Industry Analysis & Industry Trends
The popularity of passenger rail has resurged over the past decade, with patronage reaching record levels in many cities and benefiting the Rail Passenger Transport industry. Several factors have driven growing patronage, 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 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 2016-17, to reach $9.2 billion. The industry is expected to continue expanding in the current year, with forecast revenue growth of 3.5% in 2016-17... purchase to read more
Industry Report - Industry Products Chapter
Australian urban rail systems are commuter rail systems that transport large numbers of people 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 the industry's rail systems (otherwise known as 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.
Over the next 10 years, increasing density in urban centres is expected to promote the development of metro-style systems transporting commuters across cities... purchase to read more