Market Overview:
The global Crosstie market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for crossties from the railway sector, especially high-speed railways and CRVs. Additionally, rising investments in subway systems are also expected to drive the growth of this market during the forecast period. Asia Pacific is projected to be fastest growing region in terms of revenue during 2018-2030 owing to rapid infrastructure development and increase in adoption of high-speed railways and CRVs across countries such as China and India.
Product Definition:
noun: A railroad tie, usually of treated wood, laid across the rails to support them.
The importance of crossties is that they hold the track together and provide a surface for the wheels to roll on.
Concrete:
Concrete is a composite material, which is made up of cement and crushed rocks (aggregate), sand or gravel. Concrete can be used for the construction of structures at both the residential and commercial levels. The properties such as durability, strength, resistance to chemical erosion are responsible for its increased usage in building construction.
The global concrete market size was valued at USD 472 billion in 2016.
Composites:
Composites are man-made materials that are made up of two or more substances, which when put together make a much stronger and durable product than the individual components. The most common types of composites used in crossties include fiberglass, carbon fiber, aramid fibers and glass/fiber reinforced plastic.
Application Insights:
High-speed railway was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The high speed railway segment is projected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing demand for such railways across the globe, particularly in China, Japan, Germany and France.
CRV was the second-largest application segment in 2017 as these vehicles have improved safety features including stronger glass and door beams that can withstand higher impact forces than conventional buses. CRVs are also equipped with airbags designed specifically for front row passengers which can reduce injuries during accidents significantly.
Regional Analysis:
Asia Pacific dominated the global cross-tie market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing infrastructure spending coupled with growing industrialization and urbanization in countries such as China, India, Indonesia, Thailand, Vietnam among others. In addition, rising government initiatives for developing transportation networks are projected to propel industry expansion over the next eight years.
Europe accounted for a significant share of global revenue in 2017 owing to high demand from construction sector primarily driven by rapid infrastructural development projects across European countries including Austria Hungary Romania Sweden among others which are likely to have a positive impact on product demand during the forecast period.
Growth Factors:
- Increasing demand from the construction sector for Crosstie products as a result of growing infrastructure development activities.
- Rising demand for Crosstie products from the automotive sector due to increasing production of automobiles across the globe.
- Proliferation of online retail platforms that are offering Crosstie products at competitive prices, thereby boosting sales growth prospects for the market players.
- Growing inclination of consumers towards using eco-friendly building materials, which is projected to fuel adoption of Crossties in construction projects over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Crosstie Market Research Report
By Type
Concrete, Composites
By Application
High Spped Railway, CRV, Subway, Others
By Companies
Vollert, AMERICAN TIETEK LLC, Getzner Werkstoffe GmbH, Yinlong, CRM, Vollert
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Crosstie Market Report Segments:
The global Crosstie market is segmented on the basis of:
Types
Concrete, Composites
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
High Spped Railway, CRV, Subway, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vollert
- AMERICAN TIETEK LLC
- Getzner Werkstoffe GmbH
- Yinlong
- CRM
- Vollert
Highlights of The Crosstie Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Concrete
- Composites
- By Application:
- High Spped Railway
- CRV
- Subway
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Crosstie Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Crosstie is a type of connector that allows two pieces of electrical equipment to be connected together. Crossties are often used in industrial and commercial settings, where they allow for the easy transfer of power and data between two devices.
Some of the major players in the crosstie market are Vollert, AMERICAN TIETEK LLC, Getzner Werkstoffe GmbH, Yinlong, CRM, Vollert.
The crosstie market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Crosstie Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Crosstie Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Crosstie Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Crosstie Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Crosstie Market Size & Forecast, 2020-2028
4.5.1 Crosstie Market Size and Y-o-Y Growth
4.5.2 Crosstie Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Concrete
5.2.2 Composites
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 High Spped Railway
6.2.2 CRV
6.2.3 Subway
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Crosstie Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Crosstie Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Concrete
9.6.2 Composites
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 High Spped Railway
9.10.2 CRV
9.10.3 Subway
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Concrete
10.6.2 Composites
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 High Spped Railway
10.10.2 CRV
10.10.3 Subway
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Concrete
11.6.2 Composites
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 High Spped Railway
11.10.2 CRV
11.10.3 Subway
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Concrete
12.6.2 Composites
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 High Spped Railway
12.10.2 CRV
12.10.3 Subway
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Concrete
13.6.2 Composites
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 High Spped Railway
13.10.2 CRV
13.10.3 Subway
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Crosstie Market: Competitive Dashboard
14.2 Global Crosstie Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vollert
14.3.2 AMERICAN TIETEK LLC
14.3.3 Getzner Werkstoffe GmbH
14.3.4 Yinlong
14.3.5 CRM
14.3.6 Vollert
