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Railcar Leasing Market in North America by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71989
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The railcar leasing market share in North America share is expected to increase by USD 4.39 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.55%.

This railcar leasing market in North America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the railcar leasing market in North America segmentation by product (freight cars, tank cars, and locomotives), end-user (petroleum and chemical, coal, agricultural products, and others), and geography (US and Rest of North America). The railcar leasing market in North America report also offers information on several market vendors, including American Industrial Transport Inc., C.K. Industries Inc., CIT Group Inc., GATX Corp., Mitsui Rail Capital LLC, Sasser Family Holdings Inc., The Greenbrier Companies Inc., Trinity Industries Inc., VTG Aktiengesellschaft, and Wells Fargo and Co. among others.

What will the Railcar Leasing Market Size in North America be During the Forecast Period?

Download the Free Report Sample to Unlock the Railcar Leasing Market Size in North America for the Forecast Period and Other Important Statistics

 

Railcar Leasing Market in North America: Key Drivers, Trends, and Challenges

The increasing demand for tank cars due to growing crude oil production is notably driving the railcar leasing market growth in North America, although factors such as risks associated with railcar leasing may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the railcar leasing industry in North America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Railcar Leasing Market Driver in North America

The increasing demand for tank cars due to growing crude oil production is one of the key drivers supporting the railcar leasing market growth in North America. With the increasing crude oil production, there will be a substantial increase in the production of refined products like gasoline. This rise in the production of flammable products has considerably increased the demand for tanks cars in North America over the past few years. The tank cars carrying the flammable and toxic materials must be manufactured as per the rules and regulations mandated by the Federal Road Administrations. With these constraints, many of the crude oil manufacturers prefer leasing rail cars for crude oil transportation over the purchase of new rail cars. This, in turn, will drive the demand for railcar leasing during the forecast period.

Key Railcar Leasing Market Trend in North America

The application of advanced coatings on railcars is another factor supporting the railcar leasing market growth in North America. The coatings that are used on railcars should be certified by the Food and Drug Administration (FDA) and National Science Foundation (NSF). The tank cars are highly prone to such deteriorations, as they carry crude oil and its various derivatives. These compounds easily react with metal and will cause wear and tear. Also, normal coatings are not possible in tank cars, owing to their cylindrical shape leading to uneven coatings. In such cases, high solid coatings are used to protect the railcars from volatile organic compounds and hazardous air pollutants. Hence, the application of advanced coatings can increase their lifespan, thereby driving the market.

Key Railcar Leasing Market Challenge in North America

The risks associated with railcar leasing is hindering the railcar leasing market growth in North America. The residual value of the railcar reduces proportionally with the number of times the railcar is being leased. The railcars that have been used for a longer duration will have less market value for leasing compared with the new ones launched in the market each year. Furthermore, the tank cars that have been used for the transportation of chemicals, crude oil, and petroleum products will have severe damages, which reduces the value of the railcar, as well as incurs huge losses for the leasers, along with other maintenance costs. Thus, the risks associated with railcar leasing can hinder the growth of the market during the forecast period.

This railcar leasing market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the railcar leasing market in North America as a part of the global railroads market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the railcar leasing market in North America during the forecast period.

Who are the Major Railcar Leasing Market Vendors in North America?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • American Industrial Transport Inc.
  • C.K. Industries Inc.
  • CIT Group Inc.
  • GATX Corp.
  • Mitsui Rail Capital LLC 
  • Sasser Family Holdings Inc.
  • The Greenbrier Companies Inc.
  • Trinity Industries Inc.
  • VTG Aktiengesellschaft
  • Wells Fargo and Co.

 

This statistical study of the railcar leasing market in North America encompasses successful business strategies deployed by the key vendors. The railcar leasing market in North America is fragmented and the vendors are deploying growth strategies such as service and product offerings to compete in the market.

Product Insights and News

  • American Industrial Transport Inc. - The company offers railcar leasing such as tank cars, covered hoppers, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The railcar leasing market in North America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Railcar Leasing Market in North America Value Chain Analysis

Our report provides extensive information on the value chain analysis for the railcar leasing market in North America, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the railroads market includes the following core components:

  • Shippers
  • Rail freight operator
  • Freight forwarder
  • Destination terminal
  • Buyers
  • Support activities

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for Railcar Leasing Market in North America?

