The Business Research Company’s latest report Passenger Rail Transport Market Report 2020 covers Passenger Rail Transport market drivers, Passenger Rail Transport market trends, Passenger Rail Transport market segments, Passenger Rail Transport market growth rate, Passenger Rail Transport market major players, and Passenger Rail Transport market size. The report provides in-depth analysis of the impact of COVID-19 on the Passenger Rail Transport industry, along with revised market numbers due to the effects of the coronavirus.
Passenger Rail Transport Market Report 2020 is the most comprehensive report available on this market and will help gain a truly perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The passenger rail transport market is expected to decline from $236.3 billion in 2019 to $228.2 billion in 2020 at a compound annual growth rate (CAGR) of -3.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $267.7 billion in 2023.
The report covers the passenger rail transport market’s segments- by type: medium-distance passenger transport, long-distance passenger transport, short-distance passenger transport.
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