Pune, Maharashtra -- (SBWIRE) -- 09/14/2017 -- Railcar Leasing market latest trend gaining momentum in the market is Increasing demand for railcar. The demand for railcars across the world has been increasing over past few years. The rising crude oil consumption and production are the major drivers for the growth of the demand for railcars. The global order for all types of railcars increased by 60% in 2014.

The analysts forecast global Railcar Leasing Market to grow at a CAGR of 6.99% during the period 2017-2021. This report covers the present scenario and the growth prospects of the global railcar leasing market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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Key players in the global railcar leasing market: American Railcar Industries, Beacon Rail Leasing, CIT, GATX, Touax Rail, and VTG. Other Prominent Vendors in the market are: C.K. Industries, Compass Capital, GLNX, Greenbrier Leasing Company, Helm Financial, Infinity Rail, The Andersons, Wells Fargo, Sumitomo Mitsui Banking Corporation (SMBC), Progress Rail Services, CAI International, The David J. Joseph Company, Chicago Freight Car Leasing Company, and The Connell Company.

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Railcar lessors purchase railcars or rolling stock at a competitive price from the rolling stock manufacturers and lease them to public and private railroad players and shippers in various industries, such as chemical and plastics, petroleum refineries, and food and agricultural. This is done at a lease rate for a lease period, which varies from 2-5 years or even 20 years, depending on the types of lease. At the end of the lease, the railcar lessors will maximize the value of the railcar by selling or scrapping at a suitable time.

Market driver
- Rising global crude oil production
- For a full, detailed list, view our report

Market challenge
- Declining coal consumption by power sector in US
- For a full, detailed list, view our report

Market trend
- Increasing demand for railcar
- For a full, detailed list, view our 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?

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