Market Overview:
The global tank cars leasing market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for tank cars from various end-use industries such as oil & gas, chemical products, and others. In terms of type, the general service tank cars segment is expected to account for a major share of the global tank cars leasing market during the forecast period. This can be attributed to their high demand from various end-use industries across different regions. However, with technological advancements in manufacturing processes and materials used for manufacturing high-pressure tanks cars, this segment is expected register higher growth rates during the forecast period. In terms of application, oil & gas industry is anticipated to hold a dominant position in the global tank cars leasing market throughout the forecast period owing to increasing investments in exploration.
Product Definition:
Tank cars leasing is the process of renting a tank car from a leasing company. Tank cars are important because they are used to transport liquids and gases.
General Service Tank Cars:
General service tank cars are used for transportation of hazardous goods including crude oil, chemicals, sludge and water. These vehicles have a capacity between 100 to 1,000 barrels and are designed to carry the products from refineries to end-use applications. They can also be used for the transportation of bulk materials in various industries such as paper & pulp; food & beverages; mining; pharmaceuticals and others.
High-Pressure Tank Cars:
High-pressure tank cars are a type of rail car used to transport hazardous goods including crude oil, ethanol, propane and others. They have the ability to carry bulk quantities of these products making them suitable for long hauls.
Application Insights:
The oil & gas segment accounted for the largest market share in 2017 and is anticipated to maintain its dominance over the forecast period. The growth of this application can be attributed to growing demand for crude oil products, such as gasoline, diesel and jet fuel. Furthermore, it also includes other liquids such as lubricants and transformer oils among others.
Increasing investments in petroleum exploration activities have led to an increase in production of various petroleum products including natural gas liquids (NGL), synthetic crude oil (SCO) along with associated derivatives like gasoline and diesel among others. Growing consumption of NGLs is expected to drive their production which will subsequently increase product transportation distances which will result in increased utilization of tank cars over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant rise in demand for transportation as a result of growing oil & gas, chemical products, and other industrial sectors. In addition, rising investments by various governments for expanding refining capacities are anticipated to drive the growth of this sector which will further propel product demand over the next eight years.
The Middle East & Africa is estimated to be one of fastest-growing regions owing to increasing government spending on infrastructure projects coupled with rising petrochemical production capacity in countries such as Saudi Arabia and Qatar. Moreover, upcoming major projects such as Jazan Economic City (Qatar) and King Abdullah Economic City (Saudi Arabia) are expected to provide new opportunities for market players over the next few years.
Growth Factors:
- Increasing demand for oil and gas products: The global consumption of oil and gas is increasing day by day. This is because of the growing population and the increasing industrialization in different parts of the world. This is resulting in an increase in demand for tank cars leasing services.
- Proliferation of shale gas: Shale gas is a type of natural gas that is found trapped within shale formations deep below the earth’s surface. It has become an important source of energy in many countries due to its abundance and low cost. This has resulted in an increase in demand for tank cars leasing services to transport this fuel from production sites to consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tank Cars Leasing Market Research Report
By Type
General Service Tank Cars, High-Pressure Tank Cars, Other Specialty Tank Cars
By Application
Oil & Gas, Chemical Products, Others
By Companies
Wells Fargo, GATX, Union Tank Car, CIT, VTG, Trinity, Ermewa, SMBC (ARI), BRUNSWICK Rail, Mitsui Rail Capital, Andersons, Touax Group, Chicago Freight Car Leasing, The Greenbrier Companies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Tank Cars Leasing Market Report Segments:
The global Tank Cars Leasing market is segmented on the basis of:
Types
General Service Tank Cars, High-Pressure Tank Cars, Other Specialty Tank Cars
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Chemical Products, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wells Fargo
- GATX
- Union Tank Car
- CIT
- VTG
- Trinity
- Ermewa
- SMBC (ARI)
- BRUNSWICK Rail
- Mitsui Rail Capital
- Andersons
- Touax Group
- Chicago Freight Car Leasing
- The Greenbrier Companies
Highlights of The Tank Cars Leasing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- General Service Tank Cars
- High-Pressure Tank Cars
- Other Specialty Tank Cars
- By Application:
- Oil & Gas
- Chemical Products
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tank Cars Leasing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tank cars leasing is a business model in which tank car owners lease their cars to companies that transport oil or other liquids. Tank car leasing can be an effective way for companies to get the tanks they need without having to purchase them outright.
Some of the key players operating in the tank cars leasing market are Wells Fargo, GATX, Union Tank Car, CIT, VTG, Trinity, Ermewa, SMBC (ARI), BRUNSWICK Rail, Mitsui Rail Capital, Andersons, Touax Group, Chicago Freight Car Leasing, The Greenbrier Companies.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tank Cars Leasing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tank Cars Leasing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tank Cars Leasing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tank Cars Leasing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tank Cars Leasing Market Size & Forecast, 2018-2028
4.5.1 Tank Cars Leasing Market Size and Y-o-Y Growth
4.5.2 Tank Cars Leasing Market Absolute $ Opportunity
Chapter 5 Global Tank Cars Leasing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Tank Cars Leasing Market Size Forecast by Type
5.2.1 General Service Tank Cars
5.2.2 High-Pressure Tank Cars
5.2.3 Other Specialty Tank Cars
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tank Cars Leasing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Tank Cars Leasing Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Chemical Products
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tank Cars Leasing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tank Cars Leasing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Tank Cars Leasing Analysis and Forecast
9.1 Introduction
9.2 North America Tank Cars Leasing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Tank Cars Leasing Market Size Forecast by Type
9.6.1 General Service Tank Cars
9.6.2 High-Pressure Tank Cars
9.6.3 Other Specialty Tank Cars
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Tank Cars Leasing Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Chemical Products
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Tank Cars Leasing Analysis and Forecast
10.1 Introduction
10.2 Europe Tank Cars Leasing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Tank Cars Leasing Market Size Forecast by Type
10.6.1 General Service Tank Cars
10.6.2 High-Pressure Tank Cars
10.6.3 Other Specialty Tank Cars
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Tank Cars Leasing Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Chemical Products
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Tank Cars Leasing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tank Cars Leasing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Tank Cars Leasing Market Size Forecast by Type
11.6.1 General Service Tank Cars
11.6.2 High-Pressure Tank Cars
11.6.3 Other Specialty Tank Cars
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Tank Cars Leasing Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Chemical Products
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Tank Cars Leasing Analysis and Forecast
12.1 Introduction
12.2 Latin America Tank Cars Leasing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Tank Cars Leasing Market Size Forecast by Type
12.6.1 General Service Tank Cars
12.6.2 High-Pressure Tank Cars
12.6.3 Other Specialty Tank Cars
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Tank Cars Leasing Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Chemical Products
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Tank Cars Leasing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tank Cars Leasing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Tank Cars Leasing Market Size Forecast by Type
13.6.1 General Service Tank Cars
13.6.2 High-Pressure Tank Cars
13.6.3 Other Specialty Tank Cars
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Tank Cars Leasing Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Chemical Products
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tank Cars Leasing Market: Competitive Dashboard
14.2 Global Tank Cars Leasing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wells Fargo
14.3.2 GATX
14.3.3 Union Tank Car
14.3.4 CIT
14.3.5 VTG
14.3.6 Trinity
14.3.7 Ermewa
14.3.8 SMBC (ARI)
14.3.9 BRUNSWICK Rail
14.3.10 Mitsui Rail Capital
14.3.11 Andersons
14.3.12 Touax Group
14.3.13 Chicago Freight Car Leasing
14.3.14 The Greenbrier Companies
