Railway Wiring Harness Market Size, Share, Growth Report 2030

Railway Wiring Harness Market

Railway Wiring Harness Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-6552 Status : Upcoming

For the transmission of electrical power and electronic signals, the wiring harness is predominantly used. A wiring harness is the joining of cables or electric vehicles with the use of several materials such as conduit, rubber, or vinyl. Among all the modes of transports, railway transport is one of the most user-friendly and effective modes of transportation. Thus, the application of wiring harnesses is extended to the railway sector at a faster rate.

Description

Global Railway Wiring Harness Market: Overview

For the transmission of electrical power and electronic signals, the wiring harness is predominantly used. A wiring harness is the joining of cables or electric vehicles with the use of several materials such as conduit, rubber, or vinyl. Among all the modes of transports, railway transport is one of the most user-friendly and effective modes of transportation. Thus, the application of wiring harnesses is extended to the railway sector at a faster rate.

Global Railway Wiring Harness Market: Growth Factors

The global railway wiring harness market is driven by numerous factors. Some of these include growing investment in the rail & transit sector to improve the mode of public transportation, increase in the use of electronically operated systems with growing demand for constant monitoring of trains, and increase in trend of digitalization in railway sector. Further, rapid urbanization has led to increase in adoption of new rail projects. In addition to this, there is increase in necessity to expand and upgrade existing rail infrastructure to enhance rail connectivity. Wiring harness is also used in the construction of connected trains and in the rail transportation industry these are the most remarkable type of trains. Connected trains provide safety & comfort to the passengers and are used to convey loads & large number of persons. All these factors are propelling the growth of the global railway wiring harness market. Moreover, increase in investment by the key players in the manufacture of wiring harness to enhance their durability and reliability is equally contributing to the growth of the global market. Also, an increase in the need for wiring harness for different types of trains such as light rail, high-speed rail/bullet train, and metro/monorail is also further propelling the growth of the market. Furthermore, the emergence of autonomous trains may lead to numerous beneficial opportunities for the growth of the global railway wiring harness market over the forecast period. However, fluctuating cost of copper and environmental challenges for wiring harness are some of the factors that may impede the growth of the global railway wiring harness market.

Some of the major railway wiring harness manufacturers declared a hold on production activities due to the reduction in demand during the pandemic period which has majorly affected the market growth. Further, overall demand for passenger rail vehicles went down in 2020, which is also contributed to the slow growth of the railway wiring harness market. In addition to this cut down in R&D budgets and new project approvals also affected the growth of the market

Global Railway Wiring Harness Market: Segmentation

The global railway wiring harness market is divided based on voltage, material, component, train type, application, and region. Based on voltage, the market is split into Up to 1000V (low voltage), 1000V to 25kV (medium voltage), and 25kV to 230 kV (high voltage). The material segment incorporates copper, aluminum, and others. Based on the component, the global railway wiring harness market is bifurcated into the terminal, connector, wire, and others. The train type segment consists of light rail transit, high-speed rail/bullet rail, metro rail transit/monorail, and others. The application segment is classified into HVAC harness, transaction system harness, infotainment harness, engine harness, brake harness, lighting harness, and others.

Global Railway Wiring Harness Market: Regional Analysis

Asia Pacific is expected to remain the highest revenue contributor in the global railway wiring harness market over the forecast period. Some of the major factors that are contributing to the significant growth of the market in the region include a large railway network, rapid developments of railway connectivity in emerging countries such as India & China, high spending on the advancement of the railway infrastructure, and presence of key market players. North America and Europe are also expected to contribute healthy revenue in the global railway wiring harness market during the forecast period.

Global Railway Wiring Harness Market: Competitive Players

The key players that are operating in the global railway wiring harness market are Motherson Group, LS Cable & System Ltd., LEONI AG, HUBER+SUHNER, Hitachi Metals, Ltd., The Prysmian Group, TE Connectivity, Taihan Electric Wire Co. Ltd., Advanced Transit Manufacturing and Fortitude Industries, Inc., and adaptronic Prüftechnik GmbH, among others.

Global Railway Wiring Harness Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global railway wiring harness market is driven by numerous factors and some of these include growing investment in rail & transit sector to improve the mode of public transportation, increase in use of electronically operated systems with growing demand for constant monitoring of trains, and increase in trend of digitalization in railway sector. Furthermore, the emergence of autonomous trains may lead to numerous beneficial opportunities for the growth of the global railway wiring harness market during the forecast period.

The key players that are operating in the global railway wiring harness market are Motherson Group, LS Cable & System Ltd., LEONI AG, HUBER+SUHNER, Hitachi Metals, Ltd., The Prysmian Group, TE Connectivity, Taihan Electric Wire Co. Ltd., Advanced Transit Manufacturing and Fortitude Industries, Inc., and adaptronic Prüftechnik GmbH, among others.

Asia Pacific is expected to remain the highest revenue contributor in the global railway wiring harness market over the forecast period. Some of the major factors that are contributing to the significant growth of the market in the region include a large railway network, rapid developments of railway connectivity in emerging countries such as India & China, high spending on the advancement of the railway infrastructure, and presence of key market players.

 

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