Railway Wiring Harness Market Introduction and Overview
According to SPER Market Research, the Global Railway Wiring Harness Market is estimated to reach USD 3.12 billion by 2033 with a CAGR of 5.5%.
The report includes an in-depth analysis of the Global Railway Wiring Harness Market, including market size and trends, product mix, applications, and supplier analysis. A railway wiring harness is a meticulously arranged and routed bundle of wires, cables, connections, and other electrical components that offers a dependable and effective electrical connection between various systems and equipment in a train. It is essential to the safe and dependable operation of many electrical and electronic systems, such as lighting, power supplies, control systems, signalling, and communication.
- In October 2022: Phoenix Dynamics Ltd. was purchased by HUBER+SUHNER in order to increase their industry impact. With this acquisition, HUBER+SUHNER will have access to Phoenix Dynamics' specialised cable assembly and design capabilities as well as a significant market presence in the railway wiring harness industry.
- In September 2021: Leading business in electronic connectivity, ERNI Group AG was bought by TE Connectivity, a leader in sensors and connectivity. With this acquisition, TE will increase its market footprint and customer base while strengthening its extensive connection capabilities.
Market Opportunities and Challenges
Developed nations have begun to plan for the development of autonomous rail networks, which will likely spur the expansion of the transportation industry. With the advent of autonomous trains, nations including China, India, South Korea, the US, the UK, Mexico, Brazil, and South Africa intend to completely transform their rail systems. By making infrastructural investments, rail manufacturers are growing geographically in order to produce driverless trains. By updating outdated systems and installing new ones, developed nations like North America and Europe are enhancing rail security and safety. The market for railway wiring harnesses has enormous opportunities for expansion because of the massive wiring needed for the deployment of new driverless trains and for upgrading existing ones.
Additionally, it is anticipated that the market may have an opportunity with the introduction of driverless trains. The transportation industry is predicted to grow as developed nations have started to design driverless train networks. By upgrading trains and replacing outdated technologies with more modern ones, Europe and North America are concentrating on enhancing passenger safety and security. A significant quantity of wire is required for the deployment of autonomous trains and retrofitting, which presents a tremendous opportunity for the market. The European Union, for example, launched the Fourth Railway Package initiative, which is in charge of the technical and structural redesign of the Single European Rail Area.
On the other hand, alterations in the environment may result in short circuits, corrosion, and other issues. The market for railway wire harnesses could grow more slowly during the predicted period due to high wiring complexity risks and poor maintenance. Copper, a key component in various industries like infrastructure and electricity, experiences price fluctuations influenced by global demand. The railway sector, a significant consumer of copper for wiring harnesses, faces cost challenges due to factors such as material prices, transportation, and labor costs. Labor-intensive wiring harness manufacturing, reliant on skilled workers, contributes to escalating input costs. All these factors hamper the railway wiring harness market growth.
Market Competitive Landscape
There are many national and international competitors fighting for market share in the fiercely competitive railway wiring harness industry. The major players in the Global Railway Wiring Harness 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, The Prysmian Group, Others. The majority of well-established businesses spend in R&D and ongoing technical advancement in an effort to maintain their market position.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Component, By Material, By Voltage, By Train Type, By Application
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Hitachi Metals, Ltd., HUBER+SUHNER, LEONI AG, LS Cable & System Ltd., Motherson Group, NKT A/S, Taihan Electric Wire Co. Ltd., TE Connectivity, The Prysmian Group, Others
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COVID-19 Impact on Global Railway Wiring Harness Market
The railway sector was severely impacted by the Covid-19 outbreak, which caused delays in project timetables, supply chains, and manufacturing. But when nations start to recover, it is anticipated that investments in railway infrastructure would increase, opening doors for the railway wiring harness industry to pick up steam.
