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Rail Transit Passenger Vehicles Market Trends and Forecast

The future of the global rail transit passenger vehicles market looks promising with opportunities in the commercial use and military use markets. The global rail transit passenger vehicles market is expected to grow with a CAGR of 7.0% from 2025 to 2031. The major drivers for this market are increasing investment in magnetic levitation trains and growing popularity of high-speed rail network.

• Lucintel forecasts that, within the type category, is expected to witness higher growth over the forecast period.
• Within the application category, is expected to witness the highest growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.

Rail Transit Passenger Vehicles Market Trends and Forecast

Rail Transit Passenger Vehicles Market by Segment

Emerging Trends in the Rail Transit Passenger Vehicles Market

The rail transit passenger vehicles market is evolving with the emergence of new trends that aim to improve efficiency, sustainability, and the overall passenger experience. Technological advancements, increased environmental awareness, and the need for better urban mobility are driving these trends. Governments and rail operators are focusing on green technologies, automation, and integration with smart infrastructure. These trends are reshaping the way rail systems operate, making them more adaptable, cost-effective, and environmentally friendly.
• Electrification Of Rail Systems: The electrification of rail networks is becoming a significant trend globally. Many countries are transitioning from diesel-powered trains to electric ones to reduce carbon emissions and promote sustainable transport. Electrified systems are more energy-efficient, cost-effective, and environmentally friendly. They also provide better performance and reliability compared to traditional systems. Electrification reduces the carbon footprint of rail systems, thus supporting global efforts to combat climate change. The increasing demand for green transportation requires electrification as a step towards making rail systems more sustainable and efficient.
• High-Speed Rail Expansion: High-speed rail is increasingly becoming popular as a means of reducing travel times between cities and improving the overall efficiency of rail transit. China, Japan, and several European countries are increasing their high-speed rail network to improve connectivity and reduce highway and airport congestion. High-speed trains provide faster and more comfortable travel, thereby improving the overall passenger experience. The development of high-speed rail will further promote the use of rail for long-distance travel, reducing reliance on cars and airplanes while contributing to environmental sustainability.
• Autonomous Rail Technology: Autonomous rail technology is gaining momentum as rail operators look to improve safety, reduce operational costs, and increase efficiency. Autonomous trains equipped with AI and sensor technologies can operate without a human driver, leading to fewer human errors and more precise scheduling. This technology is also expected to enhance the flexibility of rail operations, allowing for better route optimization and quicker response times. The ongoing research and trials of autonomous trains indicate that this technology will play a significant role in the future of rail transit, providing both economic and operational benefits.
• Hydrogen-Powered Trains: Hydrogen-powered trains are emerging as an alternative to electric-powered trains, especially in areas where electrification is not feasible. These trains use hydrogen fuel cells to generate electricity, emitting only water vapor as a byproduct, making them a zero-emission solution. Hydrogen trains are expected to become increasingly important as the world shifts towards cleaner energy solutions. Their introduction is particularly relevant for regions with non-electrified rail lines, where they can provide a sustainable alternative to diesel-powered locomotives. The growing interest in hydrogen-powered trains is contributing to the diversification of green transport options in the rail sector.
• Smart Rail Systems And Passenger Experience: The integration of smart technologies is improving the passenger experience in rail transit systems. Real-time tracking, contactless payments, and digital ticketing are becoming standard features in many rail networks. These innovations enhance convenience, reduce waiting times, and improve operational efficiency. Additionally, the use of data analytics allows rail operators to optimize scheduling, improve service reliability, and provide a more personalized travel experience. As cities increasingly adopt smart city concepts, the integration of rail systems with other modes of transport and urban infrastructure will further improve the efficiency and convenience of public transit.
These emerging trends such as electrification, high-speed rail, autonomous technology, hydrogen trains, and smart systems are reshaping the rail transit passenger vehicles market. They contribute to the overall goal of improving transportation efficiency, reducing environmental impact, and enhancing the passenger experience. As cities and countries invest in these technologies, the future of rail transit will be more sustainable, connected, and technologically advanced.
Emerging Trends in the Rail Transit Passenger Vehicles Market

