The passenger kilometers carried by railways in the UK is forecasted to increase steadily from 2024 through to 2028. In 2023, the value stood at 87 billion passenger kilometers. The year-on-year percentage variations reflect a growth trend: a 1.93% rise from 2023 to 2024, a 1.93% increase from 2024 to 2025, a 1.87% uplift from 2025 to 2026, a 1.82% hike from 2026 to 2027, and finally, a 1.77% rise from 2027 to 2028. Over the last five years, the compound annual growth rate (CAGR) has been approximately 1.86%.
Future trends to watch for include the impact of technological advancements in rail transport, potential infrastructure upgrades, changes in commuter behavior due to remote working norms, and environmental policies promoting public transport. These factors could significantly influence the forecasted growth trajectory of passenger kilometers carried by railways.
- 2024: 1.93% increase
- 2025: 1.93% increase
- 2026: 1.87% increase
- 2027: 1.82% increase
- 2028: 1.77% increase