PUBLISHER: Grand View Research | PRODUCT CODE: 1092525
PUBLISHER: Grand View Research | PRODUCT CODE: 1092525
Train Market Size, Share & Trends Analysis Report, By Distribution Channel (Online, Offline), By Region, and Segment Forecasts, 2022 - 2028
Train Market Growth & Trends:
The global train market size is expected to reach USD 86.0 billion by 2028, registering a CAGR of 3.8% during the forecast period, to from 2022 to 2028, according to a new report by Grand View Research, Inc. The growth of the train market is credited to the development in the rail technology, expansion of the rail network, government initiatives, and increasing tourism travel.
Various governments are increasing expenditure on enhancing and developing the rail transportation network, contributing to the market growth. For instance, Rail Baltic Project, African Integrated High-Speed Railway Network, The Diamond Quadrilateral project, etc. is expected to drive the market growth. Furthermore, liberalization of the rail industry in Europe, increasing momentum of 'no-fly' movement, and rail transport gaining importance as the greenest mode of transport, collectively is fueling the growth of the long-distance rail travel.
Growth is primarily driven by the companies resuming operations and accepting to the new normal while recovering from the impact of COVID-19, which had previously led to operational challenges. Continuous developments in transportation sector are expected to offer lucrative opportunities for the market players during the forecast period. In addition, semi-autonomous as well as autonomous trains are witnessing rapid evolution along with huge technological advancements. These trains are able to run with minimal or without any human intervention. While mass adoption of such trains will take a lot of time, some train operating companies are likely to adopt semi-autonomous trains in the upcoming years.
At the onset of the COVID-19 pandemic, governments across the world took precautionary measures to curb the infection by imposing lockdown and travel restrictions. This resulted in a drop in the active rail networks as well as the number of passengers traveling by rail. As compared with 2019, approximately 30.0% drop in passengers was globally observed in 2020. The market is expected to show steady and slow growth during the forecast period, amid the increasing vaccination and a decrease in the number of COVID-19 patients.
The online segment of the distribution channel is likely to witness robust growth during the forecast years. The online segment is expected to register a CAGR of 5.5% from 2022 to 2028, in the global market. The segment is driven majorly by the technological developments, new entrants providing the software technology for online booking, and consumer inclination towards online booking over offline booking due to the comfort and easy process.
In the forecast years, the percentage of the gen z and millennials is rising, who are more tech-savvy and sought after more convenient ways. Also, government and key players' initiatives to adopt and provide new cutting-edge technology are likely to propel the segment growth. For instance, in September 2020, Eurail launched a mobile pass for use in 33 countries, through its digital app.
In the global train market, Asia Pacific is expected to undergo a massive technology shift and witness strong growth. Asia Pacific is projected to register a CAGR of 4.3% during the forecast years, in the global market. Government initiatives in the region, increasing urbanization, and rising population are the factors credited to the regional market development.
For instance, China is planning to double its high-speed long-distance rail network in the next 15 years and India is also planning high-speed hyper loop-based rail, providing a boost to the market growth. Also, in January 2021, Korail launched KTX-Eum high-speed long-distance train in South Korea, having a maximum speed of 260 km/h.
Train Market Report Highlights:
- Europe ranked 2nd largest and accounted for more than 30.0% revenue share of the global market during 2021. Developed and extensive railway connection in the region, ease, and comfort of traveling by long-distance train are the factors, credited to the significant market revenue share
- The global train market was dominated by the offline distribution channel segment in 2021, registering a 69.6% market revenue share. Lack of access to the online booking technology and large population preference for offline booking are the factors attributable to the highest market revenue share
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Distribution Channel Outlook
- 2.3. Regional Outlook
Chapter 3. Train Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's Five Forces Analysis
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.5.1. Industry Analysis - Porter's Five Forces Analysis
- 3.6. Roadmap of Train Market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19
Chapter 4. Consumer Behavior Analysis
- 4.1. Consumer Trends and Preferences
- 4.2. Factors Affecting Buying Decision
- 4.3. Consumer Type Adoption
- 4.4. Observations & Recommendations
Chapter 5. Train Market: Distribution Channel Estimates & Trend Analysis
- 5.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2028
- 5.2. Online
- 5.2.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 5.3. Offline
- 5.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
Chapter 6. Train Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2021 & 2028
- 6.2. North America
- 6.2.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.2.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.2.3. U.S.
