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Train Tickets - EU-27

EU-27

By 2024, the Train Tickets market in EU-27 is projected to reach a revenue of US$17.07bn.
Furthermore, the revenue is expected to exhibit a Compound Annual Growth Rate (CAGR 2024-2029) of 2.19%, resulting in a projected market volume of US$19.02bn by 2029.
It is also expected that the number of users in this market will amount to 106.80m users by 2029, with a user penetration of 21.9% in 2024 and 24.0% by 2029.
Moreover, the Average Revenue Per User (ARPU) in this market is estimated to be US$174.20.
It is expected that 76% of the total revenue will be generated through online sales by 2029.
In comparison to other countries, China is expected to generate the highest revenue in this market, with a revenue of US$71,950m in 2024.
Germany, a leader in high-speed rail technology, continues to invest heavily in its railway infrastructure, including the expansion of its ICE network.

Key regions: South America, Thailand, Germany, China, Malaysia

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Analyst Opinion

The Trains market in EU-27 is experiencing steady growth due to various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Customers in the EU-27 region have shown a growing preference for train travel due to its convenience, affordability, and environmental benefits. Train travel offers a comfortable and efficient mode of transportation, especially for short to medium distances. With increasing concerns about climate change and the need for sustainable travel options, many customers are choosing trains over other modes of transportation.

Trends in the market: One of the key trends in the Trains market in EU-27 is the expansion and modernization of rail networks. Many countries in the region are investing in the development of high-speed rail lines, which offer faster and more efficient travel options. This trend is driven by the need to improve connectivity between cities and regions, promote tourism, and reduce congestion on roads and in airports. Another trend in the market is the integration of technology in trains. Train operators are incorporating advanced features such as Wi-Fi connectivity, entertainment systems, and improved seating arrangements to enhance the overall travel experience. Additionally, there is a growing focus on sustainability, with trains being designed to be more energy-efficient and environmentally friendly.

Local special circumstances: Each country in the EU-27 region has its own unique set of circumstances that impact the Trains market. For example, countries with large urban populations and limited road infrastructure, such as the Netherlands and Belgium, have a higher demand for train travel. On the other hand, countries with vast rural areas, such as Sweden and Finland, have a greater need for long-distance train services. Furthermore, the EU-27 region is known for its extensive network of international rail connections. This makes train travel a popular choice for both domestic and international tourists, contributing to the growth of the market. Additionally, the EU's commitment to promoting sustainable transportation further drives the demand for trains.

Underlying macroeconomic factors: Several macroeconomic factors contribute to the growth of the Trains market in EU-27. Economic stability and increasing disposable incomes in the region have led to a rise in leisure and business travel. Moreover, the EU's focus on developing infrastructure and promoting regional integration has resulted in increased investment in the rail sector. Furthermore, government policies and regulations play a crucial role in shaping the Trains market. Governments in the EU-27 region are implementing measures to encourage train travel, such as subsidies for rail operators and the development of intermodal transport systems. These policies aim to reduce reliance on cars and airplanes, leading to a positive impact on the Trains market. In conclusion, the Trains market in EU-27 is experiencing growth due to customer preferences for convenient and sustainable travel options, the expansion and modernization of rail networks, the integration of technology in trains, local special circumstances, and underlying macroeconomic factors. This trend is expected to continue as the region focuses on improving connectivity, promoting sustainability, and enhancing the overall travel experience.

Methodology

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.