Intercity passenger rail transport market in the United Kingdom to grow 4% CAGR between 2014-19
Intercity Passenger Rail Transport in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-17 23:07:01
Industry revenue is expected to total Â£9.6 billion in 2013-14 as growth is estimated to hit a compound annual rate of 6.1% over the five years through 2013-14.
Revenue growth has been supported by a range of factors including growth in passenger journeys, increased capacity and population growth. Costs of alternative transport have increased more than rail fares, maintaining the railway´s competitive advantage and leading to passengers choosing trains over cars. The total number of passenger journeys on railways increased by 18.5% between 2008-09 and 2012-13. In 2013-14 industry revenue is forecast to increase by 2.5% as growth in passenger journeys continues.
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