The locomotive wiring harness market is evaluated to be worth USD 4,366.50 Million in 2023 and is expected to be worth USD 7,388.20 Million by 2033, increasing at a 5.4% CAGR from 2023 to 2033.
Growing urbanization, rising demand for expanded public transportation services, and government attempts to modernize existing railway infrastructure to boost rail connectivity are the primary factors driving market expansion for a locomotive wiring harness. In addition, the increasing use of trains as a source of transportation and logistics has raised the demand for locomotive wiring harnesses.
The demand for locomotive wiring harnesses is rising as LAN-based internet services are being quickly adopted for communication purposes. To simplify the railroad industry, the manufacturers of railroad equipment are attempting to create cutting-edge technology locomotive wiring harnesses.
The expansion of the market is being fueled by advancements in the railway electronics system, including high-end lighting, sound systems, touch displays, HVAC, and high-speed internet services. The governments of various areas are developing new rail projects to improve and upgrade the current rail infrastructure as well as to increase rail connectivity overall.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 5.4% |
| Market HCAGR (2018 to 2022) | 3.6% |
| Market Size for Locomotive Wiring Harness (2023) | USD 4,366.50 Million |
| Market Size for Locomotive Wiring Harness (2033) | USD 7,388.20 Million |
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The use of high-speed rail transportation is expanding dramatically. The government's smart city initiatives are helping the locomotive wiring harness market expand. The demand for locomotive wiring harnesses is ultimately growing due to urbanization, the rail network system's expansion, rising demand for public transportation, and fast commutes.
Additionally, driving market expansion for locomotive wiring harnesses are commuters' rising demands for reliable rail infrastructure, high-speed internet, and other safety measures. The industry is expanding because of the increasing use of metros, high-speed trains, and government programs like smart city initiatives.
The instability of raw material prices, corrosion concerns caused by changing weather conditions, and malfunctioning of the wiring system operating under large loads all contribute to the market's slow progress.
Environmental changes, on the other hand, might result in corrosion, short circuits, and other issues. Additionally, the high risk of wiring complexity, as well as poor maintenance, could restrain the development of the locomotive wiring harness market throughout the anticipated time frame.
Principal Consultant
Railway Automation and Electrification
Increasing electrification across the transportation industry, regardless of the mode of travel, has resulted in the creation of electric trains, propelling them to the forefront of electric transport after road transport. Electric locomotives are viewed as a potential alternative to conventional diesel locomotives in the mining and heavy-haul industries for long distances of up to 2000 km or more at times.
With increased traffic congestion in urban areas around the world, there is a strong need to develop faster, more efficient, and dependable transportation systems. Advances in technology and its integration with transportation systems, such as artificial intelligence and machine learning, are expected to aid locomotive wiring harness market growth during the forecasted period.
Although the automation of the railway sector is still in its infancy, the requirement for sizable expenditures in Research and Development of the machinery that can fulfill global quality and safety standards for automation makes it difficult for new businesses to enter the market and favors established firms.
| Segment | Wires |
|---|---|
| Market Share | 40.10% |
The wires segment dominated the locomotive wiring harness market during the forecast period and is poised to continue to do so. This is due to the increased use of wires for numerous purposes, including the transmission of rail signals and felicitating power supply.
During the projection period, the terminal segment is anticipated to experience significant market expansion for the locomotive wiring harness. Vehicles equipped with sophisticated safety systems, such as brake systems and immobilizers, employ connectors from locomotive wiring harnesses. The increasing development of cutting-edge technologies, including driver aid systems and safety features, is a major driver for the sales of locomotive wiring harnesses.
Major businesses in the sector are putting their efforts into bringing technical developments that may not only guarantee improved operations but also result in less energy use. For instance, it is anticipated that the adoption of energy-efficient technologies in a number of train types, including high-speed/bullet rail, may cut energy usage and thus raise demand for wires, terminals, and connectors.
