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Elastic Rail Fastener market was valued at US$ 1302.5 million in 2020 and is expected to reach US$ 1465.6 million by the end of 2027, growing at a CAGR of 1.7% - Valuates reports
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Elastic rail fastener is used to link the rail and tie (or other types of track basis) on the track, also known as the intermediate coupling member.
It includes spikes, pads under rail and elastic fastener clips.
Fasteners should be long-term, effectively maintaining a reliable link rail and sleepers, preventing relative movement of the rail sleepers, and can give full play to its performance under dynamic shock absorption cushioning effect, delaying the accumulation of residual deformation track.
Thus it requires sufficient strength, durability and some flexibility, but also simple structure, easy installation and removal.
The Elastic Rail Fastener industry concentration is relatively high in United States. United States giant market is dominated by three companies, i.e. Pandrol, Vossloh and L.B. Foster. These three manufacturers occupies above 70% of the whole market volume, and they has more types of products.
This report focuses on Elastic Rail Fastener volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Elastic Rail Fastener market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
➣Concrete Pillow Fastener
➣Buckle Plate Fastener
➣Spring Fastener
Segment By Application
➣Conventional Rail
➣High Speed
➣Heavy-haul
➣Urban Transport
Get Detailed Report - https://reports.valuates.com/market-reports/QYRE-Auto-25S8750/global-elastic-rail-fastener
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You can edit or delete your press release Elastic Rail Fastener market was valued at US$ 1302.5 million in 2020 and is expected to reach US$ 1465.6 million by the end of 2027, growing at a CAGR of 1.7% - Valuates reports here
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