Railway Sleepers Market

Market Study on Railway Sleepers: North America to Enjoy One-third Share in Global Market

Railway Sleepers Market Segmented By Wood Railway Sleepers, Concrete Railway Sleepers, Composite Railway Sleepers, Steel Railway Sleepers Material with Tangents, Turnouts, Bridges, Tunnels Track

  • June-2022
  • PMRREP30617
  • 240 Pages
  • Automotive
  • PPT, PDF, WORD, EXCEL

Railway Sleepers Market Outlook (2022-2032)

According to Persistence Market Research, revenue from the global railway sleepers market totaled US$ 10.6 Bn at the end of 2021. Demand for railway sleepers is only set to accelerate with the top 10 providers holding 10% market. The market is expected to reach a valuation of US$ 19.3 Bn by the end of 2032, expanding at a CAGR of 5.7%.

Over the coming years, increasing adoption of high-speed railway sleepers in Europe is likely to propel the market to new heights. The market in Europe is growing rapidly due to rising government investments in developing railway infrastructure and increasing railway passenger congestion across European nations. As a result, Europe is projected to hold 27% share of the global market.

Railway Sleepers Market Size (2021A)

US$ 10.6 Bn

Estimated Market Value (2022E)

US$ 11.1 Bn

Projected Market Value (2032F)

US$ 19.3 Bn

Global Market Growth Rate (2022-2032)

5.7% CAGR

Collective Value Share: Top 3 Countries (2021)

43.1%

Steady growth in railway track expansion and rising adoption of high-speed transportation systems are key drivers for the rising demand for railway sleepers. The trend of developing sustainable and durable railway sleepers by manufacturers is leading to concrete & composite sleepers replacing conventional wooden railway sleepers across the world.

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Companies

  • Kirchdorfer Group
  • Patil Rail Infrastructure Private Limited
  • The Indian Hume Pipe
  • Railworks Corporation
  • Axion Structural Innovations LLC
  • IntegriCo Composites
  • L.B. Foster Co.
  • Vossloh AG
  • PCM RAILONE AG
  • Wegh Group Spa

Sales Analysis of Railway Sleepers (2017 to 2021) Vs. Market Projections (2022 to 2032)

From 2017 to 2021, the global market for railway sleepers expanded at 3.3% CAGR and is anticipated to increase faster at 4.9% in 2022. This significant increase in Y-o-Y growth in 2022 is due to rapid expansion of the railway sector. Traffic congestion post-COVID has raised the need to develop infrastructure for public transportation, thereby driving the demand for rail sleepers as well.

In recent times, in line with technological developments and rising awareness toward sustainable development, railway sleeper manufacturers are investing heavily to adhere to several regulations regarding the development of sleeper materials, their durability, and load capacity.

The United States ranks first among large economies in terms of railway track length. The U.S. government is increasingly focusing on railway track maintenance and replacing wooden railway sleepers with substitute materials to minimize deforestation.

Overall, the consumption of railway sleepers in the global market is anticipated to grow 1.7X from 2022 to 2032.

railway-sleepers-market

The image above presents the share of material type and region in the market. Wood railway sleepers hold a larger market share, whereas, usage of railway sleepers is the highest in East Asia, closely followed by North America.

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What Market Opportunities Await Railway Sleeper Manufacturers?

“Product Differentiation with Unique Offerings”

Market participants can retain product differentiation and strengthen their roots in the global rail sleepers market by launching innovative & durable products that are unique to different railway tracks and offers various operational benefits, while also complying with existing laws.

Load capacity and lifecycle are two of the most critical points for the valuation of railway sleepers. Advanced materials based on composites are being incorporated into railway tracks to reduce the need for frequent replacement of railway sleepers, creating a significant opportunity for manufacturers actively seeking to participate in the global market over the coming years.

Market Research Methodology - Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

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What Should Suppliers of Railway Sleepers Watch Out For?

“Low Replacement Rate of Concrete & Composite Railway Sleepers”

Growing preference for composite ties will hamper the market for railway sleepers as the adoption rate of concrete & composite materials for replacing wooden railway sleepers is very high across the globe. The reason behind such excessive demand for these sleepers is cost-effectiveness as compared to wooden sleepers and a longer lifespan. This enhanced lifespan of railway sleepers has decreased the replacement rate, which has significantly affected the demand for railway sleepers.

“Quest to Reduce Density of Railway Sleepers”

With ongoing developments & investments in R&D activities, efforts are being made to reduce the density of sleepers on railway tracks, which has also significantly impacted demand. Expansion of railway infrastructure and the construction of railway tracks is a very costly process, and to reduce investments and increase the speed of track expansion, several manufacturers & governments are investing in R&D.

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Country-wise Insights

Where Does the U.S. Stand in the Market for Rail Sleepers?

“Largest Railway System Makes U.S. Lucrative Market for Sleeper Replacement”

The United States railway sleepers market is estimated to expand at 5.6% CAGR during the forecast period of 2022-2032.

A majority of the demand in the United States comes from the development of railway tracks for industrial applications. The U.S. has the world’s largest railway track system in the world, which makes it a lucrative market for the replacement of the current railway sleepers in use.

Will China Continue to Attract Railway Sleeper Suppliers?

