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Train Tickets - Israel

Israel

In Israel, the Train Tickets market is expected to reach a projected revenue of US$264.40m by 2024.
Furthermore, the revenue is estimated to grow annually at a rate of 3.11% between 2024 and 2028, resulting in a projected market volume of US$298.90m by 2028.
It is also expected that the number of users in the same market will reach 1.73m users by 2028.
The user penetration rate is estimated to be 16.4% in 2024, increasing to 17.5% by 2028.
Additionally, the average revenue per user (ARPU) is projected to be US$173.00.
In terms of sales, it is estimated that 75% of the total revenue in the Train Tickets market will be generated through online sales by 2028.
Finally, when compared globally, the highest revenue in the Train Tickets market is expected to be generated in China, reaching US$72,940m by 2024.
Israel's railway system is undergoing a major transformation with the electrification of lines, expansion of stations, and introduction of high-speed trains.

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

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Analyst Opinion

Israel, a small country in the Middle East, has seen significant development in its Trains market in recent years. This growth can be attributed to several factors, including customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Israel have played a crucial role in the development of the Trains market. With a growing population and increasing urbanization, there is a growing demand for efficient and sustainable transportation options. Trains provide a convenient and eco-friendly mode of transportation, especially for daily commuters and long-distance travelers. Additionally, many customers prefer trains over other modes of transportation due to factors such as comfort, reliability, and affordability. Trends in the market have also contributed to the growth of the Trains market in Israel. The government has made significant investments in expanding and upgrading the country's railway infrastructure. This includes the construction of new railway lines, the introduction of high-speed trains, and the modernization of existing train stations. These developments have not only improved the overall efficiency and capacity of the railway network but have also attracted more customers to choose trains as their preferred mode of transportation. Local special circumstances further support the growth of the Trains market in Israel. The country's relatively small size and high population density make trains an ideal transportation option. Trains can transport a large number of passengers in a short amount of time, reducing congestion on roads and highways. Additionally, Israel's geographic location and political situation make trains a more secure and reliable mode of transportation compared to other options, such as air travel. Underlying macroeconomic factors have also contributed to the development of the Trains market in Israel. The country's strong economy and stable political environment have created a favorable business climate for both domestic and international investors. This has led to increased investments in the railway sector, resulting in the expansion and improvement of the Trains market. Furthermore, the government's focus on sustainable development and reducing carbon emissions has encouraged the adoption of trains as a greener alternative to cars and planes. In conclusion, the Trains market in Israel has experienced significant development in recent years, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The growing demand for efficient and sustainable transportation options, combined with government investments in railway infrastructure, has led to the expansion and modernization of the Trains market. With these favorable conditions, the Trains market in Israel is expected to continue growing in the coming years.

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.