Recent Development in the Rail Transit Passenger Vehicles Market

Recent developments in the rail transit passenger vehicles market are centered on modernizing infrastructure, adopting green technologies, and enhancing operational efficiency. The focus is on creating sustainable, efficient, and safe transportation systems. With the growing demand for environmentally friendly solutions and urban mobility improvements, rail systems are evolving to meet the needs of modern cities. These developments are expected to transform the way passengers travel and help reduce congestion, emissions, and operational costs.
• Electrification of Rail Networks: Electrification is one of the most significant developments in rail transit systems. Countries are replacing diesel trains with electric-powered ones to reduce carbon emissions and improve energy efficiency. Electrification of rail networks not only leads to greener transportation but also offers improved performance, faster speeds, and lower maintenance costs. As electric trains are integrated into existing rail networks, cities and countries can offer more sustainable and cost-effective transit options to passengers, reducing dependence on fossil fuels and aligning with global sustainability goals.
• Development of High-Speed Rail: High-speed rail systems are expanding across countries like China, Japan, and several European nations. These systems provide faster, more efficient alternatives to traditional rail travel, reducing travel times and increasing connectivity between major cities. The development of high-speed rail is expected to reduce congestion on highways and at airports while contributing to environmental sustainability. With improved comfort, reliability, and convenience, high-speed rail is positioning itself as a competitive alternative to air travel and long-distance road transport, reshaping the way people commute.
• Autonomous Train Trials: Autonomous trains are being tested as part of ongoing efforts to improve rail safety and efficiency. Equipped with AI and sensor technologies, autonomous trains can operate without human intervention, reducing errors and increasing operational efficiency. They can optimize routes, schedules, and performance, allowing for better service. While still in the trial phase, autonomous trains represent a significant leap forward in rail technology, offering potential cost savings, improved reliability, and the ability to respond more dynamically to changing conditions in rail networks.
• Hydrogen-Powered Trains: The introduction of hydrogen-powered trains marks a significant step toward reducing carbon emissions in the rail sector. Hydrogen fuel cells produce electricity with water vapor as the only emission, making them a sustainable solution for areas where electrification is impractical. Several countries are testing hydrogen trains, and their introduction is expected to play an important role in meeting global environmental goals. Hydrogen-powered trains are an important development in the search for cleaner alternatives to diesel locomotives, particularly for non-electrified tracks.
• Smart Passenger Services: Smart technologies are transforming the passenger experience, with real-time tracking, digital ticketing, and contactless payments becoming increasingly common. These innovations make traveling by train more convenient and efficient, offering passengers greater flexibility and reducing waiting times. Additionally, data analytics allows for better operational decisions, improving service reliability and optimizing routes. The integration of rail systems with smart city initiatives further enhances urban mobility by creating seamless connections between different modes of transport.
The rail transit passenger vehicles market is evolving with significant advancements in electrification, high-speed rail, autonomous technologies, hydrogen power, and smart services. These developments are transforming the sector, contributing to sustainable and efficient transportation systems, and improving passenger experiences. These changes are setting the stage for a future where rail systems are more integrated, environmentally friendly, and technologically advanced.

