Railcar Spill Containment Market Report Examines Latest Trends and Key Drivers Supporting Growth through 2027
Railcar Spill Containment Market – Concentrated at the Top and Fragmented at the Bottom
Top 6 players in the railcar spill containment market account for nearly one-third share, upheld by their robust sales infrastructure and sound operations worldwide. Average revenue of these railcar spill containment systems manufacturers ranges from US$ 5 Mn to US4 50 Mn. Acquisition of small yet technologically sound players, and new product launches continue to remain key expansion strategies of these market leaders. Occupancy of a large number of small- and medium-sized manufacturers worldwide alludes splintered nature of the railcar spill containment market at the brink. Collaboration with established companies with an aim to strengthen their manufacturing and distribution, is a key strategy adopted by SMEs to expand their footprint in the railcar spill containment market.
Railcar spill containment systems are likely to witness robust demand in the foreseeable future, with an expected 2X increase in crude oil-by-rail shipments by 2020, according to International Energy Agency (IEA). Lack of pipeline capacity has provided an impetus to crude oil producers for seeking efficient transportation alternatives such as railcars, thereby fuelling adoption of railcar spill containment systems. The IEA estimates railcar shipments of crude oil barrels to be 310,000 units greater than those transported via pipelines in 2018. While ambiguities remain as risks of legal actions might delay upgrades in railcar design & development to meet standards of crude oil transport, capital discipline and industry consolidation will continue to play a vital role in sustaining the emphasis on crude-by-rail transport.
