Industry Statistics and Rankings
How does this industry perform in Latvia compared to Europe?
Country Benchmarking
Industry Data Latvia
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#25 In EuropeBusiness
#16 In EuropeEmployees
#24 In EuropeWages
#24 In EuropeThe European Passenger Rail transport industry has performed reasonably well over the past decade, except for during the years that were hit by COVID-19-induced disruption. Increased rail infrastructure investment has supported a climb in international and domestic passenger numbers; Eurostat data shows that demand for passenger transport in the EU steadily increased between 2015 and 2019, with passenger kilometres (pkm) peaking at 414 billion in 2019. Before the pandemic, mounting tourism, an ever-growing population and rising employment numbers fuelled an increase in the volume of rail passenger transport, particularly within and across major European cities.
Enterprises
Number of businesses in 2024
Biggest companies in the Passenger Rail Transport in Latvia
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Passenger Rail Transport in Latvia industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Passenger Rail Transport industry in Latvia in 2024?
The market size of the Passenger Rail Transport industry in Latvia is €37.4m in 2024.
How many businesses are there in the Passenger Rail Transport in Latvia industry in 2024?
There are 2 businesses in the Passenger Rail Transport industry in Latvia, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Passenger Rail Transport industry in Latvia grown or declined over the past 5 years?
The market size of the Passenger Rail Transport industry in Latvia has been declining at a CAGR of 10.7 % between 2019 and 2024.
What is the forecast growth of the Passenger Rail Transport industry in Latvia over the next 5 years?
Over the next five years, the Passenger Rail Transport industry in Latvia is expected to decline.
What does the Passenger Rail Transport in Latvia include?
Conventional train transport and High-speed train transport are part of the Passenger Rail Transport industry.
How competitive is the Passenger Rail Transport industry in Latvia?
The level of competition is moderate and steady in the Passenger Rail Transport industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Urban Passenger Land Transport in Latvia
Complementors
- Freight Rail Transport in Latvia
International industries
Table of Contents
About this industry
Industry definition
The Passenger Rail Transport in Europe incorporates rail transportation of passengers using railway rolling stock on mainline networks spread over Europe. It includes passenger transport by interurban railways, sleeping cars or dining cars as an integrated operation of railway companies. The industry excludes the operation of urban and suburban transport systems and passenger terminal activities.
Related Terms
MODAL SHIFT COMMUTER RAIL TRANS-EUROPEAN TRANSPORT NETWORKWhat's included in this industry?
Conventional train transport High-speed train transport Tilting train transportCompanies
Industry Code
4911 - Passenger rail transport, interurban in Latvia
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Performance
Revenue Highlights
Trends
- Revenue
- Current Year Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Passenger Rail Transport in Latvia industry?
Outlook
Analysis
What's driving the Passenger Rail Transport in Latvia industry outlook?
Volatility
Analysis
What influences volatility in the Passenger Rail Transport in Latvia industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Passenger Rail Transport in Latvia industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Commuter passenger numbers edge downwards. Passenger numbers were steadily climbing between 2015 and 2019, but they’ve struggled since COVID-19 hit, failing to bounce back to pre-pandemic levels as fewer people commute to work.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Passenger Rail Transport in Latvia industry's products and services performing?
Analysis
What are innovations in the Passenger Rail Transport in Latvia industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Passenger Rail Transport in Latvia industry?
International Trade
Highlights
- Total Imports into Latvia
- Total Exports into Latvia
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Competition in individual regions is low. Once train operating companies win a contract, they have a natural monopoly on the area they serve, so they don’t have to compete with other providers.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Passenger Rail Transport in Latvia located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
With commuters being the largest market for passenger rail transport, employment numbers in Europe have a substantial bearing on demand. Higher employment generally translates into higher passenger numbers, though other working trends also play a part in determining the level of travel. COVID-19 brought about a more widespread trend of working from home, disrupting the relationship between employment levels and passenger numbers.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Passenger Rail Transport in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Workers want wages increased. There’s been widespread industrial action across the rail network in Europe, prompted mainly by lacklustre pay rises and reduced station staffing.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Passenger Rail Transport in Latvia industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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