New Analysis from Global Industry Analysts Reveals Steady Growth for Bullet Train / High-Speed Rail, with the Market to Reach 7.6 Thousand Units Worldwide by 2026
SAN FRANCISCO, Oct. 7, 2021 -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Bullet Train / High-Speed Rail - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: September 2021
Executive Pool: 15033
Companies: 38 - Players covered include ABB Group; Alstom SA; Bombardier, Inc.; CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.; CRRC Corporation Limited; Hitachi Ltd.; Kawasaki Rail Car, Inc.; Mitsubishi Heavy Industries, Ltd.; Siemens AG; Strukton; Talgo; Toshiba Corporation and Others.
Coverage: All major geographies and key segments
Segments: Propulsion Type (Electric, Other Propulsion Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
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. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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