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, industry revenue is expected to have grown at a compound annual rate of 3.8%. Increased demand has resulted in growth in revenue from ticket sales, and additional subsidies and grants from governments to allow operators to meet demand. Industry revenue is expected to reach $8.4 billion in 2013-14, an increase of 0.7% on 2012-13.
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 jams... purchase to read more
Industry Report - Industry Analysis Chapter
Rail passenger transport is going through a renaissance in popularity. The industry's primary function is the transport of workers and students from dispersed residential areas to and from city centres. The industry's main form of external competition comes from passenger vehicles. Passenger numbers have grown over the past 10 years, overturning decades of declining network usage. The largest factor in this movement back to trains is the increasing cost and inconvenience associated with driving.
Petrol prices have risen strongly in the 10 years through 2013-14, a long-term trend that has made passenger vehicles relatively less attractive for commuting. Increasingly congested roads have lengthened commuting times... purchase to read more