Railcar Leasing Market in North America 2017-2021

  • ID: 4143956
  • Report
  • Region: America, North America, United States
  • 70 pages
  • TechNavio
OFF
until May 31st 2018
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FEATURED COMPANIES

  • CIT
  • Compass Capital
  • GATX
  • Greenbrier Leasing
  • Herzog Railroad Services
  • Kasgro Rail
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

About Railcar Leasing

The railcar leasing market is involved in the leasing of railcars to shippers, and rail freight operators. The contract term varies from 2 to 20 years. The contract is made under a given lease rate that provides the lessors with the expected amount of returns over the duration. The majority of railcars are private cars owned by the railcar leasing companies that are leased to the rail freight operators and shippers. Railcar leasing companies enter a lease contract with the lessees (shippers and freight operators), which can be for a duration of 2-5 years or even for 20 years. The contract is made under a given lease rate, which provides the lessors with the expected amount of returns over the duration.

The analysts forecast the railcar leasing market in North America to grow at a CAGR of 9.01% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the railcar leasing market in North America for 2017-2021. To calculate the market size, the report presents the vendor landscape and a corresponding detailed profiling of the key market participants across the value chain of the railcar leasing market in North America, which includes vendors across the region.

The report, Railcar Leasing Market in North America 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- GATX
- Trinity Industries
- CIT
- American Railcar Industries

Other prominent vendors
- C.K. Industries
- Chicago Freight Car Leasing
- Compass Capital
- Connell Finance Company
- Wells Fargo Rail
- GLNX
- Greenbrier Leasing
- Helm Financial
- Herzog Railroad Services
- Infinity Rail
- Kasgro Rail
- Mitsui Rail Capital
- The Andersons
- VTG Rail

Market drivers
- Increased demand for tank cars due to growing crude oil production.
- For a full, detailed list, view the full report

Market challenges
- Shortage of railcars in North America.
- For a full, detailed list, view the full report

Market trends
- Applications of advanced coatings on railcars.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the Key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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FEATURED COMPANIES

  • CIT
  • Compass Capital
  • GATX
  • Greenbrier Leasing
  • Herzog Railroad Services
  • Kasgro Rail
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Railcar leasing market in North America
  • Railcar leasing market in North America by end-user
  • Five forces analysis
PART 06: Market segmentation
  • Railcar leasing market in North America by mode of transportation
  • Railcar leasing market by freight cars
  • Railcar leasing market in North America by tank cars
  • Railcar leasing market in North America by locomotives
PART 07: Decision framework

PART 08: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 09: Market trends

PART 10: Vendor landscape
  • Competitive scenario
  • GATX
  • Trinity Industries
  • CIT
  • American Railcar Industries
  • Other prominent vendors
PART 11: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Railcar leasing market in North America 2016-2021 ($ billions)
Exhibit 02: Commodities transported by railcars
Exhibit 03: Railcar leasing market in North America by end-user 2016 (% volume)
Exhibit 04: Five forces analysis
Exhibit 05: Railcar leasing market share in North America by mode of transportation 2016-2021 (% revenue)
Exhibit 06: Railcar leasing market by freight cars 2016-2021 ($ billions)
Exhibit 07: Railcar leasing market by types of freight cars 2016 (% volume)
Exhibit 08: Railcar leasing market in North America by tank cars 2016-2021 ($ billions)
Exhibit 09: Railcar leasing market in North America by type of tank cars 2016 (% volume)
Exhibit 10: Railcar leasing market in North America by locomotives 2016-2021 ($ billions)
Exhibit 11: Impact of drivers
Exhibit 12: Impact of challenges
Exhibit 13: Key performing indicators of vendors
Exhibit 14: GATX: Business segment 2015 (% revenue)
Exhibit 15: Investment portfolio 2015 (% revenue)
Exhibit 16: Trinity Industries: Business segment 2015 (% revenue)
Exhibit 17: American Railcar Industries: Business segment by revenue 2015 (%)
Exhibit 18: Other prominent vendors
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FEATURED COMPANIES

  • CIT
  • Compass Capital
  • GATX
  • Greenbrier Leasing
  • Herzog Railroad Services
  • Kasgro Rail
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: – Railcar Leasing Market in North America 2017-2021

The author of the report recognizes the following companies as the key players in the railcar leasing market in North America: GATX, Trinity Industries, CIT, and American Railcar Industries.

Other Prominent Vendors in the market are: C.K. Industries, Chicago Freight Car Leasing, Compass Capital, Connell Finance Company, Wells Fargo Rail, GLNX, Greenbrier Leasing, Helm Financial, Herzog Railroad Services, Infinity Rail, Kasgro Rail, Mitsui Rail Capital, The Andersons, and VTG Rail.

Commenting on the report, an analyst from the research team said: “One trend in market is application of advanced coatings on railcars. Railcars are prone to wear and tear due to its extensive use. They are susceptible to weather changes and capable of reacting with the contents. Solid coatings such as epoxy coatings, sulfuric acid, and phenolic acid are used to eliminate any damage or reaction of railcars. Coatings applied to the walls of various railcars are chemically inert in nature and are certified by the Food and Drug Administration (FDA) and National Science Foundation (NSF). Tank cars are highly susceptible to the reactions and damage as they carry flammable liquids and hazardous gases. The cylindrical shape of tank cars makes it difficult to get the desired film to be applied on the top of tank cars, which results in an uneven coating. However, this issue can be resolved using high solid coatings. Higher solid coatings reduce the production of by-products such as volatile organic compound and hazardous air pollutant.”

According to the report, one driver in market is increased demand for tank cars due to growing crude oil production. Tank cars are the most leased type of railcars in North America. The demand for tank cars during the forecast period will increase due to more number of shippers transporting flammable liquids and gases. In 2016, the crude oil production in the US was estimated to be 8.81 million barrels per day, and crude oil production in Canada was estimated to be 3.85 million barrels per day. The growth in crude oil production will result in the demand for rail freight transportation, which will drive the market for railcars in North America. In 2016, there were approximately 42,000 tank cars in North America. Of this, over 70% of the tank cars are owned by lessors.

Further, the report states that one challenge in market is shortage of railcars in North America. The average age of freight cars varies between 18-25 years. Since 2000, the number of freight cars in North American rail fleet has declined by 40%. In 2006, the number of freight cars available in the fleet was estimated to be 127,000, whereas the number of freight cars available dropped to 100,600 in 2016. The number of freight cars eliminated was 26,400. However, only 14,000 cars were replaced over the years. Procuring a single railcar can cost up to $135,000-$150,000. High rates of procurement will result in high leasing rates. Railcar lease rates cost between $500-$800. However, with increasing procurement costs of railcars, the lease rates will also tend to increase from $800 to $1700. Increased lease rates will result in operators refraining from leasing railcars, which could pose a major threat to the railcar leasing market.

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 a SWOT analysis of the key vendors.
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1h Free Analyst Time

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  • GATX
  • Trinity Industries
  • CIT
  • American Railcar Industries
  • CK Industries
  • Chicago Freight Car Leasing
  • Compass Capital
  • Connell Finance Company
  • Wells Fargo Rail
  • GLNX
  • Greenbrier Leasing
  • Helm Financial
  • Herzog Railroad Services
  • Infinity Rail
  • Kasgro Rail
  • Mitsui Rail Capital
  • The Andersons
  • VTG Rail
Note: Product cover images may vary from those shown
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