Passenger Rail Transportation Global Market Report 2018

Passenger Rail Transportation Global Market Report 2018
Starting Price : $ 4000.00 | Pages : 125 | Published : February 2018

SKU CODE : 3345 | Format :

Passenger rail transportation is the carriage of people from a station where they board the train to a destination station. The right to travel is obtained by the purchase of a ticket, either in advance or at the station before boarding the train. Discounts may be offered to some passengers such as students and senior citizens. Passenger transport businesses’ revenues are mainly from the tickets purchased by passengers.

The global passenger rail transportation market was valued at $265 billion in 2017. Asia Pacific was the largest geographic region accounting for $130.38 billion or 49.20% of the global market. And China was the largest country accounting for $50.35 billion or 19% of the global passenger rail transportation market.

Most of the customers now expect service providers to accept payment through cards and digital wallets. With the development of applications like Apple pay, rail transportation service providers are also willing to offer platforms for varied payments. As customers become more aware of contactless bank cards and mobile payments, adoption of virtual payment technologies is expected to rise significantly. For example, in the UK, 46.1 million contactless card transactions were made in December 2014 . Rail transportation companies such as Canada’s Via Rail are accepting electronic payments made using digital wallet MasterPass, and card payments via debit and credit cards.

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Transportation Services Market Global Briefing 2018

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Transportation Services Market Global Briefing 2018

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Transportation Services Market Global Briefing 2018

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