Market Overview:
The global rail fastening system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for railway transportation across the globe and rising investments in railway infrastructure projects. The global rail fastening system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into rail spike series, track bolt series, rail clip series, and others. The track bolt series segment is expected to grow at a CAGR of 6% from 2018 to 2030 due to its growing demand for high-speed railways across the globe. On the basis of application,the market is divided into rail tracks, track equipment,, mechanical switching systems,, and others). The Rail Tracks segment accounted for majority share (64%)of th eglobal ra il fa sten ing sy stem ma rke t i n 2 018 an d i s ex pected t o gr ow at a CA GR o f 5 .7 % fr om 2 018 t o 20 28 .
Product Definition:
Rail Fastening System is the system of fasteners used to secure a rail to its supporting sleeper. It is important for the safe and efficient operation of a railway.
Rail Spike Series:
Rail spike series is a group of long, thin pieces of metal used to secure rail track in place. They are most commonly made from steel and other alloys but can also be manufactured from materials such as titanium, aluminum & carbon fiber. The series includes various types such as single, double or triple-sided rail spike depending upon the application needs.
The global rail fastening system market size was valued at USD 6.5 billion in 2016.
Track Bolt series:
Track bolts are used in rail fastening system to connect the rail to the support structure. They are also known as tie bolts or stakebolts depending upon their form.
Type 1: Non-threaded, circular head with flanges that engage into slots in rails or other parts;.
Type 2: Threaded, rectangular head with a nut that is tightened against a shoulder on the rail;.
Application Insights:
The mechanical switching systems segment dominated the global rail fastening system market in 2017. This can be attributed to increasing demand for high-performance products from various industries including automotive and construction. Rail clips, track bolts, rail spikes and track link are some of the products used in railway switchyards. The rising need for durable mechanical equipment coupled with a growing network of railways across the globe is expected to drive demand over the forecast period.
The others segment includes applications such as bridges & viaducts and tunnels & undergrounds segments where clips or bolts are used to fix together two or more rails that cross each other at an angle on a bridge or viaduct thus preventing any movement along with providing stability to these structures thereby ensuring safe travel on railway tracks below them over long distances owing to their durability and strength properties.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The growth is attributed to increasing investments and favorable government initiatives for high-speed rail projects. For instance, High-Speed Rail Europe (HSSE) is a European rail infrastructure development agency that promotes, develops, and facilitates high-speed railway projects across Europe. HSSE was established as an outcome of the EU’s Horizon 2020 research & innovation program with a mandate to develop new ideas for sustainable railways across Europe by 2050.
Asia Pacific regional market is expected to witness significant growth over the forecast period owing to rising demand from countries such as China.
Growth Factors:
- Increasing demand for rail transportation: The increasing population and the consequent increase in the number of vehicles is leading to an increase in the demand for rail transportation. This is driving the growth of the Rail Fastening System market.
- Government initiatives for development of railways: Governments across different countries are investing in railway infrastructure development projects, which is driving the growth of the Rail Fastening System market.
- Technological advancements: The introduction of new technologies such as smart fastening systems is aiding in improving safety and efficiency while reducing costs, thus propelling the growth of this market.
- Rising awareness about safety measures: There has been a rise in awareness among people about safety measures while travelling by trains, which is resulting in an increased adoption rate of rail fastening systems, thereby fuelling its growth prospects globally. 5) Growing urbanization and industrialization: The rapid expansion of cities due to growing urbanization and industrialization is leading to an increase in transport needs, thereby boosting demand for railways and subsequently propellinggrowth prospectsforRailFasteningSystemsmarket
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Fastening System Market Research Report
By Type
Rail Spike Series, Track Bolt series, Rail Clip series, Others
By Application
Rail Tracks, Track Equipment, Mechanical Switching Systems, Others
By Companies
L.B. Foster Company, Lewis Bolt and Nut Company, Pandrol, Schwihag, Amsted Rail Company, Suzhou HuiBo Railway Fastener, Taicang Zhongbo Railway Fastening, Vossloh, United Industrial, AandK Railroad Materials, Kunshan Alex Railway Fastening, AGICO Group, Maanshan King Rail Parts, Shanghai Suyu Railway Fastener (SUYU), Shanghai Honge Fastener Industry, Suzhou Jinstar Railway Materials
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Rail Fastening System Market Report Segments:
The global Rail Fastening System market is segmented on the basis of:
Types
Rail Spike Series, Track Bolt series, Rail Clip series, Others
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
Rail Tracks, Track Equipment, Mechanical Switching Systems, 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:
- L.B. Foster Company
- Lewis Bolt and Nut Company
- Pandrol
- Schwihag
- Amsted Rail Company
- Suzhou HuiBo Railway Fastener
- Taicang Zhongbo Railway Fastening
- Vossloh
- United Industrial
- AandK Railroad Materials
- Kunshan Alex Railway Fastening
- AGICO Group
- Maanshan King Rail Parts
- Shanghai Suyu Railway Fastener (SUYU)
- Shanghai Honge Fastener Industry
- Suzhou Jinstar Railway Materials
Highlights of The Rail Fastening System 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:
- Rail Spike Series
- Track Bolt series
- Rail Clip series
- Others
- By Application:
- Rail Tracks
- Track Equipment
- Mechanical Switching Systems
- 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 Rail Fastening System 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.
