RAILWAY CONNECTORS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022 to 2030)

Railway connectors are devices used for the transmission of data and signals along the passenger rolling stock, including signaling systems, power transmission, brakes and controls and others. Installed on all types of railway systems or equipment, the connectors such as ultra-resistant, fiber optics and miniature play a vital role in ensuring efficient, safe and reliable operation of any electrical or electronic device.

Railway connectors are a critical component and they must be carefully selected according to the technical specifications of the application. In addition to electrical parameters such as voltage and current, there are additional requirements that must be taken into consideration such as, environmental and operating conditions, resistance to salt and flame, strength, impermeability, number of coupling cycles, easy handling and more.

Market Dynamics

Increasing production of locomotives are boosting the demand of railway connectors across the globe. Connectors have wide range of application in modern railways/locomotive. Rail connectors could have application in automatic door operation, engine, CCTV, lights, air conditioning, robotics, windshield viper, and communication. Moreover, these applications need large volume of connectors in a locomotive. Expanding fleet size is a major factor in growth of the railway connectors market and this is expected to impact the connectors market positively. According to Bureau of Transportation Statistics America, number of operational locomotive in the U.S. in 2011 were 24,350, which increased to 26,547 in 2017. According to facts and figures released by Government of India, volume of rolling stock was 11,461 in 2017 which increased to 12,000 in 2018.

Moreover, government initiatives for implementation of modern and faster rail transports also increasing the expansion of railway connectors. Governments in various countries have initiated projects of faster and safer trains, which is positively impacting growth of the connectors market.

However, the extreme weather conditions adversely affecting functioning of connectors might hamper the market development.

Market Taxonomy

This report segments the global railway connectors market on the basis of type, design, physical application, function, rail type and region. On the basis of type, the global railway connectors market is segmented into power connectors, data connectors, modular connectors and others. On the basis of design, the global railway connectors market is segmented into circular and rectangular. On the basis of physical application, the global railway connectors market is segmented into rolling stock, engine monitoring, infrastructure & signaling, roof/ pantograph, air conditioning system, trackside safety systems, and others. On the basis of function, the global railway connectors market is segmented into signalling, communication, and power distribution. On the basis of rail type, the global railway connectors market is segmented into Light Rails/Trams, Metro, Passenger Train, and Cargo Train. On the basis of region, the global railway connectors market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Key features of the study

• This report provides an in-depth analysis of the global railway connectors and provides market size (USD Mn) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players.
• It profiles global leading players in the global railway connectors market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments and strategies, and future plans.
• Key companies covered in the global railway connectors market include Amphenol Sine Systems, Easterline Technologies, Fischer Connectors SA, Harting Technology, HUBER+SUHNER, ITT Inc., Molex Incorporated, Nexans, Radiall VanSystem S.r.l, Schaltbau GmbH, Sichuan Yonggui Science and Technology, Smiths Interconnect, Staubli Electrical Connectors, TE Connectivity, TT Electronics.
• The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics.
• The global railway connectors market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global railway connectors market.

Market Segmentation

• By Type
  • Power Connectors
  • Data Connectors
  • Modular Connectors
  • Others
• By Design 
  • Circular
  • Rectangular
• By Physical Application 
  • Rolling Stock
  • Engine Monitoring
  • Infrastructure & Signaling
  • Roof/Pantograph
  • Air Conditioning System
  • Trackside Safety Systems
  • Others
• By Function
  • Signalling
  • Communication
  • Power distribution
• By Rail Type
  • Light Rails/Trams
  • Metro
  • Passenger Train
  • Cargo Train
• By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Railway Connectors Market Companies
  • Amphenol Sine Systems
  • ITT Inc.
  • Molex Incorporated
  • Glenair
  • Belden Inc.