Professional Documents
Culture Documents
Automotive
170 Pages
Published : Sep-2017
Description
• According to a recently published report, the global railcar leasing market is expected to
represent a value of over US$ 15,000 Mn by the end of 2022. As technology and innovation are
transforming the definition of transportation, the patterns of commerce and trade have changed
on the similar lines with this transformation. With emergence of technology, commuting has
become comparatively reliant, efficient, faster, and cheaper. Several industries are leasing trucks,
container ships, and railcars for transportation of production materials.
• Without assortment of raw materials, majority of the construction projects are put at a halt
mode. Growing need to carry diverse array of raw materials for production and construction
projects in various industries has revved up demand for railcars significantly. Delivering
construction materials to the customers at the right time adds to the efficiency during the
implementation of the project. Moreover, as distances for procurement of construction materials
could be longer, industries bear with additional cost of procurement. Bound to such factors,
demand for railcars is expected to rev up in the several industries including shipping,
construction, agriculture, mining, automotive, and construction goods.
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