PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1512148
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1512148
Railcar Leasing Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Market Overview
In 2024, the railcar leasing industry will generate a projected revenue of USD 12.2 billion, and it is projected to experience a CAGR of 5.3% over the projection period, to attain USD 16.7 billion by the end of the decade. This industry development is propelled by the increasing need for goods transport throughout the world and the skyrocketing logistics charges.
Siloed operations can revolutionize the global railcar leasing industry by seeking help from the supply chain. The present-day railcars can be tracked and controlled; they are capable of gathering data along the distance in the process of the journey with the help of the sensors placed on the railcar, telematics systems, and communication means.
Smart railroad cars produce plenty of information about maintenance, operation, and performance characteristics. The usage of analytics and artificial intelligence is also widely implemented by leasing companies in railcars to harness information from these sources.
Thus, they can analyze behaviors and patterns, develop appropriate maintenance schedules, as well as estimate the dysfunction or failure of parts and components, thus increasing organizational performance productivity and minimizing expenses.
As it stands, railcars are widely used for bulk transportation of liquid petroleum Gas, Compressed Natural Gas, gasoline, and diesel. Thus, this mode of transport has several advantages that include reliability, speed, and cost. When compared with other modes, the environmental impact analysis of rail transport is more favorable because it greatly decreases the number of trucks needed to transport the products.
Key Insights
In 2024, the covered hopper category leads the industry with 45% revenue, because of its watertight design perfect for moving dry bulk loads such as sand, grains, cement, and clay over long distances without climate interference.
Tank cars are projected to have the highest CAGR of 5.6% during the projection period, propelled by the increasing need to transport bulk liquids and gases, like chemicals, liquified gases, and petroleum, vital for the chemical and energy industries.
In 2024, the full-service category grips the largest industry share of 55% and is estimated to experience the highest CAGR over the projection period. In this model, lessor businesses handle all maintenance and repair requirements, leasing wagons at a monthly fee per unit.
In 2024, the oil and gas category lead the industry with 30% revenue, and it is projected to experience the highest CAGR, of 6.0%, over the projection period.
This is because of the increasing need for chemicals and petroleum items throughout the world.
The major companies in this market are seeking lucrative and dependable transport solutions for their products.
In 2024, the North American region has attained the largest industry share, of 40%.
This is mainly because the U.S. is investing heavily in the improvement and enlargement of its rail infrastructure.
Approximately 1.6 million railcars operate in the U.S. Roughly two-thirds of them are kept by leasing companies, with railroads and individual shippers owning the other third.
APAC is the fastest-rising industry, with a CAGR of 5.7% over the projection period. In the region, India is demonstrating drastic development in this industry because of the enlargement of cities and industrial production.
This has encouraged the government to advance its railway infrastructure to move both passengers and freight in advanced volumes, faster and with lower emissions.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by railcar type
- 1.4.2. Market size breakdown, by lease type
- 1.4.3. Market size breakdown, by end use
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Railcar Type (2019-2030)
- 6.3. Market Revenue, by Lease Type (2019-2030)
- 6.4. Market Revenue, by End Use (2019-2030)
- 6.5. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Railcar Type (2019-2030)
- 7.3. Market Revenue, by Lease Type (2019-2030)
- 7.4. Market Revenue, by End Use (2019-2030)
- 7.5. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Railcar Type (2019-2030)
- 8.3. Market Revenue, by Lease Type (2019-2030)
- 8.4. Market Revenue, by End Use (2019-2030)
- 8.5. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Railcar Type (2019-2030)
- 9.3. Market Revenue, by Lease Type (2019-2030)
- 9.4. Market Revenue, by End Use (2019-2030)
- 9.5. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Railcar Type (2019-2030)
- 10.3. Market Revenue, by Lease Type (2019-2030)
- 10.4. Market Revenue, by End Use (2019-2030)
- 10.5. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Railcar Type (2019-2030)
- 11.3. Market Revenue, by Lease Type (2019-2030)
- 11.4. Market Revenue, by End Use (2019-2030)
- 11.5. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Railcar Type (2019-2030)
- 12.3. Market Revenue, by Lease Type (2019-2030)
- 12.4. Market Revenue, by End Use (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Railcar Type (2019-2030)
- 13.3. Market Revenue, by Lease Type (2019-2030)
- 13.4. Market Revenue, by End Use (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Railcar Type (2019-2030)
- 14.3. Market Revenue, by Lease Type (2019-2030)
- 14.4. Market Revenue, by End Use (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Railcar Type (2019-2030)
- 15.3. Market Revenue, by Lease Type (2019-2030)
- 15.4. Market Revenue, by End Use (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Railcar Type (2019-2030)
- 16.3. Market Revenue, by Lease Type (2019-2030)
- 16.4. Market Revenue, by End Use (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Railcar Type (2019-2030)
- 17.3. Market Revenue, by Lease Type (2019-2030)
- 17.4. Market Revenue, by End Use (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Railcar Type (2019-2030)
- 18.3. Market Revenue, by Lease Type (2019-2030)
- 18.4. Market Revenue, by End Use (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Railcar Type (2019-2030)
- 19.3. Market Revenue, by Lease Type (2019-2030)
- 19.4. Market Revenue, by End Use (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Railcar Type (2019-2030)
- 20.3. Market Revenue, by Lease Type (2019-2030)
- 20.4. Market Revenue, by End Use (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Railcar Type (2019-2030)
- 21.3. Market Revenue, by Lease Type (2019-2030)
- 21.4. Market Revenue, by End Use (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Railcar Type (2019-2030)
- 22.3. Market Revenue, by Lease Type (2019-2030)
- 22.4. Market Revenue, by End Use (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Railcar Type (2019-2030)
- 23.3. Market Revenue, by Lease Type (2019-2030)
- 23.4. Market Revenue, by End Use (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Railcar Type (2019-2030)
- 24.3. Market Revenue, by Lease Type (2019-2030)
- 24.4. Market Revenue, by End Use (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Railcar Type (2019-2030)
- 25.3. Market Revenue, by Lease Type (2019-2030)
- 25.4. Market Revenue, by End Use (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Railcar Type (2019-2030)
- 26.3. Market Revenue, by Lease Type (2019-2030)
- 26.4. Market Revenue, by End Use (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Railcar Type (2019-2030)
- 27.3. Market Revenue, by Lease Type (2019-2030)
- 27.4. Market Revenue, by End Use (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Railcar Type (2019-2030)
- 28.3. Market Revenue, by Lease Type (2019-2030)
- 28.4. Market Revenue, by End Use (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. VTG GmbH
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. American Industrial Transport Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. GATX Corporation
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. CIT Group Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Chicago Freight Car Leasing Co.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Touax Group
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Wells Fargo Rail
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Freightliner Group
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. BEACON RAIL LUX HOLDINGS S.A.R.L.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. SMBC Rail Services LLC
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Mitsui Rail Capital
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. The Greenbrier Companies
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
- 30.13. Angel Trains Ltd.
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.13.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
