Railroad ties (also known as railway ties, crossties, or sleepers) are wooden beams that are used to support the rails and hold the track in place. Railroad ties are typically made from hardwoods, such as Oak, Maple, and Ash and are treated with creosote, a wood preservative. They can come in a variety of sizes, usually 8 to 10 feet in length and weighing around 200 pounds each.
Railroad ties are used in many countries around the world to hold the rails in place and support the track. The United States alone currently has over one million miles of railroad track, using over three hundred million railroad ties. In the United States, railroad ties are typically replaced after 25-30 years, but can last much longer depending on the maintenance and care they receive. The global market for railroad ties is estimated to be worth over ten billion USD.
The global Railroad Tie market was valued at US$ 2873.2 million in 2022 and is anticipated to reach US$ 3716.5 million by 2029, witnessing a CAGR of 3.7% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Railroad Tie Market available at: https://www.themarketreports.com/report/global-railroad-tie-market-research-report
This report aims to provide a comprehensive presentation of the global market for Railroad Tie, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Railroad Tie.
China and the United States have a larger sales market share which together account for 62%. Europe hold a market share of 16%.
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