Train Tickets - Armenia | Statista Market Forecast

Armenia is projected to generate a revenue of US$478.40k in 2024 in the Train Tickets market.
The revenue is expected to grow annually at a rate of 5.77% (CAGR 2024-2029), resulting in a market volume of US$633.20k by 2029.
By 2029, the number of users in the Train Tickets market is expected to reach 35.18k users.
The user penetration is projected to be 1.1% in 2024 and 1.3% by 2029.
The average revenue per user (ARPU) in this market is expected to be US$16.22.
In Armenia, online sales are predicted to generate 75% of the total revenue by 2029.
In comparison to other countries, China is expected to generate the most revenue in this market with a projected revenue of US$72bn in 2024.
Armenia's railway market is undergoing modernization with the introduction of new trains from Russia and the renovation of existing infrastructure.

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 Armenia has been experiencing steady growth in recent years, driven by a combination of customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Armenian customers have shown a growing preference for train travel due to its convenience and affordability. Trains offer a reliable mode of transportation, especially for longer distances, as they are not affected by traffic congestion. Additionally, trains provide a comfortable and spacious travel experience, with amenities such as Wi-Fi and onboard dining options. The increasing awareness of the environmental impact of other modes of transport, such as cars and airplanes, has also contributed to the growing preference for train travel among environmentally-conscious customers.

Trends in the market: One of the key trends in the Trains market in Armenia is the modernization and expansion of the existing railway infrastructure. The government has been investing in upgrading tracks, signaling systems, and rolling stock to improve the efficiency and safety of train services. This has led to an increase in the frequency and speed of trains, attracting more customers to choose trains over other modes of transport. Another trend in the market is the introduction of new train routes and services. The Armenian Railway Company has been working to expand the network of domestic and international train routes, connecting major cities and neighboring countries. This has not only improved connectivity but also opened up new opportunities for tourism and trade.

Local special circumstances: Armenia's unique geographical location and historical ties with neighboring countries have played a significant role in the development of the Trains market. The country serves as a transit hub for freight transportation between Europe and Asia, attracting international companies to invest in the railway sector. This has led to the development of multimodal transport corridors, combining rail, road, and sea routes, to facilitate the movement of goods across borders. Furthermore, the Armenian government has been actively promoting tourism as a key driver of economic growth. The development of the Trains market has been aligned with this objective, with the introduction of scenic train routes that showcase the country's natural beauty and cultural heritage. This has not only attracted domestic tourists but also international visitors who are seeking unique travel experiences.

Underlying macroeconomic factors: The growth of the Trains market in Armenia is also influenced by underlying macroeconomic factors. The country has been experiencing stable economic growth, which has increased disposable incomes and encouraged consumer spending on travel and leisure activities. Additionally, the government's commitment to infrastructure development and foreign investment has created a favorable business environment for the railway sector. In conclusion, the Trains market in Armenia is developing due to customer preferences for convenience and affordability, trends in modernization and expansion of the railway infrastructure, local special circumstances such as the country's geographical location and focus on tourism, and underlying macroeconomic factors such as stable economic growth and government support for infrastructure development. As these factors continue to drive the market, the Trains sector in Armenia is expected to further expand in the coming years.

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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