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The HVAC, lighting, brake, engine, infotainment, traction system, and other components make up the application section. Over the course of the forecast period, the HVAC harness segment is anticipated to hold the largest share of the application segment in the locomotive wiring harness market.
HVAC requires a high-quality wire harness since it must withstand harsh environmental conditions including dampness and high temperatures. HVAC harness did away with the need for extensive and complicated wiring, lowering the total system's maintenance and installation costs.
The quickest CAGR is anticipated for infotainment harnesses during the forecast period. The introduction of entertainment systems in railroads offers passengers interactive services. For instance, Virgin Trains, a UK company, introduced entertainment amenities on the trains in 2016 so that passengers could view movies and TV shows.
High-speed rail/bullet train led the global market and is expected to maintain its position during the projection period. This expansion can be ascribed to a greater emphasis on high-speed rail programs as well as increased government measures to improve transportation and update railway infrastructure.
Benefits like freight movement and the capacity and accuracy to traverse enormous geographic areas in a short period of time are also predicted to pave the way for high-speed rail/bullet trains. Several countries are planning to develop their rail networks, which is projected to grow the locomotive wiring harness market.
Over the projected period, the light rail train type is expected to be the second-largest category. Light rail requires less area and so runs well in congested and small communities. Such elements are expected to promote segment growth.
Aluminum, copper, and other metals are included in the material type segment. Since the primary job of wires is to carry electrical power from the source to the available systems, aluminum, and copper are commonly utilized in wiring harnesses because both metals are good conductors of electricity.
Aluminum wires are more commonly utilized in power transmission and distribution applications than copper wires due to their higher conductivity-to-weight ratio. It is commonly utilized in the wiring of electricity grids.
The necessity for an energy-efficient wiring system is critical since it ensures effective electricity usage and eliminates leaks and short circuits. The aluminum material section is predicted to be the largest stakeholder in the locomotive wiring harness market and to maintain its position during the forecast period.
Since it is lightweight and strong, aluminum is also preferred when making locomotive wiring harnesses. The such lightweight material is required for applications like Light Rail Transit (LRT) and high-speed rail, often known as bullet rail.
In addition, the substance delivers considerable strength in comparison to its rivals. However, copper's ability to resist corrosion makes maintenance easier, which is predicted to drive rising demand during the forecast period.
With a market share of 59.9%, the low voltage category led the locomotive wiring harness market and is anticipated to continue to do so. This increase is attributed to the increasing number of comfort equipment in trains, such as music systems, Wi-Fi gadgets, charger ports, and others.
Low voltage's capacity to evenly transmit electricity from transformer stations to information, security, lighting, and supervisory systems, as well as traverse long-distance transmission networks, is also expected to boost segment expansion. Regional developments have an impact on the segment's growth.
For instance, the Asia Pacific area is expected to have significant growth in the low voltage segment as a result of increased investments in modernizing rolling stock technology. During the forecast period, the medium voltage market is anticipated to grow at a CAGR of more than 8.0%.
The standard power distribution network is fed with medium voltage, which has a voltage range of 1000V to 25kV. Furthermore, the segment's expansion is predicted to be fueled by its capability to efficiently power railway networks' information systems. Its ability to function in underground spaces like tunnels is also anticipated to fuel the segment's expansion.
| Countries | Market Share |
|---|---|
| United States of America | 16.9% |
| Germany | 4.2% |
| Japan | 5.7% |
| Australia | 2.6% |
The Asia Pacific region dominates the global market. The region's high rate of adoption of railway transportation for commutation, combined with the region's growing population and transportation demand, particularly for long-distance trips, are major factors that are expected to boost demand for trains and, as a result, propel the locomotive wiring harness market in the region in the near future.
