Global Railway Rolling Stock Cables Market is valued approximately USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2020-2027. Railway Rolling Stock Cables include a vast range of cables used in all forms of railway transport such as Metro, conventional and underground railway infrastructures. These cables are used for control, power, heating & ventilation and Communication purposes inside the vehicles. Thus, the cables have requirements in terms of mechanical and thermal properties to withstand the stresses of the movement and temperature extremes. The rising demand for railways and means of mass commuters across the globe owing to the rising population boosts the railway infrastructure driving the market for railway stock cables. As per the Unite Nations projections, the world population will sum up to 9.8 billion by 2050 which drives the demand for efficient, innovative and clean mobility solutions. Moreover, majority of this population lives in the urban area which increases the traffic congestion of roads in cities. As per UN, 54% of the global population lived in cities in 2018 and this percentage is expected to increase to 66% by 2020. Thus, increasing the demand for mass transit solutions such as railways, metro trains and more during the forecast period. This rise in demand for trains directly impacts the adoption of railway rolling stock cables as these form an integral component of the mass transit solution. This has resulted in rise in the railway networks across the globe. As per Association of European Rail Industry, total track infrastructure around the world has reached more than 1.6 million Km as of 2018. Of these some 40% of the tracks are electrified proposing a potential market for rolling stock cables. Further, the rise in Digitalization has fueled the market growth, as with the increasing digitalization there is an increase in the use of component level sensors which for communications require the use of Railway stock cables. However, high cost and maintenance impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Railway Rolling Stock Cables market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of largest railway track in the region coupled with the high adoption of technology. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising population and increasing investments in the railway infrastructure would create lucrative growth prospects for the Railway Rolling Stock Cables market across Asia-Pacific region.

Major market player included in this report are:
Hengtong Group
Lvbao Cable Group
Tianlan Group
Huber+ Suhner
Qingdao Hanlan Cable
Fujian Nanping Sun Cable

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Control Cables
Power Cables
High temperature Cables
Jumper Cables
Fiber Cables
By Application:
High-speed Trains
Regional Commuter Trains
Underground Trains
Freight Trains
Passenger trains
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Railway Rolling Stock Cables Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers