About Elastic Rail Clips
Elastic rail clips are a common part of the rail fastening system that is used to attach the rail to the base plate and prevent horizontal or vertical movement of the track. It is made of forged spring steel and is available in the different diameters and types that are used according to the type of rail tracks. The increasing number of rail passengers and rail cargo transportations in the developing economies of Asia due to rapidly growing industrialization and urbanization will boost the demand for elastic rail clips. Further, the development of high-speed railways and urban rail tracks worldwide due to the traveling people’s attention towards the quality of transportation service, safety, efficiency, and convenience is the major growth factor for the elastic rail clips.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analyst at AMA Research estimates that Chinese Manufacturers will contribute the maximum growth to Global Elastic Rail Clips market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bansal Group (India), V.R Global Pvt Ltd (India), Agico Group (China), Pandrol (France), NIPHA (India), Wuxi Taihang Rail Fastening Technology Co., Ltd (China), L.B. Foster (United States), Kunshan Alex Railway Fastening Co., Ltd. (China), Lanling Railway Equipment Co., Ltd. (China) and Suyu Railway Material Co.,Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Lewis Bolt & Nut Company (United States), Vossloh AG (Germany) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Elastic Rail Clips market by Type (Rail E- Clip, SKL Rail Clips, Nabla Rail Clip, Deenik Clip, Crane Rail Clip, Russia Rail Clip and Others), Application (Conventional Rail, High-Speed Rail Line and Urban Tracks) and Region.
On the basis of geography, the market of Elastic Rail Clips has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Diameter, the sub-segment i.e. 0-10mm will boost the Elastic Rail Clips market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development of Urban Rail Tracks in Western Countries and Some Developing Countries
Market Growth Drivers:
Increasing Railroad Construction Across the Globe to increase Mobility and Ease of Transportation and Surging Demand of Elastic Rail Clips to Reduce the Wear and Tear of Rail Tracks and Increase Lifecycle
Challenges:
Some of Elastic Rail Clips Can Cause Indentation on the Foot of Rail
Restraints:
Concern Regarding theft or sabotage of Elastic Rail Clips as It Can Be Taken Out by Hammer
Opportunities:
Increasing Initiative of Rail Leaping and Implementation of Belt & Road Strategy by Chinese Government
Key Target Audience
Analysts and Strategic Business Planners, Elastic Rail Clips Manufacturers, Suppliers and Distributors of Elastic Rail Clips, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.