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Global Railway Wiring Harness Market – Industry Trends and Forecast to 2029

  • Automotive
  • Upcoming Report
  • Nov 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220
  • Automotive
  • Upcoming Report
  • Nov 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Railway Wiring Harness Market, By Cable Type (Transmission Cable, Power Cable, Jumper Cable, Others), Component (Connect, Wire, Terminal, Others), Length (Less Than 5.0 Feet, 1-10.0 Feet, 1-15.-0 Feet, 1-20.0 Feet, More Than 20.01 Feet), Material (Aluminum, Copper, Others), Voltage (High, Medium, Low), Train Type (Light Rail, High Speed Rail/Bullet Train, Metro/Monorail), Application (Lighting Harness, Brake Harness, Engine Harness, HVAC Harness, Traction System Harness, Infotainment Harness, Others), Distribution Channel (OEMs, Aftermarket) – Industry Trends and Forecast to 2029.

Railway Wiring Harness Market

Railway Wiring Harness Market Analysis and Size

The urban rail infrastructure has accelerated in the past decade due to rising urbanization, growing environmental concerns and the rise in population factors leading to the increasing demands of transportation services across the globe. According to International union of railways, the rising expansion of the global railway lines is also contributing to the growth of the market over the forecasted period.

Global railway wiring harness market was valued at USD 1.50 billion in 2021 and is expected to reach USD 2.15 billion by 2029, registering a CAGR of 4.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.

Railway Wiring Harness Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Cable Type (Transmission Cable, Power Cable, Jumper Cable, Others), Component (Connect, Wire, Terminal, Others), Length (Less Than 5.0 Feet, 1-10.0 Feet, 1-15.-0 Feet, 1-20.0 Feet, More Than 20.01 Feet), Material (Aluminum, Copper, Others), Voltage (High, Medium, Low), Train Type (Light Rail, High Speed Rail/Bullet Train, Metro/Monorail), Application (Lighting Harness, Brake Harness, Engine Harness, HVAC Harness, Traction System Harness, Infotainment Harness, Others), Distribution Channel (OEMs, Aftermarket)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Motherson. (India), NKT A/S (Denmark), GAON CABLE Co. (South Korea), Alvern Cables (South Africa), KEI Industries Limited (India), TE Connectivity. (Switzerland), IEWC (U.S.), Milrail (Canada), FURUKAWA ELECTRIC CO., LTD. (Japan), HELUKABEL GmbH (Germany), GPC Electronics Pty Ltd (Australia), Hitachi Metals, Ltd. (Japan), Allied Connectors. (India), LEONI AG (Germany), General Cable Energy India Pvt. Ltd (U.S.), NEXANS (France), adaptronic, Wertheim (Germany), Kaynes Technology (India)

Market Opportunities

  • Funding in the research and development
  • Rising automation trend in the railways across the globe

Market Definition

The railway wiring harness is generally a set of cables and wires that are usually trimmed in order to meet the requirement in the needs of the component as well as the devices. These wires are connected to the transmitter to receive the required outcome.

Global Railway Wiring Harness Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Surging Railway Related Projects

The rising railway related projects due to rapid urbanization and rising economic growth are the primary factors driving the growth of the market over the forecasted period. The government across and all over the Asia-Pacific region in the countries such as India, China and others have been expanding their existing rail infrastructures to improve the overall rail connectivity and initiate enhanced transporting modes. All these factors are driving the growth of the railway wiring harness market.

  • Safe Power Transmission

The rising need to implement wiring harness in railways for the safe power transmission is the factor driving the market's growth over the forecasted period. The safety initiatives related to the wiring harness in the railways are important as they are bundled together and manufactured to serve a particular purpose and factors such as corrosion or others can cause malfunction of the harness. These initiatives ensure proper and efficient working and management of the wiring harness of the railways. Hence, these initiatives are driving the growth of the market over the forecasted period.

Opportunities

  • Growing Trend of Automation across Railways

The advancements in the field of railways is estimated to generate lucrative opportunities for the market. The growing trend of driverless trains and related automation techniques and controls have been the greatest achievement for the railways and automotive sector. The developing nations such as India, China and others have been deploying driverless trains in order to achieve enhanced outcomes and time-efficient deliveries. Moreover, developed nations such as North America and others are readily focusing on enhancement of the safety and efficacy guidelines of the railways. All these factors are creating lucrative growth opportunities for the market over the forecasted period.

