Key regions: South America, Thailand, Germany, China, Malaysia
The Trains market in BRICS is experiencing significant growth and development due to several key factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the overall growth and development of the Trains market in BRICS.
Customer preferences: Customers in BRICS countries are increasingly opting for train travel due to its affordability, convenience, and environmental sustainability. Train travel offers a cost-effective alternative to air travel, especially for domestic journeys. Additionally, trains provide a comfortable and reliable mode of transportation, making them a popular choice for both business and leisure travelers. The growing middle class in BRICS countries has also contributed to the increased demand for train travel, as more people can afford to travel by train.
Trends in the market: One of the key trends in the Trains market in BRICS is the modernization and expansion of existing railway networks. Governments in BRICS countries are investing heavily in upgrading and expanding their railway infrastructure to meet the growing demand for train travel. This includes the construction of high-speed rail lines, the introduction of new train services, and the acquisition of advanced train technologies. These developments are aimed at improving the overall efficiency and capacity of the railway networks, as well as enhancing passenger comfort and safety. Another trend in the Trains market in BRICS is the adoption of digital technologies and online platforms for ticketing and passenger services. This allows customers to book train tickets conveniently from their smartphones or computers, reducing the need for physical ticketing counters. Additionally, digital platforms provide real-time information on train schedules, delays, and seat availability, making it easier for customers to plan their journeys.
Local special circumstances: Each BRICS country has its own unique set of circumstances that influence the Trains market. For example, in Brazil, the Trains market is driven by the need to improve connectivity and transportation infrastructure in remote and underdeveloped regions. In Russia, the Trains market is influenced by the vast size of the country and the need for efficient transportation between different cities and regions. In India, the Trains market is shaped by the high population density and the need to provide affordable and accessible transportation options for the masses.
Underlying macroeconomic factors: The growth and development of the Trains market in BRICS are also influenced by underlying macroeconomic factors. Economic growth, urbanization, and population growth are key drivers of the Trains market, as they lead to increased demand for transportation services. Additionally, government policies and investments in railway infrastructure play a crucial role in shaping the Trains market. The availability of funding and the political will to invest in railway projects are important factors that determine the pace and scale of development in the Trains market. In conclusion, the Trains market in BRICS is experiencing significant growth and development driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing demand for train travel, the modernization of railway networks, the adoption of digital technologies, and the unique circumstances of each BRICS country all contribute to the overall growth and development of the Trains market in BRICS.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
