Elastic rail fastener

Global Elastic Rail Fastener Market Size, by Type (Concrete Pillow Fastener, Buckle Plate Fastener, Spring Fastener), Application (Conventional Rail, High Speed) & Region - Key Manufacturers, Analysis, Growth Trends, and Forecast till 2025

Category: Automotive and Transportation     ID: IRP1751     Date: Sep, 2020
The global elastic rail fastener market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million/billion by 2025, at a CAGR of XX% during 2019 to 2025. Scope of global elastic rail fastener market includes by type (Concrete Pillow Fastener, Buckle Plate Fastener, Spring Fastener), by application (Conventional Rail, High Speed, Others), and by region (North America- U.S., Canada; Europe- U.K., France, Germany; Asia-Pacific- China, Japan, India; Latin America- Brazil, Mexico; Middle East & Africa- South Africa, Saudi Arabia).
Rail fasteners are the components of rail track and commonly used to connect track rails with railway ties or railway sleepers. Rail fasteners are used to fix the correct position of rail track in order to avoid the vertical and horizontal displacements as well as rollover. The main purpose of rail fastener is to provide better elasticity and insulating and do well in gauge adjusting. These fasteners may be fixed either directly or indirectly with the help of fastenings, to get strong vertical, lateral, and longitudinal forces. Traditionally, wooden rails were fixed to wooden sleepers, and letter these wooden rails were replaced by iron rails which had holes in itself to provide them fixed support.
However, elastic rail fasteners are widely used to minimize the high-frequency vibrations which are generated by moving loads, and to provide smooth rides which are expected to increase the elastic rail fastener market growth over the coming years. Traditional rail fasteners were not capable of heavy dynamic forces, as they become loose under the impact of high-frequency vibrations and are not able to hold the rail to sleeper firmly because of constant pressure exerted by moving loads. While, elastic rail fasteners are designed to hold the maximum pressure exerted by moving loads, and to absorb the shock and vibrations cause by the moving loads. These rail fasteners hold the gauge firmly and offer adequate resistance to lateral forces in order to maintain the stability of track. Moreover, the increase demand in downstream high-speed train industry, and subway industry are key factors driving the elastic rail fasteners market growth across the globe.
However, the elastic rail fasteners have long life span and required less maintenance which is expected to restrain the market growth over the coming years across the globe. Moreover, in highly populated countries, such as India, and China, have more number of people which are highly dependent on railway, as it is the most convenient mode of transportation due to which there is a rapid increase in the length of tracks which is a key factor in driving the market growth in the region. However, in developed countries, such as U.S.A., Japan, and Germany have high speed trains which cause high-frequency vibrations which is the key factor in increasing the demand of elastic rail fasteners market growth across the region.
The global elastic rail fastener market is primarily segmented by type, application, and region.

In terms of type, the market is split into:
* Concrete Pillow Fastener
* Buckle Plate Fastener
* Spring Fastener

In terms of application, the market is divided into:
* Conventional Rail
* High Speed
* Others

The market is classified across regions and countries as follows:
* North America- U.S., Canada
* Europe- Russia, U.K., France, Germany, Italy
* Asia-Pacific- China, Japan, India, Australia
* Latin America- Brazil, Mexico
* Middle East & Africa- South Africa, Egypt, Saudi Arabia

Key Market Players:
The key players profiled in the market include:
* Progress Rail Services Corporation
* Gem-Year Corporation
* Alex Railway Fastening
* Lewis Bolt & Nut Co
* Pandrol
* AGICO
* Vossloh Fastening Systems
* L.B. Foster
* Zhongbo Railway Fastening
* Vossloh Fastening Systems

These enterprises have been focusing on development strategies, such as expansions, new product launches, agreements & partnerships, and acquisitions to expand their business across the globe.
Key Benefits of the Report:
* Global, regional, country, type, and application market size and their forecast from 2015-2025
* Identification and detailed analysis and insights on key market dynamics, such as drivers, opportunities, restraints, and challenges influencing the growth of the market
* Detailed analysis and insights on industry outlook with market specific PESTLE analysis, Porter’s Five Forces analysis, and Value Chain analysis, to achieve a better understanding of the market and prepare expansion strategies
* Identification and comprehensive analysis of key market players and their market share, detailed financial positions, key products, core competencies, and unique selling points
* Identification and analysis of Key players’ competitive developments and strategic initiatives, such as mergers, joint ventures, sales contracts, and new product introduction in the market
* Expert interviews and their insights on current and future outlook, market shift, and factors impacting vendors’ short term and long term strategies
* Detailed insights on emerging regions, type, and application with qualitative and quantitative information and facts
* Identification of the key patents filed in the field of elastic rail fastener
* Owing to the volatility seen in the market due to the Global COVID-19 pandemic, businesses around the globe wish to know the impact on their market and how this changes the projections for 2020 and the forthcoming years. Orian Research is in talks with seasoned market analysts and key note speakers to understand the impact of COVID 19 on markets and factors that will bring in stability in the foreseeable future

Target Audience:
* Elastic Rail Fastener manufacturer & Technology Providers
* Traders, Importers, and Exporters
* Raw Material Suppliers and Distributors
* Research and Consulting Firms
* Government and Research Organizations
* Associations and Industry Bodies

Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
* Manufacturers
* Suppliers
* Distributors
* Raw Material Providers
* Government Body & Associations
* Research Institutes

Project Analysis

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