PUBLISHER: Allied Market Research | PRODUCT CODE: 1266379
PUBLISHER: Allied Market Research | PRODUCT CODE: 1266379
Bullet trains are operating more quickly than traditional rail transportation and offers a higher level of speed than a regular train. These trains run on standard gauge lines, which allows them to travel a long distance more quickly and affordably. The increase in demand for bullet trains is primarily due to this. It is anticipated that an increase in infrastructural facilities and demand for high-speed bullet trains will lessen traffic congestion and travel times while facilitating quick and comfortable transportation.
Moreover, proficiency of customers to reduce journey time & cost and government initiative to improve rail facilities positively impact the growth of the high-speed rail market. High operating costs and high capital investment hamper the growth of the market. Furthermore, improving infrastructure and comfort in transport provide lucrative opportunities for the growth of the bullet trains market.
The bullet train market is segmented on the basis of speed, propulsion, component, and region. By speed, it is divided into 200-299 km/h, 300-399 km/h, 400-499 km/h, and above 500 km/h. By propulsion, it is classified into diesel, electric, and dual power. By component, it is categorized into axle, wheelset, converter, transformer, traction motor, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and MEA.
ABB Ltd., Alstom SA, Siemens AG, Thales Group, Construcciones y Auxiliar de Ferrocarriles, S.A., CRRC Corporation Limited, Hitachi Ltd., Kawasaki Rail Car, Inc., Mitsubishi Heavy Industries Ltd., and Caterpillar Inc. are some of the significant businesses profiled in the bullet train market share.