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.
The market for locomotive wiring harnesses will see new growth opportunities due to the rising trend of autonomous trains and the rising demand for energy-efficient wiring frameworks.
The slow growth of the locomotive wire harness market is largely due to the volatility of raw material prices, corrosion issues brought on by varying weather, and wiring system failures when working under heavy loads.
It is anticipated that the high-speed rail and bullet train industries would expand significantly. These upgraded railway train models run more quickly than other trains. They combine a set of designated tracks with a certain set of moving goods in order to finish swiftly.
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Due to its accuracy and ability to quickly traverse wide geographic areas, the expansion of the high-speed rail/bullet train segment is projected to increase, boosting the growth of the locomotive wire harness market. The Asia-Pacific area include both developed and growing economies. It is projected that new rail projects for urban passenger transportation, fleet replacement, and fleet maintenance will drive the locomotive wire harness market in these countries.
The autonomous train market is expected to grow at the quickest rate in Asia-Pacific, which also boasts one of the world’s largest rail networks. Among the countries with the longest rail networks are China, Japan, and India.
Public transport is also well-liked in many countries, especially in India, where a lot of people use the metro for 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.
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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.
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)
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Recent Development
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).
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