FrequentlyAsked Questions
The hopper car is a self-clearing enclosed railroad freight vehicle with having sideways, fixed roofs, and ends, as well as unloading and loading holes at the roof and bottom. Covered hopper cars are meant to transport dry bulk cargoes, which can range from grain to sand and clay. The cargo is protected from the elements by the cover.
The increased demand for bulk cargo such as fertilizer, grain, and chemicals that are required to be protected from exposure to the weather is also contributing to the expansion of the market.
According to the Zion Market Research report, the global hopper car market worth around 2.1 billion in 2022 and is further expected to grow to around 3.3 billion by 2030.
The global hopper car market is expected to grow rapidly at a CAGR of 5.25% during the forecast period.
North America holds the dominant share in the global hopper car market. This is due to the increasing adoption of hopper cars in the United States. The country contributes nearly 85 percent of the share in the regional market.
Major market players included in the report are Novatec, PIOVAN S.p.A., Summit Systems, UK Plastics Machinery Limited, Maguire Products Inc., National Steel Car, TrinityRail, The Greenbrier Companies, American Rail Car Industries, FreightCar America, Vertex Railcar Corporation, ARI Fleet Management. Jenco Controls & Export Limited, SIMAR GmbH, Budzar Industries, Inc., Movacolor, and Advanced Auxiliary Equipment, Inc.
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