Railway Sleeper Market is Anticipating a 5.7% CAGR Growth, Reaching a Valuation of US$ 21.33 Billion by 2034 | Fact.MR Report
Continuous Investments in Railway Infrastructure Upgradation and Development Complementing Demand Growth for Railway Sleepers
Rockville, MD, Sept. 24, 2024 (GLOBE NEWSWIRE) — Latest projections by Fact.MR are that the global
Railway Sleeper Industry News:
- In October 2023, during the CII-organized International Rail Conference, which had as its theme “Innovation and Technology: Changing the Future of Railway,” Railway Board secretary Milind Deouskar declared that sleeper coaches would be added to India’s semi-high-speed Vande Bharat trains in order to accommodate passengers travelling long distances.
- An internationally renowned construction corporation, China Railway Group Limited (CREC), built a concrete sleeper facility that is already operational in Bangladesh. The nation’s first factory of its sort started producing concrete sleepers for a significant rail link project that connected to the largest bridge in Bangladesh, the Padma bridge, which is also being built by Chinese companies.
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the railway sleeper market for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges the railway sleeper market study by material (wood, concrete, composite, steel), load capacity (below 25 tons, 25 to 35 tons, above 35 tons), track type (tangents, turnouts, bridges, tunnels), and line type (main, transit, industrial) across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
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