The railcar leasing market share in Europe is projected to grow by USD 254.04 million, accelerating at a CAGR of 4.21% during the forecast period. The market is segmented by type (freight cars, tank wagons, and intermodal) and Geography (Germany, France, the UK, Poland, and the Rest of Europe). The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
Railcar Leasing Market Analysis in Europe 2021-2025: View the FREE Sample Report
One of the primary factors that will trigger the growth of the railcar leasing market size in Europe is the growth in the oil, gas, and mining industries. The mining industry in Europe is expected to grow by double-digit during the forecast period. Growth in the mining industry will result in more volumes of minerals and metals being transported by rail freight.
In addition, the applications of advanced coatings on railcars are the major railcar leasing market trends in Europe which will positively influence the market growth. However, the shortage of skilled labor in the industry will be a major hindrance for the market participants.
Technavio's research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip marketers with actionable insights that will help them leverage opportunities and formulate growth strategies for their businesses.
The market is concentrated due to the presence of several players. Akiem SAS, Beacon Rail Leasing Ltd., ERMEWA Group, GATX Corp., Mitsui Rail Capital, Porterbrook Leasing Co. Ltd., RAILPOOL GmbH, The Greenbrier Companies Inc., Touax SCA, and VTG Aktiengesellschaft are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. The customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations. Download the Free PDF Sample Report
Also, know more about the exclusive Railcar Leasing Market in North America and get more insights into exact growth variance and the Y-O-Y growth rate.