Strategic Growth Opportunities in the Rail Transit Passenger Vehicles Market

Growth opportunities are found in the rail transit passenger vehicles market because of demand for efficiency, sustainability, and technological advancement of transport solutions. Governments and private companies are focused increasingly on innovations in technology, sustainability, and urban mobility integration toward increasingly high demand for improved rail systems. Seizing such opportunities will be a significant factor in creating future streams for rail transit and transforming urban transport landscapes.
• Electrification of Non-Electrified Networks: The expansion of electric rail networks is a key growth opportunity in regions with non-electrified tracks. Electrification projects reduce carbon emissions and improve energy efficiency. It offers a sustainable solution for regions that currently rely on diesel-powered trains. Electrification enables rail operators to reduce operational costs, improve the passenger experience with faster trains, and contribute to environmental goals. This is a chance for the rail operator and infrastructure providers to invest in upgrading existing networks toward more environmentally and socially friendly solutions.
• Development of High-Speed Rail: The development of high-speed rail presents a strategic opportunity for countries seeking to reduce travel times, enhance connectivity, and improve passenger satisfaction. Investing in high-speed rail systems can provide cities and regions with faster and more efficient alternatives to cars and airplanes. The development of high-speed networks can stimulate economic growth, enhance regional integration, and reduce traffic congestion. As countries like China, Japan, and Germany continue to expand high-speed rail systems, this segment presents strong growth potential in the rail industry.
• Hydrogen Train Technology: Hydrogen-powered trains offer a sustainable alternative to traditional diesel trains, especially in areas where electrification is difficult or expensive. As governments and organizations push for greener solutions, hydrogen trains present a growth opportunity for rail manufacturers. These trains produce zero emissions, making them an attractive option for eco-conscious transit operators. With ongoing advancements in hydrogen fuel cell technology, this market segment is expected to grow rapidly as governments provide incentives for sustainable transportation solutions.
• Integration of Smart Technologies: The integration of smart technologies in rail transit systems provides a wealth of growth opportunities. Smart ticketing, real-time tracking, and advanced scheduling systems enhance the passenger experience while improving operational efficiency. Smart technologies also enable better management of rail systems, optimizing routes and minimizing delays. Rail companies that invest in digital solutions and data analytics will be well-positioned to improve service and attract more passengers, ensuring the long-term growth of rail networks.
• Sustainability and Green Initiatives: As governments and cities prioritize sustainability, green initiatives in rail transport are becoming a significant growth area. Investment in eco-friendly rail solutions such as electric trains, renewable energy-powered systems, and emissions-reducing technologies provides opportunities for innovation. Companies that focus on providing green solutions will benefit from government incentives and increased demand for environmentally conscious transportation options. This growth opportunity aligns with global trends toward sustainability and low-carbon transport options.
These strategic growth opportunities-electrification, high-speed rail, hydrogen technology, smart systems, and sustainability-make up the framework of the rail transit passenger vehicles market. Leveraging these factors, rail firms can make efficiencies, minimize harmful effects on the environment, and cater to ever-increasing transportation needs.

