openPR Logo
Press release

Passenger Rail Transport Market 2020 Global Insights and Business Scenario – East Japan Railway; MTR Hong Kong; Central Japan Railway; West Japan Railway; Canadian Pacific Railway

09-09-2020 12:40 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Insights Reports

Passenger Rail Transport Market

Passenger Rail Transport Market

The Passenger Rail Transport Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

The global passenger rail transport market is expected to decline from $236.3 billion in 2019 to $228.2 billion in 2020 at a compound annual growth rate (CAGR) of -3.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $267.7 billion in 2023.

Click the link to get a Sample Copy of the Report:
https://www.marketinsightsreports.com/reports/05072013952/passenger-rail-transport-global-market-report-2020-30-covid-19-impact-and-recovery-including-1-by-type-medium-distance-passenger-transport-long-distance-passenger-transport-short-distance-passenger-transport-covering-east-japan-railway-mtr-hong-kong-central-japan-railway-west-japan-railway-canadian-pacific-railway/inquiry?source=openpr&Mode=12

Companies Mentioned: East Japan Railway; MTR Hong Kong; Central Japan Railway; West Japan Railway; Canadian Pacific Railway

Mar 4, 2020: JR East sees drop in revenue due to coronavirus, with worse to come

East Japan Railway Co. said Tuesday that a decline in passenger traffic due to the spread of the novel coronavirus is projected to have pushed down its revenue from railway operations by some ¥11 billion in February. The number of passengers on its shinkansen fell by about 10 percent from a year before in the month and some 20 percent in the last week, from Feb. 23 to Saturday. The number of bookings for reserved seats on shinkansen for March dropped by about 50 percent. “We’ll see a bigger impact in March,” JR East President Yuji Fukasawa told a news conference Tuesday. The number of passengers using its express trains connecting Narita International Airport in Chiba Prefecture and central Tokyo fell by some 50 percent in the last week of February.

July 1, 2020: TOKYO -- Central Japan Railway rolled out its latest-model bullet train on Wednesday, in its first full revamp of the high-speed train in 13 years. The company says the new bullet train, also known as the shinkansen, offers better performance and greater passenger comfort than earlier models.

The first N700S train service, dubbed Nozomi 1, departed from Tokyo Station at 6 a.m. The S in the model number stands for "supreme." The railway company, which runs the Tokaido Shinkansen line between Tokyo and Osaka, has introduced four of the new trains, with the number set to rise to 12 by the fiscal year through March 2021. By the end of fiscal 2022, JR Central hopes to have 40 of the new trains on the tracks. The train, whose lead car has a more aerodynamic shape than the current top-of-the-line N700A, cuts noise and vibration. All passenger seats are equipped with electrical outlets and offer improved reclining.

MARKET OVERVIEW:

Western Europe was the largest region in the global passenger rail transport market, accounting for 33% of the market in 2019. Asia Pacific was the second largest region accounting for 28% of the global passenger rail transport market. Africa was the smallest region in the global passenger rail transport market.

Most of the customers now expect service providers to accept payment through cards and digital wallets. With the development of applications like Apple pay, rail transportation service providers are also willing to offer platforms for varied payments. As customers become more aware of contactless bank cards and mobile payments, adoption of virtual payment technologies is expected to rise significantly. For example, in the UK, 46.1 million contactless card transactions were made in December 2014 . Rail transportation companies such as Canada’s Via Rail are accepting electronic payments made using digital wallet MasterPass, and card payments via debit and credit cards.

Passenger Rail Transport Global Market Report 2020 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global passenger rail transport market as it emerges from the Covid 19 shut down.

INFLUENCE OF THE Passenger Rail Transport MARKET REPORT:

-Comprehensive assessment of all opportunities and risk in the Passenger Rail Transport market.
- Passenger Rail Transport market recent innovations and major events.
-A detailed study of business strategies for growth of the Passenger Rail Transport market-leading players.
-Conclusive study about the growth plot of Passenger Rail Transport market for forthcoming years.
-In-depth understanding of Passenger Rail Transport market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Passenger Rail Transport market.

WHAT ARE THE MARKET FACTORS THAT ARE EXPLAINED IN THE REPORT?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.

Analytical Tools: The Passenger Rail Transport Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

The report has 150 tables and figures browse the report description and TOC:
https://www.marketinsightsreports.com/reports/05072013952/passenger-rail-transport-global-market-report-2020-30-covid-19-impact-and-recovery-including-1-by-type-medium-distance-passenger-transport-long-distance-passenger-transport-short-distance-passenger-transport-covering-east-japan-railway-mtr-hong-kong-central-japan-railway-west-japan-railway-canadian-pacific-railway?source=openpr&Mode=12

CUSTOMIZATION OF THE REPORT:

MarketInsightsReports provides customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.
If you have any questions about any of our “Passenger Rail Transport market report” or would like to schedule a personalized free demo of Passenger Rail Transport market report, please do not hesitate to contact me at irfan@marketinsightsreports.com.

