United States Passenger Rail Market Summary and Forecast
Summary
Passenger Rail in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The passenger rail sector consists of all passenger transport by 'heavy rail' services, including international, inter-city, regional, and suburban trains (Commuter trains in US terminology are included). However, light rail, tram/streetcar, Metro/Subway, and similar trains are not included.
- The US passenger rail sector had total revenues of $20.3 billion in 2022, representing a negative compound annual growth rate (CAGR) of 15.2% between 2017 and 2022.
- Sector consumption volumes declined with a negative CAGR of 15.8% between 2017 and 2022, to reach a total of 15.1 billion passenger-km (pkm) in 2022.
- In 2022, in the US, there was a 134% increase in passenger miles when compared to 2020, leading to growth in the US passenger rail sector. The US passenger rail sector contracted during the historic period as commuters in the US preferred traveling more by roadways than railways due to convenience. Following the pandemic, passenger volume increased, and rail services were run at a higher capacity.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the passenger rail market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the passenger rail market in the United States
- Leading company profiles reveal details of key passenger rail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States passenger rail market with five year forecasts by both value and volume
- What was the size of the United States passenger rail market by value in 2022?
- What will be the size of the United States passenger rail market in 2027?
- What factors are affecting the strength of competition in the United States passenger rail market?
- How has the market performed over the last five years?
- Who are the top competitors in the United States's passenger rail market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of leading players?
- 7.3. What strategies do leading players follow?
- 7.4. What are the recent developments in the sector?
- 8 Company Profiles
- 8.1. National Railroad Passenger Corp
- 8.2. Metropolitan Transportation Authority
- 8.3. Southeastern Pennsylvania Transportation Authority
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: United States passenger rail sector value: $ billion, 2017–22
- Table 2: United States passenger rail sector volume: Passenger Kilometer(PKM), 2017–22
- Table 3: United States passenger rail sector geography segmentation: $ billion, 2022
- Table 4: United States passenger rail sector value forecast: $ billion, 2022–27
- Table 5: United States passenger rail sector volume forecast: Passenger Kilometer(PKM), 2022–27
- Table 6: National Railroad Passenger Corp: key facts
- Table 7: National Railroad Passenger Corp: Key Employees
- Table 8: Metropolitan Transportation Authority: key facts
- Table 9: Metropolitan Transportation Authority: Key Employees
- Table 10: Metropolitan Transportation Authority: Key Employees Continued
- Table 11: Southeastern Pennsylvania Transportation Authority: key facts
- Table 12: Southeastern Pennsylvania Transportation Authority: Key Employees
- Table 13: United States size of population (million), 2018–22
- Table 14: United States gdp (constant 2005 prices, $ billion), 2018–22
- Table 15: United States gdp (current prices, $ billion), 2018–22
- Table 16: United States inflation, 2018–22
- Table 17: United States consumer price index (absolute), 2018–22
- Table 18: United States exchange rate, 2018–22
- List of Figures
- Figure 1: United States passenger rail sector value: $ billion, 2017–22
- Figure 2: United States passenger rail sector volume: Passenger Kilometer(PKM), 2017–22
- Figure 3: United States passenger rail sector geography segmentation: % share, by value, 2022
- Figure 4: United States passenger rail sector value forecast: $ billion, 2022–27
- Figure 5: United States passenger rail sector volume forecast: Passenger Kilometer(PKM), 2022–27
- Figure 6: Forces driving competition in the passenger rail sector in the United States, 2022
- Figure 7: Drivers of buyer power in the passenger rail sector in the United States, 2022
- Figure 8: Drivers of supplier power in the passenger rail sector in the United States, 2022
- Figure 9: Factors influencing the likelihood of new entrants in the passenger rail sector in the United States, 2022
- Figure 10: Factors influencing the threat of substitutes in the passenger rail sector in the United States, 2022
- Figure 11: Drivers of degree of rivalry in the passenger rail sector in the United States, 2022
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