Railcar Leasing Market Likely to Witness Significant Demand for Shipping Commodities in the Petroleum & Gas Industry
June 20, 2019 by Steve Blade
As technology and innovation are transforming the definition of transportation, the patterns of commerce and trade have changed on the similar lines with this transformation. With emergence of technology, commuting has become comparatively reliant, efficient, faster, and cheaper. Several industries are leasing trucks, container ships, and railcars for transportation of production materials.
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.
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Table of Content
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
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Considering the broad scope of global railcar leasing market, the report includes a segment-wise analysis and forecast. The global railcar leasing market is segmented into – railcar type, end use, and region. Through this section, the report offers an in-depth country-wise forecast on every parameter associated with railcar leasing.
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.
Leading market players operating in the global railcar leasing market include Beacon Rail Leasing, GATX Corp, Touax Rail, VTG, CIT, American Railcar Industries, Infinity Rail, Progress Rail Services, GLNX Corporation, and Chicago Freight Car Leasing.
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