Intercity Passenger Rail Transport in the UK - Industry Market Research Report

Intercity Passenger Rail Transport in the UK - Industry Market Research Report

Intercity Passenger Rail Transport in the UK

Over the five years through 2023-24, revenue is projected to rise marginally at a compound annual rate of 0.2% to £14.7 billion. Train operating companies (TOCs) are affected by many different factors, including the number of passenger rail journeys, amount of government subsidies they're given, regulatory changes, employment trends and competition from alternative methods of transport, like cars. Other transport is heavily influenced by fuel costs; when these are high, people will opt for public transport over car usage to save money. The COVID-19 outbreak decimated passenger numbers in 2020-21, but revenue began to recover the year after, completing a full recovery in 2023-24.

The Intercity Passenger Rail Transport industry operates railways for passenger travel between urban areas. The industry also provides some support and auxiliary services to passenger railways and transports small amounts of freight and post. The industry excludes the operation of railways primarily used to transport freight and the operation of light rail networks.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.