Railcar Leasing Market In Europe size to increase by USD 3.13 Billion between 2024 to 2029, Market Segmentation by Type, End-user, Geography, Technavio
NEW YORK, Jan. 7, 2025 /PRNewswire/ -- The global railcar leasing market in europe size is estimated to grow by USD 3.13 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of over 7.2% during the forecast period. The report provides a comprehensive forecast of key segments below-
Segmentation Overview
- 1.1 Freight cars
- 1.2 Tank wagons
- 1.3 Intermodals
- 2.1 Petroleum and chemical
- 2.2 Coal
- 2.3 Agricultural products
- 2.4 Others
- 3.1 Europe
Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes!
1.1 Fastest growing segment:
The European railcar leasing market in 2023 is primarily driven by the freight cars segment, which accounts for the largest share. Freight cars are used for transporting goods, including coal, logs, and vehicle equipment, with a capacity of up to 100 tonnes. Coal transportation through freight rail makes up 40% of the total loading share. The expansion of manufacturing industries in Eastern Europe will necessitate an increase in freight rail services, particularly for transporting heavy raw materials like steel. Government investment in rail infrastructure development is also expected to boost market growth. Freight car types include sliding wall freight cars, flat cars, and boxcars, with covered hoppers used for cement, frac sand, and coal transport. Manufacturers focus on increasing container capacity to enhance transportation efficiency, driving demand for new freight cars. Advanced GPS tracking technology in freight cars facilitates real-time monitoring, scheduling, and on-time deliveries, further fueling market growth during the forecast period.
Analyst Review
Railcar leasing in Europe is a dynamic market that caters to the rental of railcars on a lease or rental basis. This service is essential for various industries, including freight transportation of goods like coal, agricultural products, petroleum and chemical, and intermodals. Railcar lessors offer a diverse fleet of railcars, including tank wagons, intermodals, and freight cars, available for lease. Service providers in this market offer repair and maintenance, insurance, financial services, and asset management for railcars. These services ensure the optimal performance and longevity of the railcars. The leasing contracts are customizable and can include tax and insurance provisions. Advanced coatings are increasingly being used in railcar manufacturing to improve their durability and efficiency. The rental of railcars can be for trains, goods transport, or as individual cars for specific industries. The rental of railcars is an important aspect of the logistics and transportation sector in Europe, providing cost-effective and efficient solutions for businesses.
Market Overview
Railcar leasing in Europe is a growing market that caters to the rental of railcars on a contractual basis to various industries. Railcar lessors provide railcars for transportation of goods on freight trains, including metals and mining, oil & gas products, temperature-sensitive goods, industrial goods, gondolas, boxcars, hopper cars, and more. Leasing agreements include maintenance costs, insurance, financial services, and asset management. Service providers offer repair and maintenance, tax, and insurance services, as well as railcar lease facilities. Railcar leasing is essential for industries with high rail transport requirements, such as production lines, railway networks, and the freight rail industry. Demurrage costs and private railcars also contribute to the market's growth. Digital enhancements, such as intelligent railcars with integrated sensor technology, location tracking, status monitoring, and online tracking, are increasingly popular. Industries that benefit from railcar leasing include coal, electricity generation, mining products, petrochemicals & gases, automotive & components, energy equipment & products, rail products, construction goods, and diversified food products. Railcar types include tank cars, freight cars, rentals, upkeep, and financial structures. Railcar leasing offers benefits such as cost savings, flexibility, and access to advanced technologies like IoT, digital assistance, loading and unloading, freight car management, arrival notification, and intelligent technologies. Rail transport requirements, railway privatization, and the rail freight industry also influence the market's growth. The Indian finance budget and rolling stock are also relevant to the market. Railcar leasing involves the execution of contracts, movement of railcars, car miles, storage price, tank wagons, intermodals, petroleum and chemical, agricultural products, advanced coatings, and more. Other factors include traction energy, noise, and secure transit. Overall, railcar leasing is a vital component of the European rail transport sector.
To understand more about this market- Download a FREE Sample Report in minutes!
Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/railcar-leasing-market-in-europe-size-to-increase-by-usd-3-13-billion-between-2024-to-2029--market-segmentation-by-type-end-user-geography-technavio-302343206.html
SOURCE Technavio