Train Tickets - Pakistan | Statista Market Forecast

By 2024, the Train Tickets market in Pakistan is expected to generate a revenue of US$790.00m.
The projected annual growth rate (CAGR 2024-2029) is 5.75%, which is expected to result in a market volume of US$1.04bn by 2029.
The number of users in this market is expected to increase to 35.41m users by 2029.
The projected user penetration is 10.3% in 2024, which is expected to rise to 13.2% by 2029.
The average revenue per user (ARPU) is projected to be US$31.14.
Additionally, it is expected that 48% of the total revenue in the Train Tickets market will be generated through online sales by 2029.
It is noteworthy that, in comparison to other countries, China is projected to generate the highest revenue of US$72bn in the Train Tickets market by 2024.
Pakistan's railway system is undergoing modernization efforts, including the procurement of new locomotives and upgrading of existing infrastructure.

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 Pakistan has been experiencing significant growth in recent years, driven by customer preferences for efficient and affordable transportation options. With a large population and limited road infrastructure, trains have become a popular mode of travel for both passengers and freight in the country.

Customer preferences: Customers in Pakistan have shown a strong preference for trains due to their affordability and convenience. Trains offer a cost-effective alternative to other modes of transportation, such as buses or cars, especially for long-distance travel. Additionally, trains provide a comfortable and spacious environment for passengers, making them a preferred choice for many.

Trends in the market: One of the key trends in the Trains market in Pakistan is the modernization and expansion of existing railway networks. The government has been investing heavily in upgrading infrastructure, improving the quality of trains, and expanding the network to connect more cities and regions. This has led to increased accessibility and connectivity, making trains a more attractive option for both passengers and freight transportation. Another trend in the market is the introduction of high-speed trains. Pakistan has recently launched its first high-speed train service, which has significantly reduced travel time between major cities. This development has been well-received by customers, as it provides a faster and more efficient mode of transportation.

Local special circumstances: Pakistan's geography and population density also play a role in the development of the Trains market. The country has a vast land area, and trains are an effective way to connect different regions. Moreover, the high population density in urban areas makes trains a more practical mode of transportation, as they can accommodate a large number of passengers at once.

Underlying macroeconomic factors: The growth of the Trains market in Pakistan can also be attributed to underlying macroeconomic factors. The country has been experiencing steady economic growth, which has led to an increase in disposable income and consumer spending. This has resulted in a higher demand for transportation services, including trains. Furthermore, the government's focus on infrastructure development and investment in the transportation sector has created a favorable environment for the Trains market. The implementation of various projects, such as the China-Pakistan Economic Corridor, has further boosted the demand for trains as a means of transportation. In conclusion, the Trains market in Pakistan is developing rapidly due to customer preferences for affordable and efficient transportation options. The modernization and expansion of railway networks, the introduction of high-speed trains, and the country's unique geographical and demographic characteristics have all contributed to the growth of this market. Additionally, underlying macroeconomic factors, such as steady economic growth and government investment in infrastructure, have further fueled the development of the Trains market in Pakistan.

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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