Rail Transit Passenger Vehicles Market Driver and Challenges

The rail transit passenger vehicles market is influenced by a variety of drivers and challenges that impact its growth and sustainability. Technological advancements, economic factors, and regulatory changes are key drivers of innovation. However, challenges such as funding constraints, infrastructure limitations, and the need for modernization also pose obstacles. Understanding these factors helps in recognizing opportunities for growth and addressing barriers to the development of the rail industry.
The factors responsible for driving the rail transit passenger vehicles market include:
1. Technological breakthroughs: Continuous technological advancements are a major driver in the rail transit sector. Innovations in electric and autonomous trains, as well as digital infrastructure, improve operational efficiency, safety, and passenger satisfaction. The development of smart rail technologies such as real-time tracking, digital ticketing, and AI-driven systems enhances overall service quality. As these technologies continue to evolve, they are reshaping the market by offering faster, more efficient, and eco-friendly transportation solutions.
2. Environmental Sustainability and Regulations: The increasing focus on sustainability and stricter environmental regulations are major drivers of change in the rail transit market. Governments are pushing for greener alternatives to traditional diesel trains, promoting electric-powered and hydrogen fuel cell trains. These initiatives are expected to reduce the environmental footprint of the transportation sector while improving air quality. With global efforts to combat climate change, sustainability is driving investment and innovation in rail systems.
3. Urbanization and Population Growth: Rapid urbanization and growing populations in cities are increasing the demand for efficient and reliable public transportation systems. As cities become more crowded, rail transit offers a sustainable solution to alleviate traffic congestion and reduce pollution. The need for modern, high-capacity rail systems is expected to grow, with an emphasis on upgrading infrastructure, expanding rail networks, and introducing new technologies to cater to urban populations.
4. Cost Efficiency and Economic Benefits: The cost efficiency of rail systems is driving their adoption, especially in countries with high population densities. Rail transit is often more economical than other forms of transportation, particularly in high-traffic regions. The long-term operational savings provided by electric trains, automated systems, and efficient scheduling contribute to reducing costs. This makes rail a competitive and cost-effective choice for both governments and passengers.
5. Government Investment and Policy Support: Countries around the globe see investing in rail transit as a way to alleviate congestion, improve environmental considerations, and enhance economic growth. Incentives, subsidies, and public investment are stimulating the construction of modern rail networks that utilize new technologies, including cleaner modes of operation like electric trains and hydrogen fuel cells. Thus, green technologies will help promote further innovation in infrastructure through policies.
Challenges in the rail transit passenger vehicles market are:
1. Funding Constraints: One of the major challenges is securing funding for new rail projects, mainly infrastructure upgrades and new systems. Many countries face tight wallets that may hold back the plans to implement rail projects. Overcoming such a challenge requires a public-private partnership and governmental support.
2. Infrastructure and Integration Issues: Integrating new rail technologies into existing infrastructure presents challenges. Upgrading old tracks and stations to accommodate modern trains, along with ensuring interoperability between different systems, can be costly and time-consuming. Addressing these issues requires significant investment and planning.
3. Technological Barriers and Safety Concerns: The implementation of new technologies such as autonomous trains and AI-powered systems presents technical challenges. Ensuring the reliability and safety of autonomous vehicles, improving AI algorithms, and managing cybersecurity risks are key concerns. Safety regulations and technical testing must be prioritized to ensure that new technologies meet industry standards.
Technological innovation, sustainability, and government support are key drivers of growth in the rail transit passenger vehicles market. However, challenges such as funding constraints, infrastructure integration, and safety concerns must be addressed. By overcoming these obstacles, the rail industry can continue to evolve and provide sustainable, efficient transportation solutions.

List of Rail Transit Passenger Vehicles Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies rail transit passenger vehicles companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the rail transit passenger vehicles companies profiled in this report include-
• Hyundai Rotem
• Bombardier Transportation
• Siemens Mobility
• Hitachi Rail Italy
• Kawasaki
• Nippon Sharyo
• Niigata Transys
• Brookville Equipment Corporation
• Wabtec
• Stadler Rail

Rail Transit Passenger Vehicles Market by Segment

The study includes a forecast for the global rail transit passenger vehicles market by type, application, and region.

Rail Transit Passenger Vehicles Market by Type [Value from 2019 to 2031]:


• Tram Car
• Subway Car
• Railway Passenger Car

Rail Transit Passenger Vehicles Market by Application [Value from 2019 to 2031]:


• Commercial Use
• Military Use

Rail Transit Passenger Vehicles Market by Region [Value from 2019 to 2031]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Rail Transit Passenger Vehicles Market

