The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape.
This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry.
The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.
Railway Sleepers Market: Introduction
The railway sleepers are the rectangular shaped part mostly made out of wood or concrete in the railroads. The railway sleepers are an integral part of the railroad assembly as they play a vital role in sharing the load evenly amongst railway line. The railway sleepers are also useful to provide strength to the completely rail assembly with providing the optimum support to the railroad facility. The railway sleepers are also important in order to maintain the uniformity in the gauge length across the complete track. The railway sleepers provide a robust design to the track and ensure the hold of the railway bogie and locomotive upright. The railway sleepers are placed perpendicular to the rails and now a days due to the reduced cost and enhanced strength most of the railway sleepers used are made of concrete material.
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Railway Sleepers Market: Dynamics
The railway sleepers market is expected to gain a rapid growth owing to increased applications in other end use sectors such as civic infrastructure and mining. The incorporation of railway sleepers in personal courtyard and public gardens could provide a broader range of customer base in the market. The use of concrete railway sleepers in the railroads has gained more prominence in the market as compared to other sleepers owing to the cost effectiveness, availability abundance and high strength wielding capacity of the railway sleepers. The increased passenger traffic in the railway travel in developing economies like India and rest of Indian subcontinent countries has compelled the respective government to indulge into major remodeling and enhancement of their current railway structure which can boost the Railway sleepers market at a notable pace. The inception for the use of railway sleepers in the landscape decoration will assist the probable growth with an increased traction towards the aesthetic development in the landscapes.
The steel railway sleepers are anticipated to have a very less share as they are incorporated only in U.S. for slow and secondary lines. In U.K. at some railway lines plastic railway slippers are also employed although they don’t have the prominence in the market as the concrete railway sleepers. The concrete railway slippers are preferred where the railway lines are expected to subject to frequent heavy load. Furthermore, in the applications like decoration and aesthetics improvement the wooden railway slippers will be installed. Many governments across the globe are keen towards development of metro network in order to develop a proper public transport in the country and to regulate the passenger traffic. The intense development of metro tracks in every countries and the increasing network of subways in European countries could promote the railway sleepers market. With all the upcoming metro projects and increment in subway network is anticipated to pivot the growth of the railway sleepers market
While there are many factors which is expected to give a bolstering growth to the market, which will resist the market in the forecast years. The growth in the research for reduction in the density of the railway slippers on the railway tracks might restrain the sales of the railway slippers. The use of concrete railway slippers is improving the working life of railway slippers and causing a noteworthy decrement in the sales due to longer serving period of the concrete railway slippers.
Currently, high strength pre-stressed concrete railway sleepers are expected to increase a significant traction due to the capacity to tolerate more impact weight and resistance to failure. By taking into account the obvious benefit of this material the high strength pre-stressed concrete railway sleepers are likely to soar in the market over the upcoming years.
Railway Sleepers Market: Segmentation
On the basis of product type, railway sleepers market can be segmented as:
- Concrete railway sleepers
- High strength pre-stressed concrete railway sleepers
- Steel railway sleepers
- Wood railway sleepers
- Others
On the basis of end use, Railway Sleepers market can be segmented as:
- Railways
- Landscape Decoration
- Personal courtyards
- Public Gardens
- Mining
- Others
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Railway Sleepers Market: Regional Overview
The Railway Sleepers market of North America is expected to flourish owing to the numerous gardens with enhanced internal aesthetics decor in U.S. and the increasing railways network in Canada. The railway sleepers market of Europe is also likely to grow on the back of potential opportunities in the mining sector and Railway industry. The South Asia is also anticipated to witness an unprecedented surge in railway sleepers market with the constant government efforts to strengthen rail network throughout the region especially in countries like India. The continuous broad gauging of the established narrow gauge and meter gauge rail lines into broad gauge will complement the growth opportunities in the market. Also the railway sleepers market of East Asia is anticipated to glide with the opportunities in the market of China and Japan. The railway sleepers market in the region of MEA is anticipated to remain stagnant with the less growth perspectives in the Middle African region and less railway network in Africa region.
Railway Sleepers Market: Market Participants
The following list of companies are identified to have a significant presence and ability to cater the market as the key players:
- INFRASET
- Kirchdorfer Group
- Daya Engineering Works
- UK Sleepers
- Peter Feckl Maschinenbau GmbH
- Patil Group
- Kunming Railway Sleeper
- Adelaide and Rural Salvage
- Biatec Group
- The Indian Hume Pipe
- Juli Railway Track
- AW Champion Timber
The research report presents a comprehensive assessment of the Railway Sleepers Market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Railway Sleepers Market segments such as geographies, end use type, and product type.
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