Global Railway Wiring Harness Market 2019-2023
- Published: Oct 2018
- Pages: 123
- SKU: IRTNTR30007
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The railway wiring harness market size will grow by USD 884.07 million during 2019-2023. This report offers an analysis of the market based on application (HVAC, lighting, brake system, traction system, engine harness, and infotainment) and geography (the Americas, APAC, and EMEA). The report analyzes the market’s competitive landscape and offers information on several companies including FURUKAWA ELECTRIC, Hitachi Metals, LEONI, Nexans, and Prysmian Group.
Below are some of the key findings from the railway wiring harness market research report\
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Global railway wiring harness industry overview
The introduction of new railway projects across the globe is one of the primary factors that will drive the railway wiring harness market growth in the coming years. There is rising demand for wiring harnesses in new locomotives, signaling, and stations, especially in the APAC region. This is driven by the numerous national and international railway projects in planning, development, and construction stages in this region. India, China, Thailand, and various European and the Middle Eastern countries are planning to make significant investments in the railway industry in the next few years, to enhance domestic and international connectivity and logistics channels. The Indian government approved six new railway projects across four states with an approximate cumulative value of USD 1.8 billion in February 2018, which is expected to be completed by 2022-2023. Similarly, as part of the “Belt and Road” initiative, China has made considerable investments in developing rail-freight networks between Asian and European countries. These types of projects will significantly drive the demand for railway wiring harness in the coming years.
The growing interest in high-speed railways is one of the key trends that is expected to propel railway wiring harness market growth. The interest in high-speed railways is rising due to its ability to mitigate CO2 emissions in the transportation sector, to compete for head-on with short-haul airlines. This has enhanced the deployment of high-speed rail networks, particularly in China, Japan, and European countries. As the adoption of high-speed railways increases, it will open up new opportunities for railway wiring harness and augment their demand. The railway wiring harness market forecast report predicts that fueled by these factors, the market will grow at a CAGR of over 6% during the forecast period.
Top railway wiring harness companies covered in this market research report
The railway wiring harness market is moderately fragmented with the market share distributed between multiple players. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this railway wiring harness industry analysis report is designed to aid clients identify and build new growth strategies.
The report offers a complete analysis of various companies including:
- FURUKAWA ELECTRIC
- Hitachi Metals
- LEONI
- Nexans
- Prysmian Group
Railway wiring harness market segmentation based on geographic regions
- Americas
- APAC
- EMEA
According to global railway wiring harness market analysis, the EMEA region will account for the largest railway wiring harness market share. The highest incremental growth will also originate from EMEA during the forecast period.
Railway wiring harness market segmentation based on application
- HVAC
- Lighting
- Brake system
- Traction system
- Engine harness
- Infotainment
The HVAC segment led the railway wiring harness market share in 2018. However, the lighting segment will register the highest market growth and by 2023, overtake the HVAC segment and become the railway wiring harness market share leader. Additionally, the report will also provide an accurate prediction of the contribution of the various application segments to the growth of the railway wiring harness market size.
Key highlights of the global railway wiring harness market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the railway wiring harness market during the next five years
- Precise estimation of the global railway wiring harness market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the railway wiring harness industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of the railway wiring harness companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- HVAC - Market size and forecast 2018-2023
- Lighting - Market size and forecast 2018-2023
- Brake system - Market size and forecast 2018-2023
- Traction system - Market size and forecast 2018-2023
- Engine harness - Market size and forecast 2018-2023
- Infotainment - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- EMEA - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Americas - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- FURUKAWA ELECTRIC
- Hitachi Metals
- LEONI
- Nexans
- Prysmian Group
PART 14: APPENDIX
- Research methodology
- List of abbreviations
PART 15: EXPLORE TECHNAVIO
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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