Railcar Leasing Market in North America 2024-2028

Railcar Leasing Market In North America 2024-2028

The railcar leasing market in North America is forecasted to grow by USD 6.11 bn during 2023-2028, accelerating at a CAGR of 7.42% during the forecast period. The report on the railcar leasing market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for tank cars due to growing crude oil production, increasing expansion of railway network, and cost advantages of railcar leasing.

Technavio's railcar leasing market in North America is segmented as below:

By End-user

• Petroleum and chemical
• Coal
• Agricultural products
• Metals and minerals and others

By Product

• Freight cars
• Tank cars
• Locomotives

This study identifies the application of advanced coatings on railcars as one of the prime reasons driving the railcar leasing market in North America growth during the next few years. Also, integration of intelligent systems in freight cars and innovative railcar design will lead to sizable demand in the market.

The report on the railcar leasing market in North America covers the following areas:

• Railcar leasing market in North America sizing
• Railcar leasing market in North America forecast
• Railcar leasing market in North America industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading railcar leasing market in North America vendors that include American Industrial Transport Inc., Arrendadora Nacional de Carros de Ferrocarril S.A. de C.V., Berkshire Hathaway Inc., Everest Railcar Services Inc., First Citizens Bancshares Inc., GATX Corp., GLNX Corp., Herzog Contracting Corp., HiRail Leasing, MITSUI and CO. LTD., Nucor Corp., PFL Petroleum Services LTD., RESIDCO, RTEX Rail, Sasser Family Companies, Stonebriar Commercial Finance, Sumitomo Mitsui Financial Group., Trinity Industries Inc., Wells Fargo and Co., and VTG GmbH. Also, the railcar leasing market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.