The report studies the bullet train/high-speed rail market and forecasts its market size, by volume, based on propulsion (diesel, electric, and dual power), speed (200–299 km/h, 300–399 km/h, 400–499 km/h, and above 500 km/h), application (passenger and freight), technology (wheel-on rail and maglev), components (axle, wheelset, transformer, converter, traction system, traction motor, and pantograph).
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The bullet train/high-speed rail market, in terms of volume, is projected to grow at a CAGR of 5.54% from 2018 to 2025. The market was valued at 3,261 Units in 2017 and is projected to reach 5,287 Units by 2025.
In this study, 2017 has been considered the base year, and 2018–2025 is the forecast period, for estimating the market size of the bullet train/high-speed rail market.
Key Target Audience
- Manufacturers of bullet train/high-speed rail
- Dealers and distributors of bullet train/high-speed rail
- Power supply dealers
- Raw materials suppliers
- Rail Industry organizations/associations
- Infrastructure providers for railway lines
- Investment firms
- Equity research firms
- Private equity firms
Increasing demand for high-speed rail project for efficient transportation & setting up of new HSR lines are expected to drive bullet train/high-speed rail market in Asia Pacific. Asia Pacific region is estimated to lead market, in terms of volume, in 2018.
European region is estimated to be second largest market for bullet train/high-speed rail, due to technological advancements related to operations of trains in region.
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Bullet train/high-speed rail market for passenger segment is anticipated to show largest growth during forecast period. Increasing ridership for high-speed rail is expected to propel growth of passenger segment in bullet train/high-speed rail market.
Freight segment is estimated to account for fastest growth during forecast period due to consistent technological advancements in bullet train/high-speed rail market.
The Asia Pacific region is projected to be the largest bullet train/high-speed rail market by 2025. The need for rapid mass transit to reduce the traffic congestion and journey time is the principal driving factor governing the growth in this region.
The large HSR line infrastructure in countries such as China and Japan is expected to put the Asia Pacific region at the leading position in 2018 as well.
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Some of the key manufacturers operating in the market are Bombardier (Canada), Alstom (France), Siemens (Germany), Hitachi (Japan), and ABB (Switzerland). The rising demand for energy-efficient transport coupled with the demand for luxury in transportation are the factors boosting the growth of the bullet train/high-speed rail market in the European region.
The key factor restraining the growth of the bullet train/high-speed rail market is the high capital investment and operating costs of the high-speed rail network. In addition to this, the acquisition of land is a crucial factor offering a challenge to the growth of the bullet train/high-speed rail market.
The bullet train/high-speed rail market is dominated by a few global players and comprises several regional players.
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