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Key regions: South America, Thailand, Germany, China, Malaysia
The Trains market in Southern Europe is experiencing significant development and growth. Customer preferences in the Trains market in Southern Europe are shifting towards more sustainable and efficient modes of transportation. With increasing concerns about climate change and environmental sustainability, customers are increasingly choosing trains as a greener alternative to cars and airplanes. Trains offer lower carbon emissions compared to other modes of transportation, making them a popular choice among environmentally conscious travelers. Additionally, trains often provide a more comfortable and convenient travel experience, with amenities such as spacious seating, onboard dining options, and Wi-Fi connectivity. Trends in the Trains market in Southern Europe include the expansion and modernization of existing rail networks. Governments and railway operators are investing in infrastructure improvements to enhance the capacity and efficiency of train services. This includes the construction of new high-speed rail lines, the upgrade of existing tracks, and the introduction of advanced signaling and communication systems. These developments aim to reduce travel times, increase train frequencies, and improve overall reliability and punctuality. Local special circumstances in Southern Europe also contribute to the growth of the Trains market. The region's geographical characteristics, such as its mountainous terrain and coastal areas, make trains a practical and scenic mode of transportation. Trains can navigate challenging landscapes more easily than other modes of transport, offering passengers breathtaking views and unique travel experiences. Additionally, Southern Europe is a popular tourist destination, attracting millions of visitors each year. Trains provide an efficient and convenient way for tourists to explore the region, connecting major cities and tourist destinations. Underlying macroeconomic factors further support the development of the Trains market in Southern Europe. Economic growth and increased disposable income in the region have led to higher demand for travel and tourism. As a result, more people are opting to travel by train, taking advantage of competitive ticket prices and convenient schedules. Furthermore, the European Union has been promoting the use of trains as part of its efforts to create a more sustainable and integrated transportation network across the continent. This has resulted in increased funding and support for railway projects in Southern Europe, further driving the growth of the Trains market in the region. Overall, the Trains market in Southern Europe is experiencing growth due to changing customer preferences, infrastructure improvements, local special circumstances, and supportive macroeconomic factors. As more people prioritize sustainability and convenience in their travel choices, trains are becoming an increasingly popular mode of transportation in the region.
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)