PUBLISHER: Global Insight Services | PRODUCT CODE: 1598609
PUBLISHER: Global Insight Services | PRODUCT CODE: 1598609
The railway fishplate market is anticipated to expand from $4.2 billion in 2023 to $7.8 billion by 2033, reflecting a CAGR of 6.3%, driven by infrastructure advancements.
The Railway Fishplate Market encompasses the industry dedicated to manufacturing and supplying fishplates, which are metal bars bolted to the ends of two rails to join them together in a track. This market is integral to maintaining rail infrastructure, offering products such as standard, insulated, and compromise fishplates. It supports the global rail network by ensuring safety, stability, and efficiency, catering to the needs of freight and passenger rail systems while driving technological advancements in rail joint solutions.
The railway fishplate market is witnessing robust growth, largely propelled by the expansion of railway networks and the modernization of existing infrastructure. Within this market, the insulated fishplate sub-segment is the top performer, driven by its essential role in enhancing safety and reducing signal failures. The standard fishplate follows as the second-highest performing sub-segment, benefiting from widespread adoption in traditional rail systems.
Regionally, Asia-Pacific leads the market due to extensive railway projects and government investments in rail infrastructure, particularly in China and India. Europe stands as the second most lucrative region, with countries like Germany and France prioritizing rail network upgrades and maintenance. These regions are characterized by their commitment to enhancing rail connectivity and efficiency, further fueling demand for advanced railway components. The market is poised for continued expansion, supported by technological advancements and strategic partnerships among key industry players.
Key Companies
Kimes Steel Rail, AGICO Group, Harmer Steel Products Company, Royal Infraconstru Limited, Suthang Industrial Corporation, Shanghai Suyu Railway Material, Taicang Zhongbo Railway Fastening, Zhongxiang Railway, Kunshan Alex Railway Fastening, Vossloh Fastening Systems, L. B. Foster Company, Jekay Group, Henry Williams Limited, Lewis Bolt and Nut Company, Bemo Rail BV, Railway Material Specialists, Arcelor Mittal Rails and Special Sections, Unipart Rail, Pandrol, Bhaskar Industrial Developments
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