About High-Speed Rail Market
High-speed rail (HSR) is a type of rail system that runs significantly faster than traditional rail, using an integrated system of specialized rolling stock and dedicated tracks. While there is no single standard that applies worldwide, lines built to handle speeds above 250 km/h (155 mph) or upgraded lines in excess of 200 km/h (124 mph) are widely considered to be high-speed. The benefits of the High-Speed Rail market are more efficient use of time. High-speed mode is a sustainable mode of transport which aids in driving the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Rising demand for maglev technology is the driver of the speed rail market. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain a high market share and establish their position in the market.companies are focusing on developing innovative products and solutions to improve quality and enhance and promote performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
National High-Speed Rail Corporation Limited (India), Shanghai Maglev (China), Fuxing Hao (China), Deutsche bahn ice (Germany), Renfe (Spain), Korail KTX (South Korea), Eurostar e320 and TGV (United Kingdom), Haramain Western Railway (Saudi Arabia), Central Japan Railway Company (Japan) and Hitachi Ltd (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are CRRC (China) and Fuji Electric (Japan).
Segmentation Overview
AMA Research has segmented the market of Global High-Speed Rail Market market by , Application (Passenger and Cargo) and Region.
On the basis of geography, the market of High-Speed Rail Market has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Speed, the sub-segment i.e. 200-300kmh will boost the High-Speed Rail Market market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. Dedicated Line will boost the High-Speed Rail Market market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology , the sub-segment i.e. On wheel will boost the High-Speed Rail Market market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Componen, the sub-segment i.e. Railway will boost the High-Speed Rail Market market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Impulse, the sub-segment i.e. Diesel will boost the High-Speed Rail Market market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Lack of technological development in low income countries
Market Growth Drivers:
Rising demand for maglev technology and Increasing utilization of High-speed mode is as a sustainable mode of transport
Challenges:
Lack of suitable infrastructure
Restraints:
High-Speed Rail Is Too Expensive and It is a power hog
Opportunities:
Increasing population’s inclination towards rail transportation
Market Leaders and their expansionary development strategies
In August 2021, SPANISH national operator Renfe has completed its acquisition of a 50% stake in Czech private operator Leo Express, after the deal was approved by the Spanish Ministry of Finance as it is of strategic importance for international business development, particularly in Central Europe. Renfe is planning to achieve a larger share of international business and plans to expand its services
In July 2021, China unveiled a maglev train capable of a top speed of 600 kph. The maximum speed would make the train, self-developed by China and manufactured in the coastal city of Qingdao, the fastest ground vehicle globally. Using electromagnetic force, the maglev train "levitates" above the track with no contact between the body and the rail.
Key Target Audience
Government Agencies, Manufacturers Of High-speed rail, Power supply dealers, Raw material suppliers, Rail Industry Organization, Investment Firms, End User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.