Railway Wiring Harness Market Forecasts to 2028 – Global Analysis By Material Type (Copper, Aluminum), Application (Brake Harness, Engine Harness), End User (Original Equipment Manufacturer (OEM), Aftermarket) and By Geography
According to Stratistics MRC, the Global Railway Wiring Harness Market is accounted for $1.43 billion in 2020 and is expected to reach $2.42 billion by 2028 growing at a CAGR of 6.8% during the forecast period. Increasing smart city projects, rising adoption of electronic technology, and increasing investment in urban rail transit are the major factors propelling the market growth. However, environmental issues for wiring harnesses are hampering the market growth.
A Railway wiring harness is the collection and organization of wires or electrical cables that are utilized in railways, locomotive engines, bogies, and in several electronics and electrical devices. This wiring harness is used to control and reduce the transfer of shock and vibrations.
Based on the application, the infotainment segment is going to have a huge demand due to the rising demand for advanced technology infotainment systems. The infotainment system is capable of simultaneously receiving and analyzing the real-time piece of information referring to rail connections, business news, while fluently integrating to the train onboard displays individually each train equipped with the GPS system.
By geography, the Asia Pacific holds the largest share in the market due to the increasing population and need for better and faster transportation facilities. Various business initiatives undertaken by the governments of various countries are expected to have a positive impact on market growth.
Some of the key players profiled in the Railway Wiring Harness Market include IBM, Elcowire Group, Furukawa Electric Co., Ltd., General Cable, Hitachi, Huber+Suhner, Leoni, LS Cable & System Ltd, Nexans, NKT, Promark Electronics Inc., Prysmian, Samvardhana Motherson, Taihan Wire Co, Ltd., and TE Connectivity.
Estimated Market Size in 2020:
USD 1.43 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 2.42 billion
Tables, Graphs & Figures
Train Type, Component, Voltage, Cable Type, Material Type, Wire Length, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Train Types Covered:
• Metro Rail Transit/Monorail
• Light Rail Transit
• High-Speed Rail/Bullet Train
• Electric Train
• Low Voltage (Up to 1000V)
• Medium Voltage (1000V to 25kV)
• High Voltage (25kV to 230kV)
Cable Types Covered:
• Power Cable
• Transmission Cable
• Jumper Cable
Material Types Covered:
Wire Lengths Covered:
• Less Than 5 Feet
• Less than 15 Feet
• More Than 15 Feet
• Brake Harness
• Engine Harness
• Heating, Ventilation and Air-Condition (HVAC) Harness
• Infotainment Harness
• Lighting Harness
• Traction System Harness
End Users Covered:
• Original Equipment Manufacturer (OEM)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Railway Wiring Harness Market is majorly driven by the increasing smart city projects, rising adoption of electronic technology, and increasing investment in urban rail transit.
The low voltage (up to 1000V) segment is growing at the highest CAGR due to the increasing number of comfort systems, such as music systems, Wi-Fi devices, charger ports, and others, in trains.
Europe dominated with a significant market share due to the growing investments in rail infrastructure.
Asia Pacific market is growing at the highest CAGR due to rising population and need for better and faster transportation facilities.
Key players in Railway Wiring Harness Market include IBM, Elcowire Group, Furukawa Electric Co., Ltd., General Cable, Hitachi, Huber+Suhner, Leoni, LS Cable & System Ltd, Nexans, NKT, Promark Electronics Inc., Prysmian, Samvardhana Motherson, Taihan Wire Co, Ltd., and TE Connectivity.
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