According to in-depth industry analysis by Persistence Market Research, the global railway sleepers market is estimated to increase at a value CAGR of 5.7% during the forecast period of 2022-2032 to reach a valuation of US$ 19.3 Bn by the end of 2032.
Increasing investments in railway track expansion across regions is a key factor that is driving the demand for railway sleepers. Increasing number of metro projects & high speed railway projects are also expected to augment market across the world.
Since the last decade, the railway industry has been undergoing the most dramatic and disruptive technological breakthroughs. This has had a significant impact on all track components, including railway sleepers. Significant advancements in railway sleeper designs, techniques, and materials have been made to meet changing market requirements, address tough laws on fuel efficiency & carbon emissions, and to also remain competitive in the marketplace.
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Key Takeaways from Market Study
- By material type, the wood segment is projected to hold a market share of around 50% by the end of 2032. However, the composite segment is expected to expand at a faster CAGR of 7.8% through 2032.
- The tangents segment is anticipated to hold the largest market share of around two-third, of track type.
- By line type, the main line (passenger and freight) segment is projected to create an absolute $ opportunity of nearly US$ 3.5 Bn by 2032.
- By region, North America is expected to account for the largest share of more than one-third by 2032.
- The U.S and China are projected to collectively register an absolute $ opportunity of nearly US$ 3 Bn over the decade.
“Government Initiatives & investments to expand railways infrastructure & high-speed railway networks are expected to drive demand for railway sleepers through the forecasted period,” says a Persistence Market Research analyst.
Market Landscape
To enhance the durability of railway sleepers, manufacturers are involved in research activities to develop new products & materials and meet industry demand. Businesses have been increasing their footprint by opening additional operations to manufacture sustainable railway sleepers.
Some of the key railway sleeper manufacturers profiled in the report are Kirchdorfer Group, Daya Engineering Works, Patil Group, The Indian Hume Pipe, Juli Railway Track, Weihai Ruihe Railway Sleeper, RailWorks Corporation (NARTSCO), Axion Structural Innovation, IntegriCo Composites, L.B. Foster Company, Vossloh AG, PCM RAIL.ONE AG, and Wegh Group
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Key Segments Covered in Railway Sleepers Industry Analysis
Railway Sleepers Market by Material:
- Wood Railway Sleepers
- Concrete Railway Sleepers
- Composite Railway Sleepers
- Steel Railway Sleepers
Railway Sleepers Market by Track Type:
- Tangents
- Turnouts
- Bridges
- Tunnels
Railway Sleepers Market by Line Type:
- Main Line (Passenger and Freight)
- Transit
- Industrial
Railway Sleepers Market by Load Capacity:
- Below 25 Tons
- 25-35 Tons
- Above 35 Tons
Railway Sleepers Market by Region:
- North America Railway Sleepers Market
- Latin America Railway Sleepers Market
- Europe Railway Sleepers Market
- East Asia Railway Sleepers Market
- South Asia & Pacific Railway Sleepers Market
- Middle East & Africa Railway Sleepers Market
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