NEW YORK, July 9, 2021 /PRNewswire/ -- Set to grow by USD 254.04 million during 2021-2025, Technavio's latest market research report estimates the railcar leasing market in Europe to register a CAGR of over 4%. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Akiem SAS, Beacon Rail Leasing Ltd., ERMEWA Group, GATX Corp., Mitsui Rail Capital, Porterbrook Leasing Co. Ltd., RAILPOOL GmbH, The Greenbrier Companies Inc., Touax SCA, and VTG Aktiengesellschaft are some of the major market participants. Although the growth in the oil, gas, and mining industry will offer immense growth opportunities, to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.