Rail Fasteners Market is anticipated to reach US$ 1.71 Bn by 2029 from US$ 1.47 Bn in 2022 at a CAGR of 2.1% during a forecast period.Rail Fasteners Market Overview
The main element of any railway system is the railway track, and the fasteners are the parts that connect the railway tracks. These rail fasteners are used to connect railroad to the rail track. Its primary purpose is to maintain the correct position of the rail track to avoid horizontal, vertical, and rollover shifts, as well as to manage longitudinal forces. Because the safety of the railway track is the most critical issue, rail fasteners are made under tight guidelines.To know about the Research Methodology :- Request Free Sample Report The report includes a comprehensive background analysis of the rail freight market, including an analysis of industry and economic sector contributions. The report has covered the market trends from 2017 to forecast the market through 2029. Where 2022 is considered a base year however the numbers for 2022 are considered based on the actual output of the market's companies. The report contains an analysis of the impact of COVID-19 lockdown on the revenue of the market and its effect on the demand and supply of the market. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Market Dynamics
The market growth has been influenced by significant developments in sensing technology and passenger safety solutions. Rail fasteners have seen a substantial increase in use as the railway sector has progressed technologically. The market is seeing a boom in innovation due to rising concerns about noise emissions and their harmful consequences on network extensions. Other factors contributing to the market's growth include increased passenger comfort, lower maintenance costs, the high-speed train sector, and the growing subway industry. The development of advanced materials, such as composite plastic components that replace steel components, has lowered overall weight and transportation costs significantly. With the increased connectivity between locations, requirements for transportation modalities are also on the growth. Furthermore, the improving economic conditions and increased interconnectivity between locations offer considerable potential opportunities for the rail fasteners market. However, due to the growing automotive industry and the increasing fare of rail services, there is a decline in the number of rail customers. This is expected to hamper the market growth during the forecast period.COVID-19 Impact on the Global Rail Fasteners Market
COVID pandemic has a major impact on the market in terms of sales as more than 44% of sales of units are hampered owing to disruption in transport capabilities of the manufacturers due to stringent norms of lockdown and increasing safety concerns. The rail fasteners market was badly impacted by the COVID-19 epidemic, which resulted in huge revenue losses. Installations and deployments were delayed, and technology providers faced numerous challenges, including sourcing raw materials and components during quarantines, and delivering finished products. Despite these challenges, the market has gained several new traffic channels due to government efforts to provide oxygen, food, and medical supplies. As a result, the market is quickly returning to normalcy, due to the installation of sanitization booths at train platforms as part of reconstruction activities, which increased the rail customers. This in turn is expected to propel market growth even further.Segmentation Analysis
By Material, the stainless steel segment dominated the market, with market size of US$ xx Mn. in 2022 and expected to reach US$ xx Mn. by 2029, with a CAGR of xx% during the forecast period. Steel, being a better and stronger material than cast iron, eventually replaced cast iron as the preferred material for rail fasteners. Advanced materials, such as composite plastic components that replace steel components, have greatly reduced total weight and transportation costs. As a result, the composite plastic material segment is expected to grow over the forecast period. By Rail Type, the Passenger rail segment dominated the market, with market size of US$ xx Mn. in 2022 and expected to reach US$ xx Mn. by 2029, with a CAGR of xx% during the forecast period. Rising infrastructural development and the adoption of advanced technology are all driving the segment's growth. Also, improving economic conditions and increased interconnectivity between locations offer considerable potential opportunities for the segment during the forecast period.Rail Fasteners Market Regional Insights
Asia-Pacific dominates the rail fasteners market due to the increasing number of railway tracks being built in emerging nations and the growing expansion of railway systems in this region. China is expected to reach a market size of US$ 12.6 billion by 2029, representing a 12.7 percent CAGR over the forecast period. Japan and Canada are two other important geographic markets, with expected growth rates of 4.6 percent and 7.5 percent, respectively, throughout the forecast period. North America is expected to grow during the forecast period due to rising demand for high-grade safety fasteners, rapid economic expansion, and industrialization in this region. Due to increased concerns about noise pollution and the region's growing high-speed train and subway sectors, Europe is also expected to grow in rail fasteners market growth. In Europe, Germany is expected to increase at a CAGR of 5.4 percent.Rail Fasteners Market Scope: Inquire before buying
Rail Fasteners Market Base Year 2022 Forecast Period 2023-2029 Historical Data CAGR Market Size in 2022 Market Size in 2029 2018 to 2022 2.1% US$ 1.47 Bn US$ 1.71 Bn Segments Covered by Material Cast Iron Stainless Steel Plastic Composites Alloys by Rail Type Passenger rail Transit rail by Distribution Channel OEM Aftermarket Regions Covered North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America Rail Fasteners Market Key Players
