Press release
Passenger Rail Transport Market 2021 Size by Global Players- Central Japan Railway Company, SNCF, Deutsche Bahn, West Japan Railway Company (JR-West), Indian Railways
Global Passenger Rail Transport Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Passenger Rail Transport market size, demand and revenue. The current Passenger Rail Transport market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.The global passenger rail transport market reached a value of nearly $221.1 billion in 2020, having increased at a compound annual growth rate (CAGR) of 0.5% since 2015. The market is expected to grow from $221.1 billion in 2020 to $307.4 billion in 2025 at a CAGR of 6.8%. The market is then expected to grow at a CAGR of 4.7% from 2025 and reach $386.0 billion in 2030.
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Scope of this Report:
Markets Covered: 1) By Type: Short Distance; Medium Distance; Long Distance
Companies Mentioned: Central Japan Railway Company; SNCF; Deutsche Bahn; West Japan Railway Company (JR-West); Indian Railways
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; passenger rail transport indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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Executive Summary:
The top opportunities in the passenger rail transport market segmented by type will arise in the medium distance passenger transport segment, which will gain $34.9 billion of global annual sales by 2025. The passenger rail transport market size is expected to increase from $81.1 billion in 2020 to $116.0 billion in 2025.
Market-trend-based strategies for the rail transport market include adopting head on generation (HOG) technology to reduce their carbon footprints, increase profitability of operations, and reduce operating costs and other fuel related expenses, digitalization in transporting services to enhance passenger experience and reduce costs, driver assistance systems to enhance passenger safety and to reduce potential accidents, enhancing technology that ensures passenger safety and to reduce potential accidents while reducing the total travel time for passengers, investing in connected mobility to enable drivers and their passengers to experience a much smoother trip, obstacle detection assistance systems to enhance passenger safety and to reduce accidents, sustainability to improve the environment and give back to the society as many habitats are taken down to build the large railway networks and digitization systems to, improve reliability of assets and enhance passenger experience while reducing costs. Player-adopted strategies in the passenger rail transport market include providing better customer services to strengthen customer base, strengthening rail transport business through strategic investments aimed at expanding rail transport business, strengthening rail transport business through strategic investments aimed at expanding and digitalization of rail transport business and expanding and improving the rail transport by seeking private investments.
Regional Analysis For Passenger Rail Transport Market:
North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Asia Pacific was the largest region in the global passenger rail transport market, accounting for 41.7% of the total in 2020. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the passenger rail transport market will be South America, and Africa, where growth will be at CAGRs of 11.7% and 11.4% respectively. These will be followed by Middle East and Eastern Europe where the markets are expected to grow at CAGRs of 10.7% and 7.7% respectively.
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Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
The research includes historic data from 2015 to 2021 and forecasts until 2030 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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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.
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