Domestic Train Market - Spain
The market size of the domestic passenger railway in Spain in 2016 was over 568,000. Then in 2017 it increased to over 592,000. This represents a 4.1% increase.
SPAINS'S DOMESTIC RAILWAY MARKET SIZE
- Forecast Market size for 2019 was €4.22bn.
- Domestic market size equal to forecast market divided by total passengers = 592,284/ €4.22bn= €1.40bn
Domestic Railway Use
- Passenger use in 2016 was 568,756.
- The passenger use in 2017 was 592,284.
- The percentage increase was 4.1%
We began by combing through reputable media websites like IRJ international railway journal, Eurosat statistical explained and IGR Rail independent regulation group for articles written on the market size and number of passengers yearly on the domestic railway in Spain and the information that was provided above was the information on the various sites conducted.
Information got from the IRJ international railway journal show that Renfe Railway Company is a monopoly in the railway industry in Spain and operate for both public and private railway domestic transport in Spain. "Spanish law at the end of 2018, enabling market opening for domestic passenger services in December 2020 and ending Renfe’s monopoly of commercial and Public Service Obligation (PSO) rail services."
From the IRJ international railway Journal it showed that Renfe Railway Company is the only railway industry that is operating in Spain in the public and private domestic railway industry and their market size have been used to represent the market size of the domestic railway industry in Spain.
In order to get the domestic market size of the Renfe Railway Company, since it was the only railway company both public and private in Spain, the forecast market size has to be divided by the total number of domestic passengers.
Therefore, the market size of the domestic passenger railway industry in Spain is €1.40bn