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Bullet Train Market by Speed, Propulsion, Component: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 246 Pages
  • February 2023
  • Region: Global
  • Allied Market Research
  • ID: 5781704
Description Jump to:
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.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bullet train market analysis from 2021 to 2031 to identify the prevailing bullet train market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the bullet train market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global bullet train market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Speed

  • 200-299 km/h
  • 300-399 km/h
  • 400-499 km/h
  • Above 500 km/h

By Propulsion

  • Diesel
  • Electric
  • Dual Power

By Component

  • Axle
  • Wheelset
  • Converter
  • Transformer
  • Traction Motor
  • Others

By Region

  • North America
  • U.S.
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • Rest of Asia-Pacific
  • Middle East and Africa
  • Middle East
  • Africa

Key Market Players

  • ABB Ltd.
  • Siemens AG
  • Hitachi Ltd.
  • CRRC CORPORATION LIMITED
  • Kawasaki Rail Car, Inc.
  • Mitsubishi Heavy Industries Ltd.
  • Caterpillar Inc.
  • Alstom SA
  • Thales Group
  • CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, SA

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Low-to-moderate bargaining power of suppliers
3.3.2. Low-to-moderate bargaining power of buyers
3.3.3. Low-to-moderate threat of substitutes
3.3.4. Moderate-to-high threat of new entrants
3.3.5. Moderate-to-high intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in demand for passenger and freight capacity
3.4.1.2. Increase in government spending on construction of railway projects
3.4.1.3. Surge in demand for secure, safer, and efficient transport system
3.4.2. Restraints
3.4.2.1. Lack of skilled staff and lack of reimbursement in developing countries
3.4.2.2. Lack of technology infrastructure and consistency in developing countries
3.4.3. Opportunities
3.4.3.1. Improvement in railway infrastructure in developing countries
3.4.3.2. Technological advancements in bullet trains by manufacturers
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: BULLET TRAIN MARKET, BY SPEED
4.1. Overview
4.1.1. Market size and forecast
4.2. 200-299 km/h
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. 300-399 km/h
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. 400-499 km/h
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Above 500 km/h
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
CHAPTER 5: BULLET TRAIN MARKET, BY PROPULSION
5.1. Overview
5.1.1. Market size and forecast
5.2. Diesel
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Electric
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Dual Power
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: BULLET TRAIN MARKET, BY COMPONENT
6.1. Overview
6.1.1. Market size and forecast
6.2. Axle
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Wheelset
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Converter
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Transformer
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Traction Motor
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
6.7. Others
6.7.1. Key market trends, growth factors and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market share analysis by country
CHAPTER 7: BULLET TRAIN MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Speed
7.2.3. Market size and forecast, by Propulsion
7.2.4. Market size and forecast, by Component
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Speed
7.2.5.1.3. Market size and forecast, by Propulsion
7.2.5.1.4. Market size and forecast, by Component
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Speed
7.3.3. Market size and forecast, by Propulsion
7.3.4. Market size and forecast, by Component
7.3.5. Market size and forecast, by country
7.3.5.1. UK
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Speed
7.3.5.1.3. Market size and forecast, by Propulsion
7.3.5.1.4. Market size and forecast, by Component
7.3.5.2. Germany
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Speed
7.3.5.2.3. Market size and forecast, by Propulsion
7.3.5.2.4. Market size and forecast, by Component
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Speed
7.3.5.3.3. Market size and forecast, by Propulsion
7.3.5.3.4. Market size and forecast, by Component
7.3.5.4. Spain
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Speed
7.3.5.4.3. Market size and forecast, by Propulsion
7.3.5.4.4. Market size and forecast, by Component
7.3.5.5. Italy
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Speed
7.3.5.5.3. Market size and forecast, by Propulsion
7.3.5.5.4. Market size and forecast, by Component
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Speed
7.3.5.6.3. Market size and forecast, by Propulsion
