Harrisburg, NC -- (SBWire) -- 10/30/2020 --Global Onboard Rail Catering Market Research Report published by market insight reports explores the current outlook in Global and key regions from the perspective of Major Players, Countries, Product types and end industries. This report analyzes top players in the Global market, and divides the Market into several parameters.

This Onboard Rail Catering Market research report identifies the competitive landscape of industries to understand the competition at International level. This report study describes the projected growth of the Global market for approaching years from 2019 to 2025. This research report has been aggregated on the basis of static and dynamic aspects of the businesses.

The onboard rail catering market is expected to exhibit a growth rate of more than 5% during the forecast period (2020-2025).

- The improvement in service quality such as food, on time arrivals, availability, comfort, etc. is encouraging many passengers every year to take up the option of railway transport instead of road transport. The global rail passenger traffic increased from 2882.8 billion passenger kilometers in 2017 to 2949.39 billion passenger kilometers in 2018.
- The rail catering services across the globe are also preparing seasonal menus to ensure the availability of fresh and hygienic food to passengers throughout the year. Deutsche Bahn started a campaign between April 2017 and 2018 where signature dishes of food bloggers were introduced on the onboard menu. Eurostar and Great Western Railways have also collaborated with chefs like Raymond Blanc and Mitch Tonks to design the onboard menu for passengers.

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The prominent players in the Global Onboard Rail Catering Market:

Newrest, Indian Railway Catering And Tourism Corporation Limited (IRCTC), Deutsche Bahn, and Others.

In April 2019, Newrest Wagons-Lits in Austria reported a rise of 76% in per passenger turnover, owing the success to MyPOS sales tool through which all employees can make sale onboard.

Key Market Trends: -

Growth in the number of passengers using rail catering services

Owing to the introduction of high-speed railways, metros and subway systems in many countries across the globe, many people are switching to rail transportation and this factor is leading to the growth of rail catering services market. Due to introduction of metros, static catering service market is on the rise. Many startups in emerging economies are taking advantage of the large data generated by the railway systems and innovations can be seen in spaces such as customer service management, payments, etc.

In 2019, Indian online payment platform Paytm saw the booking of 50,000 rail tickets daily. Catering companies are using information technology for robust feedback mechanism to improve the selection of raw materials, improvement of food quality. Use of RFID scanners is boosting the effectiveness of quality assessment programs by performing end to end tracking of meal from raw material form to consumption stage. This will ensure the availability of fresh quantity food in sufficient quantity.

People are also being provided with the option to choose from a variety of menus present onboard. Amtrak provides nearly 20 menus under traditional dining, flexible dining, Caf and Acela dining categories.

Rail Catering services around the globe have started using latest technologies to ensure the best quality of food to its customers. After the reports of Indian Railways serving sub and below standard food unfit for human consumption, IRCTC have made major changes in policy such as separating food preparation and distribution operations and in July 2018, Indian Railways started the live streaming of its kitchens to its customers to regain their trust. Indian Railways is also using artificial intelligence to detect the presence of rodents, insects and rule violation by catering service staff.

Asia Pacific is the fastest growing market

Asia-Pacific dominates the rail infrastructure market. The region is expected to witness the fastest growth rate during the forecast period. In the Asia-Pacific region, India is one of the largest and fastest growing market for railway infrastructure and service after China. India is expected to witness the fastest growth during the forecast period.

India is making investments in catering service and improving its rail transportation system. Owing to the growth in population, increased intercity commuting and trade, upcoming metro projects (13 operational, 6 under construction, 7 in planning stage and 8 in proposed stage) and extension of existing lines, the Indian rolling stock market is witnessing a steady growth.

As of 2019, India has 716 km of operational metro lines. Indian Government is also considering a bullet train between Mumbai and Ahmedabad (Mumbai Ahmedabad High Speed Rail Corridor). The governments Make in India initiative laid special emphasis on promoting development activities within the country. This, in turn, is expected to drive onboard rail catering market in India.

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Onboard Rail Catering Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Onboard Rail Catering Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

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Finally, the Onboard Rail Catering market report offers a complete and detailed study of Global Onboard Rail Catering market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter's five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except than this, market insight reports will provide customization as per specific demands.

Note: - All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.