Train Battery Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Train Battery Market is segmented by Battery Type (Lead Acid Battery, Nickel Cadmium Battery, and Lithium Ion Battery), Application Type (Starter Battery and Auxiliary Battery), By Rolling Stock (Locomotive, Metro, Monorail, Tram, Freight Wagon, and Passenger Coaches), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecasts for train battery market in value (USD million) for all the above segments.

Train Battery Market Size

Train Battery Market Summary

Train Battery Market Analysis

The Train Battery Market is expected to register a CAGR of 5.28% during the forecast period.

  • Rising demand for passenger travel and expansion in freight and logistics transportation using railways is anticipated to propel the demand for the train battery market over the forecast period.
  • During COVID-19, the global rail network witnessed a steady decline in freight and logistics transport and metro ridership frequency. This is attributed to the shutdown of various manufacturing and mineral processing plant which uses freight railway for their key transportation needs. Further, strict lockdowns were imposed across the country, which resulted in a downfall in passenger traffic at metro stations.
  • Moreover, post-2021, the period witnessed a steady recovery with expanding metro projects and freight operations across the railway network. Demand for rolling stock has consistently risen with improving government uptake in the global railway transportation sector.
  • To meet the growing transportation needs across the Railway, regional government across the globe is expanding their rapid transit networks within the states to make public transportation more accessible for the urban population. This is done by investing heavily in developing urban rail transit. The focus is on developing high-speed trains, especially Metro trains, for passenger travel which is anticipated to boost the demand for train batteries over the longer term forecast period.
  • Further, Asia Pacific is expected to register the highest growth rate owing to the rapid expansion of the railway network in China, India, Japan, and South Korea. The regional government is focusing on FDI to bring localization which is anticipated to aid the demand for train batteries.

Train Battery Industry Overview

The train battery market is partially fragmented, and some of the major players in the market are Toshiba Corporation, Hitachi, GS Yuasa Corporation, BorgWarner Akasol AG, and Others. The companies are expanding their presence by acquiring other market participants and forming strategic alliances with other players in the market.

Companies are maintaining longer-term alliances with the key rolling stock manufacturer to maintain the seamless supply of the train battery, both started and auxiliary units.

Train Battery Market Leaders

  1. Hitachi Rail Limited

  2. BorgWarner Akasol AG

  3. Shuangdeng Group Co, Ltd.

  4. Toshiba Corporation

  5. Exide Batteries

  6. *Disclaimer: Major Players sorted in no particular order
Train Battery Market Concentration
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Train Battery Market News

  • December 2022: The Irish government approved funding for the purchase by Irish Rail of 90 new train carriages from Alstom. They will be used in the Greater Dublin Area and potentially also on the Cork Commuter network. According to Irish Rail, the new purchase means additional capacity on the network, as carriages can be redeployed. The order will consist of 18 modern 5-carriage battery-electric multiple units (BEMUs) at a cost of around 179 million euros (USD 190.27 million). The first units are expected in 2026.
  • September 2022: Hitachi Rail unveiled a new battery hybrid train at the rail transport fair held in Berlin, Germany. This new battery hybrid train is developed to cut down carbon emissions and fuel usage by 50%. The train is capable of running completely under battery power from start to destination with a maximum speed of 160 km/hr.

Train Battery Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porters Five Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value USD Million)

  • 5.1 Battery Type
    • 5.1.1 Lead Acid Battery
    • 5.1.2 Nickel Cadmium Battery
    • 5.1.3 Lithium Ion Battery
  • 5.2 Application Type
    • 5.2.1 Starter Battery
    • 5.2.2 Auxiliary Battery
  • 5.3 By Rolling Stock
    • 5.3.1 Locomotive
    • 5.3.2 Metro
    • 5.3.3 Monorail
    • 5.3.4 Tram
    • 5.3.5 Freight Wagon
    • 5.3.6 Passenger Coaches
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 India
    • 5.4.3.2 China
    • 5.4.3.3 Japan
    • 5.4.3.4 South Korea
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 Rest of the World
    • 5.4.4.1 South America
    • 5.4.4.2 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 GS Yuasa Corporation
    • 6.2.2 Hitachi Rail Limited
    • 6.2.3 BorgWarner Akasol AG
    • 6.2.4 Amara Raja Batteries Ltd.
    • 6.2.5 Exide Industries Limited
    • 6.2.6 Shuangdeng Group Co, Ltd.
    • 6.2.7 Toshiba Corporation
    • 6.2.8 HBL Power Systems Limited
    • 6.2.9 Enersys
    • 6.2.10 East Penn Manufacturing Company
    • 6.2.11

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Train Battery Industry Segmentation

Train batteries are electrochemical batteries that leverage chemical reactions to produce an electric current. These batteries are used for engine start and power the different electrical components in the train, including HVAC units, lights, etc.

The train battery market is segmented by battery type (lead acid battery, nickel-cadmium battery, and lithium-ion battery), application type (starter battery and auxiliary battery), rolling stock type (locomotive, metro, monorail, tram, freight wagon, and passenger coaches), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). 

The report offers market size and forecasts for the train battery market in value (USD million) for all the above segments.

Battery Type Lead Acid Battery
Nickel Cadmium Battery
Lithium Ion Battery
Application Type Starter Battery
Auxiliary Battery
By Rolling Stock Locomotive
Metro
Monorail
Tram
Freight Wagon
Passenger Coaches
Geography North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World South America
Middle-East and Africa
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Train Battery Market Research FAQs

What is the current Train Battery Market size?

The Train Battery Market is projected to register a CAGR of 5.28% during the forecast period (2025-2030)

Who are the key players in Train Battery Market?

Hitachi Rail Limited, BorgWarner Akasol AG, Shuangdeng Group Co, Ltd., Toshiba Corporation and Exide Batteries are the major companies operating in the Train Battery Market.

Which is the fastest growing region in Train Battery Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Train Battery Market?

In 2025, the Asia-Pacific accounts for the largest market share in Train Battery Market.

What years does this Train Battery Market cover?

The report covers the Train Battery Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Train Battery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Train Battery Industry Report

Statistics for the 2025 Train Battery market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Train Battery analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Train Battery Report Snapshots

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Train Battery Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)