In 2023, the share of rail passenger transport in total inland passenger transport in the UK was observed at around 10.23%. The forecast indicates a consistent growth trend with gradual annual increases, showing a year-on-year growth of approximately 1.08% from 2024 to 2028. This upward trend reflects a compound annual growth rate (CAGR) of about 1.08% over the five years from 2024 to 2028.
Future trends to watch for:
- An ongoing focus on sustainability could further boost rail transport's share as countries emphasize reducing carbon footprints.
- Technological advancements in rail systems might enhance efficiency and appeal to more passengers.
- Government policy changes and infrastructure investments could significantly impact rail transport's market share and growth pace.
