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

Pooja Khodke

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

Locomotive leasing involves renting locomotives and multiple units for rail freight and passenger transportation. Locomotives offer efficient transportation of heavy cargo and passengers over long distances in a cost-effective and environment-friendly manner. 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$ 10.07 Bn in 2023 and is expected to exhibit a CAGR Of 4.3% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising demand for fuel-efficient transportation has been a key driver for the leased locomotive market. With growing awareness regarding environmental impact of transportation, companies and rail operators are increasingly opting for leased locomotives which burn less fuel per tonne-km transported as compared to road transportation. Locomotives powered through electric traction and dual-fuel solutions provide significant fuel savings. Leasing allow operators to benefit from latest fuel-efficient technologies without upfront capital investment. This has accelerated the demand for leased locomotives and is expected to continue during the forecast period with growing focus on reducing carbon footprint of transportation sector globally.

Segment Analysis

The global locomotive leasing market is dominated by the passenger locomotive segment. Passenger locomotives are mainly used for public transportation needs in various regions globally. They account for over 60% of the market share as majority of the countries have elaborate public transportation systems using railways for passenger mobility. Freight locomotives form another key segment and are used for transportation of industrial and commercial goods via rail networks.

Key Takeaways

The Global Locomotive Leasing Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The global Locomotive leasing market is estimated to be valued at US$ 10.07 Bn in 2024 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030.

Regional analysis:

Asia Pacific region dominates the global locomotive leasing market currently. It accounts for more than 40% of the market share due to rapid industrialization and development of rail infrastructure in major countries like China and India. Growing passenger and freight transportation needs is driving the demand for leased locomotives in the region. North America and Europe are other key markets owing to presence of existing rail networks.

Key players:

Key players operating in the locomotive leasing market are John Crane, Eagleburgmann, Flowserve Corporation, AESSEAL Plc, Meccanotecnica Umbra Spa, Vulcan Engineering Limited, Garlock, Sichuan Sunny Seal Co. Ltd, Sulzer Ltd, James Walker, and others. John Crane is a leading player focused on locomotive engine sealing solutions. Eagleburgmann provides fluid sealing solutions for locomotives globally.

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Pooja Khodke

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 , Market Overview ,Market Key Trends

Pooja Khodke 2023-10-03

The global Locomotive Leasing Market is estimated to be valued at US$ 10. Segment Analysis: The locomotive leasing market can be segmented based on locomotive type, application, and region. In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the locomotive leasing market. The presence of key market players and favorable government policies supporting the development of the railway infrastructure further propel the market growth in this region. These key players have a strong presence in the market and offer a wide range of locomotive leasing services to cater to the diverse needs of customers.

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.

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

naufan 2023-12-26

The global Locomotive leasing Market is estimated to be valued at US$ 10. 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. Segment Analysis The global locomotive leasing market can be segmented by application, into passenger locomotives and freight locomotives. Regional analysis related content comprises: The North America region is expected to dominate the global market during the forecast period.

Driving Forward The Evolution and Future Prospects of Locomotive Leasing in the Rail Industry

Leena Shedmake 2024-02-19

Instead of buying locomotives outright, operators could lease them for a fixed period and payment schedule from specialized locomotive leasing companies. According to industry reports, over 30% of the active locomotive fleet in North America is now leased. Major leasing companies like TRLI, ARL, BNSF, and Wabtec have sizable leased fleets. - Access to new technologies: Leasing gives access to latest models and technologies without high initial costs. - Data analytical skills will help leasing companies optimize utilization and predictive maintenance through IoT/telematics.

Locomotive Market Potential Effect On Upcoming Future Growth, Competitive Analysis And Forecast 2022 - 2030

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.

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Moreover, the anticipated increase in passenger traffic, freighter aircraft and developing airports in the emerging economies are fuelling the growth of this market.