Bullet Train / High-Speed Rail

World Market Report

MCP10817

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DATE

JUL 2022

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42

PAGES

191

EDITION

10

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USD 5450

CODE

MCP10817


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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.

In the recent years, various countries have started emphasizing on mass rapid transit like high-speed trains to reduce journey time and traffic congestion. The requirement is prompting governments to develop the city infrastructure by laying new tracks to support high-speed 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. On the flip side, high construction, operating and maintenance costs associated with bullet train/high-speed rail continue to hinder overall expansion of the market, particularly in developing and underdeveloped nations.

Amid the COVID-19 crisis, the global market for Bullet Train / High-Speed Rail estimated at 6.1 Thousand Units in the year 2022, 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 52 Units in 2022, 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 52 Units in the year 2022. 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 PLAYERS

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

SEGMENTS

» Propulsion Type (Electric, Other Propulsion Types)

GEOGRAPHIES

» World » USA » Japan » China » Europe » France » Germany » Italy » Spain » Rest of Europe » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Impact of Pandemic on Transport & Rail Industries
Transportation Industry Bites the Dust
Rail Freight Slumps Amid the Crisis
COVID-19 Storm Delays High-Speed Rail Projects
Bullet Train / High-Speed Rail – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Bullet Train/High Speed Rail: An Introduction
Market Outlook
Regional Landscape
China Dominates the World Market
Autonomous Trains Gain Focus
China Braces for Upcoming Projects
Japan
Europe
EXHIBIT: Select High-speed Rail in Europe in Development by Country
United States
US High-Speed Rail Needs Infrastructure Funding & New Projects for Major Jumpstart
High-Speed Rail Yet to Reach Destination despite Plentiful Direct & Spillover Merits
A Look into World’s Fastest Commercial Trains
EXHIBIT: Breakdown of Length of High-Speed Rail Network by Region: 2020
EXHIBIT: Breakdown of Length of High-Speed Network under Construction by Region: 2020
EXHIBIT: Breakdown of Length of High-Speed Network in Commercial Operation by Country: 2020
EXHIBIT: World’s Fastest Trains in Operation by Speed in Miles/hr: March 2021
Competition
EXHIBIT: Market Share of Leading Players in Bullet Train/High-Speed Rail Market: 2019
Recent Market Activity
World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rising Demand for Maglev Technology Augurs Well
Japan & China: Key Adopters of Maglev Technology
EXHIBIT: Global High-Speed Rail Fleet by Technology: 2021 & 2027
Advanced Capabilities of Bullet/ High-Speed Rail as Public Transit Mode Widen the Addressable Market
Compelling Merits of High-Speed Trains
High-Speed Trains Gain as Railway Sustainability Comes to the Fore with COVID-19 Reinforcing the Importance of Environmental Protection & Climate Change Management
EXHIBIT: Global C02 Emissions (In Billion Metric Tons) for Years 2000 Through 2020
EXHIBIT: Carbon Dioxide Emissions in Lbs Per Passenger by Transportation Mode
Growing Focus on the Environment Triggers the Trend Towards Railway Electrification
Rising Government Spending Bodes Well
High Speed Trains Benefit as Governments Step Up the Focus on Developing Rapid Transit Systems
Increasing Realization about Benefits of Rail Freight Augur Well for the Market
Congestion Issues with Road Passenger and Freight Transportation Drives Interest
EXHIBIT 12: World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P
Technology Advancements Drive Future Growth
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Bullet Train / High-Speed Rail by Geographic Region - USA, Japan, China, Europe and Rest of World Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Bullet Train / High-Speed Rail by Geographic Region - USA, Japan, China, Europe and Rest of World Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
World 12-Year Perspective for Bullet Train / High-Speed Rail by Geographic Region - Percentage Breakdown of Value Fleet for USA, Japan, China, Europe and Rest of World Markets for Years 2015, 2021 & 2027
World Recent Past, Current & Future Analysis for Electric by Geographic Region - USA, Japan, China, Europe and Rest of World Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Electric by Geographic Region - USA, Japan, China, Europe and Rest of World Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
World 12-Year Perspective for Electric by Geographic Region - Percentage Breakdown of Value Fleet for USA, Japan, China, Europe and Rest of World for Years 2015, 2021 & 2027
World Recent Past, Current & Future Analysis for Other Propulsion Types by Geographic Region - USA, Japan, China, Europe and Rest of World Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Other Propulsion Types by Geographic Region - USA, Japan, China, Europe and Rest of World Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
