Market Overview:
The global railroad tie market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The concrete ties hold a comparatively larger share in global sales market, which accounts for about 55%. Railroad tie in trains accounted for 61% of the market. Asia Pacific is the fastest growing region with a CAGR of 6%.
Product Definition:
A railroad tie, sleeper, or crosstie (North America) is a large rectangular piece of wood, concrete, or metal that is used to support the rails of a railway track. It is usually placed perpendicular to the rails and between them.
Wooden Tie:
Wooden tie is a wooden post with a metal or plastic coil at either end. It is used to support the rail track in railway tracks. Wooden tie has applications in both new as well as existing rail tracks and can be used for various types of rail track such as ballasted, perforated, and solid wood ties.
Concrete Tie:
Concrete tie is a cast iron product manufactured in the form of a complete round bar with an area of 0.75 to 1.5 square meters and length of 7 to 20 feet. Concrete tie is used for the support and restraint of heavy loads such as railroad flatcars, container wagons, tractors & other machinery on account of their high strength and low cost compared to steel products.
Application Insights:
The train application segment accounted for the largest share in 2017. The growth of this segment is attributed to increasing demand for passenger trains and high speed rail networks across various regions. For instance, China has invested heavily in railway infrastructure development which includes construction of new high-speed railways and conventional railways at a domestic level as well as an international level. This investment is expected to increase over the coming years thus driving the market growth during that period.
Subway tie market was valued at USD 1,000 million in 2017 owing to its extensive use in building tunnels and stations along with other applications such as bridges & viaducts, grade separators & collectors etcetera on account of properties such as load-bearing capacity, corrosion resistance and durability among others Tie types used for these applications include concrete ties (rectangular cross sectional), steel ties (round cross sectional)and wooden ties (round or square cross sectional).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in infrastructure development and rapid industrialization and urbanization in developing countries such as China, India, Indonesia, Thailand, Vietnam among others. In addition, rising demand for high-quality construction materials from developed economies of Asia Pacific is anticipated to propel industry growth over the coming years.
The Middle East & Africa region accounted for a significant share owing to increasing government spending on improving transportation network across countries including Saudi Arabia among others. Moreover, growing number of projects related with railways expansion are likely to support industry growth over the next eight years.
Growth Factors:
- Increasing demand from the construction sector for railway tracks and bridges
- Growing investments in railway infrastructure by governments across the globe
- Rising demand for railroad ties from the mining and energy sectors
- Proliferation of high-speed railways networks in developed and developing countries alike
- Technological advancements that have led to increased efficiency and durability of railroad ties
Scope Of The Report
Report Attributes
Report Details
Report Title
Railroad Tie Market Research Report
By Type
Wooden Tie, Concrete Tie, Other, , The concrete ties hold a comparatively larger share in global sales market, which accounts for about 55%.
By Application
Train, Subway, Other, , Railroad tie in trains accounted for 61% of the market.
By Companies
Stella-Jones, Koppers, Vossloh, China Railway Material Sleeper of Pingdingshan, Abetong, L.B. Foster, Kirchdorfer Group, Shandong High Speed Rail Equipment Material, Weihai Ruihe Railway Sleeper, Hengchang Railroad Sleeper, Aveng Infraset, Patil Group, The Indian Hume Pipe, Kunming Railway Sleeper, Schwihag
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Railroad Tie Market Report Segments:
The global Railroad Tie market is segmented on the basis of:
Types
Wooden Tie, Concrete Tie, Other, , The concrete ties hold a comparatively larger share in global sales market, which accounts for about 55%.
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, , Railroad tie in trains accounted for 61% of the market.
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:
- Stella-Jones
- Koppers
- Vossloh
- China Railway Material Sleeper of Pingdingshan
- Abetong
- L.B. Foster
- Kirchdorfer Group
- Shandong High Speed Rail Equipment Material
- Weihai Ruihe Railway Sleeper
- Hengchang Railroad Sleeper
- Aveng Infraset
- Patil Group
- The Indian Hume Pipe
- Kunming Railway Sleeper
- Schwihag
Highlights of The Railroad 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
- Other
- The concrete ties hold a comparatively larger share in global sales market, which accounts for about 55%.
- By Application:
- Train
- Subway
- Other
- Railroad tie in trains accounted for 61% of the market.
- 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 Railroad 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.
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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?
Railroad tie is a type of structural lumber made from railroad ties.
Some of the major companies in the railroad tie market are Stella-Jones, Koppers, Vossloh, China Railway Material Sleeper of Pingdingshan, Abetong, L.B. Foster, Kirchdorfer Group, Shandong High Speed Rail Equipment Material, Weihai Ruihe Railway Sleeper, Hengchang Railroad Sleeper, Aveng Infraset, Patil Group, The Indian Hume Pipe, Kunming Railway Sleeper, Schwihag.
