Global Railcars Leasing Market Assessment and Revenue Gains of Key Players Forecasted during 2017-2022

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 FactMR reveals that the global market of railcar leasing is projected to reflect a healthy CAGR of 5.6% over the forecast period, 2017-2022.

Factors Fuelling Growth of the Global Market

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. Delay due to unavailability of the construction commodities will add to the expenses of the construction project. Several industries are increasingly leasing railcars attributed to increasing demand for shipping commodities in a comparatively fast and cost-effective manner. Demand for railcars is mainly concentrated in the petroleum & gas industry, food and beverages industry, shipping industry, and agricultural industry.

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In addition to significant demand for railcars such as tank cars in the petroleum & gas industry, increasing demand for fast delivery of commodities in the shipping industry will continue to impact global market growth of railcar leasing. With growing need for shipment of commodities and freights, leasing of railcars is projected to rev up during the implementation of construction projects. As several commodities need to be shipped in a protective and cost-effective manner, industries prefer leasing commodity specific railcars. Further, increasing demand for containerization is likely to contribute towards growth of the global market of railcar leasing significantly.

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.

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.

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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.

Table of Contents:

1. Global Rail Car Leasing Market – Executive Summary

2. Global Rail Car Leasing Market Overview

3. Global Rail Car Leasing Market Analysis and Forecast By Railcar Type

4. Global Rail Car Leasing Market Analysis and Forecast By End Use Markets
4.1. Global Rail Car Leasing Market Size and Forecast By End Use Markets, 2012-2022
4.1.1. Agri-Produce, Forestry and F&B Products Rail Car Leasing Market Size and Forecast, 2012-2022
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Mining Products Rail Car Leasing Market Size and Forecast, 2012-2022
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region

5. Global Rail Car Leasing Market Analysis and Forecast By Region
5.1. Global Rail Car Leasing Market Size and Forecast, 2012-2022
5.1.1. North America Rail Car Leasing Market Size and Forecast, 2012-2022
5.1.1.1. Revenue (US$ Mn) Comparison, By Railcar Type
5.1.1.2. Revenue (US$ Mn) Comparison, By End Use Markets

Continued……..

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This release was published on openPR.