PUBLISHER: The Business Research Company | PRODUCT CODE: 1706201
PUBLISHER: The Business Research Company | PRODUCT CODE: 1706201
Rail joints, also referred to as railway fishplates, play a crucial role in the construction and upkeep of railway tracks. Their primary function is to securely connect two segments of rail, ensuring a continuous and stable track structure. Typically crafted from durable metals such as steel, these joints are bolted onto the rails and serve several essential roles in maintaining the integrity and performance of the rail system.
There are several types of rail joints used in railway fishplates, including common rail joints, compromise rail joints, insulated rail joints, and joggled fishplates. Common rail joints are standard connectors designed to seamlessly join two sections of railway track, facilitating smooth train passage. These joints are crafted from various materials such as steel fishplates and cast iron fishplates, and they are used across different types of rails, including heavy rail and light rail.
The railway fishplates market research report is one of a series of new reports from The Business Research Company that provides railway fishplates market statistics, including railway fishplates industry global market size, regional shares, competitors with a railway fishplates market share, detailed railway fishplates market segments, market trends and opportunities, and any further data you may need to thrive in the railway fishplates industry. This railway fishplates market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The railway fishplate market size has grown steadily in recent years. It will grow from $4.62 billion in 2024 to $4.85 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to increasing demand for rail infrastructure, rising investments in railway upgrades and expansions, increasing urbanization and transportation, rising government initiatives, increasing use of fishplates in track maintenance and repair, rising demand for heavy-haul railways.
The railway fishplate market size is expected to see steady growth in the next few years. It will grow to $5.79 billion in 2029 at a compound annual growth rate (CAGR) of 4.5%. 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 growing high-speed rail transport sector is expected to boost the railway fishplate market in the future. High-speed rail transport consists of railway systems designed to operate much faster than traditional trains, typically traveling at speeds of 250 km/h (155 mph) or more, with some systems exceeding 300 km/h (186 mph). These trains utilize advanced propulsion, braking, and stability technologies to ensure safety at high speeds. High-speed rail requires specially designed tracks with minimal curves and grade crossings to accommodate high velocities. Fishplates play a crucial role in supporting high-speed rails by securely joining and reinforcing rail segments at junctions, ensuring smooth transitions and stability necessary for high-speed travel. For example, in January 2024, Eurostar International Ltd., a UK-based railway company, reported transporting 18.6 million passengers in 2023, a 22% increase from 2022. Therefore, the rise in high-speed rail transport is driving the growth of the railway fishplate market.
Major companies in the railway fishplate market are developing new facilities to produce insulated rail joints to meet the growing demand for advanced railway infrastructure solutions. These facilities focus on manufacturing high-quality insulated rail joints, which are crucial 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 produce bonded insulated rail joints. This facility is dedicated to manufacturing high-performance bonded insulated rail joints essential for the safe and reliable operation of rail networks. 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.
In October 2022, Colas Rail, a French rail infrastructure company, acquired Germany-based Hasselmann Group for an undisclosed amount. This acquisition supports Colas Rail's strategy of expanding in high-potential and stable markets, aligning with its external growth objectives in the rail infrastructure sector. With this move, Colas Rail aims to leverage Hasselmann Group's local expertise to strengthen its presence in the German market, which is recognized for its robust economy and substantial investments in rail infrastructure. Hasselmann Group specializes in rail construction and engineering services, making it a valuable addition to Colas Rail's portfolio and furthering its position in European rail development.
Major companies operating in the railway fishplate market are ArcelorMittal S.A., Voestalpine AG, Balfour Beatty plc, Progress Rail Services Corporation, Koppers Holdings Inc., Unipart Group Limited, L.B. Foster, Royal Infraconstru Ltd, Anyang General International Co. Ltd, Henry Williams Limited, Pandrol Limited, Schwihag AG, Monteferro USA Inc. LLC, Jiangsu Railteco Equipment Co. Ltd., Jekay International Track Pvt Ltd, Geismar SAS, Bhaskar Industries Pvt Ltd, LINSINGER Maschinenbau GmbH, Harmer Steel Products Company, Taicang Zhongbo Railway Fastening Co. Ltd., Techma Engineering Enterprise Private Limited, Shanghai Suyu Railway Material Co. Ltd., Surya Alloy Industries Limited, Linzhou Changda Railway Materials Co. Ltd., N. Mohanlal Railtrack Pvt. Ltd
North America was the largest region in the railway fishplate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the railway fishplate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the railway fishplate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The railway fishplates market consists of sales of joint bars, splice bars, and angle bars. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Railway Fishplate Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on railway fishplate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for railway fishplate ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The railway fishplate market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.