Bullet Train-High-Speed Rail Market By Propulsion (Diesel, Electric, Dual Power), BY Speed (200–299 km/h, 300–399 km/h, 400–499 km/h, Above 500 km/h), By Component (Axle, Wheelset, Converter, Transformer, Traction Motor) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Bullet Train-High-Speed Rail Market Introduction

Bullet Train High-Speed Rail (HSR) is a type of rail transportation that travels at a much quicker pace than ordinary rail traffic, with the help of an integrated system of specialist rolling stock and dedicated tracks. While there is no universal criterion, new lines exceeding 250 kilometers per hour (160 miles per hour) and existing lines over 200 kilometers per hour (120 miles per hour) are frequently considered. HSR for the most part work on standard check tracks of constantly welded rail on level isolated option to proceed that fuses a huge turning span in its plan, anyway certain districts with more extensive inheritance rail routes, for example, Russia have looked to foster a rapid rail route network in expansive measure.

Detailed Segmentation

Global Bullet/Train High-Speed Rail is Segmented on the Basis of Propulsion, Speed, Component, Technology, End-Use, and Region. Represented below is a detailed segmental description:

Based on Propulsion:

• Diesel
• Electric
• Dual Power

Based on Speed:

• 200–299 km/h
• 300–399 km/h
• 400–499 km/h
• Above 500 km/h

Based on Component:

• Axle
• Wheelset
• Converter
• Transformer
• Traction Motor
• Traction System
• Pantograph

Based on Technology:

• Wheel on Rail
• Maglev

Based on End-Use:

• Passenger
• Freight

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics 

Drivers for the Global Bullet Train/High-speed Rail Industry:

Increased use of mass rapid transit, such as a high-speed train network, would reduce traffic congestion and trip times. It would stress the importance of upgrading the city’s infrastructure by altering and building new HSR tracks. As a result, the HSR market is expected to grow in terms of revenue in the next decade. The expanded requirement for high-speed experience joined with the capacity to cross huge spans in an opportune and financially savvy way is moving the market forward.

Another factor propelling the market development is the expanded government commitment to modernize the existing rail route foundation to fulfill the need for fast transportation. Moreover, Increased market flexibility for energy-efficient transportation adds to the market’s positive outlook. On the other side, the market’s expansion is constrained by high operating expenses and huge initial investments. High-speed train manufacturers are investing to expand into new markets. These are certain factors that will help augment this target market in the years to come

Opportunity for the Global Bullet Train/High-speed Rail Market:

The government’s increased focus on using energy-efficient rail transportation has resulted in an increase in demand. Rising urbanization or expansion in the development exercises have brought about interfacing the semi-metropolitan and provincial regions to metropolitan regions and this will likewise set out worthwhile development for the bullet train/high-speed rail market. This will create new opportunities for the target market in the years to come.

Restraints for the Global Bullet Train/High-speed Rail Market:

However, high development and operating costs will represent a significant test to the bullet train/high-speed rail market development. Additionally, high upkeep costs related to projectile bullet train/high-speed rail will go about as market limitations for this market.

Competitive Landscape

Key players in this market are

• lstom
• Siemens Mobility
• ABB
• Bombardier
• Hitachi Ltd.
• Toshiba Corporation
• Mitsubishi Heavy Industries Ltd.
• Thales Group.
• Kawasaki Rail Car Inc.
• CRRC Corporation Ltd., and others.

These key players have been focusing on mergers, partnerships, acquisitions, product developments, and collaboration strategies, in order to sustain their competitive edge.

Key Developments

The ICE 4 request was the biggest throughout the entire existence of Siemens Mobility. Another ICE 4 is as of now being added to Deutsche Bahn’s significant distance armada-like clockwork, and by 2024, Siemens Mobility will have conveyed a sum of 137 ICE 4 trains.

In July 2020, Deutsche Bahn granted siemens versatility an extra request for 30 ICE Neo (Velaro MS) trains. In fact, the new train depends on the demonstrated Velaro foundation of the ICE 3.

For the Bullet Train High-Speed Rail Market research study, the following years have been considered to estimate the market size: