According to the report titled ‘Global Railway Rolling Stock Cables Market Size study, by Type (Control Cables, Power Cables, High temperature Cables, Jumper Cables, Fiber Cables, Accessories) by Application (High-speed Trains, Regional Commuter Trains, Underground Trains, Freight Trains, Passenger trains) and Regional Forecasts 2020-2027’, available with Market Study Report, global railway rolling stock cables market is anticipated to record substantial growth during 2020-2027.
 

Escalating demand for means of transport for mass commuters and railways due to growing population across the globe are primarily driving the growth of global railway rolling stock cables market.
 

Notably, cables are used in all modes of rail transport, such as conventional trains, metro, and underground rail networks. Railway rolling stock cables are used in vehicles for control, electricity, heating & ventilation, and communication purposes. In terms of mechanical and thermal properties, the cables have specifications to withstand the stresses of extreme temperature and movement, augmenting global railway rolling stock cables market size.
 

As estimated by the United Nations, by 2050, the world population will reach 9.8 billion, driving the need for reliable, innovative, and clean mobility solutions. In addition, bulk of this population lives in metropolitan areas, which increases road congestion in these cities. The survey further cites, in 2018, 54% of world population reside in cities, which will go up to 66% by the end of 2020. Constant demand for metro trains, railways, and more such mass transit solutions is propelling global railway rolling stock cables market growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2706233/
 

The overall track infrastructure around the world has crossed more than 1.6 million km as of 2018, according to Association of the European Rail Industry. Of these, about 40% of total tracks are electrified, creating lucrative opportunities for global railway rolling stock cables market partakers. In addition, rise in digitalization has fueled the growth of the industry, as railway stock cables are being integrated in component level sensors for enhanced communications.
 

However, high cost and maintenance of these cables may hamper the expansion of global railway rolling stock cables industry over the forecast timespan.
 

Based on type, worldwide railway rolling stock cables market is divided into accessories, fiber cables, jumper cables, high temperature cables, power cables, and control cables. Speaking of application spectrum, the industry is bifurcated into passenger trains, freight trains, underground trains, regional commuter trains, and high-speed trains.
 

Citing regional landscape, North America currently holds considerable share of railway rolling stock cables market and is expected to expand further over the assessment period. The regional growth is credited to presence of large railway network and increasing acceptance of technology.
 

Meanwhile, Asia Pacific railway rolling stock cables industry is poised to register notable gains over the study period, on account of growing population, rising investments in railway infrastructure, and increasing disposable income.
 

Major contenders impacting global railway rolling stock cables market trends are Fujian Nanping Sun Cable Co. Ltd., Qingdao Hanhe Cable Co. Ltd., Huber+Suhner, Tianjin Tianlan Group Co. Ltd., Lubao Cable Group Co. Ltd., Hengtong Group, and Nexans S.A.