Latin America Hybrid Train Market Size & Outlook, 2023-2030
The hybrid train market in Latin America is expected to reach a projected revenue of US$ 3,271.3 million by 2030. A compound annual growth rate of 7.2% is expected of Latin America hybrid train market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,015.8
Forecast, 2030 (US$M)
$3,271.3
CAGR, 2024 - 2030
7.2%
Report Coverage
Latin America
Latin America hybrid train market highlights
- The Latin America hybrid train market generated a revenue of USD 2,015.8 million in 2023.
- The market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, electro diesel was the largest revenue generating propulsion type in 2023.
- Electro Diesel is the most lucrative propulsion type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 2,015.8 million |
| Market revenue in 2030 | USD 3,271.3 million |
| Growth rate | 7.2% (CAGR from 2024 to 2030) |
| Largest segment | Electro diesel |
| Fastest growing segment | Electro Diesel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electro Diesel |
| Key market players worldwide | CRRC Corp Ltd ADR, Alstom SA, Siemens AG, Hitachi Rail, Wabtec, Construcciones y Auxiliar de Ferrocarriles, Hyundai Rotem, Talgo, The Kinki Sharyo |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.7% of the global hybrid train market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,656.0 million by 2030.
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Hybrid Train Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| The Kinki Sharyo | View profile | 501-1000 | Osaka, Osaka, Japan, Asia | http://www.kinkisharyo.co.jp/ |
| Talgo | View profile | 5001-10000 | Las Matas, Catalonia, Spain, Europe | http://www.talgo.com |
| Construcciones y Auxiliar de Ferrocarriles | View profile | 5001-10000 | Beasain, Pais Vasco, Spain, Europe | https://www.caf.net/en |
| Hyundai Rotem | View profile | 1001-5000 | Uiwang, Kyonggi-do, South Korea, Asia | https://www.hyundai-rotem.co.kr |
| Hitachi Rail | View profile | 10001+ | London, England, United Kingdom, Europe | http://www.hitachirail.com/ |
| CRRC Corp Ltd ADR | View profile | 154292 | No. 16-5, Central West Fourth Ring Road, Haidian District, Beijing, China, People's Republic of, 100036 | https://www.crrcgc.cc |
| Wabtec | View profile | 10001+ | Pittsburgh, Pennsylvania, United States, North America | https://www.wabteccorp.com/ |
| Alstom SA | View profile | 84748 | 48, Rue Albert Dhalenne, Saint-Ouen-sur-Seine, Paris, France, 93400 | https://www.alstom.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
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