What is Railway Connectors Market?
A railway connector is a mechanism for connecting rolling stock in a train. The design of the connector is standard and it is almost as important as the track gauge since flexibility and convenience are maximized if all rolling stock can be coupled together. The railway connectors help to provide long distance traveling in less time. It helps to connect rolling stock, signaling/infrastructure.
The market study is being classified by Type (RF/HF Coaxial Connectors, Power Connectors, Pogo Pin Connectors/Spring Load Connectors, Modular & Mix Connectors, Data Connectors and Broad Level Connectors/PCB Connectors), by Application (Light Rails/Trams, Electric Multiple Units, Subways/Metros, Passenger Coaches and Diesel Multiple Units) and major geographies with country level break-up.
Amphenol Corporation (United States), Esterline Technologies (United States), Fischer Connectors (Switzerland), ITT (United States), Molex Incorporated (United States), Schaltbau (Germany), Smiths Interconnect (United Kingdom), TT Electronics (United Kingdom), Te Connectivity (Switzerland) and Staubli Electrical Connectors (Switzerland) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Sichuan Yonggui Science and Technology (China), Nexans (France) and Harting Technology (Germany).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Railway Connectors market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Railway Connectors market by Type, Application and Region.
On the basis of geography, the market of Railway Connectors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Number of Passengers Opting for Railways as a Mode of Transport
- Adoption of Driverless Trains by Several Countries
- Support of the Government to Reduce Time Taken in Travelling and Transportation
Market Trend
- Growing Demand for Different Types of Wagons
Restraints
- High Overhaul and Maintenance Cost of Rolling Stocks
Opportunities
- Development of Intelligent Rail Systems
- Incorporation of Big Data in the Rail Industry
Challenges
- Increased Complexity in Train Systems Due to Wiring.
Market Leaders and some development strategies
On 14th March 2019, TransDigm Group Incorporated, a leading global designer, producer and supplier of highly engineered aircraft components successfully completed the acquisition of Esterline Technologies Corporation, a supplier of products to the global aerospace and defense industry.
On 30th May 2018, TE connectivity, a world leader in connectivity and sensors, launches new MU27P connectors for control and communications between rail locomotives and vehicles.
Key Target Audience
Rail Connector Providers, Traders, Importer and Exporter, Raw Material Suppliers and Distributors, Research and consulting firms, Government and Research Organization and Associations and Industry Bodies