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67% of the market’s growth will originate from the US during the forecast period. The US is the key market for the railcar leasing market in North America. Market growth in this region will be faster than the growth of the market in Rest of North America.

The high demand for products such as oil and gas, coal, agricultural products, and metals and mineral will facilitate the railcar leasing market growth in North America in the US over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the regional market witnessed a significant decline in revenue due to the outbreak of COVID-19. The automotive sales dropped, which led to a decline in the demand for aftermarket e-retailing. Vendors were then able to resume their routine operations by adhering to the COVID-19 guidelines. They also mandated social distancing and restricted the entry of non-essential visitors at their facilities. In-person interactions in workplaces were limited, and daily temperature monitoring was mandated at the entry points. Such initiatives will help the vendors to remain operational and allow them to recover slowly during the forecast period. 

What are the Revenue-generating Product Segments in the Railcar Leasing Market in North America?

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The railcar leasing market share growth in North America by the freight car segment will be significant during the forecast period. Freight cars are used for the transportation of goods such as coal products, forest products, metals and minerals, and agricultural products. The manufacturing companies are highly focusing on redesigning the freight cars to increase the capacity of the container, thereby enhancing the efficiency of transportation in a single trip. This has increased the demand for new freight cars by various end-user industries. Also, there is an increase in constant technological upgrades in the market, which, in turn, drives the railcar leasing market in North America during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the railcar leasing market size in North America and actionable market insights on post COVID-19 impact on each segment.

 

Railcar Leasing Market Scope in North America 

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.55%

Market growth 2021-2025

$ 4.39 billion

Market structure

Fragmented

YoY growth (%)

6.28

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

American Industrial Transport Inc., C.K. Industries Inc., CIT Group Inc., GATX Corp., Mitsui Rail Capital LLC , Sasser Family Holdings Inc., The Greenbrier Companies Inc., Trinity Industries Inc., VTG Aktiengesellschaft, and Wells Fargo and Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Railcar Leasing Market in North America Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive railcar leasing market growth 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 industry in North America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of railcar leasing market vendors in North America 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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1. Executive Summary                         

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 01:  Parent market

                              Exhibit 02:  Market characteristics

               2.2 Value chain analysis           

                              Exhibit 03:  Value Chain Analysis: Railroads (Freight)

                              2.2.1 Shippers

                              2.2.2 Rail freight operator

                              2.2.3 Freight forwarder

                              2.2.4 Destination terminal

                              2.2.5 Buyers

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 04:  Offerings of vendors included in the market definition

               3.2 Market segment analysis  

                              Exhibit 05:  Market segments

               3.3 Market size 2020 

               3.4 Market outlook: Forecast for 2020 - 2025 

                              Exhibit 06:  North America - Market size and forecast 2020 - 2025 ($ million)

                              Exhibit 07:  North America market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 08:  Five forces analysis 2020 & 2025

               4.2 Bargaining power of buyers            

                              Exhibit 09:  Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 10: Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 11:  Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 12: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 13: Threat of rivalry

               4.7 Market condition 

                              Exhibit 14:  Market condition - Five forces 2020

5. Market Segmentation by Product              

               5.1 Market segments

                              The segments covered in this chapter are:

  • Freight cars
  • Tank cars
  • Locomotives

                              Exhibit 15:  Product - Market share 2020-2025 (%)

               5.2 Comparison by Product    

                              Exhibit 16:  Comparison by Product

               5.3 Freight cars - Market size and forecast 2020-2025 

                              Exhibit 17:  Freight cars  - Market size and forecast 2020-2025 ($ million)

                              Exhibit 18:  Freight cars  - Year-over-year growth 2020-2025 (%)

               5.4 Tank cars  - Market size and forecast 2020-2025    

                              Exhibit 19:  Tank cars  - Market size and forecast 2020-2025 ($ million)

                              Exhibit 20:  Tank cars  - Year-over-year growth 2020-2025 (%)

               5.5 Locomotives - Market size and forecast 2020-2025              

                              Exhibit 21:  Locomotives - Market size and forecast 2020-2025 ($ million)

