Railcar Leasing Market - Forecast(2024 - 2030)

Report Code: ATR 1029 Report Format: PDF + Excel

Railcar Leasing Market size is estimated to reach US$17 billion by 2030, growing at a CAGR of 6.2%% during the forecast period 2024-2030. The increased industrialization, expansion of global trade, and the need for efficient transportation solutions are driving the demand for Railcar Leasing from the end users. This market growth is significantly driven by the flexibility and cost-effectiveness that leasing provides to companies, enabling them to adapt to varying transportation demands without substantial investments in ownership. These trends are expected to boost the growth of the Railcar Leasing Market during the forecast period.

The continual modernization of rail networks and the shift towards more sustainable transportation options are expected to propel the Railcar Leasing industry outlook during the forecast period.

Market Snapshot:
Railcar Leasing Market - Report Coverage:

The Railcar Leasing Market Report - Forecast (2024-2030) by IndustryARC, covers an in-depth analysis of the following segments in the Railcar Leasing Market.



By Railcar Type

  • Tank Cars

  • Box Cars

  • Hopper Cars

  • Flat Cars

  • Gondola Cars

  • Others

By Leasing Type

  • Full-Service Leasing

  • Net Leasing

  • Others

By End Use Industry

  • Chemical

  • Automotive

  • Agriculture

  • Food & Beverage

  • Construction

  • Others

By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Netherlands, Denmark and Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia and Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

  • Rest of the World (Middle East and Africa).

COVID-19 / Ukraine Crisis - Impact Analysis: 

       The railcar leasing sector faced significant challenges due to the COVID-19 pandemic, which led to disruptions in manufacturing, supply chain constraints, and reduced economic activities. The lockdown measures and restrictions imposed to curb the spread of the virus resulted in a temporary decline in demand for railcar leasing services, particularly in sectors like manufacturing, energy, and transportation.

       The Russia-Ukraine war could indirectly impact the railcar leasing market. Escalating inflation and disruptions in the supply chain might lead to increased production costs. This ripple effect could affect multiple sectors, including transportation and operational expenses for railcar leasing.

Key Takeaways:

       Dominance of APAC : Geographically, in the Railcar Leasing market share, APAC is analyzed to hold the highest market share in 2023. This trend is fueled by the region's burgeoning industrial landscape and the expanding need for efficient transportation solutions. The demand for railcar leasing is notably accelerated by economic growth in countries like China and India, where rapid industrialization, burgeoning trade activities, and infrastructural developments are propelling the need for reliable and cost-effective transportation options. The increased focus on trade expansion and infrastructure development solidifies Asia Pacific's position as a key driver and dominant force in the global railcar leasing market.

       Tank Car to Register the Fastest Growth : In the Railcar Leasing Market analysis, the tank car segment is estimated to grow the fastest CAGR of 5.8% during the forecast period 2024-2030. This is attributed to the escalating demand for the transportation of bulk liquids and gases, including petroleum, chemicals, and liquefied gases. Tank cars serve as crucial assets in the energy and chemical industries, providing a secure means for transporting hazardous materials. According to the Association of American Railroads (AAR), railways is the preferred mode of ethanol transportation and 60 to 70% of ethanol transportation is done by rail. The expansion of industries reliant on these materials and the increasing need for efficient, safe transportation solutions drive the market growth in the tank car segment. This growth trajectory is reinforced by stringent safety standards and regulations, further emphasizing the importance and demand for specialized tank cars in the transportation of various liquid and gaseous commodities.

       Chemical is the Largest Segment in the Market : According to the Railcar Leasing Market forecast, the chemical segment is estimated to register the largest market share during the forecast period. According to the American Chemistry Council, the U.S. chemical manufacturing industry is one of the largest users of freight rail, shipping more than 33,000 carloads per week. This can be attributed to the ongoing growth and diversification of the chemical sector, which relies heavily on the efficient transportation of various chemical products. The chemical industry encompasses a wide range of products, from petrochemicals to specialty chemicals, used in manufacturing, agriculture, pharmaceuticals, and other sectors. As this industry continues to evolve and expand, the demand for specialized railcar leasing solutions for safe and efficient chemical transportation is set to surge. Moreover, stringent safety and environmental regulations further underscore the importance of dedicated railcar services, making the chemical industry a significant driver of growth in the railcar leasing market.

       Need for Efficient Transportation Solutions :  The pressing need for efficient transportation solutions stands as a pivotal driver in the railcar leasing industry. As industries expand globally and supply chains become increasingly complex, the demand for reliable, cost-effective, and flexible transportation options intensifies. Railcar leasing offers a strategic solution, enabling businesses to adapt swiftly to fluctuating transportation demands without massive capital investments in ownership. The efficiency of rail transport in moving bulk goods, coupled with its relatively lower environmental impact, makes it an attractive option. Moreover, railcar leasing fulfills the necessity for specialized transport of various commodities, promoting a safer and more sustainable mode of freight movement within the ever-evolving logistics landscape. For example, the Norwegian government decided to invest $14.4 billion in rail infrastructure & digitization projects under the National Transportation Plan, in March 2021. It will cover new railway projects and digitalization investments and the existing infrastructure to meet the growing population's requirements, thus reducing emissions and road congestion. Thus, the need for efficient transport solutions acts as a driver for the growth of the Railcar Leasing Market during the forecast period.

       Flexibility and Cost-Effectiveness of Leasing : Offering a dynamic alternative to outright ownership, leasing allows companies to swiftly adapt to changing market demands without substantial upfront capital investments. This financial flexibility is crucial in industries where demand fluctuates, enabling businesses to adjust their fleet size according to immediate needs without the burden of maintaining excess railcars during downturns. Additionally, leasing reduces operational costs by outsourcing maintenance, repair, and regulatory compliance, providing a predictable cost structure. This flexibility and financial prudence make railcar leasing an appealing, adaptive, and economically viable solution for various industries reliant on efficient transportation of goods. Thus, the flexibility and cost-effectiveness drive the Railcar Leasing Market.

