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Passenger Rail Transport Market Research 2024-2033 - Outlook, Overview
Passenger Rail Transport Market
As per the report, the passenger rail transport market size has grown strongly in recent years. It will grow from $269.74 billion in 2023 to $290.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The passenger rail transport market size is expected to see strong growth in the next few years. It will grow to $388.33 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.
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Growing Demand For Railway Passenger Transport Drives Expansion Of The Passenger Rail Transport Market
The growing demand for railway passenger transport is expected to propel the growth of the passenger rail transport market going forward. Railway passenger transport involves conveying individuals via trains along a railway track. Passenger railways are a mode of transportation that moves people along a railroad route. For instance, in November 2023, according to Eurostat, a Europe-based government agency, rail passenger transportation in the European Union experienced a partial recovery in 2021, showing a 16.5% increase compared to 2020. Therefore, the growing demand for railway passenger transport is driving the growth of the passenger rail transport market.
The passenger rail transport market covered in this report is segmented -
1) By Type: Medium-Distance Passenger Transport, Long-Distance Passenger Transport, Short-Distance Passenger Transport
2) By Service Type: Transportation, Services Allied to Transportation (Maintenance of Railcars and Rail Tracks, Switching of Cargo, and Storage)
3) By Application: City, Rural
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Major companies operating in the passenger rail transport market report are Central Japan Railway Company, SNCF, Deutsche Bahn, West Japan Railway Company (JR-West), Indian Railways, East Japan Railway Company, MTR Corporation Ltd., Russian Railways, Canadian Pacific Railway Ltd., Union Pacific Corporation, China Railways, KiwiRail Ltd., PT Kereta Api Indonesia (Persero), Abellio ScotRail, Arriva Rail London, Avanti West Coast, Caledonian Sleeper, Chiltern Railways, CrossCountry, East Midlands Railway, Eurostar, Govia Thameslink Railway, Greater Anglia, Great Western Railway, Hull Trains, Grand Central, Merseyrail, Virgin Trains, ScotRail, London Overground, Heathrow Connect, ČD Cargo, České dráhy, Die Länderbahn, GW Train Regio, Emperor Franz Joseph Railway, Căile Ferate Române, CFR Marfă, Regiojet, Leo Express, The National Railroad Passenger Corporation (Amtrak), Kansas City Southern, Hudson Bay Railway Co., Quebec North Shore and Labrador Railway, Norfolk Southern Railway, BNSF Railway, Companhia do Metropolitano de São Paulo, Perurail, Belmond Andean Explorer, Ferrovías Central Andina, Nuevos Ferrocarriles Argentinos, Trenes Metropolitanos, Brazil Great Southern Railway, Ferrocarril Transandino, Saudi Railway Company, Israel Railways Ltd., Iraq Republic Railways Co., Middle East Rail, Turkish State Railways (TCDD), Arabian Railway Company, Egyptian National Railways (ENR), Passenger Rail Agency of South Africa (PRASA), Transnet SOC Ltd, Union of African Railways, Botswana Railways, Zambia Railways, National Railways of Zimbabwe, Nigerian Railway Corporation
Contents of the report:
1. Executive Summary
2. Passenger Rail Transport Market Report Structure
3. Passenger Rail Transport Market Trends And Strategies
4. Passenger Rail Transport Market - Macro Economic Scenario
5. Passenger Rail Transport Market Size And Growth
…..
27. Passenger Rail Transport Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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