[209 Pages Report] The global railway fishplate market is estimated to be worth around US$ 4.83 Billion in 2022. With increasing investments in the railway infrastructure across the world, the overall market is projected to expand at a moderate CAGR of 3.4% between 2022 and 2028, reaching a valuation of US$ 5.89 Billion by 2028.
| Attribute | Details |
|---|---|
| Railway Fishplate Market Estimated Size in 2022 | US$ 4.83 billion |
| Railway Fishplate Market Projected Size in 2028 | US$ 5.89 billion |
| Market Historical CAGR (2013 to 2021) | 3.0% |
| Railway Fishplate Market Value-Based CAGR (2022 to 2028) | 3.4% |
Regionally, Europe will continue to dominate the global railway fishplate market, accounting for a major share of 34.4% in 2022. Growth in the region is attributed to the expanding railway infrastructure, presence of leading market players and increasing government investments.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 2.2% |
| H1,2022 Projected (P) | 3.9% |
| H1,2022 Outlook (O) | 3.6% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-) 29 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 141 ↑ |
Future Market Insights predict a comparison and review analysis for the dynamics of the Railway Fishplate market, which is principally subjected to an array of industry factors along with a few definite influences concerning therapeutic viewpoints which support industry innovation.
A railway fishplate is an essential railway fastener used for connecting any two rail tracks. It consists of a metal bar that is bolted to the ends of two rail tracks for connecting them. They offer various features, such as corrosion resistance, superior thermal stability, and insulation which makes them ideal for railway track fittings.
According to FMI analysis, the variation between the BPS values observed in the Railway Fishplate market in H1, 2022 - Outlook over H1, 2022 Projected reflects to rise of 29 units. However, compared to H1, 2021, the market is expected to spike by 141 BPS in H1 -2022.
The market is expected to be boosted by increasing population, rapid industrialization, and the growing need for transporting heavy goods across distant locations, railway transportation has gained huge traction across the world. It has become a primary mode of transportation for freight and passengers.
Governments worldwide are heavily investing in developing railway infrastructures and increasing the number of trains. Metros and rail buses are growing in popularity.
In addition, increasing penetration of modern heavy rail systems along with increasing efforts to improve passenger safety is anticipated to further boost the growth of the railway fishplates market.
Increasing development, as well as installation of new rail lines, rising usage of the plates due to easy installation and cost-effectiveness, the prevalence of advanced and composite material, and rising demand for trams for local transport, are some of the factors which will likely enhance the growth of the railway fishplates market in the forecast period.
The global railway fishplate market is set to register a steady CAGR of 3.4% between 2022 and 2028 in comparison to 3.0% CAGR registered from 2013 to 2021.
Expansion of the railway infrastructure across the world, growing need for improving passenger safety, increasing government support for building smart cities and rising penetration of metro stations in developing regions are some of the major factors driving the global railway fishplates market.
Railway fishplate is an essential railway fastener used for connecting any two rail tracks. It consists of a metal bar which is bolted to the ends of two rail tracks for connecting them. They offer various features, such as corrosion resistance, superior thermal stability and insulation which makes them ideal for railway track fittings.
Railway transportation has become one of the most essential means of transport for both passenger and goods. Rapidly rising population and traffic congestions are prompting governments to introduce new railroad lines, which in turn is boosting sales in the market.
Over the last few decades, there has been a significant rise in rail accidents worldwide. To minimize this damage and eradicate the threat of accidents, operators are focusing in the improvement and maintenance of railroads and various other components. This is anticipated to create growth prospects for railway fishplates market.
In addition to this, continuous periodic maintenance of rail networks, easy installation process and the introduction of composite materials for the production of railway fishplates are expected to complement the growth of the market over the assessment period.
Backed by the aforementioned factors, the railway fishplate market is set to expand 1.2X through 2028.
Principal Consultant
Spurred by increasing population, rapid industrialization, and growing need for transporting heavy goods across distant locations, railway transportation has gained huge traction across the world. It has become a primary mode of transportation for freight and passengers.
Governments worldwide are heavily investing in developing railway infrastructures and increasing the number of trains. Metros and railbuses are growing in popularity.
New projects are being launched in both developed and developing countries to expand the railway transportation industry. For instance, in October 2021 Indian Railways announced a plan to establish 500 multi-modal cargo terminals under the ‘PM GatiShakti’ programme.
In October 2021, India and Nepal signed a MoU (Memorandum of Understanding), to connect Kathmandu and the Indian border town, Raxaul, through a proposal of 3.15 billion railway line project. Similarly in December 2021, The UAE government announced the launch of the UAE Railways Programme, which falls under the ‘Projects of the 50’.
