Passenger Rail Transport

Passenger Rail Transport

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The passenger rail transport segment operates railways for passenger travel between urban, suburban and metropolitan areas. Industry revenue growth is largely determined by the total number of passenger rail journeys each year; this figure has increased over the four years between 2016 and 2019-20. However, through 2020-21, the COVID-19 (coronavirus) outbreak has presented a monumental challenge for industry operators, as travel restrictions have led to a staggering drop in passenger numbers.

As the threat posed by the coronavirus pandemic abates and travel restrictions are lifted, both urban and intercity passenger rail operations revenue is expected to increase. Projected revenue growth over the five years from 2021 to 2026 will be driven by rebounding passenger numbers over the opening portion of the period. Nevertheless, the pandemic is expected to shape the industry for the foreseeable future, with the return to pre-coronavirus passenger numbers to take place gradually.

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Industry
Challenges

  • Travel restrictions due to the pandemic
  • Ensuring safety, health and hygiene on board and in direct proximity to the trains
  • To improve train seat availability while reducing costs

(Ibis World, 2021; Segula, 2021)

Investment
Opportunities

  • London network projected to expand
  • Digitalising rail transport
  • Ensure that passengers feel a “sense of well-being” while travelling

(Ibis World, 2021; Segula, 2021)

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Intercity Passenger Rail Transport Market Size
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Urban Passenger Rail Operations Market Size
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Intercity Passenger Rail Transport market concentration within the UK Transportation & Storage Sector
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Urban Passenger Rail Operations market concentration within the UK Transportation & Storage Sector

(Ibis World, 2021)