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Train Tickets - Morocco

Morocco

Morocco is expected to witness a significant rise in the revenue of the Train Tickets market, with a projected value of €345.90m by 2024.
The revenue is estimated to grow at an annual rate of 2.41% between 2024 and 2029, resulting in a market volume of €389.60m by 2029.
By 2029, the number of users is projected to reach 6.50m users in Morocco.
The user penetration rate is expected to increase from 15.5% in 2024 to 16.3% by 2029.
The average revenue per user (ARPU) is expected to be €58.27.
It is projected that 63% of the total revenue in the Train Tickets market will be generated through online sales in Morocco by 2029.
In a global comparison, the highest revenue in the Train Tickets market is expected to be generated in China, with a projected value of €66,030m in 2024.
Morocco's train market is expanding, with new high-speed lines and modern trains, making it a promising destination for rail enthusiasts.

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Trains market in Morocco has been experiencing significant 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 Morocco.

Customer preferences: Customer preferences in Morocco have been shifting towards more sustainable and efficient modes of transportation. Trains offer a greener alternative to cars and airplanes, as they produce fewer greenhouse gas emissions per passenger. Additionally, trains are often more cost-effective and time-efficient for certain journeys, especially for shorter distances. This has led to an increased demand for train travel in Morocco.

Trends in the market: One of the key trends in the Trains market in Morocco is the expansion of the railway network. The government has been investing in the development of new railway lines, connecting different cities and regions across the country. This expansion has not only improved connectivity but has also increased the accessibility of train travel for the population. As a result, more people are opting to travel by train, leading to a growth in the Trains market. Another trend in the market is the modernization of existing trains and infrastructure. The Moroccan government has been investing in upgrading trains and railway infrastructure to enhance the comfort and safety of passengers. This includes the introduction of high-speed trains and the renovation of railway stations. These improvements have made train travel more attractive and convenient for customers, further driving the growth of the Trains market in Morocco.

Local special circumstances: Morocco's geographic location as a gateway between Europe and Africa has contributed to the development of the Trains market. The country serves as a transit hub for international travelers, and trains provide a convenient mode of transportation for those traveling within Morocco or to neighboring countries. This has created a demand for train services, both for domestic and international travelers.

Underlying macroeconomic factors: The Trains market in Morocco has also been influenced by underlying macroeconomic factors. The country has been experiencing steady economic growth, which has resulted in an increase in disposable income and a growing middle class. As a result, more people are able to afford train travel and are willing to spend on transportation services. Additionally, the government's focus on infrastructure development and tourism promotion has further stimulated the Trains market in Morocco. In conclusion, the Trains market in Morocco is developing due to customer preferences for more sustainable and efficient modes of transportation, the expansion of the railway network, the modernization of trains and infrastructure, the country's geographic location as a transit hub, and underlying macroeconomic factors such as economic growth and government investments.

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.