1. Brainard Rivet Company 2. Clyde Fasteners 3. Cooper & Turner Ltd 4. Key Fasteners Ltd 5. LB Foster Rail Products 6. MNP Corporation 7. Pandrol 8. Taicang Zhongbo Railway Fastening 9. Vossloh 10.Taicang Zhongbo Railway Fastening 11.Schwihag 12.Amsted Rail Company 13.Suzhou HuiBo Railway Fastener 14.Taicang Zhongbo Railway Fastening 15.United Industrial 16.AandK Railroad Materials 17.Kunshan Alex Railway Fastening 18.AGICO Group 19.Maanshan King Rail Parts 20.Shanghai Suyu Railway Fastener (SUYU) Frequently Asked Questions: 1. Which region has the largest share in Global Rail Fasteners Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Rail Fasteners Market? Ans: The Global Rail Fasteners Market is growing at a CAGR of 2.1% during forecasting period 2023-2029. 3. What is scope of the Global Rail Fasteners Market report? Ans: Global Rail Fasteners Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Rail Fasteners Market? Ans: The important key players in the Global Rail Fasteners Market are – Brainard Rivet Company, Clyde Fasteners, Cooper & Turner Ltd, Key Fasteners Ltd, LB Foster Rail Products, MNP Corporation, Pandrol, Taicang Zhongbo Railway Fastening, Vossloh, Taicang Zhongbo Railway Fastening, Schwihag, Amsted Rail Company, Suzhou HuiBo Railway Fastener, Taicang Zhongbo Railway Fastening, United Industrial, AandK Railroad Materials, Kunshan Alex Railway Fastening, AGICO Group, Maanshan King Rail Parts, and Shanghai Suyu Railway Fastener (SUYU) 5. What is the study period of this Market? Ans: The Global Rail Fasteners Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Rail Fasteners Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Rail Fasteners Market 3.4. Geographical Snapshot of the Rail Fasteners Market, By Manufacturer share 4. Global Rail Fasteners Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Rail Fasteners Market 5. Supply Side and Demand Side Indicators 6. Global Rail Fasteners Market Analysis and Forecast, 2022-2029 6.1. Global Rail Fasteners Market Size & Y-o-Y Growth Analysis. 7. Global Rail Fasteners Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 7.1.1. Cast Iron 7.1.2. Stainless Steel 7.1.3. Plastic Composites 7.1.4. Alloys 7.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 7.2.1. Passenger rail 7.2.2. Transit rail 7.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 7.3.1. OEM 7.3.2. Aftermarket 8. Global Rail Fasteners Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Rail Fasteners Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 9.1.1. Cast Iron 9.1.2. Stainless Steel 9.1.3. Plastic Composites 9.1.4. Alloys 9.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 9.2.1. Passenger rail 9.2.2. Transit rail 9.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 9.3.1. OEM 9.3.2. Aftermarket 10. North America Rail Fasteners Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Rail Fasteners Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 12. Canada Rail Fasteners Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 13. Mexico Rail Fasteners Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 14. Europe Rail Fasteners Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 15. Europe Rail Fasteners Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Rail Fasteners Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 17. France Rail Fasteners Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 18. Germany Rail Fasteners Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 19. Italy Rail Fasteners Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 20. Spain Rail Fasteners Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 21. Sweden Rail Fasteners Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 22. CIS Countries Rail Fasteners Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 23. Rest of Europe Rail Fasteners Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 24. Asia Pacific Rail Fasteners Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 25. Asia Pacific Rail Fasteners Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Rail Fasteners Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 27. India Rail Fasteners Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 28. Japan Rail Fasteners Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 29. South Korea Rail Fasteners Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 30. Australia Rail Fasteners Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 31. ASEAN Rail Fasteners Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 32. Rest of Asia Pacific Rail Fasteners Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 33. Middle East Africa Rail Fasteners Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 34. Middle East Africa Rail Fasteners Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Rail Fasteners Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 36. GCC Countries Rail Fasteners Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 37. Egypt Rail Fasteners Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 38. Nigeria Rail Fasteners Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 39. Rest of ME&A Rail Fasteners Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 40. South America Rail Fasteners Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 41. South America Rail Fasteners Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Rail Fasteners Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 43. Argentina Rail Fasteners Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 44. Rest of South America Rail Fasteners Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Rail Type, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Rail Fasteners Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Pandrol 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Brainard Rivet Company 45.5. Clyde Fasteners 45.6. Cooper & Turner Ltd 45.7. Key Fasteners Ltd 45.8. LB Foster Rail Products 45.9. MNP Corporation 45.10. Pandrol 45.11. Taicang Zhongbo Railway Fastening 45.12. Vossloh 45.13. Taicang Zhongbo Railway Fastening 45.14. Schwihag 45.15. Amsted Rail Company 45.16. Suzhou HuiBo Railway Fastener 45.17. Taicang Zhongbo Railway Fastening 45.18. United Industrial 45.19. AandK Railroad Materials 45.20. Kunshan Alex Railway Fastening 45.21. AGICO Group 45.22. Maanshan King Rail Parts 45.23. Shanghai Suyu Railway Fastener (SUYU) 45.24. Others 46. Primary Key Insights