Railcar Leasing Market Industry Risk & Reward, Key Industry Trends and Drivers, Industry SWOT Analysis, 2022
The global railcar leasing market is expected to witness a healthy growth attributed to growing demand in the agriculture, petroleum and gas, and shipping industry. Growing need for efficient mode of delivering commodities in a cost-effective manner is expected to fuel demand for railcar leasing globally. This Fact.MR report discusses key prospects for growth of global railcar leasing market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
The scope of the report is to analyze the global railcar leasing market for the period 2017-2022 and give readers an accurate, unbiased analysis. Railcar leasing manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
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The report begins with a concise summary of the global railcar leasing market. This executive summary sets the tone for the rest of the report, giving users the scope of the report. The executive summary includes important facts and statistics on the global railcar leasings market.
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.
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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.
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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