Railcar Leasing Market: Box Cars to Represent a Leading Segment

Posted on 2019-06-06 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-May-16 — /EPR Network/ — 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 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.

Growth of the global railcar leasing market is bound to increasing number of construction projects and production process in several industries. Demand for construction related commodities is likely to remain high during the implementation process of the construction project. Without the available construction commodities, progress of the construction project is likely to remain at halt.

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Without assortment of raw materials, majority of the construction projects are put at a halt mode. Growing need to carry diverse array of raw materials for production and construction projects in various industries has revved up demand for railcars significantly. Delivering construction materials to the customers at the right time adds to the efficiency during the implementation of the project. Moreover, as distances for procurement of construction materials could be longer, industries bear with additional cost of procurement. Bound to such factors, demand for railcars is expected to rev up in the several industries including shipping, construction, agriculture, mining, automotive, and construction goods.

Considering the broad scope of global railcar leasing market, the report includes a segment-wise analysis and forecast. The global railcar leasing market is segmented into – railcar type, end use, and region. Through this section, the report offers an in-depth country-wise forecast on every parameter associated with railcar leasing.

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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.

Box Cars to Represent a Leading Segment

With surge in demand for cost-effective mode of shipping, various industries will continue to lease box cars for delivering commodities. Box cars will remain the most selling railcar type as compared to hopper boxes globally. Currently, the box car railcar type segment is projected to represent more than US$ 900 Mn in the global market of railcar leasing by 2022-end. However, gondolas as compared to other railcars is projected to reflect a relatively high CAGR in the global market through 2022.

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 petroleum & gas product end use type segment is projected to represent more than US$ 800 Mn in the global market of railcar leasing by 2017-end.

Competition Tracking

Major players in the global market of railcar leasing are GATX Corp, Beacon Rail Leasing, VTG, Touax Rail, American Railcar Industries, CIT, Progress Rail Services, Infinity Rail, Chicago Freight Car Leasing, and GLNX Corporation.

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