Passenger Rolling Stock Leasing is a type of financial vehicle that enables public transit organizations to purchase passenger rolling stock such as railcars and buses. The leasing company purchases the equipment and provides it to the public agency through a long-term lease. This financing option allows public agencies to have access to modern, top-quality equipment without having to pay for the equipment upfront.
Passenger Rolling Stock Leasing is becoming increasingly popular due to its flexible financing terms and lower costs. It has become the preferred financing model for many public transit authorities around the world looking for alternative and more cost-effective ways of financing their passenger rolling stock.
The global overview of Passenger Rolling Stock Leasing is seen in Europe where it has been widely utilized for over 20 years with the majority of rolling stock now being leased. Passenger Rolling Stock Leasing has also grown in popularity in the North American market, particularly in the US, where it has become increasingly attractive for local transit systems wanting to obtain the latest modernized rolling stock at lower cost. Additionally, Passenger Rolling Stock Leasing has been growing throughout Asia, as governments and transport authorities look to bring their rail networks into the 21st century.
The global Passenger Rolling Stock Leasing market was valued at US$ 2671.2 million in 2022 and is anticipated to reach US$ 3379.9 million by 2029, witnessing a CAGR of 4.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Passenger Rolling Stock Leasing Market available at: https://www.themarketreports.com/report/global-passenger-rolling-stock-leasing-market-research-report
This report aims to provide a comprehensive presentation of the global market for Passenger Rolling Stock Leasing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Passenger Rolling Stock Leasing.
The major players in the global passenger vehicle rental market are Eversholt, Angel Trains, Porterbrook Leasing, Macquarie European Rail and Beacon Rail, which together account for 60% of the market share.
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