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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 fastening system is a type of fastening system that uses screws, nails, or adhesives to attach railings and other components together.
Some of the major players in the rail fastening system market are L.B. Foster Company, Lewis Bolt and Nut Company, Pandrol, Schwihag, Amsted Rail Company, Suzhou HuiBo Railway Fastener, Taicang Zhongbo Railway Fastening, Vossloh, United Industrial, AandK Railroad Materials, Kunshan Alex Railway Fastening, AGICO Group, Maanshan King Rail Parts, Shanghai Suyu Railway Fastener (SUYU), Shanghai Honge Fastener Industry, Suzhou Jinstar Railway Materials.
The rail fastening system market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rail Fastening System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rail Fastening System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rail Fastening System Market - Supply Chain
4.5. Global Rail Fastening System Market Forecast
4.5.1. Rail Fastening System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rail Fastening System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rail Fastening System Market Absolute $ Opportunity
5. Global Rail Fastening System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Rail Fastening System Market Size and Volume Forecast by Type
5.3.1. Rail Spike Series
5.3.2. Track Bolt series
5.3.3. Rail Clip series
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rail Fastening System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Rail Fastening System Market Size and Volume Forecast by Application
6.3.1. Rail Tracks
6.3.2. Track Equipment
6.3.3. Mechanical Switching Systems
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rail Fastening System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Rail Fastening System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Rail Fastening System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Rail Fastening System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Rail Fastening System Demand Share Forecast, 2019-2026
9. North America Rail Fastening System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Rail Fastening System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Rail Fastening System Market Size and Volume Forecast by Application
9.4.1. Rail Tracks
9.4.2. Track Equipment
9.4.3. Mechanical Switching Systems
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rail Fastening System Market Size and Volume Forecast by Type
9.7.1. Rail Spike Series
9.7.2. Track Bolt series
9.7.3. Rail Clip series
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Rail Fastening System Demand Share Forecast, 2019-2026
10. Latin America Rail Fastening System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Rail Fastening System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Rail Fastening System Market Size and Volume Forecast by Application
10.4.1. Rail Tracks
10.4.2. Track Equipment
10.4.3. Mechanical Switching Systems
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rail Fastening System Market Size and Volume Forecast by Type
10.7.1. Rail Spike Series
10.7.2. Track Bolt series
10.7.3. Rail Clip series
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Rail Fastening System Demand Share Forecast, 2019-2026
11. Europe Rail Fastening System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Rail Fastening System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Rail Fastening System Market Size and Volume Forecast by Application
11.4.1. Rail Tracks
11.4.2. Track Equipment
11.4.3. Mechanical Switching Systems
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rail Fastening System Market Size and Volume Forecast by Type
11.7.1. Rail Spike Series
11.7.2. Track Bolt series
11.7.3. Rail Clip series
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by ype
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rail Fastening System Demand Share, 2019-2026
12. Asia Pacific Rail Fastening System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Rail Fastening System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Rail Fastening System Market Size and Volume Forecast by Application
12.4.1. Rail Tracks
12.4.2. Track Equipment
12.4.3. Mechanical Switching Systems
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rail Fastening System Market Size and Volume Forecast by Type
12.7.1. Rail Spike Series
12.7.2. Track Bolt series
12.7.3. Rail Clip series
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Rail Fastening System Demand Share, 2019-2026
13. Middle East & Africa Rail Fastening System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Rail Fastening System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Rail Fastening System Market Size and Volume Forecast by Application
13.4.1. Rail Tracks
13.4.2. Track Equipment
13.4.3. Mechanical Switching Systems
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rail Fastening System Market Size and Volume Forecast by Type
13.7.1. Rail Spike Series
13.7.2. Track Bolt series
13.7.3. Rail Clip series
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Rail Fastening System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rail Fastening System Market: Market Share Analysis
14.2. Rail Fastening System Distributors and Customers
14.3. Rail Fastening System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. L.B. Foster Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lewis Bolt and Nut Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Pandrol
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schwihag
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Amsted Rail Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Suzhou HuiBo Railway Fastener
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Taicang Zhongbo Railway Fastening
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Vossloh
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. United Industrial
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AandK Railroad Materials
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kunshan Alex Railway Fastening
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. AGICO Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Maanshan King Rail Parts
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shanghai Suyu Railway Fastener (SUYU)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Shanghai Honge Fastener Industry
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Suzhou Jinstar Railway Materials
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook