Italy Concrete Railway Sleepers Market Size By Reinforcement Technique (Pre-Stressed Concrete Sleeper, Reinforced Concrete Sleeper), By Application (Main Line And Transit (Passenger And Freight), Industrial) And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Italy Concrete Railway Sleepers Market Size And Forecast
Italy Concrete Railway Sleepers Market size was valued at USD 105.62 Million in 2021 and is projected to reach USD 177.08 Million by 2030, growing at a CAGR of 5.83% from 2022 to 2030.
The demand for concrete sleepers in Italy is growing as there is changing trend of adopting high-speed trains. Also, the government of Italy is favoring the Italy Concrete Railway Sleepers Market by providing appropriate funding and support for the development of new railway lines. The Italy Concrete Railway Sleepers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Italy Concrete Railway Sleepers Market Definition
Railway sleepers, you might also know them as railroad ties, crossties, or railway ties, are those mostly rectangular things made of wood, concrete, steel, cast iron, or even some composite materials. They're laid out under the railway rails to hold everything together. Basically, they keep the rails steady both length-wise and sideways, keep the right distance between the rails, and spread out the train's weight evenly. Plus, they soak up all those train vibrations! Concrete sleepers are generally the toughest and easiest to care for. They're built strong with concrete and steel bars.
The key advantage of concrete sleepers pushing their adoption at a faster rate due to their higher stability with less maintenance. As these sleepers are made from concrete they can withstand external factors such as moisture, water, fire, insect attack, and corrosion. concrete sleepers are higher longevity and thus are preferred. As this sleeper type is heavier than the rest of the sleeper materials, thus is delivers excellent stability to the rails.
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Italy Concrete Railway Sleepers Market Overview
The demand for concrete sleepers in Italy is growing as there is changing trend of adopting high-speed trains. Smart sleeper development and deployment can benefit owners and maintainers of rail infrastructure by guiding maintenance and replacement decisions, gathering support condition data that gives insight into the condition of the track substructure, assisting in the development and validation of numerical models, and offering energy harvesting capabilities.
These have the effect of increasing the useful life of the sleepers and the nearby railway infrastructure, which serves as a necessary element of sustainable track system design. Also, the government of Italy is favoring the Italy Concrete Railway Sleepers Market by providing appropriate funding and support for the development of new railway lines. For instance, various projects outlined by the government under the National Recovery and Resilience Plan promotes investment in high-speed rail/rail network. Also, the project expenditure on the new high-speed line in Italy is also increased by over 50% to reduce travel time.
Apart from this, rising awareness towards sustainable development will boost the Italy Concrete Railway Sleepers Market. Over half, or 56% of the infrastructure funds designated under the National Recovery and Resilience Programme (NRRP), a component of Europe’s stimulus package to aid national economies in recovering from the epidemic, are going to Italy’s underdeveloped South, which is at the top of the list.
Also, key players are adopting growth strategies such as mergers and acquisitions, and partnerships in order to gain market share in the Italy market. For instance, In March 2022, the railway sector business unit of PSC Group is acquired by Salcef Group. These factors are expected to boost the market. However, these sleepers are reducing the density of railway slippers on railway tracks which might hinder the market. Also, the wide availability of substitutes may hinder market growth.
The Italy Concrete Railway Sleepers Market is Segmented on the basis of Reinforcement Technique and Application.
Italy Concrete Railway Sleepers Market, By Reinforcement Technique
Pre-stressed Concrete Sleeper
Reinforced Concrete Sleeper
To Get Summarized Market Report By Reinforcement Technique-
Looking at the market through the lens of Reinforcement Technique, we see it divided into two main typesPre-stressed concrete sleepers and Reinforced concrete sleepers. Experts predict pre-stressed concrete sleepers will see a significant bump in market value, with growth expected between 2023 and 2030. These sleepers are really important for how a railway line works, performs, and stays safe. They're becoming more popular, replacing older wooden sleepers because they're super durable and don't need as much maintenance. Plus, pre-stressed concrete sleepers are strong and resist tension really well, so they last longer without bending out of shape. People are always working to make these sleepers even better, improving how well they work and what they can do.
Italy Concrete Railway Sleepers Market, By Application
Main Line & Transit (Passenger and Freight)
Industrial
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Now, when we look at how these concrete railway sleepers are used (that's the "Application" part), we see the market is split into two main areasMain Line & Transit (for both passengers and freight) and Industrial uses. It looks like the Main Line & Transit sector is really going to take off, growing quite a bit between 2023 and 2030 and adding significant value to the market. Think of main lines as the highways of the railway world. They're often shared by different train companies, while smaller side tracks and branches are usually run by just one company. Interestingly, the default setting for railway points, or switches, is usually towards the main line. In 2021, the main lines that carry passengers and freight accounted for over half of the entire Italy Concrete Railway Sleepers Market. As more people need public transport because the population is growing, the demand for these railway sleepers keeps increasing.
Key Players
The “Italy Concrete Railway Sleepers Market” study report will provide valuable insight with an emphasis on the market including some of the major players such as Salcef Group S.p.A. (Overail S.r.l.), Margaritelli Ferroviaria S.p.A., WEGH Group S.p.A., Plan s.r.l, Greenrail, TSF-A, MCT Italy S.r.l., Abetong, Rail Europe Solutions. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above.
Salcef acquired the PSC Group’s railway business unit.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2030
BASE YEAR
2021
FORECAST PERIOD
2022-2030
HISTORICAL PERIOD
2018-2020
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Salcef Group S.p.A. (Overail S.r.l.), Margaritelli Ferroviaria S.p.A., WEGH Group S.p.A., Plan s.r.l, Greenrail, TSF-A, MCT Italy S.r.l., Abetong, Rail Europe Solutions.
SEGMENTS COVERED
By Reinforcement Technique
By Application
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