Railway Sleepers Market Research Growth 2024
Railway sleepers are predominantly produced from wood or concrete. Wooden sleepers are usually produced from hardwood, although soft wood is also possible depending on the application. Before the appearance of Concrete Sleepers, steel sleepers were also commonly used in the construction of railway tracks. Concrete sleepers can be produced from both new and recycled concrete.
A railway sleeper is a rectangular support for the rails in railroad tracks. Generally laid perpendicular to the rails, ties transfer loads to the track ballast and subgrade, hold the rails upright and keep them spaced to the correct gauge. Railway sleepers are traditionally made of wood, but pre-stressed concrete is now also widely used, especially in Europe and Asia. Steel ties are common on secondary lines in the UK; plastic composite ties are also employed, although far less than wood or concrete.
From the view of region, Asia-Pacific and Europe have a larger sales market share in 2018 which together account for 74.02%, and will witness a stable growth in following years. South America hold a market share of 6.63% will still play an important role which cannot be ignored. Any changes from Asia-Pacific might affect the development trend of Railway Sleepers. North America also play important roles in global market, but it will witness the comparatively lowest growth rate within selected regions.
According to this study, over the next five years the Railway Sleepers market will register a 4.6% CAGR in terms of revenue, the global market size will reach US$ 890 million by 2024, from US$ 710 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Railway Sleepers business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Railway Sleepers market by product type, application, key manufacturers and key regions and countries.
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This study considers the Railway Sleepers value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
The Indian Hume Pipe
Biatec Group Quercus
Shandong High Speed Rail Equipment Material
Weihai Ruihe Railway Sleeper
Hengchang Railroad Sleeper
Kunming Railway Sleeper
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Railway Sleepers consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Railway Sleepers market by identifying its various subsegments.
Focuses on the key global Railway Sleepers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Railway Sleepers with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Railway Sleepers submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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