The rail transit passenger vehicles market has seen significant developments across different countries, driven by the growing demand for efficient, sustainable, and technologically advanced transportation systems. With cities focusing on reducing congestion, minimizing environmental impact, and improving urban mobility, advancements in rail transit vehicles are critical. This includes the adoption of electric trains, high-speed rail, and autonomous technologies. Countries like the United States, China, Germany, India, and Japan are at the forefront of these changes, working on upgrading their rail systems to meet increasing passenger demands while addressing environmental and efficiency concerns.
• United States: The United States is investing heavily in rail transit systems, particularly in expanding high-speed rail networks and modernizing existing infrastructure. States like California and Texas are pushing for high-speed rail initiatives that can connect urban areas more efficiently, reducing traffic congestion and environmental impact. Furthermore, electric-powered passenger trains are being introduced in several regions to promote sustainability. Cities like New York and Chicago are also focusing on enhancing commuter rail systems by upgrading their fleets with more energy-efficient and comfortable passenger vehicles. Its aim is to enhance the quality of service and meet increased demand for public transport.
• China: The country continues to remain ahead in the development of high-speed rail and boasts the worldÄX%$%Xs highest number of high-speed rail lines. ChinaÄX%$%Xs high-speed rail infrastructure is being developed with full speed, new lines being introduced, connecting major cities-one after the other-with improved accessibility and reduction in time. Chinese rail manufacturers are also advancing electric and autonomous train technology, making rail transit more efficient, environmentally friendly, and affordable. The introduction of intelligent rail systems and the integration of artificial intelligence in train operations are expected to further enhance the countryÄX%$%Xs rail networks, ensuring the smooth movement of passengers and goods.
• Germany: Germany remains a key player in the European rail transit sector, with a focus on sustainability, automation, and passenger comfort. Deutsche Bahn, the national rail operator, is working on replacing older diesel trains with electric alternatives to reduce carbon emissions. The introduction of digital signaling systems and smart ticketing platforms is transforming passenger experience. Additionally, Germany is exploring the use of hydrogen-powered trains as an alternative to traditional electric trains, which could help reduce dependency on electric grids. With these developments, Germany is striving to create a more energy-efficient, sustainable, and customer-focused rail transit system.
• India: India’s rail network is undergoing substantial modernization with an emphasis on electrification, high-speed rail, and safety enhancements. Semi-high-speed trains like the Vande Bharat Express are an attempt for improving comfort as well as halving the journey time from one major city to another. Indian railways has been looking forward to electric locomotives and advanced signal technologies toward safe and efficient operations. Apart from this, the government plans for zero carbon footprint is a significant attempt toward sustainable rail transit. The drive of smart rail systems, with ticketing and real-time tracking inbuilt, also encourages Indian rail transit.
• Japan: Japan continues its advancements in the rail transit field, famous for its high tech, on-time, and efficient capabilities. Added to this repertoire of excellence are the newly introduced maglev trains (magnetic levitation), which will one day demonstrate extremely high speeds. Japan is also expanding its high-speed shinkansen network to meet growing passenger demand, with a focus on improving energy efficiency. Efforts to introduce autonomous rail technology are underway, with trials being conducted in certain regions. Japan’s commitment to maintaining and upgrading its rail systems with the latest technologies, alongside integrating them with smart city infrastructure, ensures that the country remains a leader in rail transit development.
Lucintel Analytics Dashboard

Features of the Global Rail Transit Passenger Vehicles Market

Market Size Estimates: Rail transit passenger vehicles market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Rail transit passenger vehicles market size by type, application, and region in terms of value ($B).
Regional Analysis: Rail transit passenger vehicles market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the rail transit passenger vehicles market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the rail transit passenger vehicles market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Lucintel Consulting Services

FAQ

Q1. What is the growth forecast for rail transit passenger vehicles market?
Answer: The global rail transit passenger vehicles market is expected to grow with a CAGR of 7.0% from 2025 to 2031.
Q2. What are the major drivers influencing the growth of the rail transit passenger vehicles market?
Answer: The major drivers for this market are increasing investment in magnetic levitation trains and growing popularity of high-speed rail network.
Q3. What are the major segments for rail transit passenger vehicles market?
Answer: The future of the rail transit passenger vehicles market looks promising with opportunities in the commercial use and military use markets.
Q4. Who are the key rail transit passenger vehicles market companies?
Answer: Some of the key rail transit passenger vehicles companies are as follows:
• Hyundai Rotem
• Bombardier Transportation
• Siemens Mobility
• Hitachi Rail Italy
• Kawasaki
• Nippon Sharyo
• Niigata Transys
• Brookville Equipment Corporation
• Wabtec
• Stadler Rail
Q5. Which rail transit passenger vehicles market segment will be the largest in future?
Answer: Lucintel forecasts that, within the type category, is expected to witness higher growth over the forecast period.
Q6. In rail transit passenger vehicles market, which region is expected to be the largest in next 5 years?
Answer: In terms of region, APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the rail transit passenger vehicles market by type (tram car, subway car, and railway passenger car), application (commercial use and military use), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Rail Transit Passenger Vehicles Market, Rail Transit Passenger Vehicles Market Size, Rail Transit Passenger Vehicles Market Growth, Rail Transit Passenger Vehicles Market Analysis, Rail Transit Passenger Vehicles Market Report, Rail Transit Passenger Vehicles Market Share, Rail Transit Passenger Vehicles Market Trends, Rail Transit Passenger Vehicles Market Forecast, Rail Transit Passenger Vehicles Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
                                                            Table of Contents

