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 2014-15, revenue for the Rail Passenger Transport industry is expected to grow at a compound annual rate of 2.5%. Increased demand has resulted in ticket sales growth, but the bulk of industry revenue has continued to come from government subsidies and grants. Industry revenue is expected to reach $8.6 billion in 2014-15, representing an increase of 3.5% over the 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 Analysis Chapter
Rail passenger transport has become increasingly popular in the past five years. The industry's primary function is the transportation 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. Rail passenger numbers have grown over the past 10 years, overturning decades of declining network use. The largest factor in the returning popularity of trains is the increasing cost and inconvenience associated with driving.
Petrol prices have grown strongly over the past decade, 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