Global Composite Railroad Tie Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Composite Railroad Tie Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

A railroad tie is rectangular block of support used in the railways for rail tracks. Railroad ties are beneficial in transferring the load to the rail track ballast while holding the tracks intact. Composite railroad tie is produced from recycled materials such as plastic and rubber, which makes it environment-friendly. Composite railroad tie has proven to outperform traditional tie materials due to its properties such as resistant to several weather conditions and anti-corrosive. A composite railroad tie does not crumble or decompose over time. Composite railroad tie is also moisture-resistant and immune towards infestation by insects.

According to our (Global Info Research) latest study, the global Composite Railroad Tie market size was valued at US$ 522 million in 2023 and is forecast to a readjusted size of USD 914 million by 2030 with a CAGR of 6.6% during review period.

Global key players of Composite Railroad Tie include Sekisui, Greenrail Group, Lankhorst Mouldings, TieTek, Sicut Enterprises, etc. The top five players hold a share about 54%. Europe is the largest market, and has a share about 34%, followed by North America and Asia-Pacific with share 32% and 32%, separately. In terms of product type, HDPE is the largest segment, occupied for a share of 35%. In terms of application, Railway has a share about 75 percent.

This report is a detailed and comprehensive analysis for global Composite Railroad Tie market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Composite Railroad Tie market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Composite Railroad Tie market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Composite Railroad Tie market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Composite Railroad Tie market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Composite Railroad Tie

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Composite Railroad Tie market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sekisui, Lankhorst Mouldings, Voestalpine, TieTek, IntegriCo Composites, Tufflex Plastic Products, Evertrak, Atlas Trading International, Greenrail Group, Sicut Enterprises, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Composite Railroad Tie market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
PU
HDPE
Others

Market segment by Application
Railway
Petrochemical
Mining
Others

Major players covered
Sekisui
Lankhorst Mouldings
Voestalpine
TieTek
IntegriCo Composites
Tufflex Plastic Products
Evertrak
Atlas Trading International
Greenrail Group
Sicut Enterprises
Pioonier GmbH

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Composite Railroad Tie product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Composite Railroad Tie, with price, sales quantity, revenue, and global market share of Composite Railroad Tie from 2019 to 2024.

Chapter 3, the Composite Railroad Tie competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Composite Railroad Tie breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Composite Railroad Tie market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Composite Railroad Tie.

Chapter 14 and 15, to describe Composite Railroad Tie sales channel, distributors, customers, research findings and conclusion.