20 Countries With Largest High Speed Rail Network

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In this article, we will be taking a look at 20 countries with the largest high speed rail networks. If you want to skip our detailed analysis of the bullet train / high speed rail market, you can go directly to see 5 Countries With Largest High Speed Rail Network.

High speed rail or bullet trains run faster than traditional rail transport. These trains operate on standard gauge tracks, and can cover huge distances in less cost and less time. With regards to the definition of high speed rail, the International Union of Railways (UIC) considers a commercial speed of 250 km/h to be the principal criterion to define high speed rail.

Rail networks and railroads can connect cities and regions, making it easier for people to travel and collaborate. This helps boost overall economic development while also leading to increased investment, job creation, and innovation. We can expect higher investments in high speed rail in the future as technology continues to improve and the demand for speedy, cost-effective transport goes up.

High Speed Rail Market: Riding the Wave of Growth

Some of the cities around the world with the best public transportation have extensive railway networks. However, previously, the COVID-19 crisis created a hindrance in the overall rail market. Governments around the world imposed lockdowns, restricted traveling, and businesses could only run partially. Low demand and decreasing consumer interest had negatively influenced the market. However, due to the rising demand for faster commute and transportation post-pandemic, the high speed rail market is anticipated to grow in the coming years.

According to a report by Allied Market Research, the global high speed and bullet train market size was valued at $42.5 billion in 2021. The market is expected to grow at a compound annual growth rate of 6.3% during 2022-2031, pushing the market to reach around $77.6 billion by the end of the forecasted period. High speed trains are expected to minimize traffic congestion while also providing comfortable and speedy movement from one place to another. There has been an increase in demand for high speed rail networks as high speed or bullet trains can cover large distances in little time and don't cost much. The surge in demand for safe, secure, and efficient transport as well as rising use of public transport services is expected to drive the growth of the high speed rail market. Some of the key players in the high speed rail market that are expected to benefit from increased demand include Alstom SA (EPA:ALO), ABB Ltd. (NYSE:ABB), and Siemens AG (ETR:SIE).