Market Overview:
The global railway tie market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the railway tie market can be attributed to the increasing demand for transportation and rising investments in rail infrastructure projects across the globe. The wooden tie segment is expected to dominate the global railway tie market during the forecast period, owing to its low cost and easy installation as compared to other types of ties such as concrete and steel ties. Asia Pacific is expected to be the fastest-growing region in terms of revenue during the forecast period, followed by Europe.
Product Definition:
A railway tie, sleeper, or crosstie (American English) is a large rectangular piece of timber that is used to support the rails of a railway track. Railway ties are traditionally made from treated timber, but may also be made from recycled plastic or concrete.
Wooden Tie:
Wooden tie is a product that is used in railway track construction for the support of sleepers and rails. It has high durability, tensile strength, and impact resistance properties. Wooden tie also provides thermal insulation to the rail track during winters.
The global wooden tie market size was valued at USD 548 million in 2015.
Concrete Tie:
Concrete tie is a cast iron or steel post, into which a heavy rail is driven. The concrete post serves as the base for the rail track and also provides stability to the structure. These posts are used in railway tracks for supporting sleepers, rails, ballast, and also any other support equipment such as crossbucks or bridge rails.
The global market size of concrete tie and it's usage in railway tie market was valued at USD 3.6 billion in 2016.
Application Insights:
The train application segment accounted for the largest revenue share of over 60% in 2017. The railway tie market is witnessing significant growth owing to its extensive use in the construction of railways. Railway ties are used to connect rail tracks and support heavy load trains on time.
The other applications segment includes roads, bridges, marine and others such as building & construction industry which also uses railway ties extensively for their projects. Building & construction industry is one of the major end-users driving demand from various regions including Asia Pacific and Middle East & Africa where building infrastructure plays a crucial role in enhancing economies growth potentials thereby fueling demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global railway 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 activities coupled with rising government spending on passenger rail services. China, India, Japan, and South Korea are some of the major countries that are likely to contribute towards regional growth.
The demand for railway ties in Europe is anticipated to grow at an estimated CAGR of XX% from 2018 to 2030 owing high consumption associated with new construction projects such as High-Speed Rail (HSR) networks along with other upgrades & expansions across existing railroads and bridges across various countries including Germany, France, Italy etc., thereby propelling product demand over the forecast period. In addition, growing investments by governments for improving public transportation system will also drive industry expansion over next eight years.
Growth Factors:
- Increasing demand for railway transportation services across the globe
- Growing investments in railway infrastructure projects
- Proliferation of high-speed railways networks worldwide
- Rising demand for recycled railway ties from construction and infrastructure industries
- Technological advancements in production processes of railway ties
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Tie Market Research Report
By Type
Wooden Tie, Concrete Tie, Steel Tie, Other
By Application
Train, Subway, Other
By Companies
Koppers, L.B. Foster, Stella-Jones, TieTek, Vossloh, Koppers
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Railway Tie Market Report Segments:
The global Railway Tie market is segmented on the basis of:
Types
Wooden Tie, Concrete Tie, Steel Tie, Other
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
Train, Subway, 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:
- Koppers
- L.B. Foster
- Stella-Jones
- TieTek
- Vossloh
- Koppers
Highlights of The Railway Tie 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:
- Wooden Tie
- Concrete Tie
- Steel Tie
- Other
- By Application:
- Train
- Subway
- 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 Tie 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
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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?
Railway tie is a type of construction material made from a series of thin, flat strips of metal or plastic that are joined together to form a long, continuous piece. The strips are usually about 1 inch wide and 12 inches long, but can be shorter or longer depending on the application. They are often used as an adhesive to attach other materials together, such as bricks or concrete.
Some of the major companies in the railway tie market are Koppers, L.B. Foster, Stella-Jones, TieTek, Vossloh, Koppers.
The railway tie 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 Tie 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 Tie Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Tie 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 Tie 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 Tie Market Size & Forecast, 2018-2028
4.5.1 Railway Tie Market Size and Y-o-Y Growth
4.5.2 Railway Tie Market Absolute $ Opportunity
Chapter 5 Global Railway Tie 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 Tie Market Size Forecast by Type
5.2.1 Wooden Tie
5.2.2 Concrete Tie
5.2.3 Steel Tie
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Railway Tie 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 Tie Market Size Forecast by Applications
6.2.1 Train
6.2.2 Subway
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Tie 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 Tie 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 Tie Analysis and Forecast
9.1 Introduction
9.2 North America Railway Tie 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 Tie Market Size Forecast by Type
9.6.1 Wooden Tie
9.6.2 Concrete Tie
9.6.3 Steel Tie
9.6.4 Other
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 Tie Market Size Forecast by Applications
9.10.1 Train
9.10.2 Subway
9.10.3 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 Tie Analysis and Forecast
10.1 Introduction
10.2 Europe Railway Tie 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 Tie Market Size Forecast by Type
10.6.1 Wooden Tie
10.6.2 Concrete Tie
10.6.3 Steel Tie
10.6.4 Other
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 Tie Market Size Forecast by Applications
10.10.1 Train
10.10.2 Subway
10.10.3 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 Tie Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Railway Tie 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 Tie Market Size Forecast by Type
11.6.1 Wooden Tie
11.6.2 Concrete Tie
11.6.3 Steel Tie
11.6.4 Other
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 Tie Market Size Forecast by Applications
11.10.1 Train
11.10.2 Subway
11.10.3 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 Tie Analysis and Forecast
12.1 Introduction
12.2 Latin America Railway Tie 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 Tie Market Size Forecast by Type
12.6.1 Wooden Tie
12.6.2 Concrete Tie
12.6.3 Steel Tie
12.6.4 Other
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 Tie Market Size Forecast by Applications
12.10.1 Train
12.10.2 Subway
12.10.3 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 Tie Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Railway Tie 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 Tie Market Size Forecast by Type
13.6.1 Wooden Tie
13.6.2 Concrete Tie
13.6.3 Steel Tie
13.6.4 Other
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 Tie Market Size Forecast by Applications
13.10.1 Train
13.10.2 Subway
13.10.3 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 Tie Market: Competitive Dashboard
14.2 Global Railway Tie 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 Stella-Jones
14.3.4 TieTek
14.3.5 Vossloh
14.3.6 Koppers
