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Mon - Fri, 9am - 6pm (EST)
Key regions: South America, Thailand, Germany, China, Malaysia
The Trains market in Japan has been experiencing significant growth in recent years.
Customer preferences: Japanese consumers have a strong preference for trains as their primary mode of transportation. This is due to several factors, including the reliability, efficiency, and convenience of train travel in Japan. Trains in Japan are known for their punctuality, with delays of just a few seconds considered unacceptable. This level of reliability has made trains the preferred choice for both daily commutes and long-distance travel.
Trends in the market: One of the key trends in the Japanese train market is the increasing demand for high-speed trains, such as the Shinkansen. These trains offer faster travel times and enhanced comfort, making them a popular choice for both business and leisure travelers. The government has been investing heavily in expanding the high-speed rail network, which has further fueled the growth of this segment. Another trend in the market is the focus on sustainability and energy efficiency. With growing concerns about climate change and environmental impact, there is a greater emphasis on developing trains that are more energy-efficient and produce fewer emissions. This has led to the introduction of hybrid and electric trains in Japan, which are gaining popularity among both operators and passengers.
Local special circumstances: Japan's geography, characterized by mountainous terrain and limited space, has played a significant role in the development of its train market. The country's dense population and limited land availability make trains an ideal mode of transportation, as they can carry a large number of passengers in a relatively small area. This has led to the construction of extensive rail networks, connecting major cities and regions across the country. Additionally, Japan's aging population has also contributed to the growth of the train market. With an increasing number of elderly citizens, there is a greater demand for accessible and comfortable transportation options. Trains, with their level boarding and spacious interiors, cater to the needs of this demographic.
Underlying macroeconomic factors: Japan's strong economy and high standard of living have also contributed to the growth of the train market. With a stable and prosperous economy, Japanese consumers have the financial means to invest in reliable and efficient transportation options. The government's commitment to infrastructure development and investment has further supported the growth of the train market. In conclusion, the Trains market in Japan is experiencing growth due to customer preferences for reliable and efficient transportation, the increasing demand for high-speed and sustainable trains, the unique local circumstances of Japan's geography and aging population, and the underlying macroeconomic factors of a strong economy and government investment.
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)