“Rapid Expansion of High-speed Railway Systems in China”

China is anticipated to hold more than 70% share of the East Asia railway sleepers market.

The railway sleepers market in China has a bright future, with growth prospects in the development of high-tech and high-speed railway infrastructure. China also possesses advanced railway systems, and is expected to invest US$ 154 Bn for railway track expansion across the country.

Development of high-speed railway systems and rising usage of composite railway sleepers for railway tracks are two emerging trends that will have a direct impact on the dynamics of the market in China.

What Makes Germany a Lucrative Market for Railway Sleeper Manufacturers?

“Surging Logistics Sector and Subway Infrastructure Growth”

Over the forecast period, the Germany railway sleepers market is projected to create an incremental opportunity of US$ 408.2 Mn.

According to Eurostat, over 1,750 billion ton-kilometers of inland cargo are transported inside the European Union. This ratio can reach 90 percent or higher in several European countries.

As a result of the developing logistics industry and increased development of subways, demand for railway sleepers in Germany is expected to increase rapidly over the coming years.

Category-wise Insights

Which Material Type Has the Most Potential for Growth in Railway Sleeper Manufacturing?

“Concrete Sleepers Preferred Due to Low Cost and Longer Lifespan”

Concrete railway sleepers are projected to create more than US$ 2.8 Bn in incremental opportunity by 2032.

This is directly associated with the increasing demand for concrete railway sleepers to replace wooden railway sleepers due to their long lifespan and low-cost advantage.

Which Railway Line Type Should Market Players Target?

“Main Lines for Public & Freight Transportation to Be Lucrative Pockets”

Main lines that are used for public and freight transportation are projected to account for more than 45% of the global railway sleepers market share by the end of 2032.

Increasing demand for public transport in developing nations due to their growing population has led to surging demand for railway sleepers. Apart from that, the replacement rate of these lines is also high, thereby aiding market expansion.

Impact of COVID-19 Crisis

The COVID-19 pandemic had a substantial impact on the world economy, and as a result, the businesses and operations of railway sleeper manufacturers were also negatively impacted. Markley players experienced considerable demand reduction and volatility.

The pandemic had a short-term impact on companies manufacturing railway sleepers. A global recession was precipitated by a persistent collapse in consumer demand while countries went through various lockdown scenarios, resulting in widespread consumer confidence loss and a significant drop in vehicle revenue and profitability.

Railway sleeper producers were forced to reallocate resources to stay afloat, which resulted in reduced R&D funding for advanced technological endeavors and other discretionary projects.

Competitive Landscape

Market growth is fueled by new product development and rising sales of concrete & composite sleepers. Manufacturers are under constant pressure to reduce sleeper weight to improve their maintenance and operability. New product launches are key growth strategies in the railway sleepers market space.

  • In February 2021, RAIL.ONE expanded its product range with composite railway sleepers as a sustainable alternative to wooden railway sleepers.

Railway Sleepers Industry Report Scope

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

  • Units for Volume
  • USD Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Germany
  • France
  • Italy
  • Spain
  • U.K.
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia & New Zealand
  • GCC
  • Turkey
  • South Africa
  • Northern Africa

Key Market Segments Covered

  • Material
  • Line Type
  • Track Type
  • Load Capacity
  • Region

Key Companies Profiled

  • Vossloh AG
  • RailWorks Corporation (NARTSCO)
  • Patil Group
  • Kirchdorfer Group
  • L.B. Foster Company
  • PCM RAIL.ONE AG
  • The Indian Hume Pipe
  • Wegh Group
  • Axion Structural Innovations
  • IntegriCo Composites

Report Coverage

  • Market Forecast
  • Brand Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Segments Covered in Railway Sleepers Industry Analysis

Railway Sleepers Market by Material:

  • Wood Railway Sleepers
  • Concrete Railway Sleepers
  • Composite Railway Sleepers
  • Steel Railway Sleepers

Railway Sleepers Market by Track Type:

  • Tangents
  • Turnouts
  • Bridges
  • Tunnels

Railway Sleepers Market by Line Type:

  • Main Line (Passenger and Freight)
  • Transit
  • Industrial

Railway Sleepers Market by Load Capacity:

  • Below 25 Tons
  • 25-35 Tons
  • Above 35 Tons

Railway Sleepers Market by Region:

  • North America Railway Sleepers Market
  • Latin America Railway Sleepers Market
  • Europe Railway Sleepers Market
  • East Asia Railway Sleepers Market
  • South Asia & Pacific Railway Sleepers Market
  • Middle East & Africa Railway Sleepers Market

Media Release

- FAQs -

The global railway sleepers market was valued at US$ 10.6 Bn at the end of 2021.

Sales of railway sleepers are slated to surge at a CAGR of around 5.7% from 2022 to 2032.

The U.S., Canada, India, China, Germany, Japan, and Mexico are lucrative markets for rail sleeper manufacturers. North America is anticipated to hold the largest market share of more than 31%.

Vossloh AG, RailWorks Corporation (NARTSCO), Patil Group, Kirchdorfer Group, and L.B. Foster Company accounted for around 10% of worldwide revenue in 2021.

The China railway sleepers market is projected to expand at a 6% CAGR through 2032.

Wooden rail sleepers are still the most sought-after across the world.

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