7.3.5.6.4. Market size and forecast, by Component
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Speed
7.4.3. Market size and forecast, by Propulsion
7.4.4. Market size and forecast, by Component
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Speed
7.4.5.1.3. Market size and forecast, by Propulsion
7.4.5.1.4. Market size and forecast, by Component
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Speed
7.4.5.2.3. Market size and forecast, by Propulsion
7.4.5.2.4. Market size and forecast, by Component
7.4.5.3. Rest of Asia-Pacific
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Speed
7.4.5.3.3. Market size and forecast, by Propulsion
7.4.5.3.4. Market size and forecast, by Component
7.5. Middle East and Africa
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Speed
7.5.3. Market size and forecast, by Propulsion
7.5.4. Market size and forecast, by Component
7.5.5. Market size and forecast, by country
7.5.5.1. Middle East
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Speed
7.5.5.1.3. Market size and forecast, by Propulsion
7.5.5.1.4. Market size and forecast, by Component
7.5.5.2. Africa
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Speed
7.5.5.2.3. Market size and forecast, by Propulsion
7.5.5.2.4. Market size and forecast, by Component
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. ABB Ltd.
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. Alstom SA
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.2.7. Key strategic moves and developments
9.3. Siemens AG
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. Thales Group
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. Hitachi Ltd.
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, SA
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.7. CRRC CORPORATION LIMITED
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.7.7. Key strategic moves and developments
9.8. Kawasaki Rail Car, Inc.
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. Mitsubishi Heavy Industries Ltd.
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.10. Caterpillar Inc.
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
List of Tables
TABLE 01. GLOBAL BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 02. BULLET TRAIN MARKET FOR 200-299 KM/H, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 03. BULLET TRAIN MARKET FOR 300-399 KM/H, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 04. BULLET TRAIN MARKET FOR 400-499 KM/H, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 05. BULLET TRAIN MARKET FOR ABOVE 500 KM/H, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 06. GLOBAL BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 07. BULLET TRAIN MARKET FOR DIESEL, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 08. BULLET TRAIN MARKET FOR ELECTRIC, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 09. BULLET TRAIN MARKET FOR DUAL POWER, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 10. GLOBAL BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 11. BULLET TRAIN MARKET FOR AXLE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 12. BULLET TRAIN MARKET FOR WHEELSET, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 13. BULLET TRAIN MARKET FOR CONVERTER, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 14. BULLET TRAIN MARKET FOR TRANSFORMER, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 15. BULLET TRAIN MARKET FOR TRACTION MOTOR, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 16. BULLET TRAIN MARKET FOR OTHERS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 17. BULLET TRAIN MARKET, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 18. NORTH AMERICA BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 19. NORTH AMERICA BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 20. NORTH AMERICA BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 21. NORTH AMERICA BULLET TRAIN MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 22. U.S. BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 23. U.S. BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 24. U.S. BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 25. EUROPE BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 26. EUROPE BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 27. EUROPE BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 28. EUROPE BULLET TRAIN MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 29. UK BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 30. UK BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 31. UK BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 32. GERMANY BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 33. GERMANY BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 34. GERMANY BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 35. FRANCE BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 36. FRANCE BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 