Dublin, Jan. 04, 2019 (GLOBE NEWSWIRE) -- The "Railcar Leasing Market in North America 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The application of advanced coatings on railcars will drive the railcar leasing market in North America to grow at a CAGR of almost 7% during the forecast period.
The increase in the production rate of refined products of crude oil such as gasoline. Additionally, the need for tank cars to transport these flammable and toxic products is also increasing. However, crude oil manufacturers are mandated to adopt enhanced tank car standards and risk-based retrofitting for old tank cars. Such constraints had led manufacturers to prefer leasing of rail cars over the purchase of new rail cars. The increasing demand for tank cars resulting due to growth in the crude oil production has been one of the key factors to propel the North American railcar leasing market during our forecast period.
Market Overview
Increasing expansion of railway network
The increasing transportation of cargo, oil and other refined products and expansion of seaports are some of the major factors influencing the market growth. These expansions of seaports and increasing foreign trade are increasing the need for more railway networks for faster and economical transfer the goods.
Risks associated with railcar leasing
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 leases. Therefore, the risk associated with the railcar leasing can hinder the growth of the market during our forecast period.
Competitive Landscape
The railcar leasing market in North America is moderately fragmented. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the markets competitive landscape and offering information on the products offered by companies.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY END-USER
- Comparison by end-user
- Petroleum and chemical
- Coal
- Agricultural products
- Others
- Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY PRODUCT
- Comparison by product
- Freight cars
- Tank cars
- Locomotives
- Market opportunity by product
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- US - Market size and forecast 2018-2023
- Rest of North America - Market size and forecast 2018-2023
- Market opportunity
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Application of advanced coatings on railcars
- Integration of intelligent systems in freight cars
- Innovative railcar design
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- American Railcar Industries
- C.K. Industries
- CIT
- GATX
- Trinity Industries
For more information about this report visit https://www.researchandmarkets.com/research/xkdjbq/north_america?w=12
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