Train Tickets - Angola | Statista Market Forecast

By 2024, Angola's Train Tickets market is estimated to generate a revenue of US$4.17m, which is projected to grow annually at a rate of 5.44%, resulting in a market volume of US$5.43m by 2029.
The number of users in this market is expected to reach 664.30k users by 2029, with a user penetration of 1.2% in 2024 and 1.5% by 2029.
The projected average revenue per user (ARPU) is US$8.91.
In terms of revenue generation, 24% of the total revenue in this market is expected to come from online sales by 2029.
Comparing globally, China will generate the highest revenue in this market, with US$72bn in 2024.
Angola's railway system is undergoing a modernization process aimed at improving transportation and boosting economic growth.

Definition:

The Train tickets market consists of tickets for long-distance travel or cross-regional travel by train. This includes country-specific providers of passenger rail transport such as Deutsche Bahn, Amtrak or National Rail. As a rule, travel for single passengers and groups or time-limited subscription based travel can be booked up to a year in advance. Tickets for public transport, for within a city or other local travel are not included.

Additional Information:

The main performance indicators of the Train tickets market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Tickets for long-distance travel or cross-regional travel by train
Time-limited subscription based travel
Line service and regular train service
All online and offline booked long-distance bus tickets regardless of the purchase channel

Tickets for public transport, for within a city or other local travel

The Trains market in Angola has been experiencing significant growth in recent years. Customer preferences have shifted towards more efficient and modern train systems, leading to an increase in demand for trains in the country. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the Trains market in Angola. Customer preferences in Angola have been shifting towards more efficient and modern train systems. As the country continues to develop and urbanize, there is a growing need for reliable and efficient transportation options. Trains offer a convenient and environmentally friendly mode of transportation, which appeals to customers who are looking for sustainable travel options. Furthermore, modern trains are equipped with advanced technology and amenities, providing a comfortable and enjoyable travel experience for passengers. These customer preferences have driven the demand for trains in Angola. In addition to changing customer preferences, there are several trends in the Trains market in Angola that have contributed to its development. One trend is the expansion of railway networks. The government has been investing in the construction and expansion of railway lines across the country, connecting major cities and improving transportation infrastructure. This has not only increased the accessibility of train travel for the general population but also facilitated the transportation of goods and resources, boosting economic growth. Another trend in the Trains market in Angola is the adoption of high-speed trains. High-speed trains offer faster travel times and improved efficiency, which are particularly appealing to business travelers and commuters. The introduction of high-speed train services has not only improved connectivity between cities but also stimulated economic development in the regions along the railway lines. Local special circumstances in Angola have also played a role in the development of the Trains market. The country has a large population and a growing middle class, which has increased the demand for transportation options. Trains offer a cost-effective and efficient mode of transportation, making them an attractive choice for many Angolans. Additionally, Angola has a vast territory with diverse geographical features, including mountains, rivers, and plains. Trains are well-suited to navigate these terrains, making them a practical choice for transportation in the country. Underlying macroeconomic factors have also contributed to the development of the Trains market in Angola. The country has experienced steady economic growth in recent years, which has led to increased investment in infrastructure projects, including railways. The government has recognized the importance of a well-developed transportation system for economic development and has allocated significant funds towards the expansion of the railway network. Furthermore, Angola is rich in natural resources, such as oil and diamonds, which require efficient transportation for export. Trains provide a reliable and cost-effective means of transporting these resources to ports for export. In conclusion, the Trains market in Angola has been developing due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for more efficient and modern train systems, the expansion of railway networks, the adoption of high-speed trains, a growing population and middle class, diverse geographical features, and steady economic growth have all contributed to the growth of the Trains market in Angola.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of train tickets.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

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