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Passenger Rail Transport in Belgium - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BE-H4911 April 2024 Factsheet

Revenue

€8.8bn

2019-2024 17.4 %
2024-2029 X.X %

Employees

71,963

2019-2024 18.3 %
2024-2029 X.X %

Businesses

15

2019-2024 20.1 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Passenger Rail Transport in Belgium market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Belgium compared to Europe?

Country Benchmarking

Industry Data Belgium

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#4 In Europe
Business
#9 In Europe
Employees
#2 In Europe
Wages
#4 In Europe

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The 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.

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Enterprises
Number of businesses in 2024

Biggest companies in the Passenger Rail Transport in Belgium

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
DB Fernverkehr AG
58,574.5
950.0
1.6
Société Nationale SNCF SA
43,545.3
2,545.3
5.8
Renfe Operadora SA
3,393.4
116.9
3.4

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Top Questions Answered in this Report

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What is the market size of the Passenger Rail Transport industry in Belgium in 2024?

The market size of the Passenger Rail Transport industry in Belgium is €8.8bn in 2024.

How many businesses are there in the Passenger Rail Transport in Belgium industry in 2024?

There are 15 businesses in the Passenger Rail Transport industry in Belgium, which has grown at a CAGR of 20.1 % between 2019 and 2024.

Has the Passenger Rail Transport industry in Belgium grown or declined over the past 5 years?

The market size of the Passenger Rail Transport industry in Belgium has been growing at a CAGR of 17.4 % between 2019 and 2024.

What is the forecast growth of the Passenger Rail Transport industry in Belgium over the next 5 years?

Over the next five years, the Passenger Rail Transport industry in Belgium is expected to grow.

What are the biggest companies in the Passenger Rail Transport market in Belgium?

The biggest companies operating in the Passenger Rail Transport market in Belgium are DB Fernverkehr AG, Société Nationale SNCF SA and Renfe Operadora SA

What does the Passenger Rail Transport in Belgium include?

Conventional train transport and High-speed train transport are part of the Passenger Rail Transport industry.

Which companies have the highest market share in the Passenger Rail Transport in Belgium?

The company holding the most market share in Belgium is DB Fernverkehr AG.

How competitive is the Passenger Rail Transport industry in Belgium?

The level of competition is moderate and steady in the Passenger Rail Transport industry in Belgium.

Related Industries

This industry is covered in 37 countries

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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 NETWORK

What's included in this industry?

Conventional train transport High-speed train transport Tilting train transport

Companies

DB Fernverkehr AGSociété Nationale SNCF SARenfe Operadora SA

Industry Code

ISIC 2006

4911 - Passenger rail transport, interurban in Belgium

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • 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 Belgium industry?


Outlook

Analysis

What's driving the Passenger Rail Transport in Belgium industry outlook?


Volatility

Analysis

What influences volatility in the Passenger Rail Transport in Belgium industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Passenger Rail Transport in Belgium 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.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Passenger Rail Transport in Belgium industry's products and services performing?

Analysis

What are innovations in the Passenger Rail Transport in Belgium industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Passenger Rail Transport in Belgium industry?


International Trade

Highlights

  • Total Imports into Belgium
  • Total Exports into Belgium
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.

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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 Belgium located?

Companies

Data Tables

Top 10 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.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Passenger Rail Transport in Belgium 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.

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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 Belgium 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. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.