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Elastic rail fastener is used to link the rail and tie (or other types of track basis) on the track, also known as the intermediate coupling member.
It includes spikes, pads under rail and elastic fastener clips.
Fasteners should be long-term, effectively maintaining a reliable link rail and sleepers, preventing relative movement of the rail sleepers, and can give full play to its performance under dynamic shock absorption cushioning effect, delaying the accumulation of residual deformation track.
Thus it requires sufficient strength, durability and some flexibility, but also simple structure, easy installation and removal.
Due to the COVID-19 pandemic, the global Elastic Rail Fastener market size is estimated to be worth US$ 1324.6 million in 2021 and is forecast to a readjusted size of US$ 1492.6 million by 2028 with a CAGR of 1.7% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Elastic Rail Fastener market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Elastic Rail Fastener landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The Elastic Rail Fastener industry concentration is relatively high in United States. United States giant market is dominated by three companies, i.e. Pandrol, Vossloh and L.B. Foster. These three manufacturers occupies above 70% of the whole market volume, and they has more types of products.
This report focuses on Elastic Rail Fastener volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Elastic Rail Fastener market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Elastic Rail Fastener Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Concrete Pillow Fastener
Buckle Plate Fastener
Spring Fastener
Segment by Application
Conventional Rail
High Speed
Heavy-haul
Urban Transport
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Pandrol
Vossloh Fastening Systems
L.B. Foster
Progress Rail Services Corporation
Lewis Bolt & Nut Co
AGICO
It includes spikes, pads under rail and elastic fastener clips.
Fasteners should be long-term, effectively maintaining a reliable link rail and sleepers, preventing relative movement of the rail sleepers, and can give full play to its performance under dynamic shock absorption cushioning effect, delaying the accumulation of residual deformation track.
Thus it requires sufficient strength, durability and some flexibility, but also simple structure, easy installation and removal.
Due to the COVID-19 pandemic, the global Elastic Rail Fastener market size is estimated to be worth US$ 1324.6 million in 2021 and is forecast to a readjusted size of US$ 1492.6 million by 2028 with a CAGR of 1.7% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Elastic Rail Fastener market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Elastic Rail Fastener landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The Elastic Rail Fastener industry concentration is relatively high in United States. United States giant market is dominated by three companies, i.e. Pandrol, Vossloh and L.B. Foster. These three manufacturers occupies above 70% of the whole market volume, and they has more types of products.
This report focuses on Elastic Rail Fastener volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Elastic Rail Fastener market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Elastic Rail Fastener Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Concrete Pillow Fastener
Buckle Plate Fastener
Spring Fastener
Segment by Application
Conventional Rail
High Speed
Heavy-haul
Urban Transport
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Pandrol
Vossloh Fastening Systems
L.B. Foster
Progress Rail Services Corporation
Lewis Bolt & Nut Co
AGICO
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