37. FRANCE BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 38. SPAIN BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 39. SPAIN BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 40. SPAIN BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 41. ITALY BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 42. ITALY BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 43. ITALY BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 44. REST OF EUROPE BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 45. REST OF EUROPE BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 46. REST OF EUROPE BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 47. ASIA-PACIFIC BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 48. ASIA-PACIFIC BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 49. ASIA-PACIFIC BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 50. ASIA-PACIFIC BULLET TRAIN MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 51. CHINA BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 52. CHINA BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 53. CHINA BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 54. JAPAN BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 55. JAPAN BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 56. JAPAN BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 57. REST OF ASIA-PACIFIC BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 58. REST OF ASIA-PACIFIC BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 59. REST OF ASIA-PACIFIC BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 60. MIDDLE EAST AND AFRICA BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 61. MIDDLE EAST AND AFRICA BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 62. MIDDLE EAST AND AFRICA BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 63. MIDDLE EAST AND AFRICA BULLET TRAIN MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 64. MIDDLE EAST BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 65. MIDDLE EAST BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 66. MIDDLE EAST BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 67. AFRICA BULLET TRAIN MARKET, BY SPEED, 2021-2031 (REVENUE, $MILLION)
TABLE 68. AFRICA BULLET TRAIN MARKET, BY PROPULSION, 2021-2031 (REVENUE, $MILLION)
TABLE 69. AFRICA BULLET TRAIN MARKET, BY COMPONENT, 2021-2031 (REVENUE, $MILLION)
TABLE 70. ABB LTD.: KEY EXECUTIVES
TABLE 71. ABB LTD.: COMPANY SNAPSHOT
TABLE 72. ABB LTD.: PRODUCT SEGMENTS
TABLE 73. ABB LTD.: PRODUCT PORTFOLIO
TABLE 74. ABB LTD.: KEY STRATERGIES
TABLE 75. ALSTOM SA: KEY EXECUTIVES
TABLE 76. ALSTOM SA: COMPANY SNAPSHOT
TABLE 77. ALSTOM SA: PRODUCT SEGMENTS
TABLE 78. ALSTOM SA: PRODUCT PORTFOLIO
TABLE 79. ALSTOM SA: KEY STRATERGIES
TABLE 80. SIEMENS AG: KEY EXECUTIVES
TABLE 81. SIEMENS AG: COMPANY SNAPSHOT
TABLE 82. SIEMENS AG: PRODUCT SEGMENTS
TABLE 83. SIEMENS AG: PRODUCT PORTFOLIO
TABLE 84. SIEMENS AG: KEY STRATERGIES
TABLE 85. THALES GROUP: KEY EXECUTIVES
TABLE 86. THALES GROUP: COMPANY SNAPSHOT
TABLE 87. THALES GROUP: PRODUCT SEGMENTS
TABLE 88. THALES GROUP: PRODUCT PORTFOLIO
TABLE 89. THALES GROUP: KEY STRATERGIES
TABLE 90. HITACHI LTD.: KEY EXECUTIVES
TABLE 91. HITACHI LTD.: COMPANY SNAPSHOT
TABLE 92. HITACHI LTD.: SERVICE SEGMENTS
TABLE 93. HITACHI LTD.: PRODUCT PORTFOLIO
TABLE 94. HITACHI LTD.: KEY STRATERGIES
TABLE 95. CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, SA: KEY EXECUTIVES
TABLE 96. CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, SA: COMPANY SNAPSHOT
TABLE 97. CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, SA: PRODUCT SEGMENTS
TABLE 98. CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, SA: PRODUCT PORTFOLIO
TABLE 99. CRRC CORPORATION LIMITED: KEY EXECUTIVES
TABLE 100. CRRC CORPORATION LIMITED: COMPANY SNAPSHOT
TABLE 101. CRRC CORPORATION LIMITED: PRODUCT SEGMENTS
TABLE 102. CRRC CORPORATION LIMITED: PRODUCT PORTFOLIO
TABLE 103. CRRC CORPORATION LIMITED: KEY STRATERGIES
TABLE 104. KAWASAKI RAIL CAR, INC.: KEY EXECUTIVES
TABLE 105. KAWASAKI RAIL CAR, INC.: COMPANY SNAPSHOT
TABLE 106. KAWASAKI RAIL CAR, INC.: PRODUCT SEGMENTS
TABLE 107. KAWASAKI RAIL CAR, INC.: PRODUCT PORTFOLIO
TABLE 108. MITSUBISHI HEAVY INDUSTRIES LTD.: KEY EXECUTIVES
TABLE 109. MITSUBISHI HEAVY INDUSTRIES LTD.: COMPANY SNAPSHOT
TABLE 110. MITSUBISHI HEAVY INDUSTRIES LTD.: PRODUCT SEGMENTS
TABLE 111. MITSUBISHI HEAVY INDUSTRIES LTD.: PRODUCT PORTFOLIO
TABLE 112. CATERPILLAR INC.: KEY EXECUTIVES
TABLE 113. CATERPILLAR INC.: COMPANY SNAPSHOT
TABLE 114. CATERPILLAR INC.: PRODUCT SEGMENTS
TABLE 115. CATERPILLAR INC.: PRODUCT PORTFOLIO
List of Figures
FIGURE 01. BULLET TRAIN MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF BULLET TRAIN MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN BULLET TRAIN MARKET (2022-2031)
FIGURE 04. LOW-TO-MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05. LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 06. LOW-TO-MODERATE THREAT OF SUBSTITUTES
