Wire Connector Manufacturing in the US - Industry Market Research Report

Wire Connector Manufacturing in the US - Industry Market Research Report

Wire Connector Manufacturing in the US

Over the past five years, wire connector manufacturing operators have grown and declined in line with downstream demand among the various markets serviced. Stagnant electric power consumption and a falling industrial production index have been major contributors to the decline of overall revenue during the five-year period. Since wire connectors are integral to such a wide array of products and systems, the industry is primarily tied to consumption levels and demand for electronic devices. These trends contributed to revenue falling at a CAGR of 7.3% over the past five years to an estimated $2.1 billion through the end of 2023.

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."