Global Railroad Tie Plate Market Growth 2025-2031

Global Railroad Tie Plate Market Growth 2025-2031

The global Railroad Tie Plate market size is predicted to grow from US$ 96 million in 2025 to US$ 137 million in 2031; it is expected to grow at a CAGR of 6.1% from 2025 to 2031.

A railroad tie plate is a thick steel panel which sits between the tracks and rail ties (or called rail sleepers) on a standard railroad track. Railroad tie plates are generally tapered at each end to improve stability and reduce torsion and twisting along the tracks. Rails installed with tie plates are better able to maintain their position, which helps to standardize the width, or gauge, of the track along its length. During the railway construction, engineers and rail workers use railroad tie plates to prolong the lifespan of a new track installation, which promise safety for passengers and railway workers as maximum as possible.

The core manufacturers of the global Railroad Tie Plate include Beijing Railway Shougang Rail Technology Co., LTD., Vossloh and Hebei Yichen Industrial Group Co., LTD. The top three companies have a market share of about 28%. The Asia Pacific region is the world's largest Railroad Tie Plate market with a market share of about 65%, followed by the United States and Europe with a market share of 19% and 13%, respectively. In terms of product type, Casting Railroad Tie Plate Is the largest segment with approximately 53% of the market share. In terms of application, OEM is the largest downstream segment, accounting for about 88% of the market.

LP Information, Inc. (LPI) ' newest research report, the “Railroad Tie Plate Industry Forecast” looks at past sales and reviews total world Railroad Tie Plate sales in 2024, providing a comprehensive analysis by region and market sector of projected Railroad Tie Plate sales for 2025 through 2031. With Railroad Tie Plate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Railroad Tie Plate industry.

This Insight Report provides a comprehensive analysis of the global Railroad Tie Plate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Railroad Tie Plate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Railroad Tie Plate market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Railroad Tie Plate and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Railroad Tie Plate.

This report presents a comprehensive overview, market shares, and growth opportunities of Railroad Tie Plate market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Rolling Railroad Tie Plate
Forging Railroad Tie Plate
Casting Railroad Tie Plate

Segmentation by Application:
OEM
Aftermarket

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Tieke Shougang Railway-Tech
Vossloh
Hebei Yichen Industrial Group
Arkansas Steel Associates
Gem-year Industrial
Central Plains Leader Railway Track Technology
L.B. Foster Company
ArcelorMittal
A&K Railroad Materials
Pandrol
NINGENMURA COMPANY
Henan Xinda Railway Equipment
Anyang General International
Shanghai Suyu Railway Material

Key Questions Addressed in this Report

What is the 10-year outlook for the global Railroad Tie Plate market?

What factors are driving Railroad Tie Plate market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Railroad Tie Plate market opportunities vary by end market size?

How does Railroad Tie Plate break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.