Dublin, April 28, 2023 (GLOBE NEWSWIRE) -- The "Passenger Rail Transport Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global passenger rail transport market grew from $246.64 billion in 2022 to $265.31 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The passenger rail transport market is expected to grow to $345.12 billion in 2027 at a CAGR of 6.8%.
Advanced driver assistance system (ADAS) technology is becoming popular in the rail transportation industry to optimise energy usage, enhance operational management, safety and aid in cost reduction. These systems provide automatic warning, protection, operation, supervision, and control arrangement. They also aid in meeting stringent government regulations towards passenger safety. Around 60 million units of advanced driver assistance systems were produced globally. Some companies providing these systems for locomotives are Thales Group, Alstom S.A., Bombardier Transportation, Hitachi Ltd., CRRC Corporation Limited, Ansaldo STS, and SIEMENS AG.
Asia-Pacific was the largest region in the passenger rail transport market in 2022. Western Europe was the second largest region in the passenger rail transport market. The regions covered in the passenger rail transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the passenger rail transport market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.
Scope
Markets Covered:
1) By Type: Medium-Distance Passenger Transport; Long-Distance Passenger Transport; Short-Distance Passenger Transport
2) By Service Type: Transportation; Services Allied to Transportation (Maintenance of Railcars and Rail Tracks, Switching of Cargo, and Storage)
3) By Application: City; Rural
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 300 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $265.31 billion |
| Forecasted Market Value (USD) by 2027 | $345.12 billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Passenger Rail Transport Market Characteristics
4. Passenger Rail Transport Market Product Analysis
5. Passenger Rail Transport Market Supply Chain
6. Passenger Rail Transport Market Customer Information
7. Passenger Rail Transport Market Trends And Strategies
8. Passenger Rail Transport Market - Macro Economic Scenario
9. Passenger Rail Transport Market Size And Growth
10. Passenger Rail Transport Market Regional Analysis
11. Passenger Rail Transport Market Segmentation
12. Passenger Rail Transport Market Metrics
13. Asia-Pacific Passenger Rail Transport Market
14. Western Europe Passenger Rail Transport Market
15. Eastern Europe Passenger Rail Transport Market
16. North America Passenger Rail Transport Market
17. South America Passenger Rail Transport Market
18. Middle East Passenger Rail Transport Market
19. Africa Passenger Rail Transport Market
20. Passenger Rail Transport Market Competitive Landscape
21. Key Mergers And Acquisitions In The Passenger Rail Transport Market
22. Market Background: Rail Transportation Market
23. Recommendations
24. Appendix
A selection of companies mentioned in this report includes
- China Railway Corporation
- Central Japan Railway Co
- Duetsche Bahn AG
- East Japan Railway Co
- Ferrovie dello Stato Italiane SpA
- Indian Railways
- FirstGroup PLC
- JSC Russian Railways
- Swiss Federal Railways
- Canadian Pacific Railway
For more information about this report visit https://www.researchandmarkets.com/r/r2yfol
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