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Revenue from the Passenger Railway Transport industry in China has been increasing at an annualized rate 13.1% over the past five years to $25.4 billion in 2012, says IBISWorld. China's railway system entered a period of growth in late 2008 when the government invested heavily in railway construction to increase railway capacity and to offset the adverse effects of the global financial crisis.
San Francisco, CA (PRWEB) January 06, 2013
Revenue from the [Passenger Railway Transport industry in China has been increasing at an annualized rate 13.1% over the past five years to $25.4 billion in 2012, says IBISWorld. China's railway system entered a period of growth in late 2008 when the government invested heavily in railway construction to increase railway capacity and to offset the adverse effects of the global financial crisis.
This industry is subject to a medium to high concentration level, with the top four players accounting for about 58.5% of China's total railway passenger numbers in 2012. Rail transportation businesses in China are executed by 18 railway administrations (i.e. enterprises) under the control of the Ministry of Railway. The major railway administrations include those in Shanghai, Shenyang, Beijing, and Guangshou. In March 2005, the newest railway administrations – Taiyuan, Xi'an and Wuhan – were established.
Due to the shortage of investment on railways and the current inadequate capacity of railway transportation, private capital and foreign investment has been encouraged by the government in recent years. However, little progress has been made due to low levels of marketing within the [Passenger Rail Transport industry. As further reforms are made, non-state-owned players are expected to increase in numbers, which will decrease the industry's concentration level.
Steady industry performance is expected in future years with a large number of passenger-dedicated railways being constructed, says IBISWorld. This will lead to a separation of freight and passenger transportation services and increase passenger transportation capacity.
For more information, visit IBISWorld’s [Passenger Rail Transport in China industry report page.
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IBISWorld Industry Report Key Topics
Firms in the Passenger Rail Transport industry in China operate state-owned railways (invested by the central government); local railways (invested by local governments); and railways co-invested by enterprises and governments at different levels. Operations of railway terminals, station facilities or rail transit services in urban cities (i.e. light rail and subways) are not included in this industry.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
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