Market Overview:
The global high speed trains market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for passenger and freight transport, technological advancements in the railway sector, and government initiatives for development of high speed railways. Based on type, the global high speed trains market is segmented into wheel on rail and maglev. Wheel on rail dominates the market with a share of more than 90%. This can be attributed to its low cost as compared to maglev technology and better safety features. Maglev technology is expected to grow at a higher CAGR during the forecast period owing to its advantages such as faster acceleration, reduced noise pollution, and increased efficiency over traditional wheel-on-rail systems. Based on application, the global high speed trains market is segmented into passenger transport and freight transport. Passenger transport dominates the market with a share of more than 95%. This can be attributed to rising income levels across countries coupled with increasing urbanization rates which has led to an increase in demand for transportation services.
Product Definition:
A high-speed train (also called a bullet train) is a type of railway service that operates faster than traditional trains. They are often built to connect major cities, and can travel at speeds of up to 350 km/h (217 mph). High-speed trains offer many advantages over traditional trains, including shorter journey times, increased capacity, and reduced environmental impact.
Wheel on Rail:
The wheel on rail is a technology that allows wheels to be directly attached to a rail car. The system offers several benefits over traditional systems, such as the ability to carry more weight and providing better stability while transporting goods.
The global wheel on rail market size was valued at USD 4,867.1 million in 2016.
Maglev:
Maglev is a magnetic levitation train that uses linear electric current to provide propulsion. It is the fastest mode of light rail transportation currently in service. Maglev trains have no mechanical linkages, relying entirely on electromagnetic forces for propelling and braking the vehicle instead of conventional methods such as chains or sprockets. The trains are propelled through a magnetic field generated by super-fine electromagnets that pull against the rails creating an electrical propulsion system similar to an electric motor.
Application Insights:
Passenger transport segment dominated the global high speed trains market in 2017, accounting for more than 60.0% share of the overall revenue. The segment is expected to witness significant growth over the forecast period owing to increasing demand for passenger travel at speeds greater than 300 km/h on conventional rail lines.
The freight transport application is projected to witness a CAGR of XX% from 2018 to 2030 owing to increased government investments in railway infrastructure development across various countries including China, Japan and India as part of ¢â‚¬Å“Make In India¢â‚¬ initiative by Indian Government and its effort towards industrialization.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for high-speed trains over the forecast period. China, Japan, and India are some of the largest markets in Asia Pacific that are anticipated to influence global growth. The Chinese government has planned extensive investments in its high speed rail network which is likely to positively impact industry growth over the next eight years.
Europe was followed by Asia Pacific accounting for a share of more than 30% of total revenue in 2017 owing to presence of prominent players such as Siemens AG; Alstom; CAF (China Association Of Machinery Manufacturers); Hyundai Rotem Inc.; CRRC Corporation Ltd.; etc.
Growth Factors:
- Increasing demand for high-speed trains due to the rise in tourism and globalization.
- Government initiatives for the development of high-speed railways networks across different countries.
- Technological advancements in railway infrastructure that are resulting in increased speeds and safety levels of high-speed trains.
- Growing investments by private players in the development of new high-speed train corridors and networks across different regions of the world 5 Increased affordability as a result of economies of scale, which is making these modes more attractive to passengers
Scope Of The Report
Report Attributes
Report Details
Report Title
High Speed Trains Market Research Report
By Type
Wheel on Rail, Maglev
By Application
Passenger Transport, Freight Transport
By Companies
CRRC, Bombardier, Alstom, Siemens, Kawasaki Heavy Industries, Hitachi, Mitsubishi Heavy Industries, Talgo, General Electric, Hyundai Rotem, CRRC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global High Speed Trains Market Report Segments:
The global High Speed Trains market is segmented on the basis of:
Types
Wheel on Rail, Maglev
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Transport, Freight Transport
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CRRC
- Bombardier
- Alstom
- Siemens
- Kawasaki Heavy Industries
- Hitachi
- Mitsubishi Heavy Industries
- Talgo
- General Electric
- Hyundai Rotem
- CRRC
Highlights of The High Speed Trains Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wheel on Rail
- Maglev
- By Application:
- Passenger Transport
- Freight Transport
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Speed Trains Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High Speed Trains are a type of rail transport that travels at speeds over 200 mph. They are typically used to connect major cities, and can be very efficient in terms of travel time.
Some of the key players operating in the high speed trains market are CRRC, Bombardier, Alstom, Siemens, Kawasaki Heavy Industries, Hitachi, Mitsubishi Heavy Industries, Talgo, General Electric, Hyundai Rotem, CRRC.
The high speed trains market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Speed Trains Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 High Speed Trains Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 High Speed Trains Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the High Speed Trains Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global High Speed Trains Market Size & Forecast, 2020-2028 4.5.1 High Speed Trains Market Size and Y-o-Y Growth 4.5.2 High Speed Trains Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wheel on Rail
5.2.2 Maglev
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Transport
6.2.2 Freight Transport
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Speed Trains Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Speed Trains Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wheel on Rail
9.6.2 Maglev
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Transport
9.10.2 Freight Transport
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wheel on Rail
10.6.2 Maglev
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Transport
10.10.2 Freight Transport
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wheel on Rail
11.6.2 Maglev
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Transport
11.10.2 Freight Transport
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wheel on Rail
12.6.2 Maglev
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Transport
12.10.2 Freight Transport
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wheel on Rail
13.6.2 Maglev
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Transport
13.10.2 Freight Transport
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Speed Trains Market: Competitive Dashboard
14.2 Global High Speed Trains Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CRRC
14.3.2 Bombardier
14.3.3 Alstom
14.3.4 Siemens
14.3.5 Kawasaki Heavy Industries
14.3.6 Hitachi
14.3.7 Mitsubishi Heavy Industries
14.3.8 Talgo
14.3.9 General Electric
14.3.10 Hyundai Rotem
14.3.11 CRRC