            1. Executive Summary

            2. Global Rail Transit Passenger Vehicles Market : Market Dynamics
                        2.1: Introduction, Background, and Classifications
                        2.2: Supply Chain
                        2.3: Industry Drivers and Challenges

            3. Market Trends and Forecast Analysis from 2019 to 2031
                        3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
                        3.2. Global Rail Transit Passenger Vehicles Market Trends (2019-2024) and Forecast (2025-2031)
                        3.3: Global Rail Transit Passenger Vehicles Market by Type
                                    3.3.1: Tram Car
                                    3.3.2: Subway Car
                                    3.3.3: Railway Passenger Car
                        3.4: Global Rail Transit Passenger Vehicles Market by Application
                                    3.4.1: Commercial Use
                                    3.4.2: Military Use

            4. Market Trends and Forecast Analysis by Region from 2019 to 2031
                        4.1: Global Rail Transit Passenger Vehicles Market by Region
                        4.2: North American Rail Transit Passenger Vehicles Market
                                    4.2.1: North American Market by Type: Tram Car, Subway Car, and Railway Passenger Car
                                    4.2.2: North American Market by Application: Commercial Use and Military Use
                        4.3: European Rail Transit Passenger Vehicles Market
                                    4.3.1: European Market by Type: Tram Car, Subway Car, and Railway Passenger Car
                                    4.3.2: European Market by Application: Commercial Use and Military Use
                        4.4: APAC Rail Transit Passenger Vehicles Market
                                    4.4.1: APAC Market by Type: Tram Car, Subway Car, and Railway Passenger Car
                                    4.4.2: APAC Market by Application: Commercial Use and Military Use
                        4.5: ROW Rail Transit Passenger Vehicles Market
                                    4.5.1: ROW Market by Type: Tram Car, Subway Car, and Railway Passenger Car
                                    4.5.2: ROW Market by Application: Commercial Use and Military Use

            5. Competitor Analysis
                        5.1: Product Portfolio Analysis
                        5.2: Operational Integration
                        5.3: Porter’s Five Forces Analysis

            6. Growth Opportunities and Strategic Analysis
                        6.1: Growth Opportunity Analysis
                                    6.1.1: Growth Opportunities for the Global Rail Transit Passenger Vehicles Market by Type
                                    6.1.2: Growth Opportunities for the Global Rail Transit Passenger Vehicles Market by Application
                                    6.1.3: Growth Opportunities for the Global Rail Transit Passenger Vehicles Market by Region
                        6.2: Emerging Trends in the Global Rail Transit Passenger Vehicles Market
                        6.3: Strategic Analysis
                                    6.3.1: New Product Development
                                    6.3.2: Capacity Expansion of the Global Rail Transit Passenger Vehicles Market
                                    6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Rail Transit Passenger Vehicles Market
                                    6.3.4: Certification and Licensing

            7. Company Profiles of Leading Players
                        7.1: Hyundai Rotem
                        7.2: Bombardier Transportation
                        7.3: Siemens Mobility
                        7.4: Hitachi Rail Italy
                        7.5: Kawasaki
                        7.6: Nippon Sharyo
                        7.7: Niigata Transys
                        7.8: Brookville Equipment Corporation
                        7.9: Wabtec
                        7.10: Stadler Rail
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
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Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
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