“Increasing demand for a safe and efficient mode of transportation is driving the market of railway wiring harness”
The railway wiring harness market, by value, was USD 1.5 billion in 2021. It is projected to grow at a CAGR of 4.6% from 2021 to 2026, to reach USD 1.9 billion by 2026. Rapid urbanization in emerging countries has increased the demand for public transport such as rail networks. In addition, the increasing demand for a safe and efficient mode of transportation is expected to drive the growth of the market. The high population growth rate, particularly in Asia Pacific countries such as China and India, has intensified the need to increase mass transportation and expand the existing rail infrastructure. China invested USD 50.3 billion in the railway sector during the first hal
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