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.
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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.
Train Types Covered:
• Metro Rail Transit/Monorail
• Light Rail Transit
• High-Speed Rail/Bullet Train
• Electric Train
Components Covered:
• Connector
• Terminal
• Wire
Voltages Covered:
• 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:
• Copper
• Aluminum
Wire Lengths Covered:
• Less Than 5 Feet
• Less than 15 Feet
• More Than 15 Feet
Applications Covered:
• 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)
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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