Global passenger car market roughly $39B by 2015
Written by William C. Vantuono, Editor-in-ChiefLucintel, a Dallas-based management consulting and market research firm, announced Wednesday that it has completed a research study showing that the global passenger railcar market grew a compound annual rate of 9.1% during the period 2004-2009 and will see double-digit growth, with sales reaching $39.1 billion by 2015.
The Lucintel report is entitled “Global Passenger Railway Market 2010-2015: Market Size, Share and Growth Forecast.”
Lucintel says Europe will remain the market leader, with AsiaPacific No. 2 and North America lagging.
