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Research details developments in the bullet train/high-speed rail market worth 5,287 units by 2025

Automotive and Transportation Market Research

The bullet train/high-speed rail market is estimated to be 3,626 Units in 2018 and is projected to reach 5,287 by 2025, at a CAGR of 5.54% from 2018 to 2025.

The report "Bullet Train/High-Speed Rail Market by Speed in Km/H (200-299, 300-399, Above 400), Track Length, Technology, Application, Propulsion (Electric & Dual), Component (Axle, Transformer, Traction Motor, Traction System), and Region - Global Forecast to 2025", The bullet train/high-speed rail market is estimated to be 3,626 Units in 2018 and is projected to reach a market size of 5,287 Units by 2025, growing at a CAGR of 5.54% during the forecast period.

Browse 58 market data Tables and 78 Figures spread through 172 Pages and in-depth TOC on "Bullet Train/High-Speed Rail Market by Speed in Km/H (200–299, 300–399, Above 400), Track Length, Technology, Application, Propulsion (Electric & Dual), Component (Axle, Transformer, Traction Motor, Traction System), and Region - Global Forecast to 2025"

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The market is driven by factors such as the need for rapid mass transit to reduce traffic congestion and journey time coupled with the demand for energy-efficient transport.

The wheel on rail technology segment is estimated to be the largest growing market in the bullet train/high-speed rail market during the forecast period, by technology

The wheel on rail technology segment is estimated to witness the fastest growth in the bullet train/high-speed rail market due to the rising demand for high-speed rail to avert the fatigue associated with alternate modes of transport such as roadways and airways.

The exponential rise in high-speed rail ridership in the countries such as China and France has fueled the growth of the bullet train/high-speed rail market. Also, the enhancement of current functional trains in high-speed operation is boosting the growth of the wheel on rail technology of bullet train/high-speed rail.

The passenger segment is estimated to be the largest market in the bullet train/high-speed rail market during the forecast period, by application type

The passenger segment is estimated to be the largest market segment, by volume, of the high-speed/bullet train market during the forecast period. The freight segment follows the passenger segment during the forecast period.

The growing demand for eco-friendly transport with high luxury and comfort is attributed for the growth of the passenger segment of the bullet train/high-speed rail market. Technological advancements in the high-speed rail industry is anticipated to push the growth of the freight segment of the bullet train/high-speed rail market.

Europe is one of the leading regional markets for bullet train/high-speed rail market

Europe is projected to be the second fastest growing bullet train/high-speed rail market by 2025. The market growth in the region can be attributed to the rising demand for energy-efficient transport coupled with enhanced comfort and safety in the transit system.

Moreover, the consistent increase in passengers in high-speed rail is boosting the demand for high-speed trains. These factors are expected to trigger the growth of the bullet train/high-speed rail market in the region.

The key players in the bullet train/high-speed rail market include Bombardier (Canada), Alstom (France), Siemens (Germany), Hitachi (Japan), ABB (Switzerland), Talgo (Spain), CAF (Spain), Kawasaki (Japan), Toshiba (Japan), CRRC (China), and Mitsubishi (Japan).

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