The locomotive wiring harness market is estimated to be valued US$ 4,366.50 million in 2023 and US$ 7,388.20 million by 2033, growing at a 5.4% CAGR from 2023 to 2033. Growing urbanisation, rising demand for expanded public transportation services, and government initiatives to revamp existing railway infrastructure to boost rail connectivity are the main market growth drivers for locomotive wire harness. Additionally, the demand for locomotive wiring harness has grown as trains are used more frequently for logistics and transportation.
Due to the growing popularity of autonomous trains and the increased demand for energy-efficient wire frameworks, there will be new growth prospects in the market for locomotive wiring harnesses.
The fluctuating cost of raw materials, corrosion problems brought on by changing weather, and wiring system failures when working under severe loads are the main causes of the locomotive wire harness market’s poor growth.
The high-speed rail and bullet train sectors are expected to grow dramatically. These newer versions of railway trains travel more fast than other types. In order to finish quickly, they combine a certain set of defined tracks with a specific set of moving goods.
Get Access to Sample Now:
https://www.futuremarketinsights.com/reports/sample/rep-gb-16101
The rise of the high-speed rail/bullet train segment is anticipated to increase due to its accuracy and capacity to swiftly cross large geographic areas, which will support the growth of the locomotive wire harness market. Both advanced economies and emerging ones can be found in the Asia-Pacific region. The locomotive wire harness market in these nations is anticipated to be driven by new rail projects for urban passenger transit, fleet replacement, and fleet maintenance.
The Asia-Pacific region, which also has one of the biggest rail networks in the world, is predicted to experience the fastest growth in the autonomous train market. China, Japan, and India have some of the longest rail networks in the world.
Many nations also favour using public transportation, including India, where many people utilise the metro for transportation. daily travel. As a result, the railway network is essential to the Asia-Pacific region’s economic development.
Key Takeaways
- The German market share for locomotive wiring harness is 4.2% through 2033.
- The market share of United States for locomotive wiring harness is 16.9% during the forecast period.
- The Japanese locomotive wiring harness market share is 5.7% for the forecast period of 2023-2033.
- The market share of Australia for locomotive wiring harness is 2.6% during the forecast period.
- The Chinese market CAGR for locomotive wiring harness is 4.4% during the forecast period.
- The market CAGR for India is 5.5% for the forecast period of 2023-2033.
- The United Kingdom’s market CAGR for locomotive wiring harness is 2.3% through 2033.
Competitive Landscape:
Few companies dominate the market for locomotive wiring harness, including Hitachi Metals Inc., Schleuniger, TE Connectivity, Prysmian Group, and Samvardhana Motherson. Furkawa Electric, Komachine Co., NAC Corporation, APAR, and LECS (Lakshmi Electrical Control System Ltd) are among the other firms trailing the market’s expansion.
Request for Customization:
https://www.futuremarketinsights.com/customization-available/rep-gb-16101
Key Segments
By Component:
- Wire
- Connector
- Terminal
- Others
By Material Type:
- Aluminum
- Copper
- Others
By Voltage:
- Low Voltage (Up to 1000V)
- Medium Voltage (1000V to 25kV)
- High Voltage (25kV to 230 kV)
By Train Type:
- Metro Rail Transit/Monorail
- Light Rail Transit
- High-Speed Rail/Bullet Rail
By Application:
- HVAC Harness
- Lighting Harness
- Brake Harness
- Engine Harness
- Infotainment Harness
- Transaction System Harness
- Others
By Cable Type:
- Jumper Cable
- Power Cable
- Transmission Cable
- Others
By Wire Length:
- Less Than 5 Feet
- Less Than 15 Feet
- More Than 15 Feet
By End Use:
- OEM
- Aftermarket
By Region:
- North America
- United States of America
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Nordic Countries
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASIAN
- Australia and New Zealand
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- Turkey
- South Africa
- Middle East and Africa (MEA)
Ask the Analyst:
https://www.futuremarketinsights.com/ask-question/rep-gb-16101
Recent Development
- Purchase
Motherson purchased the electrical wiring division of Bombardier in Huehuetoca, Mexico, in May 2021. The company has stated that it is going to purchase this asset for $10 million in September 2020 through its subsidiary Motherson Rolling Stocks (MRS).
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn | Twitter | Blogs