Railway Wiring Harness Market Size, Share and Forecast 2019-2026

Railway Wiring Harness Market

• Global Railway Wiring Harness market is expected to grow at a CAGR of XX% to reach the market value of USD XXXX million by 2026. Wiring harnesses are the connecting wires and other accessories that are used in automotive industry including Railways for wiring in lighting, HVAC, communication systems and other.
• Some of the standards for wiring harness in railways such as IRIS, ISO 9001, ISO/TS 16949:2002 that focuses on quality management and ISO 14001 certificates for environment management system. This will help in producing high-quality rail cable harnesses and electromechanical modules.
• The increase in railway projects in the forecast period will boost the railway wiring harness market in the coming years.
• For instance, Dubai plans to undertake a five-stage extension of the Dubai Metro Red Line by 2020. The project cost is estimated to be around USD 2.9 billion. However, issues related to the environment can restrain the market growth.

 Railway Wiring Harness Market Drivers and Restraints

• The global Railway wiring harness Market growth is due to the increasing adoption of electronic technology and increasing advanced railway projects across the globe.
• The increasing government investments in rail infrastructure and equipment is driving the global railway wiring harness market.
• For instance, The Chinese government has planned to expand infrastructure spending by USD 10 billion from the initial budget for 2018 by expanding existing projects, including the proposed railway line linking Sichuan Province and the Tibet Autonomous Region.
• The rapid growth of the high-speed train network can be a significant factor to boost the growth of the global railway wiring harness market.
• The heavy duty transportation for wiring harness depends upon the material and design if not appropriately imposed may lead to failure during usage and occurs enormous repair cost. This can hamper the growth of the global Railway wiring harness market.

Railway Wiring Harness Market Segmentation Analysis

• By Material Type, the global Railway wiring harness market is segmented into aluminum, copper, and others. Aluminum has the dominant market due to its light weight coupled with easy maintenance. Thus the demand for aluminum-based harness wiring is expected to grow in the forecasting period globally.
• By Geography, Europe is dominating the global railway wiring harness market, and it is expected to grow in the forecasting period to 2026. Due to its largest production base of rail products, services, and high-tech rolling stock.
• The European railway industry is advancing its technology and upgrading its entire infrastructure with new and advanced connected technology, which will further drive the growth of railway wiring harness market.

Railway Wiring Harness Industry Competitive Trends

• The increasing competitiveness and improving industry standards for the quality harness is boosting the global railway wiring harness market besides increasing the competition in the market regarding product offering.
• In March 2018, Aurangabad-based Dhoot Transmission, the second largest wiring harness manufacturer in India in the two-wheeler space, and the fourth in overall, has acquired Parkinson Harness Technology, UK, a leading manufacturer, supplying to a broad client-base across commercial vehicles, off-road vehicles, construction vehicles, railways, defense, and utility vehicles.

Key market segments covered

By Harness Type

• HVAC Harness
• Lighting Harness
• Brake Harness
• Traction System Harness
• Engine Harness
• Others

By Cable Type

• Power Cable
• Transmission Cable
• Jumper Cable
• Others

By Material Type

• Copper
• Aluminum
• Others

By Region

• Asia Pacific
• Europe
• North America
• South America
• Rest of the World

Why purchase the report?

• Visualize the composition of the Railway Wiring Harness market across each indication, regarding by harness type, by cable type, and by material type highlighting the critical commercial assets and players.
• Identify business opportunities in Railway Wiring Harness market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the Railway Wiring Harness market – level 4/5 segmentation
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Product mapping in excel for the Railway Wiring Harness products of all major market players.

Target Audience

• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturer