1. Market Research
  2. > Transportation
  3. > Rail Transportation
  4. > Passenger Rail Transport Market Trends
Global Bullet Train / High-Speed Rail Industry

Global Bullet Train / High-Speed Rail Industry

  • February 2022
  • 191 pages
  • ID: 6219478
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

Abstract:

What`s New for 2022?
-Global competitiveness and key competitor percentage market shares
-Market presence across multiple geographies - Strong/Active/Niche/Trivial
-Online interactive peer-to-peer collaborative bespoke updates
-Access to our digital archives and MarketGlass Research Platform
-Complimentary updates for one year

Global Bullet Train / High-Speed Rail Market to Reach 7.6 Thousand Units by the Year 2026

Bullet trains and high-speed rail represent an advanced option to transport passengers or goods at higher speeds in comparison to conventional trains. Growth in the global market is set to be driven by rising adoption of mass rapid transit coupled with the need to expedite journey time and ease traffic congestion. The significant growth potential is led by attributes such as transport efficiency, high safety and security levels, high level of reliability and environmental friendliness. The global market is set to receive a noteworthy impetus from increasing public expenditure to develop rail transport network, unabated surge in passenger traffic and attractive incentives associated with the use of energy-efficient rail. Factors such as increasing construction activities and rapid urbanization are paving way for connectivity between urban and rural or semi-urban areas, which is bound to present new growth avenues for the market. Bullet train/high-speed rail is likely to also benefit from rapid industrialization and the resulting spike in logistics along with ongoing technological advancements to improve safety and reliability of these trains. The total number of countries with bullet train/high-speed rail is estimated to increase notably in the coming years, including the US, Spain, Germany, Italy, France, Japan and China. Countries like Japan, Spain, France, Germany and China have revolutionized public transportation through implementation of an extensive high-speed train network that has played an important role in significantly expediting the journey time.

Amid the COVID-19 crisis, the global market for Bullet Train / High-Speed Rail estimated at 5.6 Thousand Units in the year 2020, is projected to reach a revised size of 7.6 Thousand Units by 2026, growing at a CAGR of 5.3% over the analysis period. Electric, one of the segments analyzed in the report, is projected to grow at a 5.4% CAGR to reach 7.2 Thousand Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Other Propulsion Types segment is readjusted to a revised 4% CAGR for the next 7-year period. Electric railways are used either for electric locomotives for hauling freight or passengers in separate railcars, or electric multiple units (EMUs) comprising electrically-powered carriages, or both. Electrically-powered locomotives are also typically more reliable, responsive, powerful, and quieter as compared to their diesel-based counterparts. The power for electric railways can be generated from a wide range of energy sources, including renewable resources, making them more efficient than a diesel engine as well as reducing the reliance on petroleum.

The U.S. Market is Estimated at 49 Units in 2021, While China is Forecast to Reach 3.7 Thousand Units by 2026

The Bullet Train / High-Speed Rail market in the U.S. is estimated at 49 Units in the year 2021. The country currently accounts for a 0.9% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of 3.7 Thousand Units in the year 2026 trailing a CAGR of 4.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Europe, each forecast to grow at 4% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR over the analysis period. Around 20 nations have high-speed railways with China featuring the world`s longest network of 35,000km of such tracks. The Chinese government aims to bridge the long distance routes between production areas and key logistics sites by high-speed rail, which offers a safer, more sustainable and low-energy consuming transportation medium. China National Railways has been operating over 9,600 high-speed trains each day by late 2020. These trains included the only high-speed overnight sleeper services in the world. Europe is a major high-speed rail market and is anticipated to continue expanding, driven by long-term plan of the European Commission to expand the high-speed rail lines length from 9,700 km to 30,750 km by 2030. Among the European countries, Spain has the longest network of high-speed railways (AVE, Alta Velocidad Española). The nation ranks next to China as the second longest high speed rail network in the world with over with over 3200km of track.

Select Competitors (Total 38 Featured) -
  • ABB Ltd
  • Alstom SA
  • Construcciones y Auxiliar de Ferrocarriles, S.A.
  • CRRC Corporation Limited
  • Hitachi Ltd.
  • Japan Association of Rolling Stock Industries
  • Kawasaki Rail Car, Inc.
  • Korea Railroad Research Institute
  • Mitsubishi Heavy Industries Ltd.
  • Siemens AG
  • Talgo S.A.
  • Thales Group
  • Toshiba Infrastructure Systems & Solutions Corporation
  • Union of European Railway Industries

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Train Control & Management System Market Research Report by Component, Trains Type, Solution, State - United States Forecast to 2027 - Cumulative Impact of COVID-19

  • $ 2949
  • April 2022
  • 102 pages

Train Control & Management System Market Research Report by Component (Human Machine Interface, Mobile Communication Gateway, and Vehicle Control Unit), Trains Type, Solution, State (Ohio, Pennsylvania, ...

  • United States
  • Software
  • Mobile Services
  • Industry analysis

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on