Industry Analysis & Industry Trends
The Urban Passenger Rail Operations industry includes businesses that operate passenger rail networks through urban, suburban or metropolitan areas, including specialised town-to-station and town-to-airport transport. The industry has grown strongly over the past five years, although this largely reflects trends in the performance of the industry's largest player, Transport for London (TfL). Over the five years through 2016-17, industry revenue is expected to grow at a compound annual rate of 6% to almost £4 billion. The performance of the industry is determined by a number of demographic and social factors, including the growth of the urban population, the rate of employment and competition from alternative forms of transport... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry is highly concentrated with the bulk of industry revenue generated by the transport networks in London. Despite some parts of the network being owned by separate subsidiaries and run by different companies, the Department for Transport (DfT) is estimated to generate 89.3% of industry revenue in 2016-17. Most operators of urban rail transport have significant concentration in the urban area they supply and the majority of competitive pressure is from alternative forms of urban transport, such as bus networks.
The high concentration of the industry is a product of the high barriers to entry. Capital requirements for the major operators are significant. Thi.. purchase to read more