Authored By: Sarah
28 Jan 2021

Railway Network Cables Market Size to Grow by $ 2.27 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the railway network cables market and it is expected to grow by $ 2.27 bn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Railway Network Cables Market: Emerging Trends to Impact Market Growth

Demand for effective railway network cables to emerge as a key trend in the industrial railway network cables market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Railway Network Cables Market to Grow by Over $ 2 Billion | Key Driver, Segment and Trend Analysis

Railway Network Cables Market: Vendor Analysis

The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Belden Inc., Eland Cables Ltd., Hitachi Metals Ltd., HUBER+SUHNER AG, Leoni AG, Nexans SA, Prysmian Spa, SAB Bröckskes GmbH & Co. KG, TE Connectivity Ltd., and Tecnikabel SpA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report

Technavio has been monitoring the global railway network cables market and it is expected to grow by USD 2.27 billion, accelerating at a CAGR of over 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

Market Driver: Growing popularity of smart railways to drive growth

The growing popularity of smart railways is one of the critical factors that will drive market growth in the forthcoming years. The rise in air fares and congestion on roads has led smart rail transport to emerge as a feasible alternative in emerging as well as advanced economies. Smart railway infrastructure is gaining prominence as it can transform rail networks. Rail networks can become an indispensable means of offering service and comfort to passengers. This will drive the growth of the market in focus during the forecast period.

Railway Network Cables Market to Grow by Over $ 2 Billion | Key Driver, Segment and Trend Analysis

Leading Product Segment: Power cables segment

The power cables segment led the market in 2020. Power cables form an integral network of railway systems, as these cables are responsible for transmitting the necessary power to the desired locations within the coaches for the effective and efficient functioning of the system. The power supply has an integral role to play in the signaling system of railways, and hence it becomes essential for reliable operation and safety purposes. However, the market segment will record a slower growth rate during the forecast period and the signal and communication cables segment is expected to gather momentum. This report provides an accurate prediction of the contribution of all the segments to the growth of the railway network cables market size. 

Key Emerging Trend: Demand for effective railway network cables 

The demand for effective railway network cables is expected to increase significantly in the future. The network cables are instrumental in offering uninterrupted power supply to various smart railway systems, including freight information systems, rail analytics, passenger information systems, and others.  The demand for effective railway network cables will influence the growth of the market during the forecast period.

Railway Network Cables Market to Grow by Over $ 2 Billion | Key Driver, Segment and Trend Analysis

Railway Network Cables Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Belden Inc., Eland Cables Ltd., Hitachi Metals Ltd., HUBER+SUHNER AG, Leoni AG, Nexans SA, Prysmian Spa, SAB Bröckskes GmbH & Co. KG, TE Connectivity Ltd., and Tecnikabel SpA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights from the perspective of global industry trends, regional market influences and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio also provides three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download Free Sample Report 

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