Market Overview:
The global rail steel market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the global rail steel market can be attributed to the increasing demand for railway transit and engineering & construction applications. Asia Pacific is expected to be the fastest-growing region in the global rail steel market during the forecast period.
Product Definition:
Rail steel is a type of steel that is used to make railroad tracks. It is stronger and more durable than other types of steel, which makes it ideal for this purpose. Rail steel is also less likely to corrode, which helps keep the tracks in good condition.
Heavy Rail:
Heavy rail, also known as rail steel is a type of railway track structure. It is used to support the weight of passenger and freight trains. The growth factor in the market for heavy rail can be attributed to factors such as increasing demand from emerging economies like India and China, growing urbanization along with an increase in government initiatives for infrastructure development.
The global heavy rail market was valued at USD 56,867 million in 2016.
Light Rail:
Light rail is a form of rail transport that operates on tracks with lower loading gauge than intercity or commuter railways. The most common light rail types are trams, trolleybuses, and metros. Tram is the name given to any type of railway vehicle used for public transportation; it can be powered by electricity, diesel or even compressed natural gas (CNG).
Application Insights:
The railway transit application segment accounted for the largest revenue share of over 40% in 2017. The segment is expected to witness significant growth on account of increasing passenger traffic and urbanization in developing countries including China, India, Brazil and so on. In addition, favorable government policies for development and expansion of rail transit systems are anticipated to further fuel the demand over the forecast period.
Engineering & construction was the second largest application accounting for a share of 29% in 2017 owing to rising demand from this sector which includes bridges, tunnels etc. For instance; tunnel boring machine (TBM) services are required between two or more stations along with other constructions such as metro tunnels or light-rail transit (LRT) tunnels depending upon their complexity which requires steel rails with embedded diamonds at regular intervals during its construction phase leading to an increased requirement for GRSteel across various applications globally.
Regional Analysis:
Asia Pacific dominated the global rail steel 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 rising industrialization and urbanization in emerging economies such as India, China, Indonesia, Vietnam, Thailand among others.
The Asia Pacific regional market was valued at USD X billion in 2017.
Europe accounted for 24% share of total revenue in 2017 owing to high product penetration especially on account of well-established railway network across major countries such as Germany, France among others which forms a key part of logistics network supporting manufacturing sector throughout Europe thereby boosting product demand over the forecast period.
Growth Factors:
- Increasing demand from the construction and infrastructure sectors
- Rising demand for rail steel in developing countries
- Growing use of rail steel in electric vehicles and hybrid vehicles
- Technological advancements that have led to the development of lighter and stronger rail steels
- Stringent government regulations on emissions from transportation sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Steel Market Research Report
By Type
Heavy Rail, Light Rail
By Application
Railway Transit, Engineering & Construction
By Companies
Ansteel, EVRAZ, BaoTou Steel, ArcelorMittal, Tata Steel, SAIL, Wuhan Iron and Steel, NSSMC, Voestalpine, JSPL, Mechel, ThyssenKrupp, JFE Steel, OneSteel, Hesteel Group, Getzner Werkstoffe, Atlantic Track, Harmer Steel, RailOne
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
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Rail Steel Market Report Segments:
The global Rail Steel market is segmented on the basis of:
Types
Heavy Rail, Light Rail
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
Railway Transit, Engineering & Construction
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:
- Ansteel
- EVRAZ
- BaoTou Steel
- ArcelorMittal
- Tata Steel
- SAIL
- Wuhan Iron and Steel
- NSSMC
- Voestalpine
- JSPL
- Mechel
- ThyssenKrupp
- JFE Steel
- OneSteel
- Hesteel Group
- Getzner Werkstoffe
- Atlantic Track
- Harmer Steel
- RailOne
Highlights of The Rail Steel 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:
- Heavy Rail
- Light Rail
- By Application:
- Railway Transit
- Engineering & Construction
- 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 Steel 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
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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 steel is a type of steel that is used in the construction of railroad tracks. It has a higher strength and durability than other types of steel, which makes it ideal for use in rail infrastructure.
Some of the key players operating in the rail steel market are Ansteel, EVRAZ, BaoTou Steel, ArcelorMittal, Tata Steel, SAIL, Wuhan Iron and Steel, NSSMC, Voestalpine, JSPL, Mechel, ThyssenKrupp, JFE Steel, OneSteel, Hesteel Group, Getzner Werkstoffe, Atlantic Track, Harmer Steel, RailOne.
The rail steel 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 Steel 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 Steel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Rail Steel 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 Steel 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 Steel Market Size & Forecast, 2020-2028 4.5.1 Rail Steel Market Size and Y-o-Y Growth 4.5.2 Rail Steel 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 Heavy Rail
5.2.2 Light Rail
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 Railway Transit
6.2.2 Engineering & Construction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rail Steel 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 Steel 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 Heavy Rail
9.6.2 Light Rail
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 Railway Transit
9.10.2 Engineering & Construction
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 Heavy Rail
10.6.2 Light Rail
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 Railway Transit
10.10.2 Engineering & Construction
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 Heavy Rail
11.6.2 Light Rail
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 Railway Transit
11.10.2 Engineering & Construction
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 Heavy Rail
12.6.2 Light Rail
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 Railway Transit
12.10.2 Engineering & Construction
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 Heavy Rail
13.6.2 Light Rail
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 Railway Transit
13.10.2 Engineering & Construction
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 Steel Market: Competitive Dashboard
14.2 Global Rail Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ansteel
14.3.2 EVRAZ
14.3.3 BaoTou Steel
14.3.4 ArcelorMittal
14.3.5 Tata Steel
14.3.6 SAIL
14.3.7 Wuhan Iron and Steel
14.3.8 NSSMC
14.3.9 Voestalpine
14.3.10 JSPL
14.3.11 Mechel
14.3.12 ThyssenKrupp
14.3.13 JFE Steel
14.3.14 OneSteel
14.3.15 Hesteel Group
14.3.16 Getzner Werkstoffe
14.3.17 Atlantic Track
14.3.18 Harmer Steel
14.3.19 RailOne