The railroad tie market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Railroad Tie 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. Railroad Tie Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Railroad Tie Market - Supply Chain
4.5. Global Railroad Tie Market Forecast
4.5.1. Railroad Tie Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Railroad Tie Market Size (000 Units) and Y-o-Y Growth
4.5.3. Railroad Tie Market Absolute $ Opportunity
5. Global Railroad Tie 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. Railroad Tie Market Size and Volume Forecast by Type
5.3.1. Wooden Tie
5.3.2. Concrete Tie
5.3.3. Other
5.3.5. The concrete ties hold a comparatively larger share in global sales market, which accounts for about 55%.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Railroad Tie 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. Railroad Tie Market Size and Volume Forecast by Application
6.3.1. Train
6.3.2. Subway
6.3.3. Other
6.3.5. Railroad tie in trains accounted for 61% of the market.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Railroad Tie 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. Railroad Tie 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 Railroad Tie 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. Railroad Tie 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 Railroad Tie Demand Share Forecast, 2019-2026
9. North America Railroad Tie 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 Railroad Tie 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 Railroad Tie Market Size and Volume Forecast by Application
9.4.1. Train
9.4.2. Subway
9.4.3. Other
9.4.5. Railroad tie in trains accounted for 61% of the market.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Railroad Tie Market Size and Volume Forecast by Type
9.7.1. Wooden Tie
9.7.2. Concrete Tie
9.7.3. Other
9.7.5. The concrete ties hold a comparatively larger share in global sales market, which accounts for about 55%.
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 Railroad Tie Demand Share Forecast, 2019-2026
10. Latin America Railroad Tie 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 Railroad Tie 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 Railroad Tie Market Size and Volume Forecast by Application
10.4.1. Train
10.4.2. Subway
10.4.3. Other
10.4.5. Railroad tie in trains accounted for 61% of the market.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Railroad Tie Market Size and Volume Forecast by Type
10.7.1. Wooden Tie
10.7.2. Concrete Tie
10.7.3. Other
10.7.5. The concrete ties hold a comparatively larger share in global sales market, which accounts for about 55%.
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 Railroad Tie Demand Share Forecast, 2019-2026
11. Europe Railroad Tie 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 Railroad Tie 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 Railroad Tie Market Size and Volume Forecast by Application
11.4.1. Train
11.4.2. Subway
11.4.3. Other
11.4.5. Railroad tie in trains accounted for 61% of the market.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Railroad Tie Market Size and Volume Forecast by Type
11.7.1. Wooden Tie
11.7.2. Concrete Tie
11.7.3. Other
11.7.5. The concrete ties hold a comparatively larger share in global sales market, which accounts for about 55%.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
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 Railroad Tie Demand Share, 2019-2026
12. Asia Pacific Railroad Tie 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 Railroad Tie 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 Railroad Tie Market Size and Volume Forecast by Application
12.4.1. Train
12.4.2. Subway
12.4.3. Other
12.4.5. Railroad tie in trains accounted for 61% of the market.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Railroad Tie Market Size and Volume Forecast by Type
12.7.1. Wooden Tie
12.7.2. Concrete Tie
12.7.3. Other
12.7.5. The concrete ties hold a comparatively larger share in global sales market, which accounts for about 55%.
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 Railroad Tie Demand Share, 2019-2026
13. Middle East & Africa Railroad Tie 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 Railroad Tie 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 Railroad Tie Market Size and Volume Forecast by Application
13.4.1. Train
13.4.2. Subway
13.4.3. Other
13.4.5. Railroad tie in trains accounted for 61% of the market.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Railroad Tie Market Size and Volume Forecast by Type
13.7.1. Wooden Tie
13.7.2. Concrete Tie
13.7.3. Other
13.7.5. The concrete ties hold a comparatively larger share in global sales market, which accounts for about 55%.
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 Railroad Tie Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Railroad Tie Market: Market Share Analysis
14.2. Railroad Tie Distributors and Customers
14.3. Railroad Tie Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stella-Jones
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Koppers
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vossloh
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. China Railway Material Sleeper of Pingdingshan
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Abetong
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. L.B. Foster
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kirchdorfer Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shandong High Speed Rail Equipment Material
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Weihai Ruihe Railway Sleeper
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hengchang Railroad Sleeper
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Aveng Infraset
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Patil 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. The Indian Hume Pipe
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kunming Railway Sleeper
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Schwihag
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
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
