Most of the Wire Connector Manufacturing industry's products are generally made from the same materials and offer similar functions and potential applications. As a result, the industry is highly price sensitive, and companies must keep costs low to maintain margins while remaining competitive in building construction, home electrical work and electronic goods markets. However, a significant portion of industry products is designed for more complex systems such as avionics, medical devices and defense items. In these market products, reliability is more important than price. Over the past five years, the industry has had a bumpy ride. Before the five-year period, industry revenue jumped up significantly due to pent-up demand caused by the recession. However, once demand began to normalize, revenue slowed and even declined in 2012. Over the five years to 2021, continued growth in key downstream markets such as automobile and aerospace manufacturing, as well as construction, is expected to bolster revenue growth.
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.