                              Exhibit 22:  Locomotives - Year-over-year growth 2020-2025 (%)

               5.6 Market opportunity by Product     

                              Exhibit 23:  Market opportunity by Product

6. Market Segmentation by End-user                            

                              The segments covered in this chapter are:

  • Petroleum and chemical
  • Coal
  • Agricultural products
  • Others

                              Exhibit 24:  End-user - Market share 2020-2025 (%)

               6.2 Comparison by End-user   

                              Exhibit 25:  Comparison by End-user

               6.3 Petroleum and chemical  - Market size and forecast 2020-2025      

                              Exhibit 26:  Petroleum and chemical  - Market size and forecast 2020-2025 ($ million)

                              Exhibit 27:  Petroleum and chemical  - Year-over-year growth 2020-2025 (%)

               6.4 Coal  - Market size and forecast 2020-2025              

                              Exhibit 28:  Coal  - Market size and forecast 2020-2025 ($ million)

                              Exhibit 29:  Coal  - Year-over-year growth 2020-2025 (%)

               6.5 Agricultural products  - Market size and forecast 2020-2025            

                              Exhibit 30:  Agricultural products  - Market size and forecast 2020-2025 ($ million)

                              Exhibit 31:  Agricultural products  - Year-over-year growth 2020-2025 (%)

               6.6 Others - Market size and forecast 2020-2025          

                              Exhibit 32:  Others - Market size and forecast 2020-2025 ($ million)

                              Exhibit 33:  Others - Year-over-year growth 2020-2025 (%)

               6.7 Market opportunity by End-user   

                              Exhibit 34:  Market opportunity by End-user

7. Customer landscape                        

                              Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                              Exhibit 35:  Customer landscape

8. Geographic Landscape                    

               8.1 Geographic segmentation

                              The regions covered in the report are:

  • US
  • Rest of North America

                              Exhibit 36:  Market share by geography 2020-2025 (%)

               8.2 Geographic comparison    

                              Exhibit 37:  Geographic comparison

               8.3 US - Market size and forecast 2020-2025   

                              Exhibit 38:  US - Market size and forecast 2020-2025 ($ million)

                              Exhibit 39:  US - Year-over-year growth 2020-2025 (%)

               8.4 Rest of North America - Market size and forecast 2020-2025           

                              Exhibit 40:  Rest of North America - Market size and forecast 2020-2025 ($ million)

                              Exhibit 41:  Rest of North America - Year-over-year growth 2020-2025 (%)

               8.5 Market opportunity by geography

                              Exhibit 42:  Market opportunity by geography ($ million)

9. Drivers, Challenges, and Trends                  

               9.1 Market drivers      

                              9.1.1 Increasing demand for tank cars due to growing crude oil production

                              9.1.2 Increasing expansion of railway network

                              9.1.3 Efficiency and reliability of rail over road transport

               9.2 Market challenges              

                              9.2.1 Risks associated with railcar leasin

                              9.2.2 Declining demand for coal

                              9.2.3 Stringent regulations for railcars

                              Exhibit 43:  Impact of drivers and challenges

               9.3 Market trends      

                              9.3.1 Application of advanced coatings on railcars

                              9.3.2 Integration of intelligent systems in freight cars

                              9.3.3 Innovative railcar design

10. Vendor Landscape                         

               10.1 Vendor landscape            

                              Exhibit 44:  Vendor landscape

               10.2 Landscape disruption      

                              Exhibit 45:  Landscape disruption

                              Exhibit 46:  Industry risks

               10.3 Competitive Scenario      

11. Vendor Analysis               

               11.1 Vendors covered              

                              Exhibit 47:  Vendors covered

               11.2 Market positioning of vendors    

                              Exhibit 48: Market positioning of vendors

               11.3 American Industrial Transport Inc.            

                              Exhibit 49:  American Industrial Transport Inc. - Overview

                              Exhibit 50:  American Industrial Transport Inc. - Product and service

                              Exhibit 51:  American Industrial Transport Inc. - Key offerings

               14.4: C.K. Industries Inc.