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Best wishes,
Irfan Tamboli
Head of Sales Operations
Market Insights Reports
Tel: + 1704 266 3234 | +91-750-707-8687
Email: sales@marketinsightsreports.com | irfan@marketinsightsreports.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Passenger Rail Transport Market 2020 Global Insights and Business Scenario – East Japan Railway; MTR Hong Kong; Central Japan Railway; West Japan Railway; Canadian Pacific Railway here

News-ID: 2130904 • Views: 702

More Releases from Market Insights Reports

Hospital Information System Market Technology Advancement and Growth Analysis 20 …
The Global Hospital Information System Market Report Provides Business Overview, Market Trends, Industry Challenges, And Forecast 2021-2026 The report provides a strategic analysis of the Hospital Information System Market and the growth estimates for the forecast period 2021 to 2026. The report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. This report focuses on the major drivers,
Anti-aging Market Latest Trends, Technology Advancement and Demand 2021-2026
The Global Anti-aging Market Report Provides Business Overview, Market Trends, Industry Challenges, And Forecast 2021-2026 The report provides a strategic analysis of the Anti-aging Market and the growth estimates for the forecast period 2021 to 2026. The report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. This report focuses on the major drivers, restraints, opportunities, and threats
Identity Verification Market Technology Advancement and Growth Analysis 2021-202 …
The Global Identity Verification Market Report Provides Business Overview, Market Trends, Industry Challenges, And Forecast 2021-2026 The report provides a strategic analysis of the Identity Verification Market and the growth estimates for the forecast period 2021 to 2026. The report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. This report focuses on the major drivers, restraints, opportunities,
Wireless Mesh Networking Market Advancement in Technology, Innovations and Globa …
The Global Wireless Mesh Networking Market Report Provides Business Overview, Market Trends, Industry Challenges, And Forecast 2021-2026 The report provides a strategic analysis of the Wireless Mesh Networking Market and the growth estimates for the forecast period 2021 to 2026. The report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. This report focuses on the major drivers,

All 5 Releases


More Releases for Rail

Rail Freight Transportation Market May See Big Move | Baltic Rail, Union Pacific …
An extensive elaboration of the Global (United States, European Union and China) Rail Freight Transportation market strategy of the industry players in the precision of import/export consumption, supply and demand. The study starts with an introduction about the company/manufacturers profiling stating strategic concept behind business using methods to assess and analyze market. It also describes Rail Freight Transportation player/manufacturers strategy in the light of Porters, Value Chain & SWOT analysis,
Rail Systems Market Next Big Thing | Major Giants- Hitachi-Rail, TCR Rail System …
Global Rail Systems Market Data Survey Report 2015-2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Rail Systems Market. Some of the key players profiled in the study are Wabtec Corporation, Vermont Railway,
Rail Gangways Market
Future Market Insights delivers key insights into the global rail gangways market and procures key information through structured market research. The report titled “Rail Gangways Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028” highlights the historic and upcoming trends across the globe. As per the report insights, the market is anticipated to witness growing demand for rail gangways from the on-going rail infrastructure development along
Survey: Rail Wheel Market Share 2018-2025 Rail Wheel Factory, Bonatrans, Ministr …
Rail Wheel Market Research 2018 Globe Info Research Recently added detailed market study on the "Global Rail Wheel Market" Research Report 2018-2025 which provides an outlook of current market value of Rail Wheel Market as well as the expected forecast of Rate on Investment (ROI) with growing CAGR of XX% in Rail Wheel Market by the end of 2025. The report on the global Rail Wheel market uses the top-down and
Global Rail Wheel Market Consumption 2017 Trends By Product(Rolled Rail Wheel, F …
Scope Of Global Rail Wheel Market Research Report 2017 Global Rail Wheel Market Analysis, Status and Forecast 2022 Market Research Report contains a market overview of the industry which talks about market defination, product scope, revenue, growth opportunities, sales volumes and figures, growth estimation in coming years, current industry leaders and their sales/revenue metrics. Request For Free Sample Report Here : https://www.reportsmonitor.com/request-sample/?post=486231 This report studies the global Rail Wheel market, analyzes and researches
zedas®cargo mobilises rail logistics
ZEDAS GmbH is demonstrating at InnoTrans 2016, how the potential offered by the digital world can be availed of by rail logistics. The use of mobile solutions for smartphones and tablets offers added value for business processes within rail logistics. The applications make it possible for locomotive drivers, wagon technicians and inspectors at any location to access selected information and to then use this information for the tasks that their jobs