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Bullet Train Market

Global Bullet Train Market Size, Share, Trends, Forecast: By Propulsion: Diesel, Electric, Dual Power; By Speed: 200 to 299 Km/h, 300 to 399 Km/h, 400 to 499 Km/h, Above 500 Km/h; By Component: Traction Motor, Axle, Wheelset, Converter, Transformer, Others; By Technology; By Application; Regional Analysis; Competitive Landscape; 2024-2032

Global Bullet Train Market Outlook

The global bullet train market size is assessed to grow at a CAGR of 5.7% between 2024 and 2032. The market is being driven by the growing demand for sustainable transportation modes and increasing investments by governments in the railway sector.

 

Key Trends in the Market

Bullet trains are trains that operate on high-speed railway networks and can reach a maximum speed of 320 km/h. They offer time-efficient and unique travel experiences to passengers and are commonly known as ‘Shinkansen’ in Japan. Bullet trains can help reduce the reliance on personal mobility solutions, decrease road congestion, and aid the decarbonisation of the transportation sector.

 

  • The introduction of government initiatives aimed at developing high-speed trains is one of the prominent bullet train market trends. With rapid industrialisation, growing traffic congestion, and increasing population levels, especially in developing countries like India, bullet trains can improve connectivity, minimise travel times, and positively impact economic development.
  • The rising demand for sustainable modes of transportation and the growing concerns regarding deteriorating quality of life due to rising pollution levels are positively influencing the bullet train market growth. High-speed trains can carry a larger number of passengers as compared to aircraft, produce minimal carbon emissions, can operate in different weather conditions, and can transport heavier loads than conventional trains, among others.
  • The bullet train market demand is expected to be fuelled in the forecast period by the rising utilisation of automation technologies. Key players are deploying advanced technologies as well as robots to automate high-speed rail network construction and minimise the requirement for labourers in challenging tasks.

 

Market Analysis

Based on propulsion, the market is segmented into diesel, electric, and dual power. On the basis of speed, the market can be divided into 200 to 299 Km/h. 300 to 399 Km/h, 400 to 499 Km/h, and above 500 Km/h.

 

By component, the bullet train market segmentation includes traction motor, axle, wheelset, converter, and transformer, among others. The market, on the basis of technology, is bifurcated into wheel on rail and maglev.

 

Based on application, the market categorisation includes passenger and freight. The major regional markets for bullet train include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global bullet train market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Thales Group 
  • Siemens AG 
  • ABB Ltd. 
  • CRRC Corporation Limited 
  • Hitachi Ltd. 
  • Fuji Electric Co., Ltd.,  
  • Kinki Sharyo Co Ltd 
  • Alstom SA 
  • Construcciones y Auxiliar de Ferrocarriles, S.A. 
  • Patentes Talgo S.L.U.  
  • Others

 

Market Share by Application

Passenger accounts for a substantial portion of the bullet train market share due to the rising demand for sustainable transportation modes among environmentally conscious passengers. The affordability, rapid commute time, convenience, dependability, and comfortability offered by bullet trains also make them an appealing choice for passengers.

 

Moreover, the increasing number of rail passengers, especially in countries like Japan, China, and South Korea, among others, is positively influencing the segment’s growth.

 

Market Share by Region

As per the bullet train market analysis, the Asia Pacific accounts for a significant share of the market owing to the increasing development of high-speed rail networks in the region. Countries such as Indonesia and China in the region are attempting to develop bullet trains to provide reliable and time-saving transportation services. Moreover, increasing investments in the upgradation and replacement activities of bullet trains by governments in the region are expected to positively impact the market in the forecast period.

 

Competitive Landscape

CRRC Corporation Limited, also known as China Railway Rolling Stock Corporation, is a Chinese supplier of rail transit equipment. Its business encompasses designing, manufacturing, leasing, selling, R&D, and technical services for urban rail transit vehicles, rolling stock, and electronic parts and equipment, among others. Established in 2015, the company has constantly upgraded its capabilities and has played an instrumental role in China’s railway industry.

 

Thales Group is a global technology company with expertise in the aeronautics and space, security and defence, and digital identity sectors. Its products and solutions are aimed at making the world safer, greener, and more inclusive. With a wide employee base in 68 countries across the world, the company invests extensively in R&D activities in areas such as 6G, quantum technologies, edge computing, and security.

 

ABB Ltd. is a leader in technologies such as automation and electrification that is based in Zurich, Switzerland. Its solutions and products are aimed at creating a resource-efficient and sustainable future and accelerating industrial transformation. In addition, the company offers energy-efficient and innovative technologies to the railway industry and develops and services subsystems and components utilised in rail infrastructure.