Restraints/Challenges

  • Corrosion on the electric wirings

One of the barriers to market expansion is the corrosion on the electric wiring harness due to environmental changes. The high corrosion rates further create hindrances for the market’ growth.

  • High costs of management

The high costs associated with the management and in the production of the advanced technologies is the factor projected to pose as a challenge for the railway wiring harness market over the forecast period.

This railway wiring harness market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the railway wiring harness market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Railway Wiring Harness Market

The coronavirus outbreak is projected to hugely impact the market. The railway wiring harness market’s manufacturing units have been shut down due to the restrictions during the lockdown generated amidst pandemic and the new aircraft deliveries were also affected in a negative way. Although the unavailability of skilled professionals have affected the market, the market is projected to show growth in the manufacturing and production units during the post-pandemic era due to the up-liftment of the restrictions post lockdown.

Recent Developments

  • In 2022, Leoni AG, global provider solution, services and products for energy and data management sold significant parts of its business to BizLink. The financed deal will greatly improve the financial solution of the firm. 

Global Railway Wiring Harness Market Scope

The railway wiring harness market is segmented on the basis of cable type, component, length, material, voltage, train type, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Cable Type

  • Transmission Cable
  • Power Cable
  • Jumper Cable
  • Others

Component

  • Connect
  • Wire
  • Terminal
  • Others

Length

  • Less Than 5.0 Feet
  • 1-10.0 Feet
  • 1-15.-0 Feet
  • 1-20.0 Feet
  • More Than 20.01 Feet

Material

Voltage

  • High
  • Medium
  • Low

Train Type

  • Light Rail
  • High Speed Rail/Bullet Train
  • Metro/Monorail

Application

  • Lighting Harness
  • Brake Harness
  • Engine Harness
  • HVAC Harness
  • Traction System Harness
  • Infotainment Harness
  • Others

Distribution Channel

  • OEMs
  • Aftermarket

Railway Wiring Harness Market Regional Analysis/Insights

The railway wiring harness market is analyzed and market size insights and trends are provided by cable type, component, length, material, voltage, train type, application and distribution channel as referenced above.

The countries covered in the railway wiring harness market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the railway wiring harness market because of the rise in investments and the railway infrastructure within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in the population factor and the rising demands for better and more efficient transportation services.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.    

Competitive Landscape and Railway Wiring Harness Market Share Analysis

The railway wiring harness market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to railway wiring harness market.

Some of the major players operating in the railway wiring harness market are

  • Motherson. (India)
  • NKT A/S (Denmark)
  • GAON CABLE Co. (South Korea)
  • Alvern Cables (South Africa)
  • KEI Industries Limited (India)
  • TE Connectivity. (Switzerland)
  • IEWC (U.S.)
  • Milrail (Canada)
  • FURUKAWA ELECTRIC CO., LTD. (Japan)
  • HELUKABEL GmbH (Germany)
  • GPC Electronics Pty Ltd (Australia)
  • Hitachi Metals, Ltd. (Japan)
  • Allied Connectors. (India)
  • LEONI AG (Germany)
  • General Cable Energy India Pvt. Ltd (U.S.)
  • NEXANS (France)
  • Wertheim (Germany)
  • Kaynes Technology (India)


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Frequently Asked Questions

The Railway Wiring Harness Market is projected to grow at a CAGR of 4.60% during the forecast period by 2029.
The future market value of the Railway Wiring Harness Market is expected to reach USD 2.15 billion by 2029.
The major players in the Railway Wiring Harness Market are Motherson. (India), NKT A/S (Denmark), GAON CABLE Co. (South Korea), Alvern Cables (South Africa), KEI Industries Limited (India), TE Connectivity. (Switzerland), IEWC (U.S.), Milrail (Canada), FURUKAWA ELECTRIC CO., LTD. (Japan), HELUKABEL GmbH (Germany), etc.
The country covered in the Railway Wiring Harness Market is U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, etc.