- 6.2.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.2.3.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.2.4. Canada
- 6.2.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.2.4.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.3. Europe
- 6.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.3.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.3.3. U.K.
- 6.3.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.3.3.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.3.4.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.3.5. France
- 6.3.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.3.5.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.4.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.4.3. China
- 6.4.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.4.3.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.4.4. India
- 6.4.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.4.4.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.4.5. Japan
- 6.4.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.4.5.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.5. Central & South America
- 6.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.5.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.5.3. Brazil
- 6.5.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.5.3.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.5.4. Argentina
- 6.5.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.5.4.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.6.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.6.3. Saudi Arabia
- 6.6.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.6.3.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
- 6.6.4. South Africa
- 6.6.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.6.4.2. Market Estimates and Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
Chapter 7. Competitive Analysis
- 7.1. Key Global Players, Recent Developments & their impact on the industry
- 7.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 7.3. Vendor Landscape
- 7.3.1. Key Company Market Share Analysis, 2021
Chapter 8. Company Profiles
- 8.1. Deutsche Bahn AG
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Strategic Initiatives
- 8.2. SNCF Group
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Strategic Initiatives
- 8.3. MTR Corporation Limited
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Strategic Initiatives
- 8.4. Amtrak Corporation
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Strategic Initiatives
- 8.5. Via Rail Canada Inc.
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Strategic Initiatives
- 8.6. Korea Railroad Corporation
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Strategic Initiatives
- 8.7. China State Railway Co Ltd.
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Strategic Initiatives
- 8.8. OBB Group
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Strategic Initiatives
- 8.9. Central Japan Railway Company
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Strategic Initiatives
- 8.10. NSW Train link
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Strategic Initiatives
List of Tables
- 1. Train Market - Key Market Driver Analysis
- 2. Train Market - Key Market Restraint Analysis
- 3. Global Online Train Market Estimates and Forecast By Distribution Channel, From 2017 - 2028 (USD Million)
- 4. Global Offline Train Market Estimates and Forecast By Distribution Channel, From 2017 - 2028 (USD Million)
- 5. Global Train Market Estimates and Forecast, By Region 2017 - 2028 (USD Million)
- 6. Global Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 7. North America Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 8. North America Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 9. U.S. Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 10. U.S. Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 11. Canada Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 12. Canada Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 13. Europe Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 14. Europe Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 15. U.K. Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 16. U.K. Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 17. Germany Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 18. Germany Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 19. France Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 20. France Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 21. Asia Pacific Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 22. Asia Pacific Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 23. China Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 24. China Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 25. India Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 26. India Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 27. Japan Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 28. Japan Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 29. Central &South America Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 30. Central &South America Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 31. Brazil Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 32. Brazil Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 33. Argentina Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 34. Argentina Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 35. Middle East &Africa Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 36. Middle East &Africa Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 37. Saudi Arabia Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 38. Saudi Arabia Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 39. South Africa Train Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 40. South Africa Train Market Estimates and Forecast By Distribution Channel, 2017 - 2028 (USD Million)
- 41. Vendor Landscape
List of Figures
- 1. Train Market Snapshot
- 2. Train Market Segmentation & Scope
- 3. Train Market Penetration & Growth Prospect Mapping
- 4. Train Market Value Chain Analysis
- 5. Train Market Dynamics
- 6. Train Market Porter's Analysis
- 7. Flight Market: Distribution Channel Analysis
- 8. Train Market: Regional Movement Analysis
