High Speed Rail Market Drives Future Change | Bombardier, Alstom, Siemens, Hitachi, ABB, International Railway Journal

High-Speed Rail Market Outlook – 2027

High-speed railruns faster than traditional rail transport and provides high-speed experience than a conventional train.These trains operate on standard gauge tracks, which help to cover a large distance in less time and less cost. This is the major reason for the rise in demand for bullet trains. Increase in infrastructure facilities and demand for high-speed bullet trains are expected to reduce traffic congestion and journey time while providing comfortable and fast movement from one place to another.

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COVID-19 scenario analysis:

COVID-19 has rapidly affected the sale mobility of people, thus hampering the growth of the high-speed rail market.

Earlier, this market was expected to register a significant growth in 2021, but due to COVID-19, the market is expected to decline in the near futureand work has been stopped in places where these trains were going to be launched.

Sales play a major role in trains, which are facing no demand due to lockdown.This haseventually led to the decrease in the profit of the market.

Many countries havestopped train facilities due to increase in COVID-19 patients in their countries.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

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.Moreover, high operating costs and high capital investment hamper the growth of this market. Furthermore, improving infrastructure and comfort in transportprovide lucrativeopportunitiesfor the growth of the high-speed rail market.

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Reduced journey time and cost

People used to prefer to travel by flights, owing to luxury, even by paying high fares.However,bullet trains provide the solution of traveling long distances in less time with less cost, which encourages the growth of fast-moving rail system in countries.

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Government initiatives to improve rail facilities

Continuous development in infrastructure and technological sector has improved rail facilities either by privatizing particular stations or by renovating them. On the other hand, with increase in infrastructure, governmentsaretrying to improve the existing railway to meet the rapid means of transportation.

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