

8.3.7. Vietnam Electric Train Market Outlook

8.3.7.1. Market Size & Forecast

8.3.7.1.1. By Value and Volume

8.3.7.2. Market Share & Forecast

8.3.7.2.1. By Train Type

8.3.7.2.2. By Speed

8.3.7.2.3. By Battery Type

8.3.7.2.4. By Energy Transfer

8.3.8. South Korea Electric Train Market Outlook

8.3.8.1. Market Size & Forecast

8.3.8.1.1. By Value and Volume

8.3.8.2. Market Share & Forecast

8.3.8.2.1. By Train Type

8.3.8.2.2. By Speed

8.3.8.2.3. By Battery Type

8.3.8.2.4. By Energy Transfer

9. Europe & CIS Electric Train Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value and Volume

9.2. Market Share & Forecast

9.2.1. By Train Type

9.2.2. By Speed

9.2.3. By Battery Type

9.2.4. By Energy Transfer

9.2.5. By Country (Germany, France, United Kingdom, Spain, Italy, Belgium, Russia)

9.3. Product Market Map (By Train Type, By Country)

9.4. Europe & CIS: Country Analysis

9.4.1. Germany Electric Train Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value and Volume

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Train Type

9.4.1.2.2. By Speed

9.4.1.2.3. By Battery Type

9.4.1.2.4. By Energy Transfer

9.4.2. France Electric Train Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value and Volume

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Train Type

9.4.2.2.2. By Speed

9.4.2.2.3. By Battery Type

9.4.2.2.4. By Energy Transfer

9.4.3. United Kingdom Electric Train Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value and Volume

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Train Type

9.4.3.2.2. By Speed

9.4.3.2.3. By Battery Type

9.4.3.2.4. By Energy Transfer

9.4.4. Spain Electric Train Market Outlook

9.4.4.1. Market Size & Forecast

9.4.4.1.1. By Value and Volume

9.4.4.2. Market Share & Forecast

9.4.4.2.1. By Train Type

9.4.4.2.2. By Speed

9.4.4.2.3. By Battery Type

9.4.4.2.4. By Energy Transfer

9.4.5. Italy Electric Train Market Outlook

9.4.5.1. Market Size & Forecast

9.4.5.1.1. By Value and Volume

9.4.5.2. Market Share & Forecast

9.4.5.2.1. By Train Type

9.4.5.2.2. By Speed

9.4.5.2.3. By Battery Type

9.4.5.2.4. By Energy Transfer

9.4.6. Belgium Electric Train Market Outlook

9.4.6.1. Market Size & Forecast

9.4.6.1.1. By Value and Volume

9.4.6.2. Market Share & Forecast

9.4.6.2.1. By Train Type

9.4.6.2.2. By Speed

9.4.6.2.3. By Battery Type

9.4.6.2.4. By Energy Transfer

9.4.7. Russia Electric Train Market Outlook

9.4.7.1. Market Size & Forecast

9.4.7.1.1. By Value and Volume

9.4.7.2. Market Share & Forecast

9.4.7.2.1. By Train Type

9.4.7.2.2. By Speed

9.4.7.2.3. By Battery Type

9.4.7.2.4. By Energy Transfer

10. South America Electric Train Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value and Volume

10.2. Market Share & Forecast

10.2.1. By Train Type

10.2.2. By Speed

10.2.3. By Battery Type

10.2.4. By Energy Transfer

10.2.5. By Country (Brazil, Argentina, Colombia)

10.3. Product Market Map (By Train Type, By Country)

10.4. South America: Country Analysis

10.4.1. Brazil Electric Train Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value and Volume

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Train Type

10.4.1.2.2. By Speed

10.4.1.2.3. By Battery Type

10.4.1.2.4. By Energy Transfer

10.4.2. Argentina Electric Train Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value and Volume

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Train Type

10.4.2.2.2. By Speed

10.4.2.2.3. By Battery Type

10.4.2.2.4. By Energy Transfer

10.4.3. Colombia Electric Train Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value and Volume

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Train Type

10.4.3.2.2. By Speed

10.4.3.2.3. By Battery Type

10.4.3.2.4. By Energy Transfer

11. Middle East and Africa Electric Train Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value and Volume

11.2. Market Share & Forecast

11.2.1. By Train Type

11.2.2. By Speed

11.2.3. By Battery Type

11.2.4. By Energy Transfer

11.2.5. By Country (South Africa, UAE, Saudi Arabia, Egypt)

11.3. Product Market Map (By Train Type, By Country)

11.4. Middle East and Africa: Country Analysis

11.4.1. South Africa Electric Train Market Outlook

11.4.1.1. Market Size & Forecast

11.4.1.1.1. By Value and Volume

11.4.1.2. Market Share & Forecast

11.4.1.2.1. By Train Type

11.4.1.2.2. By Speed

11.4.1.2.3. By Battery Type

11.4.1.2.4. By Energy Transfer

11.4.2. UAE Electric Train Market Outlook

11.4.2.1. Market Size & Forecast

11.4.2.1.1. By Value and Volume

11.4.2.2. Market Share & Forecast

11.4.2.2.1. By Train Type

11.4.2.2.2. By Speed

11.4.2.2.3. By Battery Type

11.4.2.2.4. By Energy Transfer

11.4.3. Saudi Arabia Electric Train Market Outlook

11.4.3.1. Market Size & Forecast

11.4.3.1.1. By Value and Volume

11.4.3.2. Market Share & Forecast

11.4.3.2.1. By Train Type

11.4.3.2.2. By Speed

11.4.3.2.3. By Battery Type

11.4.3.2.4. By Energy Transfer

11.4.4. Egypt Electric Train Market Outlook

11.4.4.1. Market Size & Forecast

11.4.4.1.1. By Value and Volume

11.4.4.2. Market Share & Forecast

11.4.4.2.1. By Train Type

11.4.4.2.2. By Speed

11.4.4.2.3. By Battery Type

11.4.4.2.4. By Energy Transfer

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Partial List of Leading Companies)

14.1.1. Siemens AG

14.1.2. Bombardier Inc.

14.1.3. General Electric Company

14.1.4. CRRC Corporation Limited

14.1.5. AEG Power Solutions

14.1.6. Stadler Rail AG

14.1.7. Alstom SA

14.1.8. Kawasaki Heavy Industries Ltd.

14.1.9. Transmash Holding AG

14.1.10. Hitachi Ltd.

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the major drivers for the global electric train market?

An increase in demand for non-polluting and energy-efficient public transportation vehicles and advancements in electric train technology is driving the demand for the global electric train market.

Who are the top players operating in the global electric train market?

Siemens AG, Bombardier Inc., General Electric Company, CRRC Corporation Limited, AEG Power Solutions, Stadler Rail AG, Alstom SA, Kawasaki Heavy Industries Ltd., Transmash Holding AG, and Hitachi Ltd are the key players operating in the global electric train market.

Which train type is expected to dominate the global electric train market in the forecast period?

Based on train type, the market is bifurcated into passenger and freight. Passenger trains are expected to capture the highest market share in the forecast period.