Railcar Intermodals Market to Expand at a Healthy CAGR of 8% through 2030
Railcar lessors (service providers that offer railcars on a rental basis for a specified duration of time as per a contract) provide a range of railcars and numerous associated services, such as repair and maintenance; and tax, insurance, and other financial services; which are managed by various asset management agencies. Railcar lease facilities are used to transport a plethora of goods, including metals and mining, oil & gas products, agri-produce & F&B products, temperature-sensitive goods, and numerous other industrial goods.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections for Sales & Demand of Railcar Leasing, its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies.
The report also offers key trends of Railcar Leasing market and an in-depth analysis of how the projected growth factors will shape the Railcar Leasing market dynamics in the coming years of the forecast period.
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Key Segments Covered
-
Railcar Type
- Hopper Cars
- Boxcars
- Tank Cars
- Flat Cars
- Gondolas
- Intermodal
- Refrigerated Box Cars
- Other Railcars
-
End Use
- Agri-produce, Forestry and F&B Products
- Mining Products
- Petrochemicals & Gases
- Automotive & Components
- Energy Equipment & Products
- Rail Products
- Industrial Goods
- Construction Goods
-
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
We leverage space-age industrial and digitalization tools to provide avant-garde actionable Railcar Leasing Market insights to our clients.
SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player, both at global and regional levels.
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This report gives you access to decisive data such as:
- Demand of Railcar Leasing Market & Growth drivers
- Factors limiting Railcar Leasing market growth
- Current key trends of Railcar Leasing Market
- Market Size of Railcar Leasing and Railcar Leasing Sales projections for the coming years
Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Railcar Leasing Market that are developing the current market scenario and which will be lucrative for the future demand of Railcar Leasing Market.
Crucial insights in Railcar Leasing market research report:
- Underlying macro- and microeconomic factors impacting the Sales of Railcar Leasing market.
- Basic overview of the Railcar Leasing, including market definition, classification, and applications.
- Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
- Adoption trend and supply side analysis of Railcar Leasing across various industries.
- Important regions and countries offering lucrative opportunities to market stakeholders.
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The Demand of Railcar Leasing Market study includes the current market scenario on the global platform and also Sales of Railcar Leasing Market development during the forecast period.
Aforementioned players rely on a blend of organic and inorganic strategies to deepen penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions, and strengthening of regional and global 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.
Similar recent developments related to companies operating in the railcar leasing market have been tracked by the team at Fact.MR, which is available in the full report.
Railway privatization is on the rise, and the use of PPP (Public Private Partnerships) as models in the rail freight industry is being used in full by private companies. Governments across the world now select PPP for their infrastructure development to improve overall speed and efficiency.
For instance, the 2019 Indian finance budget proposed using the PPP model for faster development and completion of tracks, manufacturing of rolling stock, and development of freight services. Such government initiatives will provide a positive impetus to the growth of the railcar leasing market in the long run.
When users lease a railcar, they are legally and financially committed to follow certain regulations laid down by the lessor. Majority of leasing agreements are for long durations of 30 years and above.
Ever-increasing prices of these railcars have compelled consumers to lease them so as to save on maintenance costs associated. Their high prices make railcar leasing a viable option for end consumers in order to meet their transportation needs in the long run. Besides, asset management agencies offer important services such as online tracking, railcar maintenance, financial support, and consultancy services, all catering to the actual need of the consumer.
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