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Railroad Tie Market Share

Report ID: GMI9990
Published Date: Jun 2024
Report Format: PDF

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Railroad Tie Market Share

Key players involve in the railroad tie industry are JENNMAR, Koppers Inc., Pioonier GmbH, Stella-Jones, Vossloh accounting market share of 20-25% in 2023. Manufacturers are competing by developing advanced materials for rail ties, such as composite materials or enhanced concrete formulations. These materials offer benefits like increased durability, reduced maintenance needs, and improved performance under various conditions. Some manufacturers differentiate themselves by integrating smart technologies into rail ties. This includes sensors for real-time monitoring of track conditions, which can enhance safety and reduce maintenance costs over time.

Railroad Tie Market Companies

Major companies operating in the railroad tie industry include:

AGICO Group
Ecoverse, LLC
Gerdau S/A
Huatie Tongda High-speed Railway Equipment Co.
JENNMAR
Koppers Inc.
L.B. Foster Company
McCord Tie and Timber
Norman Lumber Company
Pandrol
Pioonier GmbH
Stella-Jones
Thompson Hardwoods, Inc.
TieTek Global
Vossloh

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

Railroad tie industry size was worth USD 5.5 billion in 2023 and will grow at a 4.3% CAGR between 2024 and 2032 due to increasing infrastructure investments in rail networks.

The freight trains segment recorded USD 4.15 billion in 2023 and will reach around USD 6.06 billion by 2032, driven by freight trains' heavy load requirements and extensive network operations.

Asia Pacific railroad tie industry registered USD 1.63 billion in 2023 and will expand to USD 2.39 billion by 2032, attributed to the region's heavy investments in high-speed rail networks and freight transportation infrastructure.

Major manufacturers of the railroad tie are AGICO Group, Gerdau S/A, JENNMAR, Koppers Inc., Pioonier GmbH, TieTek Global, Vossloh, L.B. Foster Company, McCord Tie and Timber, Norman Lumber Company, Stella-Jones, and Thompson Hardwoods, Inc., among others.