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Global Bullet Train Or High Speed Rail Market
Global Bullet Train or High Speed Rail Market is expected to reach 5,600 Units by 2026 from 3,580 Units in 2018 at CAGR of 5.75%.
Bullet train/High-speed rail market is an advanced railway transport that operates faster than traditional rail traffic. Worldwide, there is no single speed standard to term high-speed rail, new high speed train with speed of 250 kmph and above.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Rise in demand for bullet train/high-speed rail is largely, because of its accuracy and ability to cover large geographic distances in a short time. This is projected to be a major factor driving the bullet train/high-speed rail market throughout the forecast period. Growing government support across the world for incorporation of trains, as they are safe, economical, and a rapid means of transport, is anticipated to drive the bullet train/high-speed rail market during the forecast period. By 2018, high-speed trains are projected to be operating in nearly 24 countries, such as France, Italy, Germany, Spain, China, Japan, , and the U.S., up from only 19 countries presently. Research across the globe has revealed that the number of countries incorporating the bullet train/high-speed rail is projected to approximately double over the next three years.
By technology, increasing demand for rapid mass transit to reduce traffic congestion is majorly responsible for the estimated growth of the wheel on rail technology. Moreover, the maglev technology is projected to record the fastest growth in the coming years for the bullet train/high-speed rail market. The high adoption rate of the maglev technology in the global bullet train/high-speed rail market is projected to make it the fastest growing segment.
Passenger segment led the bullet train/high speed rail market as compared to the freight segment, due to eco-friendly transport with high luxury and comfort. The passenger segment is expected to retain its dominant position in the market during the forecast period.
Region-wise, Asia Pacific is expected to be the XX % largest market share for global bullet train/high-speed rail. This can be generally attributed to the demand for high-speed trains for mass transit, thereby increasing the number of high-speed rail projects in the region.
Key players operating in the global bullet train/high speed rail market, hales Group, Alstom S.A., Hitachi Ltd., Bombardier Transportation, Ansaldo STS, SIEMENS AG, Mitsubishi Electric, Talgo, ABB, Toshiba Infrastructure Systems & Solutions Corporation, Kawasaki Rail Car, Inc., CAF, Construcciones y Auxiliar de Ferrocarriles, S.A., Mitsubishi Heavy Industries, Ltd., and CRRC Corporation limited.
The objective of the report is to present comprehensive analysis of Global Bullet Train or High Speed Rail Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Global Bullet Train or High Speed Rail Market dynamics, structure by analyzing the market segments, and project the Global Bullet Train or High Speed Rail Market size. Clear representation of competitive analysis of key players by Global Bullet Train or High Speed Rail Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Bullet Train or High Speed Rail Market make the report investor’s guide.
Scope of the Global Bullet Train or High Speed Rail Market
Global Bullet Train or High Speed Rail Market, by Propulsion
• Dual power
Global Bullet Train or High Speed Rail Market, by Speed
• 200–299 km/h
• 300–399 km/h
• 400–499 km/h
• Above 500 km/h
Global Bullet Train or High Speed Rail Market, by Application
Global Bullet Train or High Speed Rail Market, by Technology
• Wheel-on rail
Global Bullet Train or High Speed Rail Market, by Component
• Wheel set
• Traction system
• Traction motor
Global Bullet Train or High Speed Rail Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in the Global Bullet Train or High Speed Rail Market
• Hales Group
• Alstom S.A.
• Hitachi Ltd.
• Bombardier Transportation
• Ansaldo STS
• SIEMENS AG
• Mitsubishi Electric
• Toshiba Infrastructure Systems & Solutions Corporation
• Kawasaki Rail Car, Inc.
• Construcciones y Auxiliar de Ferrocarriles
• Mitsubishi Heavy Industries, Ltd.
• CRRC Corporation limited.
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