Lucintel Estimates Global Passenger Railcar Market to Reach $ 39.1 Billion by 201508 Dec 2010 • by Natalie Aster
Dallas - The global passenger railcars market has grown at compound annual growth rate (CAGR) of 9.1% during 2004 to 2009 and the market is expected to witness double digit growth rate with sales of new railcars reaching US$ 39.1 billion by 2015.
Lucintel has analyzed the global passenger rail market and has now published a comprehensive research report entitled "Global Passenger Rail Market 2010 - 2015: Market Size, Share and Growth Forecast".
The study finds that environmental concerns, growing economies, noise and congestion by personal vehicles will drive passenger rail market in the future. As Asia has the largest passenger rail network and their economies are reforming faster than the other economies 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.
Published: November 2009
Price: USD 5,500
Europe will remain leader in the overall region and Asia pacific will be second largest and North America is likely to lag behind because of the growing popularity of personal cars there. China will become the largest high speed train market in 2010-15.
Lucintel’s research report analyzes in detail the key drivers and challenges shaping the global passenger rail marketplace. The report looks at market size, market share, regional analysis, trends & forecasts for passenger rail market (2010-2015), industry leaders and market share analysis, growth opportunities in passenger rail market to offer insights into current and future opportunities.
More information can be found in the report “Global Passenger Rail Market 2010 - 2015: Market Size, Share and Growth Forecast” by Lucintel.
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