Railway Fishplate Market will reach at a CAGR of ~ 3% from 2019 to 2029

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Railway Fishplates Market

• March 2020

Report Id REP-GB-7159 Published On May
16,2019 Category Industrial Automation and
Equipment
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Railway Fishplates Market Analysis
Railway Fishplate Market Expected to Increase at
a CAGR 3 through 2019 to 2029 The global
market for railway fishplate (US) or rail joint
(UK), is anticipated to witness noteworthy growth
in 2019, and reach a market value of around US
4,000 million, while registering a Y-o-Y growth
rate of over 3. Additionally, the global demand
for railway fishplate is also expected to be
influenced by the new rail lines installation
across the globe. A new study by Future Market
Insights (FMI) suggests that easy installation
and cost effectiveness of railway fishplates than
the conventional CRW method will remain the key
growth influencers sustaining the revenues
of railway fishplate market. Increasing
maintenance activities regarding passenger safety
is estimated to be the key factor driving the
growth of the global railway fishplate market
during the forecast period. According to FMI's
analysis, high-speed rail is an emerging trend in
rail transport, and creates the requirement of
insulated rail joints, expected to witness
significant growth in the coming years. On the
basis of rail joint type, the insulated rail
joints segment is foreseen to experience
substantial growth. However, the common rail
joints segment is anticipated to account for a
dominating volume share in the global railway
fishplate market.
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Railway Fishplates Market Analysis
The insulated rail joints segment is expected to
witness a growth of more than 4 percent during
the forecast period, mostly driven by high speed
rails and railway signalling systems. Based on
the rail type, owing to increasing passenger and
freight density, the heavy rails segment is
expected to be a prominent segment in the railway
fishplate market, accounting for more than 50 of
the market share. Developed Regional Markets
Retain Lead, Rail Maintenance Projects Push
Developing Markets The railway fishplate markets
in Europe and North America are expected to
experience constant growth, since there are very
less ongoing rail installation projects.
Countries such as China, India, and Russia, are
at the forefront in the railway industry,
However, North America and Europe is expected to
be prominent regions in terms of railway
fishplate sales. Furthermore, China, along
with India, is ascertained to witness substantial
growth, owing to high railway network density and
upcoming railway projects. In Latin America and
the Middle East  Africa is expected to witness
steady demand for railway fishplates.
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Railway Fishplates Market Analysis
In the recent past, the emerging economies
of China and India have been growing at
relatively higher rates as compared to other
countries such as Brazil, Germany, and the US.
This, in turn, is expected to create logistic
requirements. Periodic maintenance of rail tracks
is required, which is expected to surge the
railway fishplate aftermarket. Importantly, in
the coming years, the need for efficient and
high-strength railway fishplates is expected to
boost the demand for composite materials. These
are some of the key factors fuelling the demand
outlook for railway fishplate. Key Vendor
Insights Railway Fishplate Market Within the
global railway fishplate market, players need to
focus on changing requirement of demand side such
as high strength and stiffness material and
coping with trend of high speed rails. Railway
fishplate market is expected to cater the
majority of aftermarket front whereas OEM
opportunity totally depends on the new upcoming
railroad projects.
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Railway Fishplates Market Analysis
The report covers strategic profiles of some of
the key manufacturers involved in the railway
fishplate market, including Koppers Holdings,
Inc., L.B. foster company, Unipart Rail Limited,
Royal Infraconstru Limited, Taicang aRailway
Fastening Co. Ltd., Henry Williams Limited, N.
Mohanlal Railtrack Pvt. Ltd., Linzhou Changda
Railway Materials Co. Ltd., Anyang General
International Co., Ltd. (AGICO), Bhaskar
Industrial Developments Ltd, Monteferro of
America, Jekay International Track Pvt Ltd, Surya
Alloy Industries Ltd., Techma Engineering
Enterprises Pvt. Ltd., Taicang Zhongbo Railway
Fastening Co., Ltd., and Suthang Industrial
Corporation, among others. The global railway
fishplate market poised to increase at over 3
CAGR during 2019-2029. Although the overall
growth outlook remains passive over the
forthcoming decade, FMI's analysis suggests
sustained revenues owing to steady installations
of railway fishplates for new as well as routine
maintenance projects.  Press Release Source
https//www.prnewswire.com/news-releases/railway-f
ishplate-market-is-expected-to-grow-at-a-cagr-of-o
ver-3-during-2019-to-2029--future-market-insights-
300852978.html
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Railway Fishplates Market Analysis

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Railway Fishplates Market Analysis
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