Railway Wiring Harness Market Growth, Size, Trends, Revenue, Share, Demand and Future Outlook

Railway Wiring Harness Market Size- By Component, By Material, By Voltage, By Train Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Railway Wiring Harness Market Size- By Component, By Material, By Voltage, By Train Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Dec 2023 Report ID: AMIN23194 Pages: 1 - 244 Formats*:     
Category : Automotive & Transportation
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.
Railway Wiring Harness Market
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.

Railway Wiring Harness Market


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 coveredBy Component, By Material, By Voltage, By Train Type, By Application
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 Companies CoveredHitachi 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
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:
By Component:
  • Connector
  • Terminal
  • Wire
  • By Material:
  • Aluminum
  • Copper
  • By Voltage:
  • Low Voltage (Up to 1000V)
  • Medium Voltage (1000V to 25kV)
  • High Voltage (25kV to 230 kV)
  • By Train Type:
  • High-Speed Rail/Bullet Rail
  • Light Rail Transit
  • Metro Rail Transit/Monorail
  • Others
  • By Application:
  • Brake Harness
  • Engine Harness
  • HVAC Harness
  • Infotainment Harness
  • Lighting Harness
  • Transaction System Harness
  • 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

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Railway Wiring Harness Market is projected to reach USD 3.12 billion by 2033, growing at a CAGR of 5.5% during the forecast period.
    Railway Wiring Harness Market grew in market size from 2023. The Market is expected to reach USD 3.12 billion by 2033, at a CAGR of 5.5% during the forecast period.
    Railway Wiring Harness Market CAGR of 5.5% during the forecast period.
    You can get the sample pages by clicking the link -Click Here
    Railway Wiring Harness Market size is USD 3.12 billion from 2023 to 2033.
    Railway Wiring Harness Market Segment is Covered By Component, By Material, By Voltage, By Train Type, By Application
    The North America region is anticipated to have the highest market share in Railway Wiring Harness Market.
    The key players in the market include 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
    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.
    Not able to find what you are looking for? Need customization in the existing report?
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