Locomotive Leasing Market to Witness 8% CAGR Expansion, Projected to Hit US$ 17.25 Billion by 2030

Market Overview:

Locomotive leasing involves renting of locomotives by the owners to various rail operators for freight and passenger transportation purposes. Locomotives help transport a variety of goods and bulk commodities over long distances in a cost effective manner.

Market Dynamics:

The growth of the locomotive leasing market is driven by rising rail freight transportation and aging locomotive fleets requiring replacement. Rail freight transportation is witnessing significant growth globally due to cost advantages and increasing international trade. Additionally, many locomotive fleets operated by rail operators are aging and require replacement to reduce maintenance costs and meet stringent emission standards. Leasing new technologically advanced locomotives is proving to be a cost effective alternative to procurement. Furthermore, growing investments by governments in rail infrastructure development projects are also boosting demand for leased locomotives.

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Top Companies Covered In This Report:

GATX Corporation, Progress Rail (A Caterpillar Company), TrinityRail, Mitsui Rail Capital LLC, Angel Trains, Beacon Rail Leasing, Railpool, Eversholt Rail Group, Macquarie Group, SMBC Rail Services, VTG Rail Leasing, Mitsui & Co., Ltd., Touax Rail Ltd., CIT Group Inc., The Andersons Rail Group

Locomotive Leasing Market Opportunity: Expanding Freight Transportation Needs

Freight transportation witnessed steady growth in past decades driven by increase in global trade. There is projected growth in freight transport volumes across many countries and regions like India, Asia Pacific and parts of Africa driven by continued industrialization. Movement of bulk commodities and containers over long distances relies heavily on rail freight. With highway networks becoming saturated in major economies, there is a growing emphasis on shifting more freight traffic to energy efficient rail mode. This expanding freight transportation needs open attractive growth opportunities for locomotive leasing companies. Demand is expected to rise for specialized heavy haul locomotives and dedicated freight locomotives to haul parcel trains and bulk commodity trains. Leasing companies can tap into this opportunity by expanding their fleets of latest freight locomotives.

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Locomotive Leasing Market Driver: Growing Transportation and Infrastructure Development Projects Across Many Countries

The need for transportation infrastructure is rapidly growing across developing and developed countries to support economic development and population growth. Many countries are undertaking massive development of rail networks both for passenger and freight transportation. Countries like China, India, Brazil, Indonesia and several African nations have embarked on ambitious plans to expand existing rail lines and develop new high speed railway networks connecting major cities. This increase in rail infrastructure construction requires large fleets of locomotives which are commonly leased by railway operators from locomotive leasing companies. Leasing allows railway operators to avail the equipment without large upfront capital expenditure and focuses more on operational expenditure. Locomotive leasing companies play a key role in meeting this growing demand by leasing rolling stock on long term contracts.

Locomotive Leasing Market Driver: Increasing Use of Public-Private Partnerships in Rail Infrastructure Projects

To accelerate rail infrastructure development, many countries are increasingly using public-private partnerships where private sector participates in funding, building and operations of rail projects. Under such models, private partners are awarded long term concessions/contracts typically ranging from 25-30 years. This ensures a steady revenue stream to recover their investments. Leasing models have become popular under such public-private partnership rail projects. Private partners lease locomotives for their portion of the rail network from specialized leasing companies. This eliminates risks related to equipment ownership for private partners and ensures availability of latest technology locomotives. The growing adoption of public-private partnership models is expected to further drive the demand for leasing services from locomotive leasing market players.

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The report answers a number of crucial questions, including:

Which companies dominate the global Locomotive leasing market?
What current trends will influence the market over the next few years?
What are the market's opportunities, obstacles, and driving forces?
What predictions for the future can help with strategic decision-making?
What advantages does market research offer businesses?
Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
What is the anticipated growth rate for the Locomotive leasing market economy globally?

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