The Railway Fishplate Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Railway Fishplate Global Market Report 2024, The railway fishplate market size is expected to see steady growth in the next few years. It will grow to $5.54 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to increasing demand for high speed rail networks, rising focus on enhancing railway safety standards, growth in railway electrification projects, increasing freight transportation activities, rising demand for sustainable and eco friendly transportation. Major trends in the forecast period include adoption of high strength materials, advancement in manufacturing techniques, development of lightweight designs, implementation of smart technologies, enhancements in corrosion resistance, integration of sustainable practices.
The increasing high-speed rail transport is expected to propel the growth of the railway fishplate market going forward. High-speed rail transport refers to a type of railway system designed to operate at significantly higher speeds than conventional trains. High-speed trains usually travel at 250 km/h (155 mph) or faster on dedicated rails, with some systems exceeding 300 km/h (186 mph). These trains use advanced propulsion, braking, and stability technologies to maintain high-speed safety. It requires specially designed tracks with minimal curves and grade crossings for high velocities. Fishplates support high-speed rails by securely joining and reinforcing rail segments at junctions, ensuring smooth transitions and stability essential for high-speed travel. For instance, in January 2024, Eurostar International Ltd., a UK-based railway company, reported that Eurostar transported 18.6 million passengers in 2023, marking a 22% increase compared to 2022. Therefore, increasing high-speed rail transport is driving the growth of the railway fishplate market.
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The railway fishplate market covered in this report is segmented –
1) By Rail Joint Type: Common Rail Joint, Compromise Rail Joint, Insulated Rail Joint, Joggled Fish Plate
2) By Material Type: Steel Fishplates, Cast Iron Fishplates, Other Materials
3) By Rail Type: Heavy Rail, Light Rail
Major companies operating in the railway fishplate market are developing new facilities for producing insulated rail joints to meet the growing demand for advanced railway infrastructure solutions. These new facilities focus on producing high-quality insulated rail joints essential for electrical isolation between rail segments. For instance, in February 2023, L.B. Foster, a US-based company specializing in rail and infrastructure products and services, opened a new facility in Juiz de Fora, Brazil, to manufacture bonded insulated rail joints. The new facility is dedicated to producing high-performance bonded insulated rail joints essential for rail networks’ safe and reliable operation. The manufacturing process involves cutting steel rail into sections, placing an insulating material (Kevlar) between the halves, and bonding the components with high-integrity epoxy.
The railway fishplate market report table of contents includes:
1. Executive Summary
2. Railway Fishplate Market Report Structure
3. Railway Fishplate Market Trends And Strategies
4. Railway Fishplate Market – Macro Economic Scenario
5. Railway Fishplate Market Size And Growth
…..
27. Railway Fishplate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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