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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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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 www.MarketsandMarkets.com
The wheel on rail technology segment is estimated to be the largest growing market in the bullet train/high-speed rail market during the forecast period, by technology 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. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=203819069
The passenger segment is estimated to be the largest market in the bullet train/high-speed rail market during the forecast period, by application type The passenger segment is estimated to be the largest market segment, by volume, of the high-speed/bullet train market during the forecast period. The freight segment follows the passenger segment during the forecast period. The growing demand for eco-friendly transport with high luxury and comfort is attributed for the growth of the passenger segment of the bullet train/high-speed rail market. Technological advancements in the high-speed rail industry is anticipated to push the growth of the freight segment of the bullet train/high-speed rail market. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=203819069
The electric propulsion segment is estimated to be the largest as well as the fastest growing market segment in 2018. The segment is anticipated to grow at a rapid pace due to its energy-efficient operation with high operating speed for high-speed trains. Also, the government authorities of various countries are encouraging energy-efficient transporting modes which in turn boosting the growth of the electric propulsion segment of the market. The segment, by speed, in the range of 300–399 km/h for bullet train/high-speed rail is estimated to be the largest as well as the fastest growing market, by volume, during the forecast period. This growth is attributed to the inclination of railway authorities of numerous countries to enhance the speed of high-speed train fleet to improve rail transit modes. Also, expansion of HSR lines is fueling the demand for enhancing the speed of bullet trains by passengers to reduce the journey time. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=203819069
Europe is one of the leading regional markets for bullet train/high-speed rail market Europe is projected to be the second fastest growing bullet train/high-speed rail market by 2025. The market growth in the region can be attributed to the rising demand for energy-efficient transport coupled with enhanced comfort and safety in the transit system. Moreover, the consistent increase in passengers in high-speed rail is boosting the demand for high-speed trains. These factors are expected to trigger the growth of the bullet train/high-speed rail market in the region. The key players in the bullet train/high-speed rail market include Bombardier (Canada), Alstom (France), Siemens (Germany), Hitachi (Japan), ABB (Switzerland), Talgo (Spain), CAF (Spain), Kawasaki (Japan), Toshiba (Japan), CRRC (China), and Mitsubishi (Japan). Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=203819069
Market Ecosystem: The ecosystem of the bullet train/high-speed rail industry consists of manufacturers such as Bombardier (Canada), Alstom (France), Siemens (Germany), and Hitachi (Japan); research institutes such as the Japan Association of Rolling Stock Industries (JARI), International Railway Journal (IRJ), Union of Industries of Railway Equipment (UIRE), and Union of European Railway Industries (UNIFE). Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=203819069
Browse >> 58market data tables 78figures 172 pagesand in-depth TOC "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“ Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
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