Rise in Demand for Energy Efficient Transport to trigger bullet train market
The wheel on rail technology segment is estimated to witness the fastest growth in the bullet train/high-speed rail market due to the rising demand for high-speed rail to avert the fatigue associated with alternate modes of transport such as roadways and airways. The exponential rise in high-speed rail ridership in the countries such as China and France has fueled the growth of the bullet train/high-speed rail market. Also, the enhancement of current functional trains in high-speed operation is boosting the growth of the wheel on rail technology of bullet train/high-speed rail.
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