In 2023, the modal share of trains in the UK stood at 8.9%. The forecast for 2024 to 2028 shows a gradual increase from 9% to 9.3%. The year-on-year growth is subtle, with 2025 at 9.1%, 2026 at 9.2%, maintaining at 9.2% for 2027, and a slight rise to 9.3% by 2028. The compound annual growth rate (CAGR) over these five years reflects a steady but modest increase in train usage.
Future trends to watch for:
- Impact of infrastructure investments and upgrades on train services.
- Shifts in consumer preferences towards sustainable travel options.
- Technological advancements in rail operations improving efficiency and appeal.