In March 2020, The U.S. allocated $248.5 million in grants to fund several state and local railroad infrastructure projects. Amid such developments and investments, sales of railway fishplates are projected to rise at a considerable pace over the forecast period.
“Improving Rail Connectivity to Boost Sales of Railway Fishplate”
The U.K. is emerging as one of the fastest growing markets for railway fishplates across Europe. Growth in the country is attributed to the presence of leading market players, high railway track network density and growing popularity of trams for local transport.
Railway is one of the most preferred means of transportation in the U.K. Various efforts and investments have been made by the government and private companies to improve connectivity across all corners of the U.K. This is expected to continue boosting demand for railway fishplates in the country.
Similarly, increasing preference for trains for travelling across the country is compelling the government to develop better infrastructure and introduce more fast speed trains. According to the Rail Industry Finance (UK) report, total rail industry expenditure in 2019-20 was £20.2bn, a 4.0% increase from 2018- 19.
Major upgrades are being done to bring a more modern and reliable railway infrastructure, and to increase the capacity for more trains to run in the future. Owing to these investments, a market share of 34.4% has been predicted for Europe railway fishplate market, led by the U.K.
“Booming Freight Rail Industry Spurring Fishplate Sales”
The U.S. will continue to dominate the North America railway fishplate market, accounting for a major share in 2022. The U.S. railway fishplate market is driven by growing rail freight transport network, increasing number of fast speed trains and rising investments by government.
Freight railroads play a key role in the U.S. economy especially for moving export and import containers as well as for shipment of oil and coal. Majority of the heavy products across the country are transported through trains.
According to the U.S Department of Transportation, with around 140,000 route miles, the U.S freight rail network continues to remain the largest, safety and most cost-efficient freight system in the world. The freight rail industry stood around US$ 80 billion in the U.S. This is one of the major factors driving the railway fishplates market in the U.S.
In addition to this, rising number of rail accidents is prompting the government and other companies to employ modern signaling systems in the railway infrastructure. Demand for insulating rail joints is one the rise.
Driven by this, North America railway fishplate market is projected to account for 16.5% of the total market share.
“Ongoing Railway Projects to Create Demand for Railway Fishplates”
The Indian railway fishplates market is experiencing strong growth on the back of expanding railway sector, increasing government investments, rapid urbanization, and the presence of leading domestic and international players.
India has the fourth largest railway system in the world. Railway forms the backbone of Indian economy. According to the Indian Brand Equity Foundation (IBEF), Indian railway had around 13,169 passenger trains and 8,479 freight trains in 2019-2020. Furthermore, in 2020 Indian railways gross revenue reached around US$ 24.78 billion in 2020.
Various railway projects are being launched for improving the connectivity between states. For instance, in 2021-2022, Railway Ministry of India identified 56 projects in various railway zones that will complete within a short span of time.
Increasing penetration of modern heavy rail systems along with increasing efforts to improve the passenger safety is anticipated to further boost the growth of railway fishplates market in India during the forecast period.
As per FMI, South Asia railway fishplate market, spearheaded by India is set to account for a share of 11.9% by 2022.
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“Growing Need for Identification of Trains Spurs Demand”
On the basis of rail joint type, the railway fishplates market is segmented into common rail joint, compromise rail joint, insulated rail joint and joggled fish plate. Among these, sales in the insulated rail joints segment are poised to gain traction over the forecast period.
Demand for insulated rail joints segment is mostly driven by high-speed rails and railway signaling systems. Insulated rail joints are being widely used in the rail network for the identification of trains within a track circuit. These joints provide riding comfort, reduce noise and are ideal for all climatic conditions and environment.
Rising adoption of insulated rail joints in rails is anticipated to boost the growth of railway fishplates market through 2028.
“Increasing Passenger and Freight Density to Push Sales in Heavy Rail Sector”
Based on the rail type, the railway fishplates market is segmented into heavy rail and light rail. Among these, the heavy rails segment is projected to dominate the railway fishplates market during the forecast period. Increasing passenger and freight density across countries is pushing the growth in the heavy rail segment.
Increasing passenger count, along with growing need for effective transport options for heacy cargo are compelling countries to develop the infrastructure for heavy rails. Heavy rail is generally ideal for long distance transportation. Increasing investments by the governments to expand the heavy rail infrastructure is anticipated to boost the sales of railway fishplates.
Moreover, increasing penetration of modern heavy rail system (metro) across both developed and developing countries will continue to boost the growth in the railway fishplates.
