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Train Tickets - Jordan

Jordan

Jordan is projected to witness a substantial growth in the Train Tickets market's revenue, which is expected to reach US$1.05m by 2024.
Moreover, the revenue is predicted to grow annually at a rate of 4.68% from 2024 to 2029, resulting in an estimated market volume of US$1.32m by 2029.
The Train Tickets market in Jordan is expected to have 102.80k users users in 2029, with a user penetration rate of 0.9%.
In 2024, the user penetration rate is expected to be 0.7%.
The average revenue per user (ARPU) is estimated to be US$12.72.
By 2029, online sales are expected to generate 69% of the Train Tickets market's total revenue.
In terms of global comparison, China is projected to generate the most revenue amounting to US$71,950m by 2024.
Jordan's railway system is undergoing significant expansion, with new routes planned and modern trains being introduced to improve transportation infrastructure within the country.

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

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Analyst Opinion

The Trains market in Jordan has been experiencing steady growth in recent years. Customer preferences have shifted towards more sustainable and efficient modes of transportation, leading to an increased demand for trains. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the Trains market in Jordan.

Customer preferences: Customers in Jordan have shown a growing preference for trains as a mode of transportation. Trains offer several advantages over other forms of transportation, such as affordability, reliability, and comfort. With the increasing awareness of environmental issues, customers are also more inclined towards sustainable modes of transportation. Trains are considered to be more eco-friendly compared to cars or airplanes, as they produce fewer greenhouse gas emissions per passenger-kilometer.

Trends in the market: One of the key trends in the Trains market in Jordan is the expansion of the existing railway network. The government has been investing in the development of new railway lines and the modernization of existing infrastructure. This expansion aims to improve connectivity within the country and enhance transportation options for both passengers and freight. The introduction of new train routes and services has also contributed to the growth of the market. Another trend in the Trains market is the adoption of advanced technologies. Train operators are investing in modern trains equipped with state-of-the-art features, such as high-speed connectivity, comfortable seating, and improved safety measures. These technological advancements not only enhance the overall passenger experience but also attract more customers to choose trains as their preferred mode of transportation.

Local special circumstances: Jordan's geographical location plays a significant role in the development of the Trains market. The country is strategically located in the Middle East, making it a hub for regional transportation. The government recognizes the potential of the railway sector in promoting trade and tourism, and thus, has been actively investing in its development. The railway network in Jordan connects major cities and border crossings, facilitating the movement of goods and people within the country and to neighboring countries.

Underlying macroeconomic factors: The growth of the Trains market in Jordan is also influenced by underlying macroeconomic factors. The country has been experiencing economic stability and steady GDP growth, which has resulted in increased disposable income and higher spending power among the population. This, in turn, has led to a higher demand for transportation services, including trains. Additionally, the government's focus on infrastructure development and investment in the railway sector has created employment opportunities and stimulated economic growth. In conclusion, the Trains market in Jordan is developing due to changing customer preferences, the expansion of the railway network, adoption of advanced technologies, local special circumstances, and underlying macroeconomic factors. As customers increasingly prioritize sustainability and efficiency, the demand for trains as a mode of transportation is expected to continue growing in the coming years. The government's continued investment in the railway sector will further support the development of the market and contribute to the overall economic growth of the country.

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.