Wire Connector Manufacturing in the US - Industry Market Research Report

Wire Connector Manufacturing in the US - Industry Market Research Report

  • March 2020 •
  • 32 pages •
  • Report ID: 5103743 •
  • Format: PDF
On the wire: continued growth in key downstream markets is expected to bolster revenue growth

Abstract

Wire Connector Manufacturing
Over the five years to 2018, the Wire Connector Manufacturing industry has expanded in line with rising downstream demand among the various and numerous markets this industry serves. Increasing electric power consumption and a rising industrial production index have been major drivers of growth during the five-year period. Since wire connectors are integral to such a wide array of products and systems, the Wire Connector Manufacturing industry is largely tied to consumption levels and demand for electronic devices. Over the five years to 2023, industry revenue is forecast to grow. Continued growth in key downstream markets, such as SUVs and aerospace manufacturing, as well as construction, is expected to bolster revenue growth. Different modes of transportation in general, whether they be SUVs, cars or trucks, are expected to include an increasing amount of industry products as they become more technologically advanced.

This industry manufactures wire connectors for electrical circuitry. Connectors may join two lengths of flexible copper wire or cable or connect a wire, cable or optical interface to an electrical terminal.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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