Market Overview:
The global railway rail market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the railway rail market can be attributed to the increasing demand for transportation, especially in developing countries. Additionally, the development of high-speed and metro railways is also contributing to the growth of this market. The global railway rail market can be segmented by type, application, and region. By type, the market can be divided into heavy rail and light rail.
Product Definition:
Railroad track, railway track, or railway is thetrack consisting of sleepers, fasteners, railroad ties (or "sleepers"),and ballast supporting a railroad superstructure such as a bridge abutment or a trestle. It enables trains to move uniformly along the track.
Heavy Rail:
Heavy rail, also known as high-speed rail or super-high speed rail is a type of railway that operates at speeds greater than 200 km/h. The term usually refers to standard gauge railways but can also be applied to broad gauge and narrow gauge railways. Heavy rails are used where the route is long, and the trains need to travel at higher speeds on single track in comparison with other modes of transport such as roads or airlines.
Light Rail:
Light rail or metro is a type of railway system that provides public transportation with limited-to-zero ground transportation. The majority of the systems are powered by electricity, but many countries also use diesel or steam power. Light rail systems have lower operating costs than other forms of mass transit and, in many cases, offer faster service as well.
The global light rail market size was valued at USD 56,10 billion in 2018.
Application Insights:
The conventional rail application segment accounted for the largest revenue share of over 60.0% in 2017 and is projected to witness significant growth over the forecast period. The segment includes railways that operate on conventional track gauge, i.e., 1,435 mm wide track with single or double rails.
High-speed rail is a type of railway that travels at speeds higher than regular railways and uses specially designed high-speed trains (HST). HST operates at speeds up to 300 km/h on dedicated high-speed tracks, commonly known as Shinkansen tracks in Japan and China, respectively. Various countries are developing their high- speed rail systems; for instance, France plans to build a new network of High Speed Rail (Ligne à Grande Vitesse or LGV) covering 16 thousand kilometers by 2026 with the investment worth around USD 400 billion by 2030¢â‚¬â€œ40%.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60% in 2017. This is attributed to increasing government spending on infrastructure and rising demand for rapid transport systems. The growing population along with rising urbanization across the region has led to an increase in passenger traffic, which is expected to boost rail growth over the forecast period.
Europe was estimated as the second-largest regional segment by revenue and accounted for 20% of total industry share in 2017 owing to high demand from countries such as Germany, France, Italy, Spain among others that are characterized by heavy investments made by governments towards improving their railway infrastructure. Moreover, these countries have metro rail systems that are expanding at a fast pace due to increasing passenger traffic generated by rapid urbanization taking place thereon; this factor is also likely drive industry expansion over next eight years or so.
Growth Factors:
- Increasing urbanization: The global population is increasingly moving to cities, and this is particularly true in developing countries. This creates a need for better transportation infrastructure, including railways, to move people and goods around quickly and efficiently.
- Economic growth: As economies grow, there is an increased demand for goods and services. This leads to more freight traffic on railways as businesses look for ways to transport their products quickly and cheaply.
- Environmental concerns: As the world becomes increasingly aware of the dangers of climate change, there is a growing demand for sustainable forms of transportation such as railways. Railways are seen as being more environmentally friendly than other forms of transportation such as cars or planes because they emit less CO2 per passenger kilometer traveled .
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Rail Market Research Report
By Type
Heavy Rail, Light Rail
By Application
Conventional Rail, High-speed Rail, Metro Rail, Other
By Companies
EVRAZ, ArcelorMittal, Tata Steel, NSSMC, Voestalpine, SAIL, JFE Steel, Mechel, ThyssenKrupp, Atlantic Track, EVRAZ, Getzner Werkstoffe, Harmer Steel, RailOne, Ansteel, BaoTou Steel, Hesteel
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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Railway Rail Market Report Segments:
The global Railway Rail 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
Conventional Rail, High-speed Rail, Metro Rail, Other
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:
- EVRAZ
- ArcelorMittal
- Tata Steel
- NSSMC
- Voestalpine
- SAIL
- JFE Steel
- Mechel
- ThyssenKrupp
- Atlantic Track
- EVRAZ
- Getzner Werkstoffe
- Harmer Steel
- RailOne
- Ansteel
- BaoTou Steel
- Hesteel
Highlights of The Railway Rail 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:
- Conventional Rail
- High-speed Rail
- Metro Rail
- Other
- 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 Railway Rail 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?
Railway rail is a metal bar that runs along the inside of railway tracks. It supports the weight of trains and helps them move smoothly along the track.
Some of the key players operating in the railway rail market are EVRAZ, ArcelorMittal, Tata Steel, NSSMC, Voestalpine, SAIL, JFE Steel, Mechel, ThyssenKrupp, Atlantic Track, EVRAZ, Getzner Werkstoffe, Harmer Steel, RailOne, Ansteel, BaoTou Steel, Hesteel.
The railway rail 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 Railway Rail 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 Railway Rail Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Rail 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 Railway Rail 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 Railway Rail Market Size & Forecast, 2018-2028
4.5.1 Railway Rail Market Size and Y-o-Y Growth
4.5.2 Railway Rail Market Absolute $ Opportunity
Chapter 5 Global Railway Rail 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 Railway Rail 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 Railway Rail 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 Railway Rail Market Size Forecast by Applications
6.2.1 Conventional Rail
6.2.2 High-speed Rail
6.2.3 Metro Rail
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Rail 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 Railway Rail 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 Railway Rail Analysis and Forecast
9.1 Introduction
9.2 North America Railway Rail 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 Railway Rail 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 Railway Rail Market Size Forecast by Applications
9.10.1 Conventional Rail
9.10.2 High-speed Rail
9.10.3 Metro Rail
9.10.4 Other
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 Railway Rail Analysis and Forecast
10.1 Introduction
10.2 Europe Railway Rail 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 Railway Rail 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 Railway Rail Market Size Forecast by Applications
10.10.1 Conventional Rail
10.10.2 High-speed Rail
10.10.3 Metro Rail
10.10.4 Other
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 Railway Rail Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Railway Rail 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 Railway Rail 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 Railway Rail Market Size Forecast by Applications
11.10.1 Conventional Rail
11.10.2 High-speed Rail
11.10.3 Metro Rail
11.10.4 Other
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 Railway Rail Analysis and Forecast
12.1 Introduction
12.2 Latin America Railway Rail 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 Railway Rail 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 Railway Rail Market Size Forecast by Applications
12.10.1 Conventional Rail
12.10.2 High-speed Rail
12.10.3 Metro Rail
12.10.4 Other
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) Railway Rail Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Railway Rail 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) Railway Rail 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) Railway Rail Market Size Forecast by Applications
13.10.1 Conventional Rail
13.10.2 High-speed Rail
13.10.3 Metro Rail
13.10.4 Other
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 Railway Rail Market: Competitive Dashboard
14.2 Global Railway Rail Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EVRAZ
14.3.2 ArcelorMittal
14.3.3 Tata Steel
14.3.4 NSSMC
14.3.5 Voestalpine
14.3.6 SAIL
14.3.7 JFE Steel
14.3.8 Mechel
14.3.9 ThyssenKrupp
14.3.10 Atlantic Track
14.3.11 EVRAZ
14.3.12 Getzner Werkstoffe
14.3.13 Harmer Steel
14.3.14 RailOne
14.3.15 Ansteel
14.3.16 BaoTou Steel
14.3.17 Hesteel
