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Global Train Market Size, Share, Growth, Report, Analysis: By Distribution Channel: Online, Offline; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Train Market Size
The global train market reached around USD 71.82 billion in 2023. The market is projected to grow at a CAGR of 3.6% between 2024 and 2032 to reach nearly USD 98.74 billion by 2032.
| Global Train Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 71.82 |
| Market Size 2032 | USD Billion | 98.74 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 3.6% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 4.3% |
| CAGR 2024-2032 - Market by Country | India | 5.0% |
| CAGR 2024-2032 - Market by Country | United Kingdom | 4.4% |
| CAGR 2024-2032 - Market by Format | Online | 4.0% |
| Market Share by Country 2023 | USA | XX% |
Global Train Market Outlook
- The United States has the world’s largest network of railway tracks, at 250,000km.
- China and Russia are followed by the USA, with a railway network of 124,000 km and 86,000 km, respectively.
- India has the fourth-largest network of railways in the world, at over 80,000km.
Global Train Market Growth
The global rail industry accounted for around 1.1 billion tons of carbon emissions in 2022. As concerns for environmental protection intensify, the sector is boosting its commitment to sustainable practices. In 2023, over 10,000 electric trains were globally in operation. Multiple stakeholders are enhancing their investments to produce emissions-free trains. For instance, as a part of its commitment to reduce carbon emissions by 50% by 2030, the European Investment Bank is investing EUR 39 trillion towards the development of its railways.
The United Kingdom’s watchdog for British transport users, Transport Focus, suggests that over 80% of passengers feel safe when travelling by train. However, the mounting incidences of train accidents in 2022 have necessitated investments in the development of cutting-edge safety technologies like automatic train protection systems to minimise the risk of loss of human lives and enhance the safety of travelling.
Digitalisation is reshaping the future of the railway industry by providing opportunities for various data-driven enhancements. This includes the use of AI-powered cameras for detecting anomalies in railway tracks and promptly notifying railway operators to bolster their security measures to prevent train accidents. Moreover, AI tools can be used to analyse passenger behaviour and optimise train schedules, thereby boosting the travelling experience of passengers.
Global Train Industry Segmentation
Global Train Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Distribution Channel
- Online
- Offline
| CAGR 2024-2032 - Market by | Format |
| Online | 4.0% |
| Offline | XX% |
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 4.3% |
| Middle East and Africa | 3.5% |
| North America | 3.2% |
| Europe | XX% |
| Latin America | XX% |
Global Train Market Share
The market is segmented based on region into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is projected to dominate the market, representing 46% of the overall market share, while registering a CAGR of 4.3% over 2024-2032. This is due to rising infrastructure development in countries like India and China. In the forecast period of 2024-2032, India is assessed to grow at a CAGR of 5.0% due to the modernisation and advancement of rolling stocks and the rising integration of advanced technologies in trains.
Leading Companies in the Global Train Market
Major rail companies are focusing on the integration of new onboard equipment into passenger trains that enable people to stay connected and enjoy a delightful travel experience with the provision of personalised information and services.
- Amtrak Corporation
- Deutsche Bahn AG
- SNCF Group
- East Japan Railway Company
- Italian State Railways
- ÖBB Group
- Via Rail Canada Inc.
- Korea Railroad Corporation
- Central Japan Railway Company
- Greater Anglia
- Others
| CAGR 2024-2032 - Market by | Country |
| India | 5.0% |
| United Kingdom | 4.4% |
| Mexico | 3.8% |
| South Africa | 3.7% |
| USA | 3.1% |
| Canada | XX% |
| Germany | XX% |
| Italy | XX% |
| China | XX% |
| Australia | 2.9% |
| Brazil | XX% |
| Japan | 2.6% |
| France | 2.3% |
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Train Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Train Market Analysis
8.1 Key Industry Highlights
8.2 Global Train Historical Market (2018-2023)
8.3 Global Train Market Forecast (2024-2032)
8.4 Global Train Market by Distribution Channel
8.4.1 Online
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Offline
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Train Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Train Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Train Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Train Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Train Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Train Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Amtrak Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Deutsche Bahn AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 SNCF Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 East Japan Railway Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Italian State Railways
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 ÖBB Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Via Rail Canada Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Korea Railroad Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Central Japan Railway Company
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Greater Anglia
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Train Market: Key Industry Highlights, 2018 and 2032
2. Global Train Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
3. Global Train Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
4. Global Train Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Train Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Train Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Train Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Train Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Train Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Train Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Train Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Train Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Train Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Train Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Train Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Global Train Market Structure
Key Questions Answered in the Report
The market reached nearly USD 71.82 billion in 2023.
The market is projected to grow at a CAGR of 3.6% between 2024 and 2032.
The market is assessed to witness healthy growth in the forecast period to reach around USD 98.74 billion in 2032.
The different distribution channels in the market are online and offline.
The different regions covered in the market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key market players are Amtrak Corporation, Deutsche Bahn AG, SNCF Group, East Japan Railway Company, Italian State Railways, ÖBB Group, Via Rail Canada Inc., Korea Railroad Corporation, Central Japan Railway Company, and Greater Anglia, among others.
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