Passenger Rail Transport Global Market Report 2023: Adoption of ADAS in Rail Presents Opportunities
Dublin, April 28, 2023 (GLOBE NEWSWIRE) -- The "Passenger Rail Transport Global Market Report 2023" report has been added to * ResearchAndMarkets.com's* offering.
The global passenger rail transport market grew from $246.64 billion in 2022 to $265.31 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The passenger rail transport market is expected to grow to $345.12 billion in 2027 at a CAGR of 6.8%.
Advanced driver assistance system (ADAS) technology is becoming popular in the rail transportation industry to optimise energy usage, enhance operational management, safety and aid in cost reduction. These systems provide automatic warning, protection, operation, supervision, and control arrangement. They also aid in meeting stringent government regulations towards passenger safety. Around 60 million units of advanced driver assistance systems were produced globally. Some companies providing these systems for locomotives are Thales Group, Alstom S.A., Bombardier Transportation, Hitachi Ltd., CRRC Corporation Limited, Ansaldo STS, and SIEMENS AG.
Asia-Pacific was the largest region in the passenger rail transport market in 2022. Western Europe was the second largest region in the passenger rail transport market. The regions covered in the passenger rail transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the passenger rail transport market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.
*Scope*
*Markets Covered:*
1) By Type: Medium-Distance Passenger Transport; Long-Distance Passenger Transport; Short-Distance Passenger Transport
2) By Service Type: Transportation; Services Allied to Transportation (Maintenance of Railcars and Rail Tracks, Switching of Cargo, and Storage)
3) By Application: City; Rural
*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 300
Forecast Period 2023 - 2027
Estimated Market Value (USD) in 2023 $265.31 billion
Forecasted Market Value (USD) by 2027 $345.12 billion
Compound Annual Growth Rate 6.8%
Regions Covered Global
*Key Topics Covered:*
*1. Executive Summary*
*2. Report Structure*
*3. Passenger Rail Transport Market Characteristics*
*4. Passenger Rail Transport Market Product Analysis*
*5. Passenger Rail Transport Market Supply Chain*
*6. Passenger Rail Transport Market Customer Information*
*7. Passenger Rail Transport Market Trends And Strategies*
*8. Passenger Rail Transport Market - Macro Economic Scenario*
*9. Passenger Rail Transport Market Size And Growth*
*10. Passenger Rail Transport Market Regional Analysis*
*11. Passenger Rail Transport Market Segmentation*
*12. Passenger Rail Transport Market Metrics*
*13. Asia-Pacific Passenger Rail Transport Market*
*14. Western Europe Passenger Rail Transport Market*
*15. Eastern Europe Passenger Rail Transport Market*
*16. North America Passenger Rail Transport Market*
*17. South America Passenger Rail Transport Market*
*18. Middle East Passenger Rail Transport Market*
*19. Africa Passenger Rail Transport Market*
*20. Passenger Rail Transport Market Competitive Landscape*
*21. Key Mergers And Acquisitions In The Passenger Rail Transport Market*
*22. Market Background: Rail Transportation Market*
*23. Recommendations*
*24. Appendix*
*A selection of companies mentioned in this report includes*
· China Railway Corporation
· Central Japan Railway Co
· Duetsche Bahn AG
· East Japan Railway Co
· Ferrovie dello Stato Italiane SpA
· Indian Railways
· FirstGroup PLC
· JSC Russian Railways
· Swiss Federal Railways
· Canadian Pacific Railway
For more information about this report visit https://www.researchandmarkets.com/r/r2yfol
*About ResearchAndMarkets.com*
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
*Attachment*
· Global Passenger Rail Transport Market
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