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Intermodal Container Leasing in the US - Market Research Report (2014-2029)

Jared Ristoff Jared Ristoff New York, United States Last Updated: June 2024 NAICS OD4882

Revenue

$356.8m

2024

$356.8m

Past 5-Year Growth

Profit

$XX.Xbn

Employees

409

Businesses

40

Wages

$XX.Xm

Intermodal Container Leasing in the US industry analysis

Intermodal container lessors fulfil lease agreements with companies for intermodal containers, which are large standardized steel boxes (or forms of standardized containers) used to transport cargo by ship, truck or rail. Containers are commoditized and used to transport goods globally. Therefore, increasing demand in regions worldwide can drive up lease rates in the United States.The industry encountered sizable volatility over the five years to 2023. In 2020, the outbreak of COVID-19 disrupted the global economy as the operating capacity for many industries fell. The pandemic put pressure on the fluctuating world price of steel and crude oil, with a major spike in 2021 as supply chains were disrupted worldwide. A major cause for falling profit in recent years is the increase in such input costs. Global trade volumes have increased and intermodal shipping, which facilitates transportation between ship, truck and rail seamlessly, was growing in popularity at the start of the last five years. Due to significant increases in input costs, industry revenue has been falling at a CAGR of 1.2% over the past five years, and is expected to reach $351.6 million in 2023. As input prices stabilize and the value of world trade increases, industry revenue is anticipated to rise 0.9% in 2023.Industry revenue is expected to rise slightly over the next five years, but show an overall decline at a CAGR of 1.1% to $333.4 million in 2028. Interest rates, as indicated by the yield on the 10-year Treasury note, will likely climb, increasing the cost of doing business. Supply chain strain will continue, as the world price of steel and oil continues to be volatile in the coming years. As the cost of crude oil and steel are anticipated to increase and shipping rates to rise as a result, lease rates should grow as well. Operators are projected to continue to contend with a weak shipping market as excess capacity persists and ultra-large cargo ships continue to enter the freight industry, tempering demand.

Trends and Insights

  • Operators in the Intermodal Container Leasing industry provide leasing options for intermodal containers, which are large, steel boxes (or forms of standardized containers) used to package and transport cargo by ship, truck or rail.
  • The lease agreements typically specify the number of containers to be leased, the pick-up and drop-off locations, the applicable lease rate and the lease term. Long-term container leasing is expected to account for the majority of revenue for the industry.
  • Establishments in the Intermodal Container Leasing industry are typically located near ports and harbors in the United States. The industry is highly concentrated in the Southeast and West regions of the United States.
  • The Intermodal Container Leasing industry has a moderate concentration level. The three largest players in the United States are forecast to account for 54.6% of industry revenue in 2023.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has declined at a CAGR of 1.6 % over the past five years, to reach an estimated $356.8m in 2024.

Trends and Insights

The outbreak of the COVID-19 pandemic affects the industry

  • In 2020, the novel COVID-19 pandemic initiated a decline in revenue that lasted all through 2022.
  • Additional trends and insights available with purchase
Intermodal Container Leasing in the US
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to decline over the next five years.

Trends and Insights

Global and domestic manufacturing will likely increase

  • Industrial production levels are forecast to grow, which means more goods will likely be transported within the United States domestically and across international trade routes.

Biggest companies in the Intermodal Container Leasing in the US

Company
Market Share (%)
2024
Revenue ($m)
2024
Profit ($m)
2024
Profit Margin (%)
2024
Triton International Ltd
119.0
56.8
47.7
Textainer Group Holdings Limited
40.8
14.9
36.5

To view the market share and analysis for all 2 top companies in this industry, view purchase options.

Products & Services Segmentation

Intermodal Container Leasing in the US
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Long-term container leasing, Short-term container leasing and Finance container leasing. Long-term container leasing is the largest segment of the Intermodal Container Leasing in the US.

Trends and Insights

Long-term container leasing brings in the majority of revenue

  • Long-term leases are usually on a fixed basis and range from three to eight years in duration, though one- or two-year contracts are also becoming increasingly popular.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

This industry leases intermodal containers for the long- and short-term needs of transportation companies and shippers. Intermodal containers can be transported on ships, trains and trucks. Due to the industry’s international nature, revenue is calculated based on the location of customers.

