The Global Passenger Rail Transport Market Report by The Business Research Company covers passenger rail transport market drivers and restraints, passenger rail transport market size, major players, and the impact of COVID-19 on the passenger rail transport market.

The passenger rail transport market consists of sales of passenger rail transportation services and related goods by entities (organizations, sole traders and partnerships) that transport people from one location to another for an amount or fee. The passenger rail transportation services industry includes establishments that provide services to move people using trains.

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 passenger rail transport market is then expected to grow at a CAGR of 4.7% from 2025 and reach $386.0 billion in 2030.

Technology is expected to be a continued driver of the passenger rail transport services market growth during forecast period. This sector will benefit from the greater efficiencies offered by technological advances. Several technologies such as big data, machine learning, and predictive analytics are also being used to increase efficiencies, and align business strategies. Big data uses a combination of real time information, historical trends, and clever algorithms, to translate car speeds, weather conditions, and sources of acceleration and deceleration for road operators. Adoption of technology will drive the passenger rail transport services market going forward.

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Some passenger rail transport market trends include digitalization as it offers major benefits to simplify operations, increase asset efficiency and enhance the experience of passengers while at the same time reduce costs. Moreover, public and private railway companies across the world are moving towards energy efficient power supply systems such as a head on generation (HOG) systems as they provide multiple benefits to the railway company such as reduced noise pollution and economical power generation through eliminated diesel consumption.

Global passenger rail transport market segments include:

1) By Type: Short-Distance Passenger Transport, Medium-Distance Passenger Transport, Long-Distance Passenger Transport

2) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Passenger Rail Transport Opportunities and Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides passenger rail transport market overviews, analyzes and forecasts market size, share, passenger rail transport market players, passenger rail transport market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The passenger rail transport identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Passenger Rail Transport Opportunities and Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Central Japan Railway Company, SNCF, Deutsche Bahn, West Japan Railway Company (JR-West), Indian Railways.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Passenger Rail Transport Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Passenger Rail Transport Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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