Increasing electrification across the transportation industry irrespective of the mode of transport has led to the development of automated transport methods. Trains are the frontrunners of transport automation after road transport, as autonomous driving is making its entry into the railway sector. In Europe, automatic train operation (ATO) is becoming the latest trend that modernizes the region's railway sector. In October 2019, six German companies, led by Siemens Mobility, started a joint project named “AStriD”. Moreover, increasing government initiatives toward driverless trains drive the growth of the railway connector market. In 2021, the European government unveiled the world's first automated, driverless train in Germany's Hamburg. The project is a joint venture between Deutsche Bahn, a German rail company, and Siemens, a high-tech partner. It is a part of a $70 million ‘Digital Rail Germany’ modernization plan. These types of projects in the field of automation help in boosting the integration of systems, such as railway connectors. The growing urban and local transport propels the need to integrate advanced and automated systems in rail to optimize train operations. Therefore, the use of connectors in autonomous trains benefits the players operating in the railway connectors market.
The Europe railway connectors market is segmented on the basis of connector type, component, application, and country. Based on connector type, the market is segmented into broad/PCB connector, data connector, pogo pin connectors/spring load connector, power connector, and others. In 2020, the others segment held the largest market share. Based on component, the Europe railway connectors market is segmented into backshell and connector body. In 2020, the connector body segment held a larger market share. Based on application, the market is segmented into light rail/trams, metro, passenger coach, and others. In 2020, the others segment held the largest market share. By country, the market is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. The rest of Europe contributed a substantial share in 2020.
Allied Electronics Corporation; Amphenol Corporation; Fischer Connectors SA; HARTING Technology Group; KYOCERA-AVX; Molex, LLC (Koch Industries, Inc.); Schaltbau GmbH; Smiths Interconnect; TE Connectivity Corporation; and TT Electronics are among the leading companies in the Europe railway connectors market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 177.57 Million |
| Market Size by 2028 | US$ 226.82 Million |
| CAGR (2021 - 2028) | 3.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Connector Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Railway Connectors Market is valued at US$ 177.57 Million in 2021, it is projected to reach US$ 226.82 Million by 2028.
As per our report Europe Railway Connectors Market, the market size is valued at US$ 177.57 Million in 2021, projecting it to reach US$ 226.82 Million by 2028. This translates to a CAGR of approximately 3.3% during the forecast period.
The Europe Railway Connectors Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Railway Connectors Market report:
The Europe Railway Connectors Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Railway Connectors Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Railway Connectors Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Railway Connectors Market