Leading players operating in railway fishplates market are constantly focusing on introducing products with superior properties. Moreover, they are establishing partnerships and contracts with clients and companies to increase their sales. For instance:
| Attribute | Details |
|---|---|
| Historical Data Available for | 2013 to 2021 |
| Forecast Period | 2022 to 2028 |
| Market Analysis | Units for Volume and US$ Mn for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, Poland, China, Japan, South Korea, India, ASEAN, Turkey and South Africa |
| Key Segments Covered | Rail Joint Type, Rail Type and Region |
| Key Companies Profiled | Koppers Holdings, Inc.; L.B. foster company; Unipart Rail Limited; Royal Infraconstru Limited; Taicang Zhongbo Railway 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. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
By Rail Joint Type :
By Rail Type :
By Region :
The railway fishplate market is estimated to be worth around US$ 4.83 Bn in 2022.
As per FMI, the railway fishplate market is forecast to register a steady CAGR of 3.4% between 2022 and 2028
The railway fishplate market grew at a CAGR of 3% between 2013 and 2021.
Increasing investments in railway infrastructure development, rising need for improving passenger safety and growth of import-export business are some of the key trends shaping the market growth.
The North American railway fishplate market is estimated to account for over 16.5% share in the global railway fishplate market in 2022.
As per FMI, the Europe market accounts for the largest market share of 34.4% in 2022.
Koppers Holdings, Inc., L.B. foster company, Unipart Rail Limited, Royal Infraconstru Limited, Taicang Zhongbo Railway 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., a
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Market Analysis
1.5. FMI Analysis and Recommendations
2. Market Introduction
2.1. Global Railway Fishplate Market: Definition
2.2. Global Railway Fishplate Market Taxonomy
2.3. Key Success Factors
3. Market Background
3.1. Macro-Economic Factors
3.1.1. Global Rail line share
3.1.2. Global Passenger Density
3.1.3. World Steel Production by key country
3.1.4. Global population outlook
3.1.5. Global Macro-Economic Factors Annual Growth Percentage
3.1.6. Global GDP Historic Growth Y-o-Y (%) 2016 – 2021
3.2. Forecast Factors - Relevance & Impact
3.3. Value Chain
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunity
3.4.4. Trend
4. Global Railway Fishplate Market Analysis 2014-2018 and Forecast, 2019-2029
4.1. Market Volume (‘000 Units) Analysis
4.2. Pricing Analysis, 2018
4.3. Market Value Analysis
5. Global Railway Fishplate Market Analysis 2014–2018 and Forecast 2019-2029, by Rail joint Type
5.1. Introduction / Key Findings
5.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By rail joint Type, 2013 - 2021
5.3. Current and Future Market Size (US$ Mn) and Volume (‘000 Units) Analysis and Forecast By rail joint Type, 2022 - 2028
5.3.1. Common Rail Joints
5.3.2. Compromise Rail Joints
5.3.3. Insulated Rail Joints
5.3.4. Joggled Fish Plates
5.4. Market Attractiveness Analysis By Rail Joint Type
6. Global Railway Fishplate Market Analysis 2014–2018 and Forecast 2019-2029, by Rail Type
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Rail joint Type, 2013 - 2021
6.3. Current and Future Market Size (US$ Mn) and Volume (‘000 Units) Analysis and Forecast By Rail joint Type, 2022 - 2028
