Global Railway Wiring Harness Market 2021-2026

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    GLOBAL RAILWAY WIRING HARNESS MARKET

     

    INTRODUCTION

    Wiring harness also known as cable assembly or wiring loom is a technique of laying down a set of wire in the specified manner throughout the skeleton or body or in infrastructure to transmit the signals or power from source to desired equipment.

     

    infographic: Railway Wiring Harness Market, Railway Wiring Harness Market Size, Railway Wiring Harness Market Trends, Railway Wiring Harness Market Forecast, Railway Wiring Harness Market Risks, Railway Wiring Harness Market Report, Railway Wiring Harness Market Share

     

    Depending on application, the wire harness may extend from a few 100 meters to several kilometers. Binding a number of cables to harness helps them to secure the effect from vibration, abrasion, and moisture. The concept of wire harness becomes very important when it comes to sectors like automobiles, railways, aircraft, ship, etc.

     

    Mobilization of population continuously towards an urban city in increasing the demand of public transportation. Countries like Spain, France, Germany, Japan and others have already developed their high speed railway transport system whereas countries like China and India are still expanding their high speed railway network throughout their country.

     

    GLOBAL RAILWAY WIRING HARNESS MARKET DYNAMICS

    World is continuously changing day to day and new projects are introduced for better transport and comfort and the need of people is one of the main driving factors in the railway business as well. The world has started adopting the HSR (high Speed Rail) System.

     

    According to the International Union of Railways (UIC) , the global HSR line is expanding at a much higher rate than expected and is expected to grow by more than 40000 km by 2025. Increase in traffic that is delaying and wasting the time of people is letting them to shift towards railways.

     

    Countries like India have already run many projects for Indian railway like DFC, Metro developing in more than 5 cities, improving their existing infrastructure to make them feasible for high speed system, new design and more stable bogeys. China invested in more than 15 metro projects; European countries are promoting rapid transit systems.

     

    Various countries have started adopting automated rail systems, driverless train transportation systems. Countries like India, China, UK, US, Mexico etc. are testing this system. The security system, latest and advanced equipment are being installed on trains for a better sense of security for people.

     

    Electrification of railways came with some pros and cons as well. The power transportation line came up with a huge problem with phenomena known as corrosion due to environmental changes which require continuous maintenance. Otherwise the current and voltage flow can degrade the performance of railways equipment which may become a reason for increasing the maintenance cost.

     

    GLOBAL RAILWAY WIRING HARNESS MARKET SEGMENTATION

     

    By Application

    • HVAC
    • Lighting
    • Traction system
    • Infotainment
    • Engine
    • Brake

     

    By Material

    • Aluminum
    • Copper
    • Other

     

    By Train Type

    • Monorail/Metro
    • Light rail
    • HRS/Bullet Train

     

    By voltage

    • High
    • Medium
    • Low

     

    By Component

    • Wire
    • Connector
    • Terminal
    • Other

     

    By Cable

    • Transmission Cable
    • Jumper Cable
    • Power Cable

     

    COVID EFFECT ON RAILWAY WIRING HARNESS MARKET

    As to complete the project in this sector the onsite work on equipment is required, these basics were halted due to pandemic. The companies had to announce closure of their work related activities.

     

    After the lockdown the sharp decline in the demand of the coaches, bogeys, harnessing system and new project was not in focus by countries because their main objective was to bring their countries back on track and take them out of decline in GDP. They invested in basic needs like food, medicinal purposes, R&D for vaccines. The stock market of countries took a big hit, which led to another problem for MNCs listed in the market.

     

    Raw material prices have fluctuated a lot during this period and it is also affected by the daily market of countries all over the world, this phenomenon makes this market the most uncertain.

     

    Now the world is coming toward the surface from the depth of COVID crisis. The companies are expecting to get orders from different countries’ governments so that they may overcome their losses in the near future.

     

    RAILWAY WIRING HARNESS MARKET SIZE AND FORECAST

    The railway wiring harness market is expected to be US $ XX Billion in 2020 and expected to grow at XX% by 2026.

     

    Some important megaproject that is going on like Confederation line (Canada), Abuja Light Rail (Nigeria), German Unification transport Project (Germany), AVE – Spain High speed railway network (Spain), Sound Transit (USA) and many other has huge impact on market of railway harness system.

     

    Some upcoming projects like Thessaloniki Metro (Greece), Cross rail (U.K.), Sha Tin Central Link (Hong Kong), Grand Paris Express (France), Mumbai-Ahmedabad High speed rail corridor (India), etc. are going to increase the market in the coming future. The mentioned project and their size show how much potential is present in this market for the present and in the coming future because the migration never stops and moves from one place to another as well.

     

    Asia pacific Market is expected to have the biggest bite in the railway wiring harness market by 2026. As developing countries like China and India are emerging at a faster rate in terms of GDP and their economic development sense, to increase the transportation load and decrease the time of travel the countries are continuously announcing dedicated projects throughout the country.

     

    In recent development as well, a company named leoni has developed a new type of cable SPE (Standard single paired Ethernet). This company became the first to introduce this type of cable in the market.

     

    KEY PLAYERS OF RAILWAY WIRING HARNESS MARKET

    S.No Company Name Established Country, HQ
    1 Hitachi Ltd. 1910 Tokyo, Japan
    2 LS Cable & System 1962 Anyang, South Korea
    3 Adaptronic Prüftechnik GmbH 1979 Germany
    4 Leoni AG 1917 Nuremburg, Germany
    5 Prysmian Group 1879 Milan, Italy
    6 Rockford Component Ltd. 1978 United Kingdom
    7 Samvardhana Motherson International Ltd. 2004 Uttar Pradesh, India
    8 Furukawa Electric Co. 1896 Tokyo, Japan
    9 Jiangnan Group 1997 China
    10 TE Connectivity 2007 Switzerland
    11 Nexans 2000 Paris, France
    12 Sumitomo Electric Industries 1897 Osaka, Japan
    13 Taihan Electric Wire Co. Ltd. 1955 South Korea
    14 huber+suhner 1864 Switzerland
    15 Kaynes Technology India Private Ltd 1988 India

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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