Market Overview:
The global railway cables market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the railway cables market can be attributed to the increasing demand for high-speed trains and metros across the globe. Additionally, the growing trend of electrification of railways is also contributing to the growth of this market. The copper segment is expected to dominate the global railway cables market during the forecast period owing to its high conductivity and low resistance properties. The copper silver segment is projected to grow at a higher CAGR than other segments during the forecast period, as it offers improved performance over traditional copper wires in terms of corrosion resistance and thermal stability. Asia Pacific accounted for majority share of 43% in 2017, followed by Europe with 31%.
Product Definition:
Railway cables are high-tensile wires or strands used to transmit electrical power and signals along railroad tracks. They are also used to support the weight of railroad equipment, such as locomotives and passenger cars.
Copper:
Copper is a soft, malleable metal that is strong enough to be used in cables but can be easily bent and shaped. It has the highest electrical conductivity of any metal and this property makes it very useful for cable making. Copper has excellent mechanical strength, high thermal stability & low weight which makes it suitable for use in railways cables as well.
Copper Silver:
Copper silver is a alloy of copper and silver. It has the composition of approximately 68% Copper, 15% Silver and 13% Other metals. It has high electrical conductivity than pure copper or silver alone which makes it suitable for use in cables that are used in railways, power transmission lines among others.
The global railway cables market size was valued at USD 3,867 million in 2016 and is expected to grow at a CAGR of XX%.
Application Insights:
High-speed rail was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The railway cables market for high-speed rail is anticipated to reach USD 1.5 billion by 2030. High- speed rail systems are designed with speeds higher than 300 km/h, which requires special type of railway cables for installation purposes.
The metro segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing urbanization resulting in rising demand for rapid transit systems that provide efficient connectivity between cities and their surrounding areas at affordable costs. Railway cable installations in metro applications include New York City Subway, Chicago 'L', Santiago Metro, Bogota subway system among others around the world (Albuquerque Rapid Transit System). Other applications include streetcar as well as light rail system such as those found in Singapore among others around the world (San Francisco Bay Area Rapid Transit System).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest rail infrastructure projects such as High-Speed Rail (HSR) networks, Maglev systems, and Metro systems. China has been at the forefront of these developments with extensive investments in both urban and rural railroads. In addition, increasing passenger traffic on trains owing to rising disposable income levels will drive demand for railway cables across this region over the forecast period.
Europe was estimated as having a revenue share of more than 20% in 2017 owing to high demand from metro applications across countries such as Germany, France, Italy among others.
Growth Factors:
- Increasing demand for railway cables from developing countries owing to the growth of their economies and development of transport infrastructure
- Rising investment in railway projects by public and private sector players across the globe
- Proliferation of high-speed railways networks in developed and developing countries alike
- Growing adoption of smart technologies in railway systems
- Stringent safety norms for rail transportation
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Cables Market Research Report
By Type
Copper, Copper Silver, Copper Tin, Other
By Application
High Speed Rail, Metro, Streetcar, Other
By Companies
Jiangyin Electrical Alloy, Lamifil, Eland Cables, Rhomberg Rail, Siemens Mobility, La Farga, Alstom, Sumitomo Electric Industries, Arthur Flury AG, Fujikura, Jiangyin Electrical Alloy, TE Connectivity, NKT Cables, Kummler+Matter, Liljedahl Bare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Railway Cables Market Report Segments:
The global Railway Cables market is segmented on the basis of:
Types
Copper, Copper Silver, Copper Tin, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
High Speed Rail, Metro, Streetcar, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Jiangyin Electrical Alloy
- Lamifil
- Eland Cables
- Rhomberg Rail
- Siemens Mobility
- La Farga
- Alstom
- Sumitomo Electric Industries
- Arthur Flury AG
- Fujikura
- Jiangyin Electrical Alloy
- TE Connectivity
- NKT Cables
- Kummler+Matter
- Liljedahl Bare
Highlights of The Railway Cables Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Copper
- Copper Silver
- Copper Tin
- Other
- By Application:
- High Speed Rail
- Metro
- Streetcar
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Railway Cables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Railway cables are a type of electrical cable used to transmit power and data over long distances. They are made up of several insulated wires that run along a track or railroad bed.
Some of the key players operating in the railway cables market are Jiangyin Electrical Alloy, Lamifil, Eland Cables, Rhomberg Rail, Siemens Mobility, La Farga, Alstom, Sumitomo Electric Industries, Arthur Flury AG, Fujikura, Jiangyin Electrical Alloy, TE Connectivity, NKT Cables, Kummler+Matter, Liljedahl Bare.
The railway cables market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Railway Cables Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Railway Cables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Cables Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Railway Cables Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Railway Cables Market Size & Forecast, 2020-2028
4.5.1 Railway Cables Market Size and Y-o-Y Growth
4.5.2 Railway Cables Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Copper
5.2.2 Copper Silver
5.2.3 Copper Tin
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 High Speed Rail
6.2.2 Metro
6.2.3 Streetcar
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Cables Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Railway Cables Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Copper
9.6.2 Copper Silver
9.6.3 Copper Tin
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 High Speed Rail
9.10.2 Metro
9.10.3 Streetcar
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Copper
10.6.2 Copper Silver
10.6.3 Copper Tin
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 High Speed Rail
10.10.2 Metro
10.10.3 Streetcar
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Copper
11.6.2 Copper Silver
11.6.3 Copper Tin
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 High Speed Rail
11.10.2 Metro
11.10.3 Streetcar
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Copper
12.6.2 Copper Silver
12.6.3 Copper Tin
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 High Speed Rail
12.10.2 Metro
12.10.3 Streetcar
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Copper
13.6.2 Copper Silver
13.6.3 Copper Tin
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 High Speed Rail
13.10.2 Metro
13.10.3 Streetcar
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Railway Cables Market: Competitive Dashboard
14.2 Global Railway Cables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jiangyin Electrical Alloy
14.3.2 Lamifil
14.3.3 Eland Cables
14.3.4 Rhomberg Rail
14.3.5 Siemens Mobility
14.3.6 La Farga
14.3.7 Alstom
14.3.8 Sumitomo Electric Industries
14.3.9 Arthur Flury AG
14.3.10 Fujikura
14.3.11 Jiangyin Electrical Alloy
14.3.12 TE Connectivity
14.3.13 NKT Cables
14.3.14 Kummler+Matter
14.3.15 Liljedahl Bare
