Railway Wiring Harness Market by Application (HVAC, Lighting, Traction System, and Infotainment), Material (Aluminum, Copper, and Others), Train Type (Metro/Monorail, Light Rail, and HRS), Component (Wire and Connector), Voltage (High and Low), and Cable (Transmission Cable, Jumper Cable, and Power Cable), Global Opportunity Analysis and Industry Forecast, 2019–2026

Freight & Logistics	AU_195624	Pages: NA	Jan 2020 \| 253 Views
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Railway Wiring Harness Market Outlook: 2026

Wire harness is assembly of electrical cables into an organized system to aid signal transmission and power up different electronic and electrical devices. This system is used in locomotive engines and coaches to control and minimize shock transfer and vibration. It is installed in trains where abrasion could occur and in places where sharp or rough edges are present. Railway wiring harness in trains is preferred in volume due to adoption of internet services through LAN, which is used for communication. This has influenced the Railway Wiring Harness Market.

The factor that drives the Railway Wiring Harness Market include benefits offered by this technology such as real-time monitoring, auditability, and scalability of information. Increasing railway projects due to urbanization and progressive economic growth across the world leads to increased investments in the rail and transit sector to enhance the quality of public transport. The governments of developing countries are carrying out new rail projects, upgrading and expanding their existing rail infrastructure to improve their overall rail connectivity. The adoption of High-Speed Rail (HSR) transport is increasing heavily since the ridership in the HSR-operated countries is increasing to experience enhanced transporting modes. Also, the rise in smart city projects drives the market.

In addition, the factors that restrain the railway wiring harness market growth are include fluctuating price of raw material such as copper, aluminum, and plastic. Also, the electrical wiring system is prone to corrosion because of changes in environmental conditions, the wiring systems are operated under high loads, which can reduce their durability. This can cause malfunction of various systems inside the train and lead to downtime or delays. These are some major factors that hamper the growth of the market. However, rising trend of driverless trains and demand for energy efficient wiring system create opportunities for the Railway Wiring Harness Market

The major companies profiled in for the Railway Wiring Harness Market share include Furukawa (Japan), Leoni (Germany), Hitachi (Japan), Nexans (France), and Prysmian (Italy), TE Connectivity (Switzerland), Samvardhana Motherson (India), General Cable (US), Taihan (South Korea), NKT (Denmark), and others.

The Railway Wiring Harness Market is segmented on the basis of application, material, train type, component, voltage, cable, and region. Based on application into HVAC, lighting, traction system, and infotainment. By material, it is classified into aluminum, copper, and others. On the basis of Train Type, it is categorized into Metro/Monorail, Light Rail, and HRS. On the basis of component, it is bifurcated into Wire and Connector. By voltage, it is segmented into High and Low. On the basis of cable type, it is classified into transmission cable, jumper cable, and power cable. By region, it analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

This study comprises analytical depiction of the railway wiring harness market with current trends and future estimations to depict the imminent investment pockets.
The overall potential is determined to understand the profitable trends to gain a stronger foothold Railway Wiring Harness industry.
The Railway Wiring Harness Market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

KEY MARKET SEGMENTS

By Application

HVAC
Lighting
Traction System
Infotainment

By Material

Aluminum
Copper
Others

By Train Type

Metro/Monorail
Light Rail
HRS

By Voltage

High
Low

By Component

Wire
Connector

By Cable

Transmission Cable
Jumper Cable
Power Cable

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Spain
- Russia
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

KEY MARKET PLAYERS PROFILED

IBM
Furukawa
Leoni
Hitachi
Nexans
Prysmian
TE Connectivity
Samvardhana Motherson
General Cable
Taihan
NKT

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