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Train Tickets

Iraq

Iraq is expected to witness a significant growth in its Train Tickets market as revenue is projected to reach US$6.01m by 2024.
The market is poised to grow at an annual growth rate (CAGR 2024-2028) of 6.43%, projecting a market volume of US$7.71m by 2028.
In terms of users, the Train Tickets market is expected to witness a surge, amounting to 0.41m users by 2028.
The user penetration is projected to increase from 0.8% in 2024 to 0.8% by 2028.
Notably, the average revenue per user (ARPU) is expected to be US$16.68.
Online sales are expected to contribute significantly to the Train Tickets market's revenue, with 73% of the total revenue generated through this channel by 2028.
In comparison to other countries, China is projected to generate the most revenue in the Train Tickets market, with US$72,940m in 2024.
Iraq's train market is currently undergoing significant government-led investments in modernization and expansion.

Key regions: United States, South America, Europe, Indonesia, Saudi Arabia

Market

Region

Region comparison

Currency

Analyst Opinion

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

Customer preferences: Customers in Iraq are increasingly opting for train travel due to its affordability, convenience, and environmental benefits. Trains provide a cost-effective mode of transportation compared to other options such as air travel or private cars. Additionally, trains offer a convenient and comfortable travel experience, with amenities such as spacious seating, onboard entertainment, and food services. Furthermore, the growing awareness of environmental issues has led to a shift in customer preferences towards more sustainable modes of transportation, making trains an attractive choice.

Trends in the market: One of the key trends in the Trains market in Iraq is the expansion of railway infrastructure. The government has been investing heavily in the development of new railway lines and upgrading existing ones to meet the growing demand for train travel. This expansion is aimed at improving connectivity within the country and promoting economic development by facilitating the movement of goods and people. Additionally, there has been a focus on enhancing the speed and efficiency of train services, with the introduction of high-speed trains and the implementation of advanced signaling systems. Another trend in the market is the increasing adoption of technology in train operations. This includes the use of digital ticketing systems, automated fare collection, and real-time passenger information systems. These technological advancements not only improve the overall customer experience but also help in streamlining operations and enhancing safety and security measures.

Local special circumstances: Iraq has a unique geographical landscape, with vast desert areas and a relatively low population density outside major cities. This poses challenges in terms of infrastructure development and connectivity. However, the government has been proactive in addressing these challenges by investing in railway projects that aim to connect remote areas and improve accessibility for the population. This focus on inclusivity and regional development is driving the growth of the Trains market in Iraq.

Underlying macroeconomic factors: The growth of the Trains market in Iraq is also influenced by underlying macroeconomic factors. The country has been experiencing a period of stability and economic growth, which has resulted in increased disposable income and higher consumer spending. This has contributed to the rising demand for travel and tourism, including train travel. Additionally, the government's efforts to diversify the economy and reduce dependence on oil revenues have led to investments in sectors such as transportation and infrastructure, further supporting the growth of the Trains market. In conclusion, the Trains market in Iraq is witnessing significant growth and development, driven by customer preferences for affordability, convenience, and sustainability. The expansion of railway infrastructure, adoption of technology, and focus on regional connectivity are key trends shaping the market. The underlying macroeconomic factors of stability, economic growth, and government investments also contribute to the market's positive outlook.

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.