Wire Connector Manufacturing
The Wire Connector Manufacturing industry has exhibited solid performance over the five years to 2017. Prior to the five-year period, industry revenue jumped up significantly due to pent-up demand. However, once demand began to normalize, revenue slowed and even declined in 2012 and later in the period due to a heavy drop in exports in 2016. The fall in exports can potentially be attributed to the fall in the price of plastic, which is a major input in industry goods. Earlier in the period, rising domestic demand, caused by consistent economic growth and strong overall export demand, helped revenue briefly reach prerecession levels. Over the five years to 2022, industry revenue is forecast to experience steady and stable increases. 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.