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 .