Automotive

The global Locomotive leasing Market Growth Accelerated by Increasing Railway Freight Transportation

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The global Locomotive leasing Market Growth Accelerated by Increasing Railway Freight Transportation

Locomotive leasing enables rail operators to maintain an operational fleet without incurring large capital costs associated with locomotive purchases. Diesel-electric and electric locomotives are widely available on lease for short-term and long-term applications. In addition to lower upfront costs, leasing offers flexibility to match locomotive capacity with fluctuating demand.

The global Locomotive leasing Market is estimated to be valued at US$ 10.07 Bn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing railway freight transportation is one of the key trends driving the growth of the locomotive leasing market. Various regional governments across the globe are focusing on expanding and modernizing existing rail infrastructure to increase rail freight’s modal share for cargo transportation. According to the International Union of Railways, the total rail freight volumes increased by around 2.4% annually from 2010 to 2020, and similar growth patterns are anticipated over the next decade. Modernized and expanded railways are projected to increase intermodal freight transportation capabilities and reduce road congestion. This, along with the growth in international trade, is expected to further accelerate demand for leased locomotives from freight operators. Freight locomotive leasing allows operators to scale up capacities on short notice to accommodate peaks in freight movement without incurring heavy CAPEX.

Segment Analysis

The global locomotive leasing market can be segmented by application, into passenger locomotives and freight locomotives. Among these, the freight locomotives segment dominated the market with around 65% share in 2023 due to increasing demands for efficient cargo transport across various industries globally. Freight locomotives are designed to carry heavy cargo over long distances in a cost effective manner which is witnessing rising preference.

Key Takeaways

The Global Locomotive Leasing Market Size is expected to witness high growth. Regional analysis related content comprises: The North America region is expected to dominate the global market during the forecast period. This is attributed to growing adoption of advanced locomotive systems in various industrial applications such as mining, oil & gas and others. Rapidly growing trade volumes especially in US and Canada are also expected to drive market growth in the region.

Key players

Key players operating in the locomotive leasing market are Orenco Systems, WPL Ltd, Bio-Microbics, Albion Septic System, Premier Tech Aqua, Septic Solutions, BTL LINEDRAIN, Pumps UK LTD, Anua, Tricel, Infiltrator Water Technologies, Hoot Systems, Zoeller, Hess Pumien, RootX, Jet Inc, SJE Rhombus, Norweco, Aero-Stream, Perma-Liner Industries. Major players are focusing on both organic and inorganic growth strategies such as collaborations and new product launches to strengthen their business footprint in the emerging markets.

Get more insights on this topic:

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naufan

Locomotive Leasing Market Is Estimated To Witness High Growth

Anjali CMI 2023-10-10

The global Locomotive Leasing Market is estimated to be valued at US$ 10. PEST Analysis: Political: The political environment plays a crucial role in the locomotive leasing market. Key Takeaways: The global Locomotive Leasing Market Trend is expected to witness high growth, exhibiting a CAGR of 8% over the forecast period (2023-2030). From a regional perspective, Asia Pacific is expected to be the fastest-growing and dominating region in the locomotive leasing market. Key players operating in the locomotive leasing market include GATX Corporation, Progress Rail (A Caterpillar Company), TrinityRail, Mitsui Rail Capital LLC, Angel Trains, Beacon Rail Leasing, Railpool, Eversholt Rail Group, Macquarie Group, SMBC Rail Services, VTG Rail Leasing, Mitsui & Co.

Locomotive Leasing Market Witnesses Growth Accelerated By Rising Demand For Fuel-Efficient Transportation

Pooja Khodke 2024-01-10

The emerging trends towards reducing carbon footprint and curbing fuel costs have increased the adoption of leased locomotives. The global Locomotive Leasing Market is estimated to be valued at Us$ 10. Segment Analysis The global locomotive leasing market is dominated by the passenger locomotive segment. The global Locomotive leasing market is estimated to be valued at US$ 10. Regional analysis: Asia Pacific region dominates the global locomotive leasing market currently.

Locomotive Leasing Market Is Estimated To Witness High Growth Owing To Opportunity For Reduced Capital Expenditure

Poonam 2023-12-20

The global locomotive leasing Market is estimated to be valued at US$ 10. Opting for leasing locomotives allows operators to meet their operational needs while avoiding heavy upfront costs. The growing preference for the operational expenditure focused leasing model is a major driver of demand in the locomotive leasing market. Key Takeaways The global Locomotive Leasing Market Growth is expected to witness high growth over the forecast period driven by the expanding rail freight sector across regions. Key players operating in the locomotive leasing market are GATX Corporation, Progress Rail (A Caterpillar Company), TrinityRail, Mitsui Rail Capital LLC, Angel Trains, Beacon Rail Leasing, Railpool, Eversholt Rail Group, Macquarie Group, SMBC Rail Services, VTG Rail Leasing, Mitsui & Co.

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Devanand Patil 2022-12-08

Factors like technological upgradation in locomotives and growing population support the locomotive market growth. The locomotive market segmental analysis provided in the report offers major details about the locomotive market based on the data and forecasts till 2025. The regional analysis of the locomotive market can be found in the market research report. The population growth around the world and increasing demand of locomotive market based services and products also support the market growth. AGE TransportationTransmashholdingEMD CaterpillarKawasaki Heavy IndustriesStadler RailBombardier TransportationAbout Market Research Future:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Locomotive Drive Shaft Market Size, Share, Growth Opportunity & Global Forecast to 2028

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Locomotive Traction Transformer Market 2022 Major Key Players and Industry Analysis Till 2030

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The new Locomotive Traction Transformer Market report offers a comprehensive study of the current scenario of the market including major market dynamics. The major players in the locomotive traction transformer market include ABB, Mitsubishi Electric Corporation, Emco Ltd, International Electric Co. Get more information on "Global Locomotive Traction Transformer Market Research Report" by requesting FREE Sample Copy at https://www. The growth and trends of locomotive traction transformer industry provide a holistic approach to this study. Browse Global Locomotive Traction Transformer Market Research Report with detailed TOC at https://www.

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Learn More On The Machinery Leasing Market:https://www. The machinery leasing market size is expected to see strong growth in the next few years. Major trends in the forecast period include strategic partnerships and collaborations to grow in the market, introduction of innovative products to strengthen their position in the market, introducing digitization platforms, artificial intelligence and machine learning in the machinery leasing market machinery leasing market report, machinery leasing market research, machinery leasing market analysis, machinery leasing market segments, machinery leasing market outlook, machinery leasing market size, machinery leasing market demand, machinery leasing market share, machinery leasing market overview, machinery leasing market growth, machinery leasing market insights or improving the efficiency and productivity of the machinery, and focus on offering evs as the go-to option for environmentally conscious consumers who want to reduce their carbon footprint. The emergence of start-ups as major clients of leasing service providers is expected to drive the growth of the machinery leasing market. The machinery leasing market report table of contents includes:1.

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