FIGURE 07. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 08. MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALBULLET TRAIN MARKET
FIGURE 10. BULLET TRAIN MARKET, BY SPEED, 2021 (%)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF BULLET TRAIN MARKET FOR 200-299 KM/H, BY COUNTRY 2021-2031 (%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF BULLET TRAIN MARKET FOR 300-399 KM/H, BY COUNTRY 2021-2031 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF BULLET TRAIN MARKET FOR 400-499 KM/H, BY COUNTRY 2021-2031 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF BULLET TRAIN MARKET FOR ABOVE 500 KM/H, BY COUNTRY 2021-2031 (%)
FIGURE 15. BULLET TRAIN MARKET, BY PROPULSION, 2021 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF BULLET TRAIN MARKET FOR DIESEL, BY COUNTRY 2021-2031 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF BULLET TRAIN MARKET FOR ELECTRIC, BY COUNTRY 2021-2031 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF BULLET TRAIN MARKET FOR DUAL POWER, BY COUNTRY 2021-2031 (%)
FIGURE 19. BULLET TRAIN MARKET, BY COMPONENT, 2021 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF BULLET TRAIN MARKET FOR AXLE, BY COUNTRY 2021-2031 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF BULLET TRAIN MARKET FOR WHEELSET, BY COUNTRY 2021-2031 (%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF BULLET TRAIN MARKET FOR CONVERTER, BY COUNTRY 2021-2031 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF BULLET TRAIN MARKET FOR TRANSFORMER, BY COUNTRY 2021-2031 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF BULLET TRAIN MARKET FOR TRACTION MOTOR, BY COUNTRY 2021-2031 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF BULLET TRAIN MARKET FOR OTHERS, BY COUNTRY 2021-2031 (%)
FIGURE 26. BULLET TRAIN MARKET BY REGION, 2021
FIGURE 27. U.S. BULLET TRAIN MARKET, 2021-2031 ($MILLION)
FIGURE 28. UK BULLET TRAIN MARKET, 2021-2031 ($MILLION)
FIGURE 29. GERMANY BULLET TRAIN MARKET, 2021-2031 ($MILLION)
FIGURE 30. FRANCE BULLET TRAIN MARKET, 2021-2031 ($MILLION)
FIGURE 31. SPAIN BULLET TRAIN MARKET, 2021-2031 ($MILLION)
FIGURE 32. ITALY BULLET TRAIN MARKET, 2021-2031 ($MILLION)
FIGURE 33. REST OF EUROPE BULLET TRAIN MARKET, 2021-2031 ($MILLION)
FIGURE 34. CHINA BULLET TRAIN MARKET, 2021-2031 ($MILLION)
FIGURE 35. JAPAN BULLET TRAIN MARKET, 2021-2031 ($MILLION)
FIGURE 36. REST OF ASIA-PACIFIC BULLET TRAIN MARKET, 2021-2031 ($MILLION)
FIGURE 37. MIDDLE EAST BULLET TRAIN MARKET, 2021-2031 ($MILLION)
FIGURE 38. AFRICA BULLET TRAIN MARKET, 2021-2031 ($MILLION)
FIGURE 39. TOP WINNING STRATEGIES, BY YEAR
FIGURE 40. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 41. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 42. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 43. COMPETITIVE DASHBOARD
FIGURE 44. COMPETITIVE HEATMAP: BULLET TRAIN MARKET
FIGURE 45. TOP PLAYER POSITIONING, 2021
FIGURE 46. ABB LTD.: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 47. ABB LTD.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 48. ABB LTD.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 49. ABB LTD.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 50. ALSTOM SA: NET SALES, 2019-2021 ($MILLION)
FIGURE 51. ALSTOM SA: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 52. ALSTOM SA: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 53. ALSTOM SA: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 54. SIEMENS AG: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 55. SIEMENS AG: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 56. SIEMENS AG: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 57. THALES GROUP: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 58. THALES GROUP: NET SALES, 2019-2021 ($MILLION)
FIGURE 59. THALES GROUP: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 60. THALES GROUP: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 61. HITACHI LTD.: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 62. HITACHI LTD.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 63. HITACHI LTD.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 64. CRRC CORPORATION LIMITED: NET SALES, 2019-2021 ($MILLION)
FIGURE 65. CRRC CORPORATION LIMITED: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 66. CRRC CORPORATION LIMITED: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 67. MITSUBISHI HEAVY INDUSTRIES LTD.: NET SALES, 2019-2021 ($MILLION)
FIGURE 68. MITSUBISHI HEAVY INDUSTRIES LTD.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 69. MITSUBISHI HEAVY INDUSTRIES LTD.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 70. CATERPILLAR INC.: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 71. CATERPILLAR INC.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 72. CATERPILLAR INC.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 73. CATERPILLAR INC.: REVENUE SHARE BY REGION, 2021 (%)

