Market Leader - Bullet Train/High-Speed Rail Market
The bullet train/high-speed rail market is projected to grow at a CAGR of 5.54% during the forecast period, to reach 5,287 units by 2025. The key driver for the market is the rise in demand for energy-efficient transport and enhanced comfort and safety in mass rapid transit across the globe.
Supply contracts are the key strategy adopted by major players to gain traction in bullet train/high-speed rail market. In December 2017, the Bombardier’s Chinese joint venture completed the delivery of 184 high-speed trains of a new generation to China’s Railway Corp. (CRC). This procurement of CRC by Bombardier is expected to create fruitful business avenues for the company to offer its state-of-the-art technology for rapidly expanding HSR lines in China. Similarly, Alstom, in June 2017, delivered train sets of Euroduplex to SNCF Mobilités. This train set was for the new HSR line between Paris and Bordeaux. This new generation Euroduplex train sets by Alstom are equipped with a number of innovations in designing as well as equipment to provide high comfort experience to the passengers. Likewise, Talgo was awarded a contract to supply 15 very high speed trains by Spanish railway operator Renfe in November 2016.
The second most widely followed strategy by market players is new product developments and expansions. In January 2018, Alstom (France) manufactured AVE S-100, a high-speed train that was launched in HSR line connecting Castellon and Madrid. With this development by Alstom, S-100 becomes the only high-speed train to circulate on the French railway network and all Spanish high-speed corridors. Also, CRRC, in 2017, launched bullet train, Fuxing, between Shanghai and Beijing at an operational speed of 350 km/h reducing the journey time by 1 hour.
Bombardier (Canada) is one of the key players in the bullet train/high-speed rail market. The company is primarily engaged in manufacturing of trains and airplanes with state-of-the-art technology. The company employed over 66,000 employees and offers rail vehicles, propulsion & controls, bogies, services, transportation system, and rail control solutions. The company’s major customers include Chinese Railway Corp. (China), Indian Railways (India), and Renfe (Spain) among others.
Another important player in the bullet train/high-speed rail market is Alstom (France), one of the leaders in the integrated transport system. The company provides high-speed rolling stock, rail services, and signaling systems. In 2017, the company entered into a strategic partnership with Siemens (Germany) to offer high-quality products for European high-speed rail fleet. With this partnership, the company is focused on becoming European champion in the mobility business. Furthermore, in 2017, the company collaborated with French railway operator SNCF to execute new control systems and regulations for the optimization of high-speed railway traffic.
Apart from Bombardier (Canada) & Alstom (France), Siemens (Germany), Hitachi (Japan), CRRC (China), Talgo (Spain), CAF (Spain), Toshiba (Japan), Mitsubishi (Japan), Kawasaki (Japan), and Strukton (the Netherlands) are the prominent players engaged in the bullet train/high-speed rail market.
Related Reports:
Bullet Train/High-Speed Rail Market by Speed in Km/H (200–299, 300–399, Above 400), Track Length, Technology, Application, Propulsion (Electric & Dual), Component (Axle, Transformer, Traction Motor, Traction System), and Region - Global Forecast to 2025
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