Railcar Leasing Market in North America 2019-2023

  • Published: Dec 2018
  • Pages: 135
  • SKU: IRTNTR30371
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The railcar leasing market size in North America will grow by USD 4.44 billion during 2019-2023. This industry research report provides a detailed analysis of the market based on end-users (petroleum and chemical, coal, agricultural products and others), product (freight cars, tank cars and locomotives) and geography (The US and Rest of North America). The report analyzes the market’s competitive landscape and offers information on several railcar leasing companies in North America including American Railcar Industries, C.K. Industries, CIT, GATX and Trinity Industries.

Below are some of the key findings from this railcar leasing market in North America analysis report

 

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Railcar leasing market in North America overview

The high demand for tank cars due to growing crude oil production is driving the railcar leasing market in North America. The tank cars are one of the major segments of railcars and are mainly used for the transportation of crude oil and gasoline products in North America. However, the manufacturing of tank cars comes with a lot of constraints because it needs to be manufactured as per the rules and regulations mandated by the Federal Road Administrations since tank cars carry the flammable and toxic materials. The mandate regulations include enhanced tank car standards and risk-based retrofitting for old tank cars, which increases the manufacturing cost and causes the consumers to shell out more money. To overcome these constraints, many of the crude oil manufacturers prefer leasing of railcars for oil transportation over the purchase of new railcars, which in turn, drives the railcar leasing market growth in North America at a CAGR of close to 7% during the forecast period.

Top railcar leasing companies in North America covered in this report

The railcar leasing market in North America is highly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this railcar leasing market in North America analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a detailed analysis of several leading railcar leasing companies in North America including:

  • American Railcar Industries
  • C.K. Industries
  • CIT
  • GATX
  • Trinity Industries

 Railcar leasing market in North America segmentation based on product

  • Freight cars
  • Tank cars
  • Locomotives

Freight cars were the dominating product of the railcar leasing market in North America in 2018. The market share of this segment will continue to dominate the market throughout the next five years.

Railcar leasing market in North America segmentation based on region

  • The US
  • Rest of North America

The US accounted for the largest railcar leasing market share in North America in 2018. This region will witness an increase in its market share and remain the market leader for the next five years.

Key highlights of the railcar leasing market in North America for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the railcar leasing market in North America during the next five years
  • Precise estimation of the railcar leasing market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the railcar leasing market in North America across The US and Rest of North America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on factors that will challenge the growth of railcar leasing companies in North America

 

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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