The railway connectors market in Middle East & Africa is expected to grow from US$ 15.03 million in 2021 to US$ 26.22 million by 2028; it is estimated to grow at a CAGR of 8.3% from 2021 to 2028.
Railway transportation is mainly considered a more secure, safe, and economical mode of transport than road transportation. Public rail transport systems provide less traffic congestion, less pollution, safer travel, lower expenditures, and better predictability than road transport. Moreover, the demand for railway transportation is growing among travelers owing to its high precision and capability to cover maximum areas. Government projects, such as Dubai Route 2020 Metro, for building new rail infrastructure and increasing investments in expanding train connectivity are contributing to the growth of the railway sector. Therefore, surging government investments will increase the number of railway projects, which would boost the growth of the Middle East & Africa railway connector market during the forecast period.
Middle East & Africa Railway Connectors Market Revenue and Forecast to 2028 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Middle East & Africa Railway Connectors Market Segmentation
The Middle East & Africa 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 broad/PCB connector segment held the largest market share. Based on component, the Middle East & Africa 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 South Africa, the UAE, and the rest of Middle East & Africa. The rest of Middle East & Africa 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; and TE Connectivity Corporation are among the leading companies in the Middle East & Africa railway connectors market.
Middle East and Africa Railway Connectors Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 15.03 Million |
| Market Size by 2028 | US$ 26.22 Million |
| CAGR (2021 - 2028) | 8.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Connector Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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