       Regulatory Compliance and Safety Standards to Impede to Market growth : Stricter regulations imposed by governmental bodies require railcar lessors to consistently meet evolving safety protocols, environmental standards, and industry-specific regulations. Compliance demands vigilant monitoring and investment in retrofitting, maintenance, and upgrades to ensure the fleet aligns with the latest safety measures. The intricacies of meeting these stringent standards entail significant costs and procedural complexities. Such challenges can hinder the growth of the Railcar Leasing Market.

                              Railcar Leasing Market Share (%) By Region, 2023

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Railcar Leasing Market. The top 10 companies in this industry are listed below:

  1. American Railcar Industries Inc.
  2. Brunswick Rail Management Ltd.
  3. CIT Group Inc.
  4. GATX Corporation
  5. Mitsui Rail Capital
  6. The Greenbrier Companies
  7. Trinity Industries Inc.
  9. Touax Group
  10. Chicago Freight Car Leasing

Scope of Report:

Report Metric


Base Year Considered


Forecast Period




Market Size in 2030

$17 billion

Segments Covered

Rail Car Type, Leasing Type, End Use Industry and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands, Denmark and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. American Railcar Industries Inc.

  2. Brunswick Rail Management Ltd.

  3. CIT Group Inc.

  4. GATX Corporation

  5. Mitsui Rail Capital

  6. The Greenbrier Companies

  7. Trinity Industries Inc.


  9. Touax Group

  10. Chicago Freight Car Leasing

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1. Railcar Leasing Market - Overview
    1.1. Definitions and Scope
2. Railcar Leasing Market - Executive Summary
3. Railcar Leasing Market - Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
4. Railcar Leasing Market - Start-up Companies Scenario 
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Venture Capital and Funding Scenario
5. Railcar Leasing Market – Market Entry Scenario Premium 
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
6. Railcar Leasing Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
        6.4.1. Bargaining Power of Suppliers
        6.4.2. Bargaining Powers of Customers
        6.4.3. Threat of New Entrants
        6.4.4. Rivalry Among Existing Players
        6.4.5.Threat of Substitutes
7. Railcar Leasing Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
8. Railcar Leasing Market – by Railcar Type(Market Size – $Million/$Billion) 
    8.1. Tank Cars
    8.2. Box Cars
    8.3. Hopper Cars
    8.4. Flat Cars
    8.5. Gondola Cars
    8.6. Others
9. Railcar Leasing Market – by Leasing Type(Market Size – $Million/$Billion)
    9.1. Full-Service Leasing
    9.2. Net Leasing
    9.3 Others
10. Railcar Leasing Market – by Enduse Industry(Market Size – $Million/$Billion)
    10.1. Chemical
    10.2. Automotive
    10.3. Agriculture
    10.4. Food & Beverage
    10.5. Construction
    10.6. Others
11. Railcar Leasing Market – by Geography (Market Size – $Million/$Billion) 
    11.1. North America
        11.1.1. The U.S.
        11.1.2. Canada
        11.1.3. Mexico
    11.2. Europe
        11.2.1. UK
        11.2.2. Germany
        11.2.3. France
        11.2.4. Italy
        11.2.5. Spain
        11.2.6. Russia
        11.2.7. Rest of Europe
    11.3. Asia-Pacific
        11.3.1. China
        11.3.2. India
        11.3.3. Japan
        11.3.4. South Korea
        11.3.5. Australia & New Zealand
        11.3.6. Rest of Asia-Pacific
     11.4. South America
        11.4.1. Brazil
        11.4.2. Argentina
        11.4.3. Chile
        11.4.4. Colombia
        11.4.5. Rest of South America
    11.5. Rest of the World
        11.5.1. Middle East
        11.5.2. Africa
13. Railcar Leasing Market – Entropy
14. Railcar Leasing Market – Industry/Segment Competition Landscape 
    14.1. Market Share Analysis
        14.1.1. Market Share by Deployment Type – Key Companies
        14.1.2. Market Share by Region – Key Companies
        14.1.3. Market Share by Country – Key Companies
    15.2. Competition Matrix
    15.3. Best Practices for Companies
15. Railcar Leasing Market – Key Company List by Country Premium  
16. Railcar Leasing Market - Company Analysis
    16.1. American Railcar Industries Inc.
    16.2. Brunswick Rail Management Ltd.
    16.3. CIT Group Inc.
    16.4. GATX Corporation
    16.5. Mitsui Rail Capital
    16.6. The Greenbrier Companies
    16.7. Trinity Industries Inc.
    16.8. SMBC GROUP
    16.9. Touax Group
    16.10. Chicago Freight Car Leasing
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The Railcar Leasing Market is projected to grow at a CAGR of 6.2% during the forecast period 2024-2030.

Global Railcar Leasing Market size is estimated to be $11 billion in 2023 and is projected to reach $17 billion by 2030.

The leading players in the Railcar Leasing Market are American Railcar Industries Inc., Brunswick Rail Management Ltd., CIT Group Inc., GATX Corporation, Mitsui Rail Capital and others

Implementation of IoT and the shift towards sustainable transportation are some of the major Railcar Leasing trends in the industry which will create growth opportunities for the market during the forecast period.

The increased industrialization, expansion of global trade, the need for efficient transportation solutions and the flexibility and cost-effectiveness that leasing provides to companies are the driving factors of the market.