Urban Passenger Rail Operations in the UK - Industry Research Report

Tickets please: The first opening of Crossrail in 2022 is causing revenue to skyrocket in the current year

Over the five years through 2022-23, revenue is expected to contract at a compound annual rate of 1.7% to £3.7 billion. COVID-19 disruptions decimated urban rail traffic, driving this revenue loss. London is the largest market for urban rail services, accounting for more than 90% of passengers. Consequently, Transport for London (TfL) dominates the industry through its ownership of the London Underground, the Docklands Light Railway and the London Overground. Industry performance is predominately contingent on the number of passengers using these services, which is determined by several demographic and social factors, including the size of the urban population, the rate of employment and competition from alternative forms of transport, including buses, trams, cycling and growing competition from rideshare services.

This industry transports passengers by rail through urban, suburban or metropolitan areas, often underground. The industry also includes town-to-airport and town-to-station transport by rail. Tramways and interurban railways are not included in the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.