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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. A recently compiled report by Fact.MR reveals that the global market of railcar leasing is projected to reflect a healthy CAGR of 5.6% over the forecast period, 2017-2022.
Considerable Demand in the Food and Beverages Industry
For transporting chemical or petroleum-based commodities to the end users, various industries continue to lease tank cars. However, application of this freight car has diversified to transportation of commodities related to the food and beverages industry. Moreover, a combination of flatcars, gondolas, and boxcars for transporting several commodities including oil, lumber, and coal products. As railcars continue to represent a lucrative opportunity, several oil companies are leasing railcars in order to transport their commodities to other places.
Significant Demand in the Agricultural Industry
Surge in demand for shipping agricultural commodities including coals and grains is expected to impact growth of the global railcar leasing market positively. Growing need for shipping commodities such as grains and coals is expected to rev up demand for the railcars in the agricultural industry.
Shipping Industry to Impact Growth of the Global Market
As shipping freights and transporting commodities comprise a vital part of the construction project, various industries are increasingly leasing railcars in order to save time and increase efficiency during the production and construction process. Moreover, with increasing need for containerization in a cost-effective manner, demand for railcars leasing is expected to increase among several industries.
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Petrochemical & Gases to Represent a Leading Segment
Growing need to carry freight in various industries has led to an upsurge in demand for leasing boxcars. The boxcars segment as compared to other railcar types is expected to witness the highest revenue growth, accounting for a value of over US$ 900 Mn by the end of 2022. The hopper cars segment is expected to represent the second highest revenue growth in the global market by the end of 2022. However, the gondolas segment is expected to register the highest CAGR in the global railcar leasing market throughout 2022.
The petrochemical & gases segment is expected to witness the highest revenue growth, accounting for a value of over US$ 800 Mn by the end of 2017. The agri-produce, forestry, and F&B products segment is expected to represent the second highest revenue growth in the global market by the end of 2017. However, the industrial goods segment is expected to register the highest CAGR in the global railcar leasing market throughout 2022.
Competition Tracking
Leading market players operating in the global railcar leasing market include Beacon Rail Leasing, GATX Corp, Touax Rail, VTG, CIT, American Railcar Industries, Infinity Rail, Progress Rail Services, GLNX Corporation, and Chicago Freight Car Leasing.
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Table of Content:
- Global Rail Car Leasing Market - Executive Summary
- Global Rail Car Leasing Market Overview
2.1. Introduction
2.1.1. Global Rail Car Leasing Market Taxonomy
2.1.2. Global Rail Car Leasing Market Definition
2.2. Global Rail Car Leasing Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Rail Car Leasing Market Y-o-Y Growth
2.3. Global Rail Car Leasing Market Dynamics
2.4. Fleet Size by Type
2.5. Fleet Utilization Rate Benchmark
2.6. Demand Supply Outlook
2.7. Cost Structure Analysis
2.8. Policy and Regulatory Landscape
2.9. Key Participants Market Presence (Intensity Map) By Region - Global Rail Car Leasing Market Analysis and Forecast By Railcar Type
3.1. Global Rail Car Leasing Market Size and Forecast By Railcar Type, 2012-2022
3.1.1. Hopper Cars Rail Car Leasing Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Boxcars Rail Car Leasing Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. Tank Cars Rail Car Leasing Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.1.4. Flat Cars Rail Car Leasing Market Size and Forecast, 2012-2022
3.1.4.1. Revenue (US$ Mn) Comparison, By Region
3.1.4.2. Market Share Comparison, By Region
3.1.4.3. Y-o-Y growth Comparison, By Region
3.1.5. Gondolas Rail Car Leasing Market Size and Forecast, 2012-2022
3.1.5.1. Revenue (US$ Mn) Comparison, By Region
Continued……………..
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