Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Railway Fishplate Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Railway Fishplate Market?
The market size of the railway fishplate has seen consistent growth recently. The market size is projected to increase from $4.62 billion in 2024 to $4.79 billion in 2025, with a compound annual growth rate (CAGR) of 3.6%.
What Is the Forecasted CAGR for the Railway Fishplate Market by 2029?
In 2029, the market size for railway fishplates is forecasted to reach $5.62 billion, growing at a compound annual growth rate (CAGR) of 4.1%.
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What Are the Market Drivers in the Railway Fishplate Industry?
The key drivers in the railway fishplate market are:
• Rising demand for high-speed rail networks
• Enhanced focus on improving railway safety standards
• Growth in railway electrification projects
• Increase in freight transportation activities
What Is the Segment-Wise Breakdown of the Railway Fishplate Market?
The railway fishplate market covered in this report is segmented –
1) By Rail Joint Type: Common Rail Joint, Compromise Rail Joint, Insulated Rail Joint, Joggled Fish Plate
2) By Material Type: Steel Fishplates, Cast Iron Fishplates, Other Materials
3) By Rail Type: Heavy Rail, Light Rail
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Which Emerging Trends Are Driving Growth in the Railway Fishplate Sector?
The key trends in the railway fishplate market are:
• There is a growing trend in the adoption of high strength materials in the railway fishplate market.
• Advancement in manufacturing techniques are defining the future of the market.
• Development of lightweight designs is becoming a significant emerging trend.
• The market is seeing a trend towards the implementation of smart technologies and enhancements in corrosion resistance.
Which Companies Are Dominating the Railway Fishplate Market in Terms of Revenue?
Major players 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
What Are the Regions Driving Demand in the Railway Fishplate Market?
North America was the largest region in the railway fishplate market in 2024
