The global market for Railcar Leasing is expected to reach about 12,370 Million USD by 2025 from 8,970 Million USD in 2017, registering a Compounded Annual Growth Rate (CAGR) of 4.10% during the analysis period, 2017-2025. Growing need for delivering commodities in a cost-effective manner in various industries is projected to fuel demand for railcars globally. In addition, surge in the number of construction projects is projected to impact growth of the global market positively.
The industry is relatively concentration, the key brand include Wells Fargo, GATX, Union Tank Car, CIT, VTG, Trinity, Ermewa, SMBC (ARI), BRUNSWICK Rail, Mitsui Rail Capital, Andersons, Touax Group, Chicago Freight Car Leasing, The Greenbrier Companies and so on.
Railcars are likely to witness significant demand for shipping commodities in the petroleum & gas industry. Petroleum & gas industry will continue to represent significant revenue contribution as compared to agri-produce, forestry, and F&B products.
The increasing demand for covered hoppers due to the rise in the transportation of cement, coal, and frac sand will fuel the growth of freight cars in the market. The transportation of goods in rail freight cars primarily include bulk goods such as coal, forest products, metals and minerals, and agricultural produce. The vendors in the market are investing in redesigning freight cars to increase capacity, so as to transport high volumes of goods in a single trip, thus increasing the efficiency of each container.
The extensive use of tank cars for the transportation of oil, petroleum, and natural gas products such as crude oil, natural gas, and flammable liquids will fuel the growth of this market segment. The different types of tank cars available in the market are general service tank cars/low-pressure tank cars, high-pressure tank cars, and special/cryogenic tank cars. The vendors are offering full-service lease that covers costs related to changes, modifications, and maintenance of equipment to attract more consumers and increase their profitability.
The demand for tank cars is expected to further rise with the increasing number of shippers transporting flammable liquids and gases. Since these products need to be transported in a safe and secure manner, many rules and regulations are enforced on the vendors. In addition, all tank cars require braking standards that offer better safety and reduce chances of accidents.
The growth in consumption and production of primary and secondary energy in Europe will drive the market for the oil and gas industry. Development in the oil and gas industry will drive the growth of the railcar leasing market in Europe. The European rail freight transportation market accounts for 15% of the freight market in Europe. The main countries where rail freight is flourishing are Germany, Poland, and France.
The growing awareness of green technologies and practices is leading to the implementation of environment-friendly technologies and efficient operating practices. The positive reception to the new technologies is pushing more vendors to adopt these technologies and practices.
Rail freight manufacturers are investing towards the development and implementation of new technologies in their fleets to make them more environment-friendly. This includes the construction of newer and more efficient railcars and installation of idling reduction technologies in locomotives, which adds a significant amount of revenue to the market.
The Global Railcar Leasing Market Research Report 2018 report released by Global QYResearch provides a basic overview of the Railcar Leasing industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Railcar Leasing industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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