Global Steel Sleepers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Steel Sleepers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Sleepers are an important part of railways. Usually, sleepers are always laid between two rails to maintain the correct gauge. Metal sleepers are widely used in modern railway track construction; metal sleepers can be made of steel.

Market Overview:

The latest research study on the global Steel Sleepers market finds that the global Steel Sleepers market reached a value of USD 148.04 million in 2022. It’s expected that the market will achieve USD 192.48 million by 2028, exhibiting a CAGR of 4.47% during the forecast period.

The food industry has a large demand for plastic films

Modern food packaging not only provides physical protection for food and its contents, but also helps to extend the shelf life of food, provide product information and display brand image, and make it more convenient for consumers to use in daily life. Compared with other packaging materials and forms, such as glass, metal, and hard plastic packaging, soft plastic packaging is more environmentally friendly, saves raw materials and transportation costs, and thus better meets the needs of the modern packaging industry.

With the economic development in North America and the improvement of people's living standards, the types of food on the market have increased, and the demand for packaging has also increased. Plastic film can be used for the packaging of baked goods, biscuits, snacks, and other foods; in addition, plastic film can be used as packaging materials for various meat, vegetables, and fruits. Therefore, plastic film is widely used in the food industry, and the demand for plastic film in the food industry is driving the development of the plastic film industry.

The pharmaceutical industry has a large demand for plastic film

Plastic packaging has some advantages. For example, plastic packaging saves energy because it is lightweight plastic packaging, which can save energy during the transportation of packaged goods. Less fuel is used, fewer emissions are emitted and, in addition, cost savings are achieved for distributors, retailers and consumers. Plastic packaging is one of the ideal packaging in the pharmaceutical industry and has a lot of applications in the pharmaceutical industry. Medical plastic film is widely used, not only for tablet, powder, and granular drug packaging, but can also be used in paste, liquid, and medicine carton lining and medical equipment packaging, so the pharmaceutical industry has a large number of plastic film demand.

In the North American market, the pharmaceutical industry is larger. In recent years, for example, the United States has accounted for nearly half of the global drug sales, according to data. There are a large number of drug manufacturers in the United States, including Pfizer, which got a big boost with its COVID-19 vaccine Comirnaty. The pharmaceutical industry in the United States is a global giant that plays no small role in the American economy. As a result, there is a great demand for plastic film in the pharmaceutical industry in North America, which is driving the development of the plastic film industry.

Region Overview:

In 2022, the share of the Steel Sleepers market in Europe stood at 78.14%.

Company Overview:

British Steel is one of the major players operating in the Steel Sleepers market, holding a share of 56.34% in 2022.

British Steel is one of Europe's leading steel manufacturers. With manufacturing plants in the UK and Europe, British Steel offers a wide range of high-quality steel products that meet international standards. Among them, British Steel provides rail products that match various track and traffic conditions existing in the modern railway environment.

British Steel secures major export deal with largest ever order for rail sleepers

March 8, 2023
British Steel’s contract with the Guinea Bauxite Company (Compagnie des Bauxites de Guinée, CBG) will see it deliver 20,000 tonnes of its 436 profile steel sleepers over the next year.
The UK manufacturer has partnered on the project with Trackwork, which processes the rolled sleeper into its finished form, and Pandrol, which is providing the railway fastenings to secure the sleepers.

Segmentation Overview:

By type, Strip Steel Rail Sleeper segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Train Rail, with a market share of 90.65% in 2022.

Key Companies in the global Steel Sleepers market covered in Chapter 3:

Trackwork
Jekay Group
Liberty
British Steel
AGICO Rail
DENA Stahlbau
Shanghai Bosheng Industries
Weihai Ruihe Railway Sleeper

In Chapter 4 and Chapter 14.2, on the basis of types, the Steel Sleepers market from 2018 to 2029 is primarily split into:

Strip Steel Rail Sleeper
Y-shaped Steel Rail Sleeper

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Steel Sleepers market from 2018 to 2029 covers:

Train Rail
Subway Rail

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)