Rail Passenger Transport in Australia - Industry Market Research Report
Rail Passenger Transport in Australia
The Rail Passenger Transport industry has maintained steady revenue growth over the past few years. Before the COVID-19 outbreak, road congestion, higher parking costs and rising awareness of environmental issues elevated demand for rail transport. Higher employment in CBDs and population growth have boosted revenue over the long term. COVID-19 lockdown measures dampened demand for the industry, which decreased passenger numbers. However, the pandemic had only a limited effect on revenue due to the industry's strong government subsidisation. Government subsidies account for the majority of industry revenue, which has offset the effect of lowered demand. Passenger rail operators can't recover the full maintenance and investment costs involved in providing their services through ticket sales, as passengers are unlikely to pay substantially higher fares. Revenue is expected to climb at an annualised 2.4% to $13.8 billion over the five years through 2023-24. This trend includes a drop of 1.7% in the current year, since the increased popularity of remote working arrangements' has limited profitability.
Companies in the industry operate railways that transport passengers, including passenger services for commuter rail and metropolitan rail, and monorail operations. The industry excludes tramways, rail terminal operations and tourist rail passenger services.
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.
TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Research Assistance
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