Market Share of Hybrid Train Industry
The hybrid train market is a highly consolidated market, with dominant players, like CRRC Corporation Limited, Bombardier Inc., Alstom SA, Siemens, and Hitachi. The major players in the market are making strategies to expand their market shares through acquisitions of leading players in the market. For instance, Alstom's acquisition of Bombardier, which has commenced in 2020, is likely to add to earnings per share within two years and generate as much as EUR 400 million in annual savings for Alstom within five years. CRRC Corporation Limited captured a large chunk of the market share in 2019, owing to its wider market presence, not only in China but across other international regions. Europe has been its major market abroad, followed by Asia, Africa, and the Americas. As of 2019, CRRC had acquired about 50 orders from more than 20 countries and regions, such as Singapore, Malaysia, Turkey, and South Africa, covering locomotives, metro and light rail trains, electric multiple units, and engineering maintenance vehicles for subways.
Hybrid Train Market Leaders
CRRC
Bombardier Inc.
Alstom SA
Siemens AG
Hitachi Ltd.
*Disclaimer: Major Players sorted in no particular order
