The global Railway Wiring Harness market size is expected to be worth around US$ 5.04 billion by 2028, according to a new report by Vision Research Reports.
The global Railway Wiring Harness market size was valued at US$ 2.4 billion in 2020 and is anticipated to grow at a CAGR of 8.8% during forecast period 2021 to 2028.
Wiring harness, also called as cable harness, cable assembling or wiring loop, are the information circuits working together as a control system. It helps in joining the electric cables with conduit, vinyl and rubber. Application of wiring harness for transmission of electrical power and electric signal is expected to increase its adoption. Moreover, increased safety coupled with lesser installation cost and time can be achieved with the wiring harness as it is installed as a single unit in railways.
Rising scope of application in engines, coaches, and locomotive engines is driving the market growth. The product usage in the mechatronics of railway reduces the space consumption and increases the safety of the systems installed and thus, ensures seamless travel experience for passengers. The wiring harness are manufactured and installed as per the electric and geometric requirement of their application in the railways, such as, high-speed train, metro, monorail, and Light Rail Transit (LRT).
Europe is the major shareholder in this market owing to faster development in connected technology and railway infrastructure. The European government is focused on the developments of the rail networks in the region. By the end of 2017, Europe had 9067 kms of high-speed rail lines. Rail industry in Europe has seen vast technological advancements in railway wiring harness due to presence of a large number of manufacturers in the region. Moreover, Europe has the largest rail supply, services, products, and high-tech rolling stocks.
The component segment has been segregated into electric wires, terminals, connectors, and others. The others segment includes protectors, grommet, clamps, convoluted tubes, and sheaths. Wires segment led the market in 2019 and will retain its position throughout the forecast period. This is attributed to the rising usage of wires in wide range of applications, such as felicitating power supplies and rail signal transmission.
Material type segment includes aluminum, copper, and others. As the main function of the wires is to transfer the electrical supply from the source to the available systems, aluminum and copper are mostly used in the wiring harness as both the metals are good conductors of electricity. However, aluminum wires are widely used in power transmission and distribution application across several wiring power grids due to a better conductivity to weight ratio than copper wires. Therefore, it is widely used across the wiring power grids. Furthermore, need for energy-efficient wiring system is crucial as it ensures efficient electricity usage and prevents leakages and short circuits. Hence, the aluminum material segment is expected to be the major shareholder and is expected to maintain its position throughout the forecast period.
Low voltage segment led the railway wiring harness market with a share of 59.9% in 2019 and will expand further retaining its leading position. This growth is credited to the increasing number of comfort systems, such as music systems, Wi-Fi devices, charger port, and others, in trains. The ability of low voltage to evenly distribute the current from transformer station to information, security, lighting, supervision systems, and cover long distance transmission networks is also anticipated to drive the segment growth. The segment’s growth is also influenced by regional developments.
High-speed rail/bullet train led the global market in 2019 and is estimated to retain its position throughout the forecast period. This growth is attributed to rising focus on high-speed rail programs and increasing government initiatives to enhance transportation and modernize railway infrastructure. Furthermore, benefits, such as freight transport and capability & accuracy to cover large geographic areas in short time is also expected to pave the way for high-speed rail/bullet trains.
Application segment consists of HVAC, lighting, brake, engine, infotainment, traction system, and others. The HVAC harness segment is expected to be the major shareholder of the application segment over the forecast period. HVAC needs good quality of wiring harness as it needs to combat extreme environment conditions, such as humidity and high temperatures. HVAC harness eliminated the need for large and complex wiring thereby, reducing the maintenance and installation cost of the overall system.
Europe accounts for the highest market share as the region has a well-established rail base. Moreover, increasing investments in rail infrastructure is one of the major reasons for Europe to be the market leader. For instance, according to the European Commission, in 2016, rail infrastructure investments in the region were USD 34.83 billion.
Hitachi Metals, Ltd.; HUBER+SUHNER; LEONI AG; LS Cable & System Ltd.; Motherson Group; NKT A/S; Taihan Electric Wire Co. Ltd.; TE Connectivity; and The Prysmian Group.
Low Voltage (Up to 1000V)
Medium Voltage (1000V to 25kV)
High Voltage (25kV to 230 kV)
Train Type Outlook
Metro Rail Transit/Monorail
Light Rail Transit
High-Speed Rail/Bullet Rail
Transaction System Harness
Middle East & Africa
The Railway Wiring Harness market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Railway Wiring Harness market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Railway Wiring Harness market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Railway Wiring Harness market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Railway Wiring Harness market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Railway Wiring Harness capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Railway Wiring Harness by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Railway Wiring Harness market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Railway Wiring Harness market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Railway Wiring Harness market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Railway Wiring Harness industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Railway Wiring Harness market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Railway Wiring Harness market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Railway Wiring Harness market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Railway Wiring Harness market. These factors have benefited the growth of the global market for Railway Wiring Harness. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Railway Wiring Harness. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Railway Wiring Harness are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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