Railcar Leasing Market Soars as Freight Demand Fuels Industry Growth

The main factor boosting the demand for railcar leasing has been the introduction of sensor-integrated railcars with access to a variety of sophisticated tracking and real-time monitoring services. Important railcar lessors are incorporating these services into bundle service offerings. In recent years, the majority of railroad carriages have been leased in Asia Pacific. This is a result of expanding urbanisation and industrial goods transportation inside the developing Asia Pacific economy. Leasing railcars and railroads both play a significant part in the delivery of commodities.

Additionally, increasing cargo volume and size has increased the demand for rail freight transportation, and more especially, railcar leasing. Through integrated sensors and tracking platforms set up for the purpose, this not only enables the safe transportation of kilogrammes of volume, but it also offers a reliable method of tracking real-time data of the rented railcars.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 -https://www.factmr.com/connectus/sample?flag=S&rep_id=264

𝗞𝗲𝘆 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱

By Railcar Type:
Hopper Cars
Boxcars
Tank Cars
Flat Cars
Gondolas
Intermodal
Refrigerated Box Cars
Other Railcars

By End Use:
Agri-produce, Forestry and F&B Products
Mining Products
Petrochemicals & Gases
Automotive & Components
Energy Equipment & Products
Rail Products
Industrial Goods
Construction Goods

By Region:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 -https://www.factmr.com/connectus/sample?flag=RC&rep_id=264

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗦𝘁𝘂𝗱𝘆

The railcar leasing market is anticipated to add 2.4X value in 2030 as compared to 2020.
Boxcars capture a major share, equivalent to the one-fourth of the global railcar leasing market, and are set to create US$ 6.4 Bn opportunity over the next ten years
Among the end-use markets, automotive & components movement has been the fastest-growing segment, owing to rise in the automotive industry in the past decade; it is expected to remain the highest-growing segment in the end-use category.
Asia Pacific is set to dominate market revenue in 2021, and is expected to gain 497 BPS in its market share by 2030 over 2020.
The industrial goods segment is anticipated to gain around 212 BPS over the forecast period of 2020-2030.
The petrochemicals & gas end-use segment is anticipated to lose around 331 BPS by 2030.
The market in the U.S. is projected to expand at a CAGR of over 9%, while that in China and India at around 12% and 13%, respectively, through 2030.
Due to the COVID-19 crisis, demand for railcar leasing was hit in 2020, which saw growth at -1.7%. The year 2021 is expected to witness growth of over 5%.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

For greater market penetration, the aforementioned businesses employ a mix of organic and inorganic techniques. These tactics include the introduction of new products, joint ventures with significant players, partnerships, acquisitions, and the development of national and international distribution networks.

For instance, GATX, in 2020, announced the acquisition of Trifleet Holdings. This will give it access to 18,000 railcar containers worldwide, leased to customers in the gas, food, cryogenic, and pharmaceutical sectors. Further, GATX has also spent in expanding its maintenance facilities in Ware County, in 2018, which is planned to be completed in two phases.
VTG, in 2020, partnered with Nexxiot to utilize its temperature sensors in its wagons, and provide real-time monitoring of its high-value temperature-sensitive goods. Moreover, VTG acquired the operations of Slovakia's Carbo rail in 2020, by obtaining a majority stake in the company, which was aimed towards improving its operational capability in the European market

𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗣𝗿𝗼𝗳𝗶𝗹𝗲𝗱

VTG
GATX
CIT Group
Chicago Freight Car Leasing Co
ULTX
TOUAX Group
Trinity Industries, Inc.
Wells Fargo Rail
Beacon Rail Leasing
SMBC Rail Services

𝗙𝗼𝗿 𝗶𝗻-𝗱𝗲𝗽𝘁𝗵 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝗕𝘂𝘆 𝗡𝗼𝘄 -https://www.factmr.com/checkout/264

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This release was published on openPR.