The volume of rail passenger transport in the UK has experienced significant fluctuations over the past decade. From 2013 to 2019, the volume showed consistent growth, peaking at 69.26 billion passenger kilometers in 2019. However, the COVID-19 pandemic caused a substantial decline, with the volume plunging to 24.37 billion in 2020. The figures have partially recovered since, though 2023 saw a decline to 46.67 billion passenger kilometers. Notably, between 2022 and 2023, there was an 8.05% reduction. Over the last two years, the volume varied significantly due to the pandemic impact.
From 2023 to 2028, the forecast CAGR is projected at 1.57%, indicating a gradual recovery and stabilization. By 2028, the volume is expected to reach 51.52 billion passenger kilometers, representing an overall growth of 8.09% from 2023.
Future trends to watch for:
- Recovery rate post-pandemic and potential rebounds in passenger transport volumes.
- Impact of new rail infrastructure projects and technological advancements.
- Changes in travel behaviors and preferences, including the influence of remote working.
- Environmental policies and their effects on public versus private transport choices.