6.3.1. Heavy Rail
6.3.2. Light Rail
6.4. Market Attractiveness Analysis By Rail joint Type
7. Global Railway Fishplate Market Analysis 2014–2018 and Forecast 2019-2029, by Region
7.1. Introduction
7.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Region, 2013 - 2021
7.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Region, 2022 - 2028
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. South Asia
7.3.5. East Asia
7.3.6. Middle East and Africa
7.3.7. Oceania
7.4. Market Attractiveness Analysis By Region
8. North America Railway Fishplate Market Analysis 2014–2018 and Forecast 2019-2029
8.1. Introduction
8.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2013 - 2021
8.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2028
8.3.1. By Country
8.3.1.1. U.S.
8.3.1.2. Canada
8.3.2. By Rail joint Type
8.3.3. By Rail Type
8.4. Market Attractiveness Analysis
8.4.1. By Country
8.4.2. By Rail joint Type
8.4.3. By Rail Type
8.5. Drivers and Restraints - Impact Analysis
9. Latin America Railway Fishplate Market Analysis 2014–2018 and Forecast 2019-2029
9.1. Introduction
9.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2013 - 2021
9.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2028
9.3.1. By Country
9.3.1.1. Brazil
9.3.1.2. Mexico
9.3.1.3. Rest of Latin America
9.3.2. By Rail joint Type
9.3.3. By Rail Type
9.4. Market Attractiveness Analysis
9.4.1. By Country
9.4.2. By Rail joint Type
9.4.3. By Rail Type
9.5. Drivers and Restraints - Impact Analysis
10. Europe Railway Fishplate Market Analysis 2014–2018 and Forecast 2019-2029
10.1. Introduction
10.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2013 - 2021
10.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2028
10.3.1. By Country
10.3.1.1. Germany
10.3.1.2. Italy
10.3.1.3. France
10.3.1.4. United Kingdom
10.3.1.5. Spain
10.3.1.6. Russia
10.3.1.7. Poland
10.3.1.8. Rest of Europe
10.3.2. By Rail joint Type
10.3.3. By Rail Type
10.4. Market Attractiveness Analysis
10.4.1. By Country
10.4.2. By Rail joint Type
10.4.3. By Rail Type
10.5. Drivers and Restraints - Impact Analysis
11. East Asia Railway Fishplate Market Analysis 2014–2018 and Forecast 2019-2029
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2013 - 2021
11.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2028
11.3.1. By Country
11.3.1.1. China
11.3.1.2. Japan
11.3.1.3. South Korea
11.3.2. By Rail joint Type
11.3.3. By Rail Type
11.3.4. By End Use
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Rail joint Type
11.4.3. By Rail Type
11.5. Drivers and Restraints - Impact Analysis
12. South Asia Railway Fishplate Market Analysis 2014–2018 and Forecast 2019-2029
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2013 - 2021
12.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2028
12.3.1. By Country
12.3.1.1. India
12.3.1.2. Indonesia
12.3.1.3. Thailand
12.3.1.4. Vietnam
12.3.1.5. Philippines
12.3.1.6. Rest of South Asia
12.3.2. By Rail joint Type
12.3.3. By Rail Type
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Rail joint Type
12.4.3. By Rail Type
12.5. Drivers and Restraints - Impact Analysis
13. Middle East and Africa Railway Fishplate Market Analysis 2014–2018 and Forecast 2019-2029
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2013 - 2021
13.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2028
13.3.1. By Country
13.3.1.1. Turkey
13.3.1.2. South Africa
13.3.1.3. Rest of Middle east and africa
13.3.2. By Rail joint Type
13.3.3. By Rail Type
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Rail joint Type
13.4.3. By Rail Type
13.5. Drivers and Restraints - Impact Analysis
14. Oceania Railway Fishplate Market Analysis 2014–2018 and Forecast 2019-2029
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2013 - 2021
14.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022 - 2028
14.3.1. By Country
14.3.1.1. Australia
14.3.1.2. New Zealand
14.3.2. By Rail joint Type
14.3.3. By Rail Type
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Rail joint Type
14.4.3. By Rail Type
14.5. Drivers and Restraints - Impact Analysis
15. Emerging Countries Railway Fishplate Market Analysis 2014–2018 and Forecast 2019-2029
15.1. Introduction
15.1.1. Market Value Proportion Analysis, By Key Countries
15.1.2. Global Vs. Country Growth Comparison
15.2. China Railway Fishplate Market Analysis
15.2.1. Introduction
15.2.2. Market Value Proportion Analysis by Market Taxonomy
15.2.3. Market Volume (‘000 Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
15.2.3.1. By Rail joint Type
15.2.3.2. By Rail Type
15.3. India Railway Fishplate Market Analysis
15.3.1. Introduction
15.3.2. Market Value Proportion Analysis by Market Taxonomy
15.3.3. Market Volume (‘000 Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
15.3.3.1. By Rail joint Type
15.3.3.2. By Rail Type
15.4. Russia Railway Fishplate Market Analysis
15.4.1. Introduction
15.4.2. Market Value Proportion Analysis by Market Taxonomy
15.4.3. Market Volume (‘000 Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
15.4.3.1. By Rail joint Type
15.4.3.2. By Rail Type
16. Competition Analysis
16.1. List of Key Market Participants
16.2. Market Structure
16.3. Competition Dashboard
16.4. Competition Deep Dive
16.4.1. Koppers Holdings, Inc.
16.4.2. L.B. Foster Company
16.4.3. Unipart Rail Limited
16.4.4. Royal Infraconstru Limited
16.4.5. Taicang Zhongbo Railway Fastening Co. Ltd.
16.4.6. Henry Williams Limited
16.4.7. N. Mohanlal Railtrack Pvt. Ltd.
16.4.8. Linzhou Changda Railway Materials Co. Ltd.
16.4.9. Xinxiang Luda Machinery Manufacturing Co. Ltd.
16.4.10. Suthang Industrial Corporation
16.4.11. Rail Udyog
16.4.12. Chandra Industrial Works
16.4.13. Vinayak Rail track (india) private limited
16.4.14. Shanghai Suyu Railway Material Co.,Ltd.
16.4.15. Jekay International Track Pvt. Ltd.
16.4.16. Surya Alloy Industries Ltd
17. Assumptions and Acronyms Used
18. Research Methodology
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