What's included in this industry?

Issuing fixed-term leases for intermodal containersIssuing master lease agreements for intermodal containersIssuing finance leases for intermodal containers

Companies

Triton International LtdTextainer Group Holdings Limited

Purchase this report to view all 2 major companies in this industry.

Related Terms

INTERMODALCONTAINERLOGISTICS

Industry Code

NAICS 2017

NAICS 53241 - Intermodal Container Leasing in the US

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Operators in the Intermodal Container Leasing industry provide leasing options for intermodal containers, which are large, steel boxes (or forms of standardized containers) us...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

The lease agreements typically specify the number of containers to be leased, the pick-up and drop-off locations, the applicable lease rate and the lease term. Long-term cont...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Establishments in the Intermodal Container Leasing industry are typically located near ports and harbors in the United States. The industry is highly concentrated in the Sout...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each state
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each state in 2024
  • Number and share of revenue each state accounts for in 2024
  • Number and share of wages each state accounts for in 2024
  • Number and share of employees in each state in 2024

Detailed analysis

  • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

The Intermodal Container Leasing industry has a moderate concentration level. The three largest players in the United States are forecast to account for 54.6% of industry rev...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Triton International is a public company headquartered in the Bahamas with an estimated 237 employees. The company accounts for an estimated 38.2% of total Intermodal Contain...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Triton International Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Textainer Group Holdings Limited's performance by revenue, market share and profit margin from 2018 through 2024

Detailed analysis

  • Description and key data for Triton International Ltd, and factors influencing its performance in the industry
  • Description and key data for Textainer Group Holdings Limited, and factors influencing its performance in the industry

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The Intermodal Container Leasing industry does not receive any substantial assistance from government entities. It does receive assistance from industry associations, particu...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The average cost structure for the Intermodal Container Leasing industry is indicative of one that benefits from low, spread out capital costs and minimal labor requirements. ...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Industry Multiples (2017-2022)
  • Industry Tax Structure (2017-2022)
  • Income Statement (2017-2022)
  • Balance Sheet (2017-2022)
  • Liquidity Ratios (2017-2022)
  • Coverage Ratios (2017-2022)
  • Leverage Ratios  (2017-2022)
  • Operating Ratios (2017-2022)
  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Intermodal Container Leasing in the US industry in United States in 2024?

The market size of the Intermodal Container Leasing in the US industry in United States is $356.8m in 2024.

How many businesses are there in the Intermodal Container Leasing in the US industry in 2024?

There are 40 businesses in the Intermodal Container Leasing in the US industry in United States, which has grown at a CAGR of 0.5 % between 2019 and 2024.

Has the Intermodal Container Leasing in the US industry in United States grown or declined over the past 5 years?

The market size of the Intermodal Container Leasing in the US industry in United States has been declining at a CAGR of 1.6 % between 2019 and 2024.

What is the forecast growth of the Intermodal Container Leasing in the US industry in United States over the next 5 years?

Over the next five years, the Intermodal Container Leasing in the US industry in United States is expected to decline.

What are the biggest companies in the Intermodal Container Leasing in the US market in United States?

The biggest companies operating in the Intermodal Container Leasing market in United States are Triton International Ltd and Textainer Group Holdings Limited

What does the Intermodal Container Leasing in the US in United States include?

Issuing fixed-term leases for intermodal containers and Issuing master lease agreements for intermodal containers are part of the Intermodal Container Leasing in the US industry.

Which companies have the highest market share in the Intermodal Container Leasing in the US in United States?

The company holding the most market share in United States is Triton International Ltd.

How competitive is the Intermodal Container Leasing in the US industry in United States?

The level of competition is high and steady in the Intermodal Container Leasing in the US industry in United States.

Related Industries

Widen your competitive advantage with related industries

Competitors

  • There are no industries to display.

Complementors

  • Storage & Warehouse Leasing in the US
  • Truck Rental in the US
  • Heavy Equipment Rental in the US
  • Industrial Equipment Rental & Leasing in the US

International industries

  • Industrial Equipment Rental & Leasing in Canada
  • Machinery and Scaffolding Rental in Australia
  • Heavy Machinery and Scaffolding Rental and Hiring in New Zealand

View all industries in United States

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Key data sources in the US include: 

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