Railway Track Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Railway Track Market Manufacturers and it is Segmented by Type (Standard Rail, Head Hardened Rail, Heavy Haul Rail, Tongue Rail, and Crane Rail), by Component (Rail, Sleepers, and Switch), and Geography.

Railway Track Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Railway Track Market Size

Railway Track Market Size
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 3.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Railway Track Market Key Players

*Disclaimer: Major Players sorted in no particular order

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Railway Track Market Analysis

The Railway Track Market is expected to register a CAGR of 3% during the forecast period.

  • The rapid urbanization, traffic congestion, and increasing railway network of major countries are expected to fuel the demand for railway tracks during the forecast period. The market is witnessing the active participation of governments to expand the existing rail networks and enhance this cheapest and safest means of transportation, to make it more comfortable and eco-friendly.
  • Rail freight transport is one of the cheapest means of goods transport. According to IEA, around 7% of the global freight transportation is being carried out through rail networks. In some countries, such as Russia, more than half of the goods transport is done through rail. Similarly, metro systems provide cheap and convenient urban transportation in around 200 cities worldwide, with more than 32,000 km of rail length. As cities are turning to greener transportation alternatives, metro rails are expected to grow at a much faster rate, which may boost the demand for tracks in the future.
  • The European Union (EU) has the largest electrified rail length, as well as one of the safest railway networks, in the world, with around 218,000 km of the active rail network. The EU commission is committed to making its rail network more convenient for passengers, by introducing various laws and inviting private industry players to advance the current network. For instance, the EU commission has a target of moving 30% of freight traveled by a distance more than 300 km for other modes of transport (rail or water), by 2030.

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.

Railway Track Market Leaders

  1. Voestalpine Schienen GmbH

  2. Nippon Steel Corporation

  3. AGICO Group

  4. Harmer Steel Products Co.

  5. Vossloh AG

  6. *Disclaimer: Major Players sorted in no particular order
Railway Track Market Analysis
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Railway Track Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Standard Rail
    • 5.1.2 Head Hardened Rail
    • 5.1.3 Heavy Haul Rail
    • 5.1.4 Tongue Rail
    • 5.1.5 Crane Rail
  • 5.2 By Component Type
    • 5.2.1 Rail
    • 5.2.2 Sleepers
    • 5.2.3 Switch
  • 5.3 By Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 India
    • 5.3.3.2 China
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 Rest of the World
    • 5.3.4.1 Brazil
    • 5.3.4.2 Mexico
    • 5.3.4.3 United Arab Emirates
    • 5.3.4.4 Other Countries

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 AGICO Group
    • 6.2.2 Nippon Steel Corporation
    • 6.2.3 Voestalpine Schienen GmbH
    • 6.2.4 Harmer Steel Products Co.
    • 6.2.5 Jindal Steel and Power Limited
    • 6.2.6 Shanghai Wedo Industry Co. Ltd
    • 6.2.7 Kimes Steel & Rail Inc.
    • 6.2.8 Vossloh AG
    • 6.2.9 ArcelorMittal SA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Railway Track Industry Segmentation

The report on the railway track market covers the latest trends and technological developments and provides an analysis on the market demand on various market segments, like type, component type, and market share of major railway track manufacturers across the world.

By Type Standard Rail
Head Hardened Rail
Heavy Haul Rail
Tongue Rail
Crane Rail
By Component Type Rail
Sleepers
Switch
By Geography North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Rest of Europe
Asia-Pacific India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World Brazil
Mexico
United Arab Emirates
Other Countries
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Railway Track Market Research FAQs

What is the current Railway Track Market size?

The Railway Track Market is projected to register a CAGR of 3% during the forecast period (2025-2030)

Who are the key players in Railway Track Market?

Voestalpine Schienen GmbH, Nippon Steel Corporation, AGICO Group, Harmer Steel Products Co. and Vossloh AG are the major companies operating in the Railway Track Market.

Which is the fastest growing region in Railway Track Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Railway Track Market?

In 2025, the Asia Pacific accounts for the largest market share in Railway Track Market.

What years does this Railway Track Market cover?

The report covers the Railway Track Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Railway Track Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Railway Track Industry Report

Statistics for the 2025 Railway Track market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Railway Track analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.