Industry Analysis & Industry Trends
There has been a resurgence in the popularity of passenger rail over the past decade, with patronage in many cities reaching record levels. Over the five years through 2013-14, revenue for the Rail Passenger Transport industry is expected to grow at a compound annual rate of 4.2%. Increased demand has resulted in growth in ticket sales revenue, and additional subsidies and grants from governments to allow operators to meet demand. Industry revenue is expected to reach $8.6 billion in 2013-14, representing an increase of 2.5% over the previous year.
Growing patronage has been driven by several factors, including increases in the cost of petrol and other costs associated with passenger vehicles, such as parking and time spent in traffic... purchase to read more
Industry Report - Industry Products Chapter
Australian urban rail systems are 'commuter rail' systems. Commuter rail systems transport large numbers of commuters from outer locations in suburban areas into one centralised point and back out again. Due to the nature of these systems, demand is focused on morning and afternoon peak periods. Cost recovery during other periods is a challenge for industry operators, especially given the capital-intensive nature of heavy rail systems. Due to the length of rural journeys and the limited services compared with urban rail networks, rural transportation is treated as a separate product and service offered by the industry.
In the next 10 years, increasing density in urban centres may promote the development of metro-style systems transporting commuters across a city... purchase to read more