Train Tickets - Iran

Iran

Highlights

By 2024, the Train Tickets market in Iran is expected to see a revenue of US$143.90m.
The revenue is projected to grow annually by 14.64% (CAGR 2024-2029), resulting in a market volume of US$284.90m by 2029.
The number of users in the Train Tickets market is anticipated to reach 8.08m users by 2029.
Moreover, the user penetration rate is expected to increase from 5.5% in 2024 to 8.7% by 2029.
The average revenue per user (ARPU) is estimated to be US$28.92.
Additionally, in Iran's Train Tickets market, 68% of the total revenue will be generated through online sales by 2029.
It is noteworthy that in a global comparison, China is projected to generate the highest revenue of US$72bn in 2024.
Iran's railway industry is rapidly expanding with plans for new high-speed trains, signaling systems, and track upgrades.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Trains market in Iran is experiencing significant growth and development in recent years.

Customer preferences: Customers in Iran are increasingly opting for train travel due to its convenience, affordability, and environmental friendliness. Train travel offers a comfortable and efficient mode of transportation, especially for long-distance journeys. It also allows passengers to avoid traffic congestion and the stress associated with driving. Additionally, train travel is seen as a more sustainable option compared to other modes of transportation, aligning with the growing global awareness of climate change and the need for greener transportation solutions.

Trends in the market: One of the key trends in the Iranian Trains market is the modernization and expansion of the railway infrastructure. The government has been investing heavily in upgrading existing railway lines and constructing new ones to improve connectivity within the country and enhance the efficiency of train services. This includes the development of high-speed rail networks, which offer faster travel times and attract more passengers. Another trend in the market is the introduction of new train models and technologies. Iran has been collaborating with international train manufacturers to import advanced train models that offer enhanced comfort, safety features, and energy efficiency. This has led to an improved overall travel experience for passengers and has contributed to the growing popularity of train travel in the country.

Local special circumstances: Iran's geographical location and its vast land area contribute to the importance of train travel as a means of transportation. The country has a well-connected railway network that spans across different regions, making it a convenient mode of travel for both domestic and international journeys. Train stations are strategically located in major cities and towns, providing easy access to passengers. Furthermore, the government's focus on developing the railway sector is driven by the aim to reduce dependence on fossil fuels and promote sustainable transportation options. Iran has significant oil reserves, and by investing in the Trains market, the country can diversify its transportation sector and reduce carbon emissions.

Underlying macroeconomic factors: The growth and development of the Trains market in Iran can be attributed to several underlying macroeconomic factors. Firstly, the government's commitment to infrastructure development and investment in the railway sector has created opportunities for both domestic and foreign companies to participate in the market. This has stimulated competition and innovation, leading to improved services and offerings for customers. Secondly, the increasing urbanization and population growth in Iran have resulted in higher demand for efficient transportation options. Trains offer a viable solution for commuting and long-distance travel, especially in densely populated areas where road congestion is a major issue. Lastly, the government's efforts to promote tourism and attract foreign visitors have also contributed to the growth of the Trains market. Iran's rich cultural heritage and historical sites are major attractions for tourists, and the availability of convenient and reliable train services makes it easier for visitors to explore different parts of the country. In conclusion, the Trains market in Iran is experiencing growth and development due to customer preferences for convenience, affordability, and sustainability. The modernization of railway infrastructure, introduction of new train models, and the government's focus on sustainable transportation are key factors driving this trend. Additionally, Iran's geographical location, population growth, and government initiatives to promote tourism are contributing to the expansion of the Trains market.

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.