Global Passenger Rail Market Drivers, Trends and Restraints 2022-2031

Rail Passenger Transport Market 2022 – Opportunities and Strategies – Global Forecast to 2030

Commercial Research Company Rail Transport Market 2022 – Opportunities and Strategies – Global Forecast to 2030

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According to The Business Research Company’s “Passenger Rail Transport Global Market Report 2022”, the passenger rail transport market share is expected to reach a value of $221.1 billion in 2020, after growing 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 with a CAGR of 6.8% The passenger rail market is expected to grow thereafter at a CAGR of 4.7% from 2025 and to reach USD 386.0 billion by 2030. is expected to be a continuous driver of the passenger rail services market growth during the forecast period.

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Main trends in the passenger rail transport market
Public and private railway companies around the world are moving towards energy-efficient power supply systems such as head-end generating (HOG) systems rather than end-generating (EOG) systems for their trains. The HOG power supply system offers multiple benefits to the railway company, such as reduced noise pollution and economical power generation through the elimination of diesel consumption. These benefits further translate into improved revenue and lower operating costs due to reduced maintenance requirements. The HOG system also helps increase the capacity of coaches, as the traditional EOG system requires at least two generator cars to provide power. Railway companies recognize the benefits of this technology and are working to explore the sustainable power system. For example, in 2019, Indian Railway converted nearly 5,000 coaches to run on HOG, resulting in the generation of nearly 400,000 additional berths. The coaches are environmentally friendly and will contribute to the reduction of carbon emissions by 700 MT per year per train.

Overview of the passenger rail transport market
The rail passenger transportation market includes the sales of rail passenger transportation services and related goods by entities (organizations, sole proprietorships, and partnerships) that transport people from one location to another for an amount or costs. The rail passenger service industry includes establishments that provide services to move people by train.

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TBRC’s Global Passenger Rail Transport Market Report 2022 covers the following information:

Market Size Data
Forecast period: historical and future
By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.

Segmentation of the passenger rail transport market
By type: medium-distance passenger transport, long-distance passenger transport, short-distance passenger transport
By type of service: transport, services related to transport (maintenance of railway cars and tracks, handling of goods and storage)
By Application: City, Rural
By Geography: The global passenger rail market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest market share.

Major Market Players such as China Railway Corporation, Central Japan Railway Co, Duetsche Bahn AG, East Japan Railway Co, Ferrovie dello Stato Italiane SpA, Indian Railways

Trends, opportunities, strategies and much more.

The Global Passenger Rail Transportation Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides global Passenger Rail Transportation market outlook and Passenger Rail Transportation market overview. The market report analyzes Passenger Rail Market size, Global Passenger Rail Market growth drivers, Passenger Rail Market segments, Global Passenger Rail Market major players, the growth of the global Passenger Rail Transport market in all geographies and the revenue and revenue of Passenger Rail Transport market competitors. market positioning. The Passenger Rail Transportation market report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.

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