Market Share of Railway Track Industry
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
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Voestalpine Schienen GmbH
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Nippon Steel Corporation
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AGICO Group
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Harmer Steel Products Co.
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Vossloh AG
*Disclaimer: Major Players sorted in no particular order
