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. Growing patronage has been driven by several factors, including the high cost of petrol – prior to a substantial drop in 2014-15 – and other costs associated with passenger vehicles, such as parking and time spent in traffic. Higher employment in central business districts (CBDs) and strong population growth have also boosted patronage rates. Industry revenue is forecast to grow at a compound annual rate of 3.1% over the five years through 2015-16, to reach $8.8 billion. Lower petrol prices compared with previous years are projected to result in slower growth of 2.1% in 2015-16... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Rail Passenger Transport industry is in the mature stage of its economic life cycle, with established services and markets. Ownership changes are minimal, with the presence of new entrants in the industry limited by the high level of government ownership. Industry expansion has occurred over the past five years as Australia's population has grown, particularly in capital cities where the majority of passenger rail revenue is generated. Increased population density in capital cities is also leading to more commuters opting to take the train rather than drive, as road congestion worsens.
Industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to grow at a compound annual rate of 3.4% over the 10 years through 2020-21... purchase to read more