Global High Speed Rail Industry to Reach $907 Billion By 2015

How far behind is America compared to its global competitors when it comes to transportation?....

Feb 28, 2011 11:08 ET
High Speed Rail Industry to Reach $907 Billion By 2015

ROCKVILLE, MD--(Marketwire - February 28, 2011) - MarketResearch.com has announced the addition of SBI's new report, "High Speed Rail Infrastructure Component Manufacturing," to their collection of Railway Equipment market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2496796.

The successful installation of a fast moving transportation system is beneficial on two levels. First, it would decrease the nation's reliance on depleting fossil fuels and secondly, HSR will stimulate local economies and drive growth across the U.S. According to SBI Energy's new industry study High Speed Rail Infrastructure Component Manufacturing, the accumulated market value of global HSR manufacturing sectors was $244 billion from 2005 to 2009 and will grow to reach $907 billion between 2010 and 2015.

Nations around the globe are increasing their roll out of high-speed rail initiatives during 2010, making them an integral part of the overall transportation infrastructure. Several countries in Europe, for example, currently lacking an HSR system have made commitments to begin construction by the end of the year. In Asia, a multitude of HSR development projects are underway with anticipated completion dates between 2015 and 2020 and of the 17,000 miles of planned HSR track implementations worldwide, nearly 10,000 is allocated for Asia, SBI Energy reports.

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