Railway Wiring Harness Market - Global Forecast to 2025
DUBLIN, July 26, 2018 /PRNewswire/ --
The "Railway Wiring Harness Market by Application (HVAC, Lighting, Traction System, Infotainment), Material, Train Type (Metro/Monorail, Light Rail, HRS), Component (Wire, Connector), Voltage (High, Low), Cable Type, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The railway wiring harness market is estimated to be USD 2.36 billion in 2018 and is projected to reach USD 4.21 billion by 2025, at a CAGR of 8.61% from 2018 to 2025.
The key growth drivers for the market are the growing number of new railway projects and increasing demand for advanced applications and features in a train.
The high-speed rail/bullet train segment is estimated to be the fastest growing market for railway wiring harness. The increased focus on high-speed rail programs in the Asia Pacific, Europe, and North America and the increasing government investments in rail infrastructure and equipment would drive the market for railway wiring harness. The rapid growth of the high-speed train network can be attributed to the numerous benefits of the high-speed train technology, which includes freight transport. The increase in the adoption rate of high-speed trains has raised the demand for railway wiring harness across the globe.
According to the Union des Industries Ferroviaires Europennes (UNIFE), Asia Pacific has the second-largest rail network in the world. Countries such as China, Japan, India, and South Korea are supporting the growth of the railway industry, thus driving the growth of the railway wiring harness market.
The low voltage segment of the railway wiring harness market is projected to grow at the highest CAGR during the forecast period. The increasing number of comfort systems such as charger port, Wi-Fi devices, music system, and others has increased the demand for low voltage wiring. The Asia Pacific is expected to be the fastest growing market for low voltage wiring because of the ongoing investments in upgrading the technology of the rolling stock.
The infotainment segment of the railway wiring harness market is projected to grow at the highest CAGR during the forecast period. Infotainment systems are anticipated to show substantial growth in the coming years due to the increasing adoption of high-end electronics features by rail manufacturers. Therefore, the rising installation of high-end electronics and safety features in the metro, light rail, and high-speed rail/bullet train is the key factor fueling the growth of the market.
Europe is estimated to be the largest market for railway wiring harness. The rail industry in Europe is the largest for rail products, services, and high-tech rolling stock. The European railway industry is technologically advanced and is witnessing fast progress in upgrading its total infrastructure with connected technology.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Railway Wiring Harness Market
4.2 Europe to Lead the Global Market in 2025
4.3 Market, By Application
4.4 Market, By Train Type
4.5 Market, By Material
4.6 Market, By Voltage
4.7 Market, By Cable Type
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Railway Projects
5.2.1.2 Increased Safety and Service Systems
5.2.1.3 Rising Smart City Projects
5.2.2 Restraints
5.2.2.1 Environmental Challenge for Wiring Harness
5.2.3 Opportunities
5.2.3.1 Growing Trend of Driverless Trains
5.2.3.2 Need for Energy Efficient Wiring System
5.2.4 Challenges
5.2.4.1 Fluctuating Price of Copper
5.2.4.2 Durability Issues
6 Railway Wiring Harness Market, By Application
6.1 Introduction
6.2 Hvac Harness
6.3 Lighting Harness
6.4 Brake Harness
6.5 Traction System Harness
6.6 Engine Harness
6.7 Infotainment Harness
6.8 Others
7 Railway Wiring Harness Market, By Cable Type
7.1 Introduction
7.2 Power Cable
7.3 Transmission Cable
7.4 Jumper Cable
7.5 Others
8 Railway Wiring Harness Market, By Component
8.1 Introduction
8.2 Wire
8.3 Connector
8.4 Terminal
8.5 Others
9 Railway Wiring Harness Market, By Material
9.1 Introduction
9.2 Copper
9.3 Aluminum
9.4 Others
10 Railway Wiring Harness Market, By Voltage
10.1 Introduction
10.2 Low
10.3 Medium
10.4 High
11 Railway Wiring Harness Market, By Train Type
11.1 Introduction
11.2 Metro/Monorail
11.3 Light Rail
11.4 High-Speed Rail/Bullet Train
12 Railway Wiring Harness Market, By Region
12.1 Introduction
12.2 Asia Pacific
12.3 Europe
12.4 North America
12.5 Middle East & Africa (MEA)
12.6 The Rest of the World
13 Competitive Landscape
13.1 Overview
13.2 Railway Wiring Harness Market Ranking Analysis
13.3 Competitive Situation & Trends
13.4 Expansions
13.5 Mergers & Acquisitions
13.6 New Product Developments
13.7 Partnerships/Agreements/Collaborations/ Supply Contracts
14 Company Profiles
14.1 Furukawa
14.2 Leoni
14.3 Hitachi
14.4 Nexans
14.5 Prysmian
14.6 TE Connectivity
14.7 Samvardhana Motherson
14.8 General Cable
14.9 Taihan
14.10 NKT
14.11 Huber-Suhner
14.12 Ls Cables & Systems
14.13 Other Key Regional Companies
14.13.1 Asia Pacific
14.13.1.1 KEI Industries
14.13.1.2 CMI
14.13.1.3 Gaon Cable
14.13.1.4 Jiangnan Group
14.13.2 Europe
14.13.2.1 Helukabel
14.13.2.2 AQ Group
14.13.2.3 Tecnikabel
14.13.3 North America
14.13.3.1 IEWC
14.13.3.2 GPC
14.13.3.3 Deca Cables
14.13.3.4 Milrail
14.13.4 Rest of the World
14.13.4.1 UMMC
14.13.4.2 Alvern Cables
For more information about this report visit https://www.researchandmarkets.com/research/8crmzd/railway_wiring?w=5
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