 

Other bullet train market players include Siemens AG, Hitachi Ltd., Fuji Electric Co., Ltd., Kinki Sharyo Co Ltd, Alstom SA, Construcciones y Auxiliar de Ferrocarriles, S.A., and Patentes Talgo S.L.U., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Propulsion
  • Speed
  • Component
  • Technology
  • Application
  • Region
Breakup by Propulsion
  • Diesel
  • Electric
  • Dual Power
Breakup by Speed
  • 200 to 299 Km/h
  • 300 to 399 Km/h
  • 400 to 499 Km/h
  • Above 500 Km/h
Breakup by Component
  • Traction Motor
  • Axle
  • Wheelset
  • Converter
  • Transformer
  • Others
Breakup by Technology
  • Wheel on Rail
  • Maglev
Breakup by Application
  • Passenger
  • Freight
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Thales Group 
  • Siemens AG 
  • ABB Ltd. 
  • CRRC Corporation Limited 
  • Hitachi Ltd. 
  • Fuji Electric Co., Ltd.,  
  • Kinki Sharyo Co Ltd 
  • Alstom SA 
  • Construcciones y Auxiliar de Ferrocarriles, S.A. 
  • Patentes Talgo S.L.U.  
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description   
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Bullet Train Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Bullet Train Historical Market (2018-2023) 
    8.3    Global Bullet Train Market Forecast (2024-2032)
    8.4    Global Bullet Train Market by Propulsion
        8.4.1    Diesel
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Electric
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Dual Power
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Bullet Train Market by Speed
        8.5.1    200 to 299 Km/h
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    300 to 399 Km/h
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    400 to 499 Km/h
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Above 500 Km/h
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
    8.6    Global Bullet Train Market by Component
        8.6.1    Traction Motor
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Axle
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Wheelset
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Converter
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Transformer
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Others
    8.7    Global Bullet Train Market by Technology
        8.7.1    Wheel on Rail 
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Maglev
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
    8.8    Global Bullet Train Market by Application
        8.8.1    Passenger 
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Freight
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
    8.9    Global Bullet Train Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023)
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023)
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023)
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Bullet Train Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Bullet Train Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Bullet Train Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Bullet Train Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Bullet Train Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Thales Group 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Siemens AG 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    ABB Ltd. 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    CRRC Corporation Limited 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Hitachi Ltd. 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Fuji Electric Co., Ltd.,  
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Kinki Sharyo Co Ltd 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Alstom SA 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Construcciones y Auxiliar de Ferrocarriles, S.A. 
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Patentes Talgo S.L.U.  
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Bullet Train Market: Key Industry Highlights, 2018 and 2032
2.    Global Bullet Train Historical Market: Breakup by Propulsion (USD Million), 2018-2023
3.    Global Bullet Train Market Forecast: Breakup by Propulsion (USD Million), 2024-2032
4.    Global Bullet Train Historical Market: Breakup by Speed (USD Million), 2018-2023
5.    Global Bullet Train Market Forecast: Breakup by Speed (USD Million), 2024-2032
6.    Global Bullet Train Historical Market: Breakup by Component (USD Million), 2018-2023
7.    Global Bullet Train Market Forecast: Breakup by Component (USD Million), 2024-2032
8.    Global Bullet Train Historical Market: Breakup by Technology (USD Million), 2018-2023
9.    Global Bullet Train Market Forecast: Breakup by Technology (USD Million), 2024-2032
10.    Global Bullet Train Historical Market: Breakup by Application (USD Million), 2018-2023
11.    Global Bullet Train Market Forecast: Breakup by Application (USD Million), 2024-2032
12.    Global Bullet Train Historical Market: Breakup by Region (USD Million), 2018-2023
13.    Global Bullet Train Market Forecast: Breakup by Region (USD Million), 2024-2032
14.    North America Bullet Train Historical Market: Breakup by Country (USD Million), 2018-2023
15.    North America Bullet Train Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Europe Bullet Train Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Europe Bullet Train Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Asia Pacific Bullet Train Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Asia Pacific Bullet Train Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Latin America Bullet Train Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Latin America Bullet Train Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Middle East and Africa Bullet Train Historical Market: Breakup by Country (USD Million), 2018-2023
23.    Middle East and Africa Bullet Train Market Forecast: Breakup by Country (USD Million), 2024-2032
24.    Global Bullet Train Market Structure

Key Questions Answered in the Report

What is the growth rate of the global bullet train market?

The market is assessed to grow at a CAGR of 5.7% between 2024 and 2032.

What are the major bullet train market drivers?

The major market drivers are the introduction of favourable government initiatives aimed at developing high-speed trains, surging congestion on roads, and rising concerns regarding pollution caused by aircraft.

What are the key trends of the bullet train market?

The rising preference for affordable and dependable transport modes and the growing adoption of automation technologies are the key trends aiding the market growth.

What are the major regional markets of bullet train, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the various components of bullet train?

The various components of bullet train are traction motor, axle, wheelset, converter, and transformer, among others.

What are the major segments based on propulsion of bullet train?

Diesel, electric, and dual power are the major segments based on propulsion of bullet train.

What are the different applications of bullet train?

The different applications of bullet train are passenger and freight.

Who are the key players, according to the bullet train market report?

The major players in the market are Thales Group, Siemens AG, ABB Ltd., CRRC Corporation Limited, Hitachi Ltd., Fuji Electric Co., Ltd., Kinki Sharyo Co Ltd, Alstom SA, Construcciones y Auxiliar de Ferrocarriles, S.A., and Patentes Talgo S.L.U., among others.

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We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

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