Passenger
rail transportation is the carriage of people from a station where they board
the train to a destination station. The right to travel is obtained by the
purchase of a ticket, either in advance or at the station before boarding the
train. Discounts may be offered to some passengers such as students and senior
citizens. Passenger transport businesses’ revenues are mainly from the tickets
purchased by passengers.
The global passenger rail transportation market was valued at $265 billion in 2017, owing to population growth, urbanization and increased demand for mobility. Asia Pacific was the largest geographic region in the market, accounting for half of the market share.
The passenger rail transport market in The Business
Research Company’s report is split into three segments: medium-distance
passenger transport, long-distance passenger transport, and short-distance
passenger transport.
China was the largest
country in the market in 2017, accounting for nearly one-fifth of the global
passenger rail transportation market share. This is mainly due to large
population and fairly well developed rail network in countries such as China
and India.
The top five competitors in the market
are East Japan Railway, MTR
Hong Kong, Central Japan Railway, West Japan Railway, and Canadian Pacific
Railway. East Japan Railway was the biggest player in passenger rail transport market
in 2017, with revenue exceeding $27 trillion. East Japan Railway Company
operates as a passenger railway company in Japan. The company operates through
three segments: transportation, retail & services, real estate &
hotels, and others related segments. It is headquartered in Tokyo, Japan.
About The Business Research
Company.
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Company is a Business Intelligence Company which excels in company, market and
consumer research. It has offices in the UK, the US and India and a network of trained
researchers in 15 countries globally.
Contact Information.
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