What is the current Railway Track Market size?

The Railway Track Market is projected to register a CAGR of 3.40% during the forecast period (2024-2028) Read More

Who are the key players in Railway Track Market?

Voestalpine Schienen GmbH, Nippon Steel Corporation, AGICO Group and Mordor are the major companies operating in the Railway Track Market. Read More

Which is the fastest growing region in Railway Track Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2028). Read More

Which region has the biggest share in Railway Track Market?

In 2024, the Asia Pacific accounts for the largest market share in Railway Track Market. Read More

What years does this Railway Track Market cover?

The report covers the Railway Track Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Railway Track Market size for years: 2024, 2025, 2026, 2027 and 2028. Read More

Railway Track Market - Trends, Growth & Share

Railway Track Industry Overview

The railway track market is consolidated with the presence of a limited number of active players, owing to the requirement of high initial investment costs, experience, and a high-level of technological requirements. Some of the major players in the market are Voestalpine Schienen GmbH, Nippon Steel Corporation, and AGICO Group, among others. The companies are grabbing contracts from the rail management companies and forming strategic alliances with other players in the market. For instance,

In 2018, Jindal Steel and Power Limited won the first-ever global tender for rail track by the Indian railways, worth USD 7 billion, to supply 126 million metric ton of rail track. In 2019, the company successfully supplied around 97 million metric ton of railway track to the Indian railways.