Key Target Audience:
- Consultants and Engineering Firms
- Contractors and Suppliers
- Government and Regulatory Authorities
- Maintenance and Repair Teams
- Railway Engineers and Designers
- Railway Manufacturers
- Railway Operators
- Railway Technology Suppliers
- Others
Our in-depth analysis of the Railway Wiring Harness Market includes the following segments:
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By Component:
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Connector
Terminal
Wire
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By Material:
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Aluminum
Copper
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By Voltage:
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Low Voltage (Up to 1000V)
Medium Voltage (1000V to 25kV)
High Voltage (25kV to 230 kV)
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By Train Type:
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High-Speed Rail/Bullet Rail
Light Rail Transit
Metro Rail Transit/Monorail
Others
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By Application:
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Brake Harness
Engine Harness
HVAC Harness
Infotainment Harness
Lighting Harness
Transaction System Harness
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Key Topics Covered in the Report:
- Global Railway Wiring Harness Market Size (FY’2023-FY’2033)
- Overview of Global Railway Wiring Harness Market
- Segmentation of Global Railway Wiring Harness Market By Component (Connector, Terminal, Wire, Others)
- Segmentation of Global Railway Wiring Harness Market By Material (Aluminum, Copper, Others)
- Segmentation of Global Railway Wiring Harness Market By Voltage (Low Voltage, Medium Voltage, High Voltage, others)
- Segmentation of Global Railway Wiring Harness Market By Train Type (High-Speed Rail/Bullet Rail, Light Rail Transit, Metro Rail Transit/Monorail, Others)
- Segmentation of Global Railway Wiring Harness Market By Application (Brake Harness, Engine Harness, HVAC Harness, Infotainment Harness, Lighting Harness, Transaction System Harness, Others)
- Statistical Snap of Global Railway Wiring Harness Market
- Expansion Analysis of Global Railway Wiring Harness Market
- Problems and Obstacles in Global Railway Wiring Harness Market
- Competitive Landscape in the Global Railway Wiring Harness Market
- Impact of COVID-19 and Demonetization on Global Railway Wiring Harness Market
- Details on Current Investment in Global Railway Wiring Harness Market
- Competitive Analysis of Global Railway Wiring Harness Market
- Prominent Players in the Global Railway Wiring Harness Market
- SWOT Analysis of Global Railway Wiring Harness Market
- Global Railway Wiring Harness Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Railway Wiring Harness Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Railway Wiring Harness Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Railway Wiring Harness Market
7. Global Railway Wiring Harness Market, By Component (USD Million)
7.1. Global Railway Wiring Harness Market Value Share and Forecast, By Component, 2023-2033
7.2. Connector
7.3. Terminal
7.4. Wire
7.5. Others
8. Global Railway Wiring Harness Market, By Material (USD Million)
8.1. Global Railway Wiring Harness Market Value Share and Forecast, By Material, 2023-2033
8.2. Aluminum
8.3. Copper
8.4. Others
9. Global Railway Wiring Harness Market, By Voltage (USD Million)
9.1. Global Railway Wiring Harness Market Value Share and Forecast, By Voltage, 2023-2033
9.2. Low Voltage (Up to 1000V)
9.3. Medium Voltage (1000V to 25kV)
9.4. High Voltage (25kV to 230 kV)
9.5. Others
10. Global Railway Wiring Harness Market, By Train Type (USD Million)
10.1. Global Railway Wiring Harness Market Value Share and Forecast, By Train Type, 2023-2033
10.2. High-Speed Rail/Bullet Rail
10.3. Light Rail Transit
10.4. Metro Rail Transit/Monorail
10.5. Others
11. Global Railway Wiring Harness Market, By Application (USD Million)
11.1. Global Railway Wiring Harness Market Value Share and Forecast, By Application, 2023-2033
11.2. Brake Harness
11.3. Engine Harness
11.4. HVAC Harness
11.5. Infotainment Harness
11.6. Lighting Harness
11.7. Transaction System Harness
11.8. Others
12. Global Railway Wiring Harness Market Forecast, 2019-2033 (USD Million)
12.1. Global Railway Wiring Harness Market Size and Market Share
13. Global Railway Wiring Harness Market, By Component, 2019-2033 (USD Million)
13.1. Global Railway Wiring Harness Market Size and Market Share By Component (2019-2026)
13.2. Global Railway Wiring Harness Market Size and Market Share By Component (2027-2033)
14. Global Railway Wiring Harness Market, By Material, 2019-2033 (USD Million)
14.1. Global Railway Wiring Harness Market Size and Market Share By Material (2019-2026)
14.2. Global Railway Wiring Harness Market Size and Market Share By Material (2027-2033)
15. Global Railway Wiring Harness Market, By Voltage, 2019-2033 (USD Million)
15.1. Global Railway Wiring Harness Market Size and Market Share By Voltage (2019-2026)
15.2. Global Railway Wiring Harness Market Size and Market Share By Voltage (2027-2033)
16. Global Railway Wiring Harness Market, By Train Type, 2019-2033 (USD Million)
16.1. Global Railway Wiring Harness Market Size and Market Share By Train Type (2019-2026)
16.2. Global Railway Wiring Harness Market Size and Market Share By Train Type (2027-2033)
17. Global Railway Wiring Harness Market, By Application, 2019-2033 (USD Million)
17.1. Global Railway Wiring Harness Market Size and Market Share By Application (2019-2026)
17.2. Global Railway Wiring Harness Market Size and Market Share By Application (2027-2033)
18. Global Railway Wiring Harness Market, By Region, 2019-2033 (USD Million)
18.1. Global Railway Wiring Harness Market Size and Market Share By Region (2019-2026)
18.2. Global Railway Wiring Harness Market Size and Market Share By Region (2027-2033)
18.3. Asia-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America
19. Company Profile
19.1. Hitachi Metals, Ltd.
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. HUBER+SUHNER
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. LEONI AG
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. LS Cable & System Ltd.
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Motherson Group
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. NKT A/S
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Taihan Electric Wire Co. Ltd.
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. TE Connectivity
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. The Prysmian Group
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope