Rail Transportation Market Global Briefing 2018

Rail Transportation Market Global Briefing 2018

  • January 2018 •
  • 31 pages •
  • Report ID: 5292828 •
  • Format: PDF
The rail transportation industry uses trains to provide transport for passengers and/or cargo.

Railroads operate either on networks with physical facilities, labor forces, and equipment spread over a wide geographic area, or operate over a short distance on a local rail line. This industry does not include scenic and sightseeing rail transportation, street railroads, commuter rail, or rapid transit systems.

The rail transportation industry can be further classified as follows:
i) Freight transportation,
ii) Passenger transportation

The global rail transportation market was estimated to be around $530 billion as of 2017. The global rail transportation made up around 9% of the overall transportation services market in 2017. The rail transportation market was the third largest market in the global transportation services market in 2017.

Redevelopment Of Rail Stations For Additional Revenues
Rail stations are evolving from a traditional transit facility to a facility offering leisure and entertainment services.
Some of the services offered by rail transportation companies include automated ticketing, helipads and facilities with ergonomic design.. Rail stations also serve as a crucial link between commercial, leisure and residential spaces, and are thus redeveloped to generate additional revenues for rail operators.

For instance, in 2017, the redevelopment of Darlington station was announced in the UK. The new station is expected to have 98,500 square meters of commercial space providing over 3,000 direct and indirect jobs, and additional revenues to its operators. Another example is the station redevelopment project launched in India, in February 2017.

This project includes redevelopment of 400 A1- and A-category rail stations by Indian Railways under a public-private-partnership (PPP) model to generate non-fare revenue. These redeveloped stations will offer digital signage, escalators and elevators, self-ticketing counters, executive lounges, luggage screening machines, walkways and holding areas for passengers.

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