Railway Wiring Harness Market Size, Share, Forecast Report, 2020-2027

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Railway Wiring Harness Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Railway Wiring Harness market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global railway wiring harness market size was valued at USD 2.5 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2020 to 2027. Wiring harnesses are mainly used for transmitting electric power and signals from the source to the given system safely and therefore is a crucial factor in the railway infrastructure. With the implementation of wiring harness, safe power transmission with minimum leakages can be assured.

The market is expected to witness significant growth over the forecast period owing to the rising developments and rapid changes in the quest for increase of economies, energy efficiency, effectiveness, reliability, and quality of railway infrastructure and transport. In addition, advancements in the electrical and mechanical systems used in the railways are expected to bolster the market growth.



Urban rail infrastructure has escalated in the past decade owing to the urbanization, growing environmental concerns, and rise in the population. These factors that lead to an increased demand for railway public transportation is anticipated to support the market growth. According to UIC (French: Union internationale des chemins de fer; English: International Union of Railways), the worldwide railway organization, the global railway lines was 1.1 million kilometers in 2017 as compared to 1.0 million in 2012. Such developments are expected to have a positive impact on the market.



Moreover, developments to provide better transportation facilities is expected to escalate the market growth. Railway wiring harnesses are widely used to ensure passenger safety and construction of new railway lines are also among the key factors driving the market growth. For instance, Dubai is working on extension of Dubai Metro Red Line, which is expected to be finished by the end of 2020. The Dubai Metro Red Line project cost is estimated to be USD 2.9 billion.



Furthermore, implementation of driverless trains is projected to be a potential opportunity for the market. Developed countries have commenced plans for the driverless train networks, which is expected to develop the transportation sector. Europe and North America are focusing on improving the passenger safety and security by replacing the existing as well as older systems with advanced systems and retrofitting trains. Deployment of driverless trains and retrofitting necessitate extensive amount of wiring, thus creating a huge opportunity for the market. For instance, an initiative named 4th railway package, was started in Europe, which is responsible for the structural and technical reformation of single European rail area.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Railway Wiring Harness market are included as given below:

Major companies operating in the market include Hitachi Metals, Ltd.; HUBER+SUHNER; LEONI AG; LS Cable & System Ltd.; Motherson Group; NKT A/S; Taihan Electric Wire Co. Ltd.; TE Connectivity; and The Prysmian Group. Most of the established companies are trying to sustain their market position by making investments in R&D and constant technological development.

The global Railway Wiring Harness market has been segmented as below:

� Component Outlook (Revenue, USD Billion, 2016 - 2027)

� Wire

� Connector

� Terminal

� Others

� Material Outlook (Revenue, USD Billion, 2016 - 2027)

� Aluminum

� Copper

� Others

� Voltage Outlook (Revenue, USD Billion, 2016 - 2027)

� Low Voltage (Up to 1000V)

� Medium Voltage (1000V to 25kV)

� High Voltage (25kV to 230 kV)

� Train Type Outlook (Revenue, USD Billion, 2016 - 2027)

� Metro Rail Transit/Monorail

� Light Rail Transit

� High-Speed Rail/Bullet Rail

� Others

� Application Outlook (Revenue, USD Billion, 2016 - 2027)

� HVAC Harness

� Lighting Harness

� Brake Harness

� Engine Harness

� Infotainment Harness

� Transaction System Harness

� Others

� Regional Outlook (Revenue, USD Billion, 2016 - 2027)

� North America

o U.S.

o Canada

� Europe

o U.K.

o Germany

o France

� Asia Pacific

o China

o India

o Japan

� Latin America

o Brazil

o Mexico

� Middle East & Africa

Reasons to Purchase this Report:

Estimates Railway Wiring Harness development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects