Train Tickets - Burkina Faso | Statista Market Forecast

By 2024, the Train Tickets market in Burkina Faso is expected to generate a revenue of US$2.31m .
The revenue is projected to grow annually at a rate of 3.74% (CAGR 2024-2029), leading to a market volume of US$2.77m by 2029.
The number of users in this market is expected to reach 382.30k users by 2029, with a projected user penetration of 1.2% in 2024 and 1.4% by 2029.
The average revenue per user (ARPU) is expected to be US$8.04 .
By 2029, around 26% of the total revenue in this market is anticipated to be generated through online sales.
In comparison to the global market, China is expected to generate the most revenue, with a projected revenue of US$72bn by 2024.
The railway sector in Burkina Faso is experiencing growth with the government's investment in improving infrastructure and upgrading existing lines.

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 Burkina Faso is experiencing significant development and growth.

Customer preferences: Customers in Burkina Faso are increasingly opting for train travel due to its affordability, convenience, and safety. Trains provide a reliable mode of transportation, especially for long distances, and are favored by both locals and tourists. Additionally, the growing awareness of environmental sustainability has led to a shift towards greener modes of transportation, making trains an attractive choice for many.

Trends in the market: One of the key trends in the Trains market in Burkina Faso is the expansion of railway networks. The government has been investing in the development of new railway lines and upgrading existing ones to improve connectivity within the country and with neighboring countries. This expansion is aimed at promoting trade, tourism, and economic growth. Furthermore, the introduction of new train services, such as high-speed trains and luxury trains, is attracting a wider range of customers and boosting the overall market growth. Another trend in the market is the adoption of advanced technologies in train operations. Burkina Faso is embracing digitalization and automation in its train systems, leading to improved efficiency, safety, and passenger experience. The implementation of ticketing systems, real-time tracking, and communication systems has made train travel more convenient and reliable for customers. Additionally, the integration of smart features, such as Wi-Fi connectivity and entertainment options, is enhancing the overall customer experience.

Local special circumstances: Burkina Faso's geographical location and its landlocked status have contributed to the growth of the Trains market. With limited access to ports, trains serve as a vital mode of transportation for both goods and passengers. The railway networks connect major cities and towns, facilitating the movement of goods and people across the country and to neighboring countries. This strategic position has made trains an essential part of Burkina Faso's transportation infrastructure.

Underlying macroeconomic factors: The development and growth of the Trains market in Burkina Faso can be attributed to several underlying macroeconomic factors. The government's focus on improving infrastructure and promoting economic development has led to increased investments in the railway sector. Additionally, the country's stable political environment and favorable business climate have attracted both domestic and foreign investments in the Trains market. The growing tourism industry in Burkina Faso has also contributed to the demand for train travel, as tourists seek convenient and reliable transportation options to explore the country's attractions. In conclusion, the Trains market in Burkina Faso is witnessing significant development and growth due to customer preferences for affordable and sustainable transportation options. The expansion of railway networks, adoption of advanced technologies, and the country's unique geographical circumstances have all contributed to the positive trends in the market. Furthermore, underlying macroeconomic factors, such as government investments and a stable political environment, have played a crucial role in driving the growth of the Trains market in Burkina Faso.

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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