Wire harness is assembly of electrical cables into an organized system to aid signal transmission and power up different electronic and electrical devices. This system is used in locomotive engines and coaches to control and minimize shock transfer and vibration. It is installed in trains where abrasion could occur and in places where sharp or rough edges are present. Due to the adoption of internet services through LAN which is used for communication, the railway wiring harness in trains is preferred in volume. This has influenced the “Railway Wiring Harness Market”. Railway transportation is one of the most environment-friendly and energy efficient means of transportation.
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The market has enhanced various technological improvements that are taking place year on year which leads to higher energy consumption. The energy that the train consumes while running depends on the number of electronic systems in a train. The processors are developing energy efficient systems that consume less electric energy for operation. Bench-marking the electronic system alone is not enough to reduce energy consumption. The wiring harness also needs to be energy efficient and also support the system. Connected trains are also set to play a major role in the railway transportation industry. Those connected trains with a larger number of infotainment, safety and entertainment systems will be able to provide comfort and ensure the safety of passengers. The Global Railway Wiring Harness Market is expected to grow at a CAGR of 9.8% during the forecast period.
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With the increasing levels of urbanization globally, there has been a need of cheap and effective mode of transportation which has resulted in an increase in adoption of railways, which has subsequently led to a focus on the development and installation of railway lines on a number of different regions by the authorities. Developed countries have initiated plans for the advancement of driverless train networks, which is expected to propel the growth of the transportation sector. Countries such as China, India, South Korea, US, UK, Mexico, Brazil, and South Africa are planning to revolutionize their rail networks with the introduction of driverless trains. Geographically Rail manufacturers are expanding by investing in infrastructure for the manufacture of driverless trains. The connected systems need energy efficient wiring to minimize energy consumption while the train is in transit. This factor creates opportunities for railway wiring manufacturers, which can boost the global railway wiring harness market.
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Growing urbanization provides a thrust to the evolution of smart cities. Governments across different regions have started initiating smart city projects to provide better infrastructure, services, and speed up operational activities in the public and transportation services (includes railway and roadway). The growing number of smart city projects across the globe is the major factor which is expected to drive the growth of rolling stock and supporting infrastructure. The reason behind this is that the people in various countries now prefer to use alternate modes of transport like railways rather than travelling in heavy traffic with personal vehicles. The developed regions like Europe and North America are increasing the safety and security of railways by retrofitting trains and replacing existing systems with advanced systems. These retrofitting and deployment of new driverless trains require extensive amount of wiring, which creates a huge opportunity for growth of the railway wiring harness market. For instance, a new initiative known as the 4th railway package has been undertaken in the European region to create a single European rail area with structural and technical reforms. The initiative aims at providing high levels of interoperability, safety and reliability to the European rail network. Driver-less trains equipped with inbuilt energy efficient systems are expected to reduce power consumption in the future. These developments are expected to boost the market for railway wiring harness market in the future.
Railway Wiring Harness Market across Asia Pacific region has huge demand of growth on account of the high adoption rate of railway transportation for commutation in the region supplemented with growing population and its transportation demand, especially for long-distance trips. These are major factors that are anticipated to increase the demand for trains, thereby driving the railway wiring harness market in the region in the near future. In Asia Pacific, China, Japan, India, and South Korea have maximum number of locomotives, which is another key factor that is expected to drive this market in Asia Pacific.
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