Strategic Analysis of the Global High Speed Rail Market. There is a growing potential for a true high speed mobility solution that can connect two or more city centres in the quickest time possible. This is where high speed rail (HSR) pitches in as a faster, greener and more convenient mode of transport for inter-city travellers of the current generation. Urbanisation, evolution of megacities and growing traffic congestion have resulted in a pressing need for hassle-free, high speed mobility across the globe. It is estimated that $824 billion will be invested globally on new HSR infrastructure construction and an additional $76 billion will be spent on rolling stock procurement, over the next ten years.

The convenience factor is potentially the key advantage of HSR versus aviation. HSR can connect major cities directly, making use of mainline rail stations that are traditionally located in city centres. Between Seville and Madrid, for instance, top speeds of more than 300 kmph are achieved over a distance of 475 km, with a journey time of about 2 hours 15 minutes. The comparable in-vehicle flight time is 45 minutes; however, it takes at least 1 hour 30 minutes to get from either city to the airport and for related check in/out time. In light of this, comparable journey times are relatively similar when travelling to/from either city centre. However, the travel in HSR is more hassle free, as less interchange is required.

EPA Tier 3 and 4 emission norms will present a challenge to market prospects, as they require substantial changes to in-powertrain technologies that include the addition of exhaust after-treatment technologies. Locomotive original equipment manufacturers (OEMs) will have to innovate and introduce advanced powertrain technologies such as common Rail, DPF and SCR in a relatively shorter time period to ensure that their products are EPA compliant.

Gaining access to foreign markets by sharing technology-intensive platforms with local partners in host countries is the most significant challenge faced by leading high speed OEMs. Strategic partnerships with companies that offer low costs in host countries are becoming inevitable.

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