Market Overview:
The global rail joints market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for railway transportation across the globe. The market is segmented by type, application, and region. By type, the market is divided into standard rail joints, compromise rail joints, and insulated rail joints. Standard rail joint dominates the global Rail Joints Market with a share of more than 60%. Compromise Rail Joints are expected to grow at a highest CAGR during the forecast period owing to its advantages over standard rails joint such as low installation cost and easy replacement process. By application, conventional railways held majority of share in 2017 and it is projected that this trend would continue during forecast period as well due To increase in number of passenger & freight traffic globally .High-speed railways are growing rapidly across different parts of world owing To increase in demand for high-speed connectivity among people .
Product Definition:
A rail joint is a construction feature of railway tracks, used to connect two lengths of track. Rail joints are usually located near the ends of a section of track, where the rails are most likely to move independently. The traditional form of rail joint is the fishplate joint, which uses metal plates (fishplates) bolted onto each rail to hold them together.
Standard Rail Joints:
The standard rail joints are manufactured using high strength steel and are designed to provide resistance to the most extreme loading and torque. These joints offer a longer working life, better load transfer ability, reduced maintenance requirements as well as they have lower energy consumption.
Compromise Rail Joints:
Compromise rail joints are manufactured using a special thermoplastic elastomer that is resistant to oil, gasoline, and other fuels. This product has high flexibility and low elongation when compared with conventional polyurethane rail joint compounds. The material also exhibits good chemical resistance along with excellent mechanical properties which makes it suitable for use in the automotive industry as well.
Application Insights:
Conventional rail joints dominated the global market in terms of revenue share in 2017. The segment is expected to witness growth at a CAGR of XX% over the forecast period owing to its extensive use for joining railway vehicles together and on-track maintenance activities. Conventional rail joints are used for heavy-haul operations as they provide high strength and stiffness, which reduces vibrations and stress on components resulting in improved reliability of trainsets.
High speed railways are anticipated to witness significant growth over the forecast period due to increasing demand from countries such as China, Japan, Germany and France for construction of new high-speed railways systems. In addition, growing adoption across various industries including automotive manufacturing is expected to boost product demand globally over the coming years.
Regional Analysis:
Europe dominated the global rail joints market in terms of revenue with a share of over 35.0% in 2017. This is attributed to increasing infrastructure activities and heavy investments made by governments for improving the existing conventional rail network across countries such as Germany, France, Italy, Spain and U.K., among others.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising demand from developing economies including China and India for improved passenger services on their existing networks as well as new lines at a lower cost per km with better performance characteristics than diesel-powered trains.
Growth Factors:
- Increasing demand for rail transportation due to growth in global trade and rise in urbanization
- Growing investments in railway infrastructure by governments across the world
- Proliferation of high-speed railways and development of new railway lines and networks
- Rising demand for rail joint replacements and repairs as a result of aging railway infrastructure
- Technological advancements that improve the performance, durability, and life expectancy of rail joints
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Joints Market Research Report
By Type
Standard Rail Joints, Compromise Rail Joints, Insulated Rail Joints
By Application
Conventional Rail, High Speed, Heavy-haul, Urban Transport
By Companies
Koppers, L.B. Foster, Vossloh, Elektro-Thermit, Orgo-Thermit, AGICO Group
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Rail Joints Market Report Segments:
The global Rail Joints market is segmented on the basis of:
Types
Standard Rail Joints, Compromise Rail Joints, Insulated Rail Joints
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
Conventional Rail, High Speed, Heavy-haul, Urban Transport
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:
- Koppers
- L.B. Foster
- Vossloh
- Elektro-Thermit
- Orgo-Thermit
- AGICO Group
Highlights of The Rail Joints 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:
- Standard Rail Joints
- Compromise Rail Joints
- Insulated Rail Joints
- By Application:
- Conventional Rail
- High Speed
- Heavy-haul
- Urban Transport
- 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 Rail Joints 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?
Rail joints are the connections between rail tracks. They allow trains to move along the tracks and connect different parts of a railroad system. Rail joints can be made of metal, plastic, or other materials.
Some of the key players operating in the rail joints market are Koppers, L.B. Foster, Vossloh, Elektro-Thermit, Orgo-Thermit, AGICO Group.
The rail joints market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rail Joints 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 Rail Joints Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rail Joints 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 Rail Joints 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 Rail Joints Market Size & Forecast, 2020-2028
4.5.1 Rail Joints Market Size and Y-o-Y Growth
4.5.2 Rail Joints 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 Standard Rail Joints
5.2.2 Compromise Rail Joints
5.2.3 Insulated Rail Joints
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 Conventional Rail
6.2.2 High Speed
6.2.3 Heavy-haul
6.2.4 Urban Transport
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rail Joints 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 Rail Joints 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 Standard Rail Joints
9.6.2 Compromise Rail Joints
9.6.3 Insulated Rail Joints
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 Conventional Rail
9.10.2 High Speed
9.10.3 Heavy-haul
9.10.4 Urban Transport
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 Standard Rail Joints
10.6.2 Compromise Rail Joints
10.6.3 Insulated Rail Joints
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 Conventional Rail
10.10.2 High Speed
10.10.3 Heavy-haul
10.10.4 Urban Transport
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 Standard Rail Joints
11.6.2 Compromise Rail Joints
11.6.3 Insulated Rail Joints
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 Conventional Rail
11.10.2 High Speed
11.10.3 Heavy-haul
11.10.4 Urban Transport
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 Standard Rail Joints
12.6.2 Compromise Rail Joints
12.6.3 Insulated Rail Joints
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 Conventional Rail
12.10.2 High Speed
12.10.3 Heavy-haul
12.10.4 Urban Transport
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 Standard Rail Joints
13.6.2 Compromise Rail Joints
13.6.3 Insulated Rail Joints
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 Conventional Rail
13.10.2 High Speed
13.10.3 Heavy-haul
13.10.4 Urban Transport
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 Rail Joints Market: Competitive Dashboard
14.2 Global Rail Joints Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Koppers
14.3.2 L.B. Foster
14.3.3 Vossloh
14.3.4 Elektro-Thermit
14.3.5 Orgo-Thermit
14.3.6 AGICO Group
