Dallas - December 21, 2009 - The number of passenger railcars produced
annually has increased from roughly 3,873 units in 2004 to 5,974 units in 2009.
The passenger rail market has grown at a CAGR of 9.1% by value over 2004 to 2009
and the global passenger rail market is expected to reach $ 39.1 billion by 2015.
Lucintel, a leading global management consulting and market research firm
with over 1000 clients worldwide, has analyzed the global passenger rail market
and has now published a comprehensive research report entitled "Global
Passenger Railway Market 2010 - 2015: Market Size, Share and Growth Forecast".
As per the study, Europe will remain leader in the overall region and Asia pacific
will be second larger because of the higher growth in that region and North America
is likely lose their market because of the growing popularity of personal cars there.
China will emerge as the largest high speed train market in coming 5 years. Passenger
rail market is primarily dependent on the economy and passenger-kilometer, as it
will increase so does rail market. As Asia has the largest passenger-kilometer and
their economies are reforming faster than the other economies as well so rail market
future will be much better in the Asian countries. The growth of high speed trains
in China, Korea & Japan and metro trains in India at Delhi and upcoming ones
in Bangalore and Mumbai will drive passenger rail market in Asia.
Lucintel's analysis finds that environmental concerns, developing economies, noise
and congestion by personal vehicles will lead passenger rail market in the future.
Lucintel's research report contains Executive Summary, Passenger Railway Industry:
Past, Present & Future, Passenger Railway Market: Global Analysis, Passenger
Railway Market: Regional Analysis, Passenger Railway Market: Trends and Forecasts,
Passenger Railway Market: Industry Leaders, Growth Opportunities for Passenger Rail
Market and more. This insightful report can help you make confident business
decisions in this globally competitive marketplace.
For a detailed table of contents and pricing information on this timely and insightful
report, please contact helpdesk at +1-972-620-8888 or via email
at helpdesk@lucintel.com. Lucintel provides
cutting edge decision support services that help you make critical decisions with
greater speed, insight and cost-efficiency. To find out more, visit www.lucintel.com
.