Global Passenger Rail industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the Global passenger rail market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The passenger rail sector consists of all passenger transport by 'heavy rail' services, including international, inter-city, regional, and suburban trains (Commuter trains in US terminology are included). However, light rail, tram/streetcar, Metro/Subway, and similar trains are not included.
The global passenger rail sector had total revenues of $246,947.1bn in 2016, representing a compound annual growth rate (CAGR) of 3.3% between 2012 and 2016.
Sector consumption volume increased with a CAGR of 3% between 2012 and 2016, to reach a total of 3,844,791.2 million PKM in 2016.
Most of the developed passenger rail sectors worldwide have been either mature and facing increased competition from other modes of transport such as air travel, as seen in Europe and Japan, or having limited demand, incurring losses, which is the case in the US sector. Only a few sectors have experienced surging growth such as the Chinese and the Indian sectors, because of continuing technological improvement of their infrastructure. Furthermore, there remains a much higher price of substitutes that urges price sensitive consumers to opt for rail services.
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What was the size of the Global passenger rail market by value in 2016?
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How has the market performed over the last five years?
How large is the global’s passenger rail market in relation to its regional counterparts?