About High Speed Trains
The high-speed train is a flexible, safe, comfortable and environmentally sustainable model of the transportation industry. Of late, the growth in the usage of mass rapid transmit includes high-speed train network would help to reduce traffic congestion and journey time. For instance, China’s high-speed railway (HSR) construction industry has been experiencing a golden period of opportunities in recent decades. It would accentuate the need for developing the infrastructure of the city to modify and lay new tracks for high-speed train lines in both developing and developed nations. Therefore, the high-speed train market would grow globally in the upcoming years.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.0% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global High Speed Trains market throughout the forecasted period. 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.
Siemens AG (Germany), Bombardier (Canada), CRRC Qingdao Sifang (China), Alstom (France), Kawasaki Heavy Industries, Ltd. (Japan), Hitachi (Japan), Talgo S. A (Spain), Nippon Sharyo (Japan), Hyundai Rotem (South Korea), Adtranz (Germany), Fiat Ferroviaria (Italy), British Rail Engineering Limited (United Kingdom), Stadler Rail (Switzerland), Construcciones y Auxiliar de Ferrocarriles, S.A. (Spain) and East Japan Railway Company (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global High Speed Trains market by , Application (Passenger Travelling and Freight Services) and Region.
On the basis of geography, the market of High Speed Trains 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 Propulsion Type, the sub-segment i.e. Diesel will boost the High Speed Trains market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component Type, the sub-segment i.e. Axle will boost the High Speed Trains market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology Type, the sub-segment i.e. Wheel on Rail will boost the High Speed Trains market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Speed Type, the sub-segment i.e. 200 to 299 km per hour will boost the High Speed Trains market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Growth in Generous Funding from the Developing Countries Government includes China and India in the Development of High Speed Trains
Market Growth Drivers:
The Growth in the Need to Reduce Journey Time and Traffic Congestion Globally and Increasing Adoption for Energy Efficient Transportation across the World
Challenges:
Companies Facing Difficulties in Acquiring Land for High-Speed Train Infrastructure
Restraints:
Huge Capital Investment and High Operating Costs of High-Speed Rail Network
Opportunities:
Developing Economies Adopting High-Speed Train for Faster Transit and The Growth in the Demand for Comfort in Transportation
Market Leaders and their expansionary development strategies
In June 2023, Siemens Mobility has acquired of Optrail S.r.l., an Italian-based technology company, that provides unique algorithms for Traffic Management Systems – TMS – based on mathematical optimization methods and operations research. The acquisition complements Siemens Mobility’s existing Train Planning System – TPS – portfolio and strengthens its position as a leading supplier of software solutions to rail customers
In September 2019, Trenitalia’s Frecciargento trainsets will begin serving Bari (a city in Italy) from the end of September. The former V250 Fyra units have been operating between Milano and Ancona since June, and all 17 sets are expected to be in traffic by the first half of 2020.
"The United States Department of Transportation’s (DOT) Federal Railroad Administration (FRA) issued a final rule establishing modern, performance-based safety standards for railroad passenger equipment. The rule reinforces FRA’s commitment to safety while representing one of the most significant enhancements to the nation’s passenger rail design standards in a century. The rule paves the way for United States high-speed passenger trains to safely travel as fast as 220 miles per hour (mph)."
Key Target Audience
High-Speed/ Bullet Train Rail Manufacturers, High-Speed/ Bullet Train Rail Dealers and Distributors, Power Supply Dealers, Raw Materials Suppliers, Rail Industry Organizations/Associations, Railway Lines Infrastructure Providers, Investment Firms 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.