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Railroad Car Rental & Leasing - Industry Market Research Report

  • ID: 2629697
  • Report
  • July 2019
  • Region: Global
  • 33 pages
  • IBISWorld
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On track: Economic growth and rising shale oil and gas production are expected to continue driving demand

FEATURED COMPANIES

  • CIT Group Inc.
  • GATX Corporation
  • Trinity Industries Inc.
  • Union Tank Car Company
  • Wells Fargo Rail
  • MORE

Railroad Car Rental & Leasing

Over the five years to 2019, the Railroad Car Rental and Leasing industry has expanded alongside the broader economy. As the economy has grown, industrial, construction and trade activity have improved, bolstering demand for raw materials and commodities. Consequently, rail freight volumes have climbed and demand for railcars has grown. In particular, the boom in US shale oil production overwhelmed the existing oil pipelines, with railroads picking up the slack. As a result, demand for tank cars increased. The combination of rising demand and reduced railcar supplies caused lease rates to increase and industry revenue to expand accordingly. Over the five years to 2024, continued economic growth and increasing shale oil and gas production are expected to continue driving demand for railcar leases. Nevertheless, operators are expected to grapple with more stringent regulations following several oil spills and derailments in recent years.

Companies operating in this industry rent or lease railroad cars to customers who move freight across railroads. Renting or leasing railcars enables downstream customers to avoid incurring the capital costs of purchasing a railcar from a manufacturer.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CIT Group Inc.
  • GATX Corporation
  • Trinity Industries Inc.
  • Union Tank Car Company
  • Wells Fargo Rail
  • MORE
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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  • Trinity Industries Inc.
  • CIT Group Inc.
  • GATX Corporation
  • Union Tank Car Company
  • Wells Fargo Rail
Note: Product cover images may vary from those shown
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