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Railroad Tie Market Trends

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

Railroad Tie Market Trends

Technology plays an important part in railroad tie, improving functionality, and connectivity. There is a considerable movement toward cement ties due to its longer lifespan, lower maintenance requirements, and environmental advantages. Concrete ties are durable against large loads and weather conditions, making them more appealing to railway operators seeking to reduce lifespan costs. 
 

In addition, manufacturing process innovations, including as robotic assembly and automated production lines, are increasing the efficiency and uniformity of tie manufacture. This not only lowers expenses, but also improves the quality and longevity of railroad ties. Furthermore, the integration of sensors and smart technologies into railroad ties allows for real-time monitoring of parameters such as temperature, stress, and moisture. This data is useful for predicting maintenance, boosting operating efficiency, and improving safety.  

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.

Railroad Tie Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 430
  • Countries covered: 21
  • Pages: 340
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