Railway Fishplate Market Report 2026

The railway fishplate market size has grown steadily in recent years. It will grow from $4.79 billion in 2025 to $5 billion in 2026 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to expansion of railway track networks, increasing rail traffic volumes, growth of electrified rail systems, regular track maintenance requirements, availability of standardized rail joint components.

The railway fishplate market size is expected to see steady growth in the next few years. It will grow to $5.81 billion in 2030 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to increasing investments in rail infrastructure modernization, rising demand for long-life track components, expansion of high-speed rail networks, growing focus on reducing track maintenance cycles, increasing adoption of advanced rail materials. Major trends in the forecast period include increasing use of high-strength and insulated rail joints, rising demand for heavy-duty track components, growing adoption of insulated fishplates for electrified lines, expansion of rail network maintenance activities, enhanced focus on track stability and safety.

The expansion of high-speed rail transport is expected to drive the growth of the railway fishplate market in the coming years. High-speed rail transport refers to railway systems engineered to operate at speeds significantly higher than those of conventional trains, typically reaching 250 km/h (155 mph) or more on dedicated tracks, with some systems exceeding 300 km/h (186 mph). These trains rely on advanced propulsion, braking, and stability technologies to ensure safety at high speeds and require specially designed tracks with minimal curvature and limited grade crossings. Railway fishplates play a critical role in supporting high-speed rail networks by securely joining and reinforcing rail sections at junctions, ensuring smooth transitions and maintaining track stability essential for safe high-speed operations. For example, in January 2024, Eurostar International Ltd., a UK-based railway operator, reported carrying 18.6 million passengers in 2023, representing a 22% increase compared to 2022. Therefore, the growth of high-speed rail transport is contributing to the expansion of the railway fishplate market.

Major companies operating in the railway fishplate market are investing in new manufacturing facilities for insulated rail joints to address the rising demand for advanced railway infrastructure solutions. These facilities are focused on producing high-quality insulated rail joints that provide effective electrical isolation between rail segments, which is crucial for modern signaling and safety systems. For instance, in February 2023, L.B. Foster, a US-based provider of rail and infrastructure products and services, inaugurated a new manufacturing facility in Juiz de Fora, Brazil, dedicated to producing bonded insulated rail joints. This facility is designed to manufacture high-performance joints that support the safe and reliable operation of rail networks. The production process involves cutting steel rails into sections, inserting insulating materials such as Kevlar between the rail ends, and bonding the components using high-integrity epoxy.

In January 2024, Pandrol, a France-based global supplier of rail fastening systems and aluminothermic welding solutions, entered into a strategic partnership with Rosenqvist Rail, a Sweden-based manufacturer of rail equipment. Under this agreement, Pandrol became the exclusive distributor of Rosenqvist Rail’s equipment in selected markets, including the UK, Ireland, France, and Australia. Through this alliance, Pandrol aims to expand its rail infrastructure portfolio by combining its global sales and system delivery capabilities with Rosenqvist Rail’s specialized technical equipment, thereby strengthening its track hardware offerings and market presence. Rosenqvist Rail is a Sweden-based provider of track work machinery and rail infrastructure equipment commonly used alongside rail fastening components such as fishplates and joint bars.

Major companies operating in the railway fishplate market report include L.B. Foster, Jekay International Track Pvt Ltd, Monteferro USA Inc. LLC, Jiangsu Railteco Equipment Co. Ltd., Linzhou Changda Railway Materials Co. Ltd, Taicang Zhongbo Railway Fastening Co. Ltd., Shanghai Suyu Railway Material Co. Ltd., Harmer Steel Products Company, Surya Alloy Industries Limited, Bhaskar Industries Pvt Ltd, N. Mohanlal Railtrack Pvt. Ltd, Anyang General International Co. Ltd, Techma Engineering Enterprise Private Limited, Henry Williams Limited, Royal Infraconstru Ltd, Progress Rail Services Corporation, Voestalpine AG, ArcelorMittal S.A., Pandrol Limited, Schwihag AG, CRRC Corp. Ltd., Koppers Holdings Inc., Unipart Group Limited, Tata Metaliks Limited, Vossloh AG.

North America was the largest region in the railway fishplate market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the railway fishplate market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the railway fishplate market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The railway fishplates market consists of sales of joint bars, splice bars, and angle bars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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