The Railway Wiring Harness Market is expected to grow from USD 2,233.1 million in 2020 to USD 2,972.4 million by 2026 at a CAGR of 4.9% from 2020 to 2026.
The Wiring Harness is a cluster of electrical cables in a well organized manner which supports in supplying power to several electronic and electrical devices and in the transmitting of signals. It is generally used in railway coaches and locomotive engines to reduce and control the effect of the vibrations. In trains, it is specifically installed where there is the possibility of abrasion. Railway wiring harness is broadly applicable due to the adoption of internet services such as LAN for communication. The railway wiring harness market has an enormous potential to develop, owing to the rising security and administration frameworks across the world. In addition, growing smart city projects as well as could be projected expanding rail line projects are likewise to a great extent impacting the development of the railway wiring harness market. Furthermore, the implementation of the wiring bridle for safe force transmission with the minimum spillages is another driver propels the development of the Railway Wiring Harness Market, which thusly is driving the growth of the Railway Wiring Harness Market. With the increasing levels of urbanization across the world, there has been a need for a modest and effective method of transportation which has brought about an growth in the selection of railways, which has therefore prompted a focus on the turn of events and establishment of railroad lines on several areas by the authorities, these factors will propel the global Railway Wiring Harness Market. In addition, the increasing awareness among the population resulted in introduction of safety service systems to create a positive impact on the market growth. Additionally, the rising improvements and rapid changes in the pursuit for an expansion of economies, consistency, energy effectiveness and worth of railroad foundation and transport will further support the development of the Railway Wiring Harness Market over forecasted period. On contrary, the rising issues associated to corrosion due to the changing weather conditions will hamper market growth.
Besides, the developed countries have established plans for the advancement of driverless train networks, which is projected to accelerate the growth of the transportation sector. Countries such as China, South Korea, India, the US, the UK, Mexico, Brazil, and South Africa are planning to transform their rail networks with the introduction of driverless trains. Thus, the trend of driverless train is likely to create opportunity for the market growth.
The global Railway Wiring Harness Market is segregated on the basis of component as Wire, Connector, Terminal and Others. Based on Material the global Railway Wiring Harness Market is segmented in Aluminum, Copper and Others. Based on Voltage the global Railway Wiring Harness Market is segmented in Low Voltage (Up to 1000V), Medium Voltage (1000V to 25kV) and High Voltage (25kV to 230 kV). Based on Train Type the global Railway Wiring Harness Market is segmented in Metro Rail Transit/Monorail, Light Rail Transit, High-Speed Rail/Bullet Rail and Others. Based on Application the global Railway Wiring Harness Market is segmented in HVAC Harness, Lighting Harness, Brake Harness, Engine Harness, Infotainment Harness, Transaction System Harness and Others.
The global Railway Wiring Harness Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Railway Wiring Harness Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Advanced Transit Manufacturing, Fortitude Industries, Inc., Alvern Cables, Furukawa Electric Co., Ltd., AQ Group and others are among the major players in the global Railway Wiring Harness Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Railway Wiring Harness Market has been segmented as below:
Railway Wiring Harness Market, By Component
Railway Wiring Harness Market, By Material
Railway Wiring Harness Market, By Voltage
Railway Wiring Harness Market, By Train Type
Railway Wiring Harness Market, By Application
Railway Wiring Harness Market, By Region
Railway Wiring Harness Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Railway Wiring Harness Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Railway Wiring Harness Market share. Major industry players with significant revenue share include Advanced Transit Manufacturing, Fortitude Industries, Inc., Alvern Cables, Furukawa Electric Co., Ltd., AQ Group and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Railway Wiring Harness Market, By Component
5.1. Key Points
5.2. Wire
5.3. Connector
5.4. Terminal
5.5. Others
6. Railway Wiring Harness Market, By Material
6.1. Key Points
6.2. Aluminum
6.3. Copper
6.4. Others
7. Railway Wiring Harness Market, By Voltage
7.1. Key Points
7.2. Low Voltage (Up to 1000V)
7.3. Medium Voltage (1000V to 25kV)
7.4. High Voltage (25kV to 230 kV)
8. Railway Wiring Harness Market, By Train Type
8.1. Key Points
8.2. Metro Rail Transit/Monorail
8.3. Light Rail Transit
8.4. High-Speed Rail/Bullet Rail
8.5. Others
9. Railway Wiring Harness Market, By Application
9.1. Key Points
9.2. HVAC Harness
9.3. Lighting Harness
9.4. Brake Harness
9.5. Engine Harness
9.6. Infotainment Harness
9.7. Transaction System Harness
9.8. Others
10. Competitive Landscape
10.1. Introduction
10.2. Start-up companies- Railway Wiring Harness Market
10.3. Recent Developments
10.3.1. Mergers & Acquisitions
10.3.2. New Product Developments
10.3.3. Portfolio/Production Capacity Expansions
10.3.4.Joint Ventures, Collaborations, Partnerships & Agreements
10.3.5. Others
11. Company Profile
11.1. Advanced Transit Manufacturing
11.2. Fortitude Industries, Inc.
11.3. Alvern Cables
11.4. Furukawa Electric Co., Ltd.
11.5. AQ Group
11.6. CMI
11.7. Deca Cables
11.8. Elcowire Group
11.9. Gaon Cable
11.10. GP
11.11. Helukabel
11.12. Hitachi Ltd.
11.13. Huber+Suhner
11.14. IEWC
11.15. Jiangnan Group
11.16. KEI Industrie
11.17. Leoni
11.18. LS Cable & System Ltd
11.19. Milrail
11.20. Nexan
11.21. Tecnikabel
11.22. TE Connectivity
11.23. Taihan Wire Co, Ltd.
11.24. Samvardhana Motherson International Limited
11.25. Prysmian Group
Railway Wiring Harness Market, By Component
Railway Wiring Harness Market, By Material
Railway Wiring Harness Market, By Voltage
Railway Wiring Harness Market, By Train Type
Railway Wiring Harness Market, By Application
Railway Wiring Harness Market, By Company