High Speed Rail Market Size, Share, and Trends 2024 to 2034

The global high speed rail market size is calculated at USD 57.09 billion in 2025 and is forecasted to reach around USD 99.35 billion by 2034, accelerating at a CAGR of 6.35% from 2025 to 2034. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : February 2025
  • Report Code : 5584
  • Category : Transport and Logistics

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology 

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis 
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on High-Speed Rail Market

5.1. COVID-19 Landscape: High Speed Rail Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global High Speed Rail Market, By Speed

8.1. High Speed Rail Market, by Speed
8.1.1 200-299 km/hr
8.1.1.1. Market Revenue and Forecast 
8.1.2. 300-399 km/hr
8.1.2.1. Market Revenue and Forecast 
8.1.3. 400-499 km/hr
8.1.3.1. Market Revenue and Forecast 
8.1.4. Above 500 km/hr
8.1.4.1. Market Revenue and Forecast

Chapter 9. Global High Speed Rail Market, By Propulsion

9.1. High Speed Rail Market, by Propulsion
9.1.1. Electric
9.1.1.1. Market Revenue and Forecast 
9.1.2. Diesel
9.1.2.1. Market Revenue and Forecast 
9.1.3. Dual Power
9.1.3.1. Market Revenue and Forecast

Chapter 10. Global High Speed Rail Market, By Component

10.1. High Speed Rail Market, by Component
10.1.1. Traction Motor
10.1.1.1. Market Revenue and Forecast 
10.1.2. Axle
10.1.2.1. Market Revenue and Forecast 
10.1.3. Wheelset
10.1.3.1. Market Revenue and Forecast 
10.1.4. Converter
10.1.4.1. Market Revenue and Forecast 
10.1.5. Transformer
10.1.5.1. Market Revenue and Forecast

Chapter 11. Global High Speed Rail Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Forecast, by Speed 
11.1.2. Market Revenue and Forecast, by Propulsion 
11.1.3. Market Revenue and Forecast, by Component 
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Speed 
11.1.4.2. Market Revenue and Forecast, by Propulsion 
11.1.4.3. Market Revenue and Forecast, by Component 
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Speed 
11.1.5.2. Market Revenue and Forecast, by Propulsion 
11.1.5.3. Market Revenue and Forecast, by Component 
11.2. Europe
11.2.1. Market Revenue and Forecast, by Speed 
11.2.2. Market Revenue and Forecast, by Propulsion 
11.2.3. Market Revenue and Forecast, by Component 
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Speed 
11.2.4.2. Market Revenue and Forecast, by Propulsion 
11.2.4.3. Market Revenue and Forecast, by Component 
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Speed 
11.2.5.2. Market Revenue and Forecast, by Propulsion 
11.2.5.3. Market Revenue and Forecast, by Component 
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Speed 
11.2.6.2. Market Revenue and Forecast, by Propulsion 
11.2.6.3. Market Revenue and Forecast, by Component 
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Speed 
11.2.7.2. Market Revenue and Forecast, by Propulsion 
11.2.7.3. Market Revenue and Forecast, by Component 
11.3. APAC
11.3.1. Market Revenue and Forecast, by Speed 
11.3.2. Market Revenue and Forecast, by Propulsion 
11.3.3. Market Revenue and Forecast, by Component 
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Speed 
11.3.4.2. Market Revenue and Forecast, by Propulsion 
11.3.4.3. Market Revenue and Forecast, by Component 
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Speed 
11.3.5.2. Market Revenue and Forecast, by Propulsion 
11.3.5.3. Market Revenue and Forecast, by Component 
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Speed 
11.3.6.2. Market Revenue and Forecast, by Propulsion 
11.3.6.3. Market Revenue and Forecast, by Component 
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Speed 
11.3.7.2. Market Revenue and Forecast, by Propulsion 
11.3.7.3. Market Revenue and Forecast, by Component 
11.4. MEA
11.4.1. Market Revenue and Forecast, by Speed 
11.4.2. Market Revenue and Forecast, by Propulsion 
11.4.3. Market Revenue and Forecast, by Component 
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Speed 
11.4.4.2. Market Revenue and Forecast, by Propulsion 
11.4.4.3. Market Revenue and Forecast, by Component 
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Speed 
11.4.5.2. Market Revenue and Forecast, by Propulsion 
11.4.5.3. Market Revenue and Forecast, by Component 
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Speed 
11.4.6.2. Market Revenue and Forecast, by Propulsion 
11.4.6.3. Market Revenue and Forecast, by Component 
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Speed 
11.4.7.2. Market Revenue and Forecast, by Propulsion 
11.4.7.3. Market Revenue and Forecast, by Component 
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Speed 
11.5.2. Market Revenue and Forecast, by Propulsion 
11.5.3. Market Revenue and Forecast, by Component 
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Speed 
11.5.4.2. Market Revenue and Forecast, by Propulsion 
11.5.4.3. Market Revenue and Forecast, by Component 
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Speed 
11.5.5.2. Market Revenue and Forecast, by Propulsion 
11.5.5.3. Market Revenue and Forecast, by Component

Chapter 12. Company Profiles

12.1. Siemens
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Hitachi Ltd
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Construcciones Auxiliar de Ferrocarriles
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. CRRC Corporation Limited
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Alstom SA
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. ABB
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Fuji Electric Co., Ltd.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Stadler Rail AG
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Kawasaki Rail Car, Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Mitsubishi Heavy Industries Ltd.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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Frequently Asked Questions

The global high speed rail market size is expected to grow from USD 53.68 billion in 2024 to USD 99.35 billion by 2034.

The high speed rail market is anticipated to grow at a CAGR of 6.35% between 2025 and 2034.

The major players operating in the high speed rail market are Siemens, Hitachi Ltd., Construcciones Auxiliar de Ferrocarriles, CRRC Corporation Limited, Alstom SA, ABB, Fuji Electric Co., Ltd., Stadler Rail AG, Kawasaki Rail Car, Inc., Mitsubishi Heavy Industries Ltd.,and Others.

The driving factors of the high speed rail market are the expansion of cities requires efficient high-capacity transportation systems, which is shaping the increasing need for high-speed rail systems.

North America region will lead the global high speed rail market during the forecast period 2025 to 2034.

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