World 12-Year Perspective for Other Propulsion Types by Geographic Region - Percentage Breakdown of Value Fleet for USA, Japan, China, Europe and Rest of World for Years 2015, 2021 & 2027
UNITED STATES
Bullet Train / High-Speed Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types - Independent Analysis of Annual Fleet in US$ Thousand for the Years 2020 through 2027 and % CAGR
USA Historic Review for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
USA 12-Year Perspective for Bullet Train / High-Speed Rail by Propulsion Type - Percentage Breakdown of Value Fleet for Electric and Other Propulsion Types for the Years 2015, 2021 & 2027
JAPAN
Bullet Train / High-Speed Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types - Independent Analysis of Annual Fleet in US$ Thousand for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
Japan 12-Year Perspective for Bullet Train / High-Speed Rail by Propulsion Type - Percentage Breakdown of Value Fleet for Electric and Other Propulsion Types for the Years 2015, 2021 & 2027
CHINA
Bullet Train / High-Speed Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, Current & Future Analysis for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types - Independent Analysis of Annual Fleet in US$ Thousand for the Years 2020 through 2027 and % CAGR
China Historic Review for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
China 12-Year Perspective for Bullet Train / High-Speed Rail by Propulsion Type - Percentage Breakdown of Value Fleet for Electric and Other Propulsion Types for the Years 2015, 2021 & 2027
EUROPE
Bullet Train / High-Speed Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Bullet Train / High-Speed Rail by Geographic Region - France, Germany, Italy, Spain and Rest of Europe Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2020 through 2027 and % CAGR
Europe Historic Review for Bullet Train / High-Speed Rail by Geographic Region - France, Germany, Italy, Spain and Rest of Europe Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
Europe 12-Year Perspective for Bullet Train / High-Speed Rail by Geographic Region - Percentage Breakdown of Value Fleet for France, Germany, Italy, Spain and Rest of Europe Markets for Years 2015, 2021 & 2027
Europe Recent Past, Current & Future Analysis for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types - Independent Analysis of Annual Fleet in US$ Thousand for the Years 2020 through 2027 and % CAGR
Europe Historic Review for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
Europe 12-Year Perspective for Bullet Train / High-Speed Rail by Propulsion Type - Percentage Breakdown of Value Fleet for Electric and Other Propulsion Types for the Years 2015, 2021 & 2027
FRANCE
Bullet Train / High-Speed Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types - Independent Analysis of Annual Fleet in US$ Thousand for the Years 2020 through 2027 and % CAGR
France Historic Review for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
France 12-Year Perspective for Bullet Train / High-Speed Rail by Propulsion Type - Percentage Breakdown of Value Fleet for Electric and Other Propulsion Types for the Years 2015, 2021 & 2027
GERMANY
Bullet Train / High-Speed Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types - Independent Analysis of Annual Fleet in US$ Thousand for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
Germany 12-Year Perspective for Bullet Train / High-Speed Rail by Propulsion Type - Percentage Breakdown of Value Fleet for Electric and Other Propulsion Types for the Years 2015, 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types - Independent Analysis of Annual Fleet in US$ Thousand for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
Italy 12-Year Perspective for Bullet Train / High-Speed Rail by Propulsion Type - Percentage Breakdown of Value Fleet for Electric and Other Propulsion Types for the Years 2015, 2021 & 2027
SPAIN
Spain Recent Past, Current & Future Analysis for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types - Independent Analysis of Annual Fleet in US$ Thousand for the Years 2020 through 2027 and % CAGR
Spain Historic Review for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
Spain 12-Year Perspective for Bullet Train / High-Speed Rail by Propulsion Type - Percentage Breakdown of Value Fleet for Electric and Other Propulsion Types for the Years 2015, 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types - Independent Analysis of Annual Fleet in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
Rest of Europe 12-Year Perspective for Bullet Train / High-Speed Rail by Propulsion Type - Percentage Breakdown of Value Fleet for Electric and Other Propulsion Types for the Years 2015, 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types - Independent Analysis of Annual Fleet in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of World Historic Review for Bullet Train / High-Speed Rail by Propulsion Type - Electric and Other Propulsion Types Markets - Independent Analysis of Annual Fleet in US$ Thousand for Years 2015 through 2019 and % CAGR
Rest of World 12-Year Perspective for Bullet Train / High-Speed Rail by Propulsion Type - Percentage Breakdown of Value Fleet for Electric and Other Propulsion Types for the Years 2015, 2021 & 2027
Total Companies Profiled: 38

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