Learn about the global passenger rail transport market through The Business Research Company, which provides information on passenger rail transport market size, passenger rail transport market drivers and restraints, passenger rail transport market players, the COVID-19 impact on the passenger rail transport market, and more.

The global passenger rail transport market size is expected to grow from $227.21 billion in 2021 to $250.93 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The passenger rail transport market is then expected to grow to $357.84 billion in 2026 at a CAGR of 9.3%.

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The passenger rail transport market consists of sales of passenger rail transportation services and related goods by entities (organizations, sole traders, and partnerships) that use trains to provide transport for passengers from a station where they board the train to a destination station.

Global Passenger Rail Transport Market Segments Include:
By Type: Medium-Distance Passenger Transport, Long-Distance Passenger Transport, Short-Distance Passenger Transport

By Service Type: Transportation, Services Allied to Transportation (Maintenance of Railcars and Rail Tracks, Switching of Cargo, and Storage)

By Application: City, Rural

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the passenger rail transport market in 2021.

Advanced driver assistance system (ADAS) technology is becoming popular in the rail transportation industry to optimize energy usage, enhance operational management, safety and aid in cost reduction. These systems provide automatic warning, protection, operation, supervision, and control arrangement. They also aid in meeting stringent government regulations towards passenger safety.

TBRC’s passenger rail transport market report covers:

Major Market Players: China Railway Corporation, Central Japan Railway Co, Duetsche Bahn AG, East Japan Railway Co, Ferrovie dello Stato Italiane SpA, Indian Railways, FirstGroup PLC, JSC Russian Railways, Swiss Federal Railways, and Canadian Pacific Railway.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Passenger Rail Transport Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.

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

Here Is A List Of Similar Reports From The Business Research Company:

Rail Transport Global Market Report 2022

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Train And Components Global Market Report 2022

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