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High-Speed Rail Market by Share, Size, Revenue, Top
Manufacturers and Forecast
High-Speed Rail
Market size was estimated at USD 53,300.0 million in 2024 and is
projected to reach USD 84,474.6 million in 2031 at a CAGR of 6.8 % during the
forecast period 2025-2031.
The scope of the high-speed rail market encompasses the
design and construction of dedicated rail networks, stations, and other related
infrastructure. It also covers the manufacturing of advanced rolling stock, the
development of signaling systems, and operational management to ensure the safe
and efficient running of high-speed trains. Market players include governments
investing in transportation infrastructure, private rail operators, and
technology companies specializing in rail innovations.
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Current trends in the high-speed rail market highlight the
increasing adoption of environmentally friendly transport solutions, with
governments focusing on reducing carbon emissions and congestion in urban
areas. Technological advancements, such as magnetic levitation (maglev) and
hyperloop systems, are also gaining attention, though their commercial viability
is still being explored. The integration of high-speed rail with other forms of
transportation, such as airports and metro systems, is creating more seamless
travel experiences, enhancing the attractiveness of rail as a mode of
transportation.
Impacts USA tariff
rates on the High-Speed Rail Market
The United States’ 2025 tariff imposition—targeting key
industrial and technological imports, including steel, electronic components,
and specialized railway hardware—has introduced a layer of complexity across
the global high-speed rail (HSR) value chain. These trade barriers are
particularly disruptive for multinational infrastructure developers and rolling
stock manufacturers who rely on integrated supply systems. Countries such as
China, Germany, and Japan, known for their dominance in high-speed rail
technology, are likely to experience slower export negotiations and constrained
project timelines due to price inflation and regulatory friction.
Moreover, U.S.-based infrastructure investors may
temporarily delay capital allocation to large-scale HSR ventures, citing
uncertainty in equipment sourcing and budget predictability. The geopolitical
recalibration is also expected to accelerate domestic substitution efforts,
prompting North American stakeholders to explore alternative local
partnerships, albeit at the cost of short-term operational efficiency and
technological edge.
The Prominent Players
in the High-Speed Rail Market are
·
ABB Ltd
·
ALSTOM SA
·
Construcciones y Auxiliar de Ferrocarriles SA
·
CRRC Corp. Ltd.
·
Fuji Electric Co. Ltd.
·
General Electric Co.
·
Hitachi Ltd.
·
Kawasaki Heavy Industries Ltd.
·
Larsen and Toubro Ltd. and More
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Recent Developments
In October 2020, NHRCL
awarded L&T its first high-speed railway contract, valued at USD 31.47
million. This contract involves the design and construction of civil and
building works, including testing and commissioning, for 237 km of viaducts,
four stations, a depot, and a mountain tunnel along the Mumbai-Ahmedabad
High-Speed Rail (MAHSR) corridor.
In January 2022, Alstom,
a French rolling stock manufacturer, secured a USD 2.05 billion contract to
supply nearly 200 Coradia Nordic regional trains to Norske Tog (N.T.), the
organization responsible for managing passenger train rolling stock in Norway.
These trains will feature a maximum speed of 160 km/h and consist of six
single-deck coaches, each with a capacity to carry 778 passengers—40% more than
the trains they are replacing.
The High-Speed Rail
Market is segmented into various segments such as Propulsion, Speed, Application,
Component and Region.
Based on Propulsion
·
Diesel
·
Electric
·
Dual Power
Based on Speed
·
200-299 km/h
·
300-399 km/h
·
400-499 km/h
·
Above 500 km/h
Based on Application
·
Passenger
·
Freight
Based on Component
·
Axel
·
Wheelset
·
Traction System
·
Pantograph
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In addition to the
market data for the High-Speed Rail Market, Delvens offers client-centric
reports customized according to the company’s specific demand and requirements.
Frequently Asked
Questions
·
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Speed Rail Market intelligence report?
·
What is the compound annual growth rate (CAGR)
of the High Speed Rail Market?
·
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High Speed Rail Market?
·
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Speed Rail Market?
·
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Market?
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