After a disappointing 2023, where connector sales declined -2.3%, 2024 proved to be an interesting and exciting year! Connector sales grew a solid +5.6%, with some market sectors and product families performing well above average growth and others struggling.
With connector sales growing a solid +5.6% in 2024, did all regions experience sales growth, or did some regions perform better than others? How are these same regions anticipated to perform in 2025, in 2030? Which market sector or sectors showed the greatest growth in 2024? Did any of the market sectors show a decline? How are these same markets expected to perform five years from now or will other market sectors outperform them? Which product families saw the greatest increase from 2023 to 2024? Is this growth anticipated to continue, or will other product families show greater growth? Is the growth of a product family tied to the growth of a market sector?
Analyzing the connector industry from 2015 through 2024, with a preliminary 2025 and 2030 forecast, Bishop & Associates latest research report, The Connector Market Handbook, details the connector industry by region, top level end-use equipment sector, and product type. Utilizing tables and graphs, key statistics are provided for total world, as well as by individual region.
Increasing over $4.6 billion in 2024, the connector industry saw connector sales grow a solid +5.6% in 2024. Is the industry expected to continue to grow at such a strong level over the next year, the next five years, or will there be a slowdown and if so, which market sectors will experience a decline? Track and monitor the ways in which the connector industry has changed over the last decade and how it will change in the next five years – order your copy of The Connector Market Handbook.
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