Executive Summary

The Bullet Train Market is expected to experience a significant growth rate of 6.27% from 2022-2031 owing to rising number of developments globally.

The speed of high-speed rail is greater than that of a regular train, and it moves more quickly than regular rail. These trains can cover a great distance more quickly and cheaply because they run on standard gauge tracks. This is primarily responsible for the rise in demand for bullet trains. It is expected that increased infrastructure facilities and demand for high-speed bullet trains will reduce traffic congestion and travel times while enabling swift and comfortable transportation.

The demand for safe, secure, and efficient transportation is rising, and the use of public transportation is increasing as a means of reducing traffic jams. These and other factors are driving the growth of the bullet train market. For instance, in October 2022, The CRRC has introduced the world's fastest public land transport system, a 600 km/h maglev train. The high-speed linear transportation system, which reaches speeds of 600 km/h, is a"non-contact" high-speed rail vehicle. Adopts a"rail hold" structure in which two rows of curved"arms""hold" the rail. With electrification, the entire train is suspended from the rails by strong magnetic force, realizing non-contact support, guidance, and operation. The system is not only fast, but also having high security, large capacity, intelligence, and convenience. It is a faster, safer, and more eco-friendly vehicle. The lack of technological infrastructure, skilled labor, and high capital requirements, however, are expected to impede the expansion of the rolling stock market. More opportunities for the growth of the bullet train market are anticipated to arise from increased bullet train development and testing, improved rail infrastructure, particularly in developing nations, and increased industrial and mining activity.

The bullet train market is segmented into speed, propulsion, component, and region. By speed, the market is categorized into 200-299 km/h, 300-399 km/h, 400-499 km/h, and above 500 km/h. Among these segments 200-299 km/h segment is dominating the market in 2021, and 300-399 km/h segment expected to grow with the significant CAGR during the forecast period. By propulsion, it is segregated into diesel, electric, and dual power. By component, the market is divided into axle, wheelset, converter, transformer, traction motor, and others. By region, it is analyzed across North America (U.S.), Europe (UK, Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, and Rest of Asia-Pacific), and MEA (Middle East and Africa).

The key players profiled in the study include 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., and others. The players in the market have been actively engaged in the adoption of various strategies such as have adopted partnerships, investments, and product launches to remain competitive and gain advantage over the competitors in the market. For instance, in October 2022, ABB Ltd. signed an agreement with Europe's railway network including UK, Spain, Portugal, Germany and Austria. this agreement was worth $170 million to power more than 300 trains. Similarly, in September 2022, ABB was invested $13 million in its installation products division Iberville manufacturing facility in Canada to expand its manufacturing capabilities and increases the footprints in the global market. Moreover, in October 2021, The German railroad corporation Deutsche Bahn has awarded a sizable contract to ABB for the modernization of its first generation InterCity Express (ICE 1) high-speed train series. The 76 high-speed locomotives will be upgraded to ABB's extremely energy efficient IGBT (Insulated Gate Bipolar Transistors) traction converters as part of a refurbishing program. In addition, October 2022, Siemens Mobility inaugurated the new rail service center in Novara, Italy. The Rail Service Center of Novara extends over 2300 square meters indoors and about 6300 square meters outdoors for a total of 9000, has 6 tracks with 10 workstations that can be used simultaneously, and boasts all the most cutting-edge tools for preventive and corrective maintenance of locomotives. This was made possible by an investment of about 6 million euros in infrastructure, services, and skills. thus, such types of initiatives taken by the market players are anticipated to drive the bullet train market growth during the forecast period.

Key Market Insights

  • By speed, the 200-299 km/h segment was the highest revenue contributor to the market and others segment is estimated to grow with the significant growth rate during the forecast period.
  • By propulsion, the electric segment was the highest revenue contributor to the market in 2021 and is estimated to capturing the highest revenue during the forecast period.
  • By component, the wheelset segment dominated the global market in 2021 and is estimated to capture the highest market revenue during the forecast period.
  • By region, Asia-Pacific was the highest revenue contributor, accounting for largest market share in 2021, and is estimated grow with the significant CAGR during the forecast period.

Companies Mentioned

  • ABB Ltd.
  • Siemens AG
  • Hitachi Ltd.
  • CRRC CORPORATION LIMITED
  • Kawasaki Rail Car, Inc.
  • Mitsubishi Heavy Industries Ltd.
  • Caterpillar Inc.
  • Alstom SA
  • Thales Group
  • CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, SA

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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