               Exhibit 52:  C.K. Industries Inc. - Overview        

               Exhibit 53:  C.K. Industries Inc. - Product and service   

               Exhibit 54:  C.K. Industries Inc. - Key offerings 

               11.5 CIT Group Inc.    

                              Exhibit 55:  CIT Group Inc. - Overview

                              Exhibit 56:  CIT Group Inc. - Business segments

                              Exhibit 57:  CIT Group Inc. - Key offerings

                              Exhibit 58:  CIT Group Inc. - Segment focus

               11.6 GATX Corp.

                              Exhibit 59:  GATX Corp. - Overview

                              Exhibit 60:  GATX Corp. - Business segments

                              Exhibit 61:  GATX Corp. - Key offerings

                              Exhibit 62:  GATX Corp. - Segment focus

               11.7 Mitsui Rail Capital LLC    

                              Exhibit 63:  Mitsui Rail Capital LLC  - Overview

                              Exhibit 64:  Mitsui Rail Capital LLC  - Product and service

                              Exhibit 65:  Mitsui Rail Capital LLC  - Key offerings

               11.8 Sasser Family Holdings Inc.          

                              Exhibit 66:  Sasser Family Holdings Inc. - Overview

                              Exhibit 67:  Sasser Family Holdings Inc. - Product and service

                              Exhibit 68:  Sasser Family Holdings Inc. - Key offerings

               11.9 The Greenbrier Companies Inc.  

                              Exhibit 69:  The Greenbrier Companies Inc. - Overview

                              Exhibit 70:  The Greenbrier Companies Inc. - Business segments

                              Exhibit 71:  The Greenbrier Companies Inc. – Key news

                              Exhibit 72:  The Greenbrier Companies Inc. - Key offerings

                              Exhibit 73:  The Greenbrier Companies Inc. - Segment focus

               11.10 Trinity Industries Inc.    

                              Exhibit 74:  Trinity Industries Inc. - Overview

                              Exhibit 75:  Trinity Industries Inc. - Business segments

                              Exhibit 76:  Trinity Industries Inc. - Key offerings

                              Exhibit 77:  Trinity Industries Inc. - Segment focus

               11.11 VTG Aktiengesellschaft 

                              Exhibit 78:  VTG Aktiengesellschaft - Overview

                              Exhibit 79:  VTG Aktiengesellschaft - Product and service

                              Exhibit 80:  VTG Aktiengesellschaft - Key offerings

               11.12 Wells Fargo and Co.      

                              Exhibit 81:  Wells Fargo and Co. - Overview

                              Exhibit 82:  Wells Fargo and Co. - Business segments

                              Exhibit 83:  Wells Fargo and Co. - Key offerings

                              Exhibit 84:  Wells Fargo and Co. - Segment focus

12. Appendix                           

               12.1 Scope of the report         

                              12.1.1 Market definition

                              12.1.2 Objectives

                              12.1.3 Notes and caveats

               12.2 Currency conversion rates for US$            

                              Exhibit 85:  Currency conversion rates for US$

               12.3 Research Methodology   

                              Exhibit 86:  Research Methodology

                              Exhibit 87:  Validation techniques employed for market sizing

                              Exhibit 88:  Information sources

               12.4 List of abbreviations        

                              Exhibit 89:  List of abbreviations

                             

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
Technavio

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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The railcar leasing market growth will increase by $4397.91 million during 2020-2025.
The railcar leasing market is expected to grow at a CAGR of 6.55% during 2020-2025.
Technavio has segmented the railcar leasing market by product (Freight cars, Tank cars, and Locomotives) ,end user (Petroleum and chemical, Coal, Agricultural products, and Others) , and geographic (US and Rest of North America).
American Industrial Transport Inc., C.K. Industries Inc., CIT Group Inc., GATX Corp., Mitsui Rail Capital LLC , Sasser Family Holdings Inc., The Greenbrier Companies Inc., Trinity Industries Inc., VTG Aktiengesellschaft, Wells Fargo and Co. are a few of the key vendors in the railcar leasing market.
US will register the highest growth rate of 66.77% among the other regions. Therefore, the railcar leasing market in US is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the railcar leasing market growth are:
  • Increasing demand for tank cars due to growing crude oil production
The railcar leasing market vendors should focus on grabbing business opportunities from the freight cars segment as it accounted for the largest market share in the base year.
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