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Railroad Tie Market Size, Share & Industry Analysis, By Type (Wooden Tie, Concrete Tie, Steel Tie, Other), By Application (Train, Subway, Other) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI103406 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

A railroad tie is also called a railway sleeper. It is a rectangular block component, which is always laying between ballast bed and the rail to keep the correct space of gauge. It is available in different types such as a wooden tie, concrete tie, and steel tie. The railroad ties are used to fix the track position, which prevents the track from moving when the train is running. It also decreases the steel rail's pressure on the ballast bed and increases the force area. The railroad ties are resistant to moisture, weather, and immune towards infestation by insects. These properties surge its demands in train and subway applications.


The rising demand for the concrete tie in the train application will surge the market expansion. The concrete ties are made of sand, cement, gravel, and rebar. It has a greater weight, which aids concrete ties to remain in the same position for longer time. It is easier to produceand require less maintenance than timber. Further, the concrete tie offers beneficial properties such as long service life, high stability, low maintenance workload, and low damage rate. It is also resistant to extreme weather conditions and moisture. These factors increase the demand for concrete ties in train applications, which further fuel the railroad tie market growth.

However, railroad tie is is treated with chemical preservatives, which include creosote and chromated copper arsenate. These chemicals can affect the soil and also kills insects, plants, and small animals. This further restricts the use of railroad ties in variousapplications, which is anticipated to hamper the market growth.

Key Market Driver -

Rising demand for concrete tie in the train application to drive the market growth

Key Market Restraint -

Hazardous impact of concrete tie to restrict the market growth


Market Segmentation:


Based on type, the railroad tie market is segmented into wooden tie, concrete tie, steel tie, and other. Based on application, the market is segmented into train, subway, and other. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:


The key players in the railroad tie market includes Austrak Pty Ltd, Vossloh, Lankhorst Mouldings, AGICO GROUP, Peterson Astec Industries Inc, Tank Fab, Koppers Inc., A&K Railroad Materials, Inc., Nisus Corporation., BRIDGEWELL RESOURCES, Gross & Janes Corporation, Sannosuke Kobayashi Co. Ltd., and IntegriCo.

Key Insights



  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis


Regional Analysis:


North America is expected to witness significant growth in the railroad tie market during the forecast period. The growth is attributed to the increasing demand for concrete railroad ties in the rail application. The rising adoption of steel tie in railway industry has fueled the market in Europe, in which Germany is the leading country. The market is Asia Pacific will grow owing to the rising demand for wooden tie in subway application. The Middle East & Africa is anticipated to witness sustainable growth, due to the increasing railway infrastructure activities in the region. 

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Segmentation






















 ATTRIBUTE

  DETAILS

By Type



  • Wooden Tie

  • Concrete Tie

  • Steel Tie

  • Other



By Application



  • Train

  • Subway

  • Other



By Geography



  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



Railroad Tie Market Developments



  • In March 2018, Vossloh AG acquired Austrak Pty Ltd., Australia’s leading producer of concrete ties. This acquisition would aid Vossloh to expand its product portfolio in Australia in the area of rail tracks.

  • In March 2018, Vossloh AG signed the multi-year supply agreements with CN. This agreement will aid Vossloh to supply its concrete ties over multiple years and to expand its presence in North America.

  • In June 2017, IntegriCo Composites Inc. made a partnership with Closed Loop Fund. This partnership will help IntegriCo to expand its operations in new Closed’s Sarepta Louisiana manufacturing facility. This will further help the company to supply composite railroad ties based on customer demand.





  • Ongoing
  • 2023
  • 2019-2022

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