According to Stratistics MRC, the Global Railway Connectors market is accounted for $737.21 million in 2017 and is expected to reach $1390.16 million by 2026 growing at a CAGR of 7.3% during the forecast period. Some of the key factors propelling the market growth are increased number of passengers opting for railways as mode of transport, increased demand for different types of wagons, adoption of driverless trains by several countries. However, high overhaul and maintenance costs of rolling stocks are restraining factors for the growth of the railway connectors market. Additionally, development of intelligent rail systems and incorporation of big data in the rail industry are considered as the market growth opportunities.
A connector (or a coupler) is a mechanism for connecting rolling stock in a train. The design of the coupler is standard, and is almost as important as the track gauge, since flexibility and convenience are maximised if all rolling stock can be coupled together.
By platform, rolling stock segment acquired significant growth with the advancements in technologies such as turbochargers, power electronics, and semiconductors, coupled with significant reduction in vehicle weight, help improve the speed and comfort of transit systems.
On the basis of geography, Europe region is projected to fuel the market due to the most European vehicles are equipped with high-end technology that includes wireless radio connection, wireless data transmission, eco-friendly cars, and comfort features.
Some of the key players in Railway Connectors market include Amphenol Corporation, Esterline Technologies, Fischer Connectors, ITT, Molex Incorporated, Schaltbau, Smiths Interconnect, TT Electronics, Te Connectivity, St?ubli Electrical Connectors, Sichuan Yonggui Science and Technology, Nexans, and Harting Technology.
- Rolling Stock
- Connector Body
Connector Types Covered:
- RF/HF Coaxial Connectors
- Power Connectors
- Pogo Pin Connectors/Spring Load Connectors
- Modular & Mix Connectors
- Data Connectors
- Broad Level Connectors/PCB Connectors
- Light Rails/Trams
- Electric Multiple Units (EMUs)
- Passenger Coaches
- Diesel Multiple Units (DMUs)
- North America
- ·Rest of Europe
- Asia Pacific
- ·New Zealand
- ·Rest of Asia Pacific
- South America
- ·Rest of South America
- Middle East & Africa
- ·Saudi Arabia
- ·South Africa
- ·Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- ·Comprehensive profiling of additional market players (up to 3)
- ·SWOT Analysis of key players (up to 3)
- Regional Segmentation
- ·Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
- Competitive Benchmarking
- ·Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.