China, Japan, India, and South Korea have the most locomotives in Asia Pacific, which is another significant driver likely to drive this market in Asia Pacific.
| Countries | Market CAGR (2023 to 2033) |
|---|---|
| India | 5.5% |
| China | 4.4% |
One of the primary reasons for Europe's market leadership is increased investment in rail infrastructure. Europe is also experiencing rapid expansion in the locomotive wiring harness market. Europe is the world's leading manufacturer of rail equipment and high-tech rolling stock.
The European railway sector has embraced technologically upgraded train systems and is improving infrastructure and high-tech communication. All of these reasons are moving the market in this region forward.
According to the European Commission, rail infrastructure investments in the region totaled USD 34.83 billion in 2016.
| Country | UK |
|---|---|
| Market CAGR | 2.3% |
Other Regions
Due to India's rising railroad projects and rapid urbanization, the South Asian region is anticipated to have a sizable market for locomotive wiring harnesses.
Due to the expansion of the rail networks in the MEA and Latin America over the past few years, these markets for locomotive wiring harnesses have also experienced significant growth. Due to the rising demand for improved circuit assemblies in rail engines, developed nations like the USA and Europe represent significant markets for locomotive wiring harnesses.
Hitachi Metals, Ltd., HUBER+SUHNER, LEONI AG, LS Cable & System Ltd., Motherson Group, NKT A/S, Taihan Electric Wire Co. Ltd., TE Connectivity, and The Prysmian Group are a few of the major players in the locomotive wiring harness market. By investing in Research and Development and ongoing technical advancement, the majority of established businesses attempt to maintain their market position.
Innovations and advancements:
Purchase
| Date | January 2022 |
|---|---|
| Company | Leoni AG and BizLink |
| Details | A large portion of Leoni AG's company was sold to BizLink in January 2022. Leoni AG is a leading global provider of products, services, and solutions for energy and data management. The agreed agreement to thus significantly enhance Leoni AG's financial position. |
| Date | May 2021 |
|---|---|
| Company | Motherson and Bombardier |
| Details | Motherson purchased Bombardier's electrical wiring business in Huehuetoca, Mexico, in May 2021. The corporation announced this acquisition in September 2020 through its subsidiary Motherson Rolling Stocks (MRS) for USD 10 million. |
| Date | September 2021 |
|---|---|
| Company | TE Connectivity and ERNI Group AG |
| Details | A pioneer in connectivity and sensors, TE Connectivity purchased ERNI Group AG, a market leader in electronic connectivity, in September 2021. The capabilities of TE in broad connectivity are going to be enhanced by this acquisition, which is going to also increase its customer base and market footprint. |
The market is predicted to grow at a CAGR of 5.4% through 2033.
Asia Pacific market holds the highest revenue potential.
The market size is anticipated to be over USD 4,366.50 Million in 2023.
The market is expected to surpass USD 7,388.20 Million by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component 5.1. Wire 5.2. Connector 5.3. Terminal 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 6.1. Aluminium 6.2. Copper 6.3. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Voltage 7.1. Low Voltage (Up to 1000V) 7.2. Medium Voltage (1000V to 25kV) 7.3. High Voltage (25kV to 230 kV) 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Train Type 8.1. Metro Rail Transit/Monorail 8.2. Light Rail Transit 8.3. High-Speed Rail/Bullet Rail 8.4. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 9.1. HVAC Harness 9.2. Lighting Harness 9.3. Brake Harness 9.4. Engine Harness 9.5. Infotainment Harness 9.6. Transaction System Harness 9.7. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. Middle East and Africa (MEA) 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Hitachi Metals, Ltd. 20.2. HUBER+SUHNER 20.3. LEONI AG 20.4. LS Cable & System Ltd. 20.5. Motherson Group 20.6. NKT A/S 20.7. Taihan Electric Wire Co. Ltd. 20.8. TE Connectivity 20.9. The Prysmian Group. 20.10. ELCOWIRE GROUP 21. Assumptions & Acronyms Used 22. Research Methodology
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Locomotive Wiring Harness Market
