Market Analysis and Insights: Global Wire Termination Market
Due to the COVID-19 pandemic, the global Wire Termination market size was US$ 5,013.05 million in 2021 and is forecast to a readjusted size of US$ 5,908.42 million by 2028 with a CAGR of 2.96% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Wire Connectors accounting for 52.29% of the Wire Termination global market in 2021, is projected to value US$ 3,234.41 million by 2028, growing at a revised 3.70% CAGR from 2022 to 2028. While Automotive segment is altered to a 5.47% CAGR throughout this forecast period.
The United States Wire Termination market size was US$ 1,129.39 million in 2021, while China was US$ 881.87 million. The proportion of the United States was 22.53% in 2021, while Chinese percentage was 17.59%, and it is predicted that China share will reach 18.84% in 2028, trailing a CAGR of 3.63% through the analysis period (2022-2028).
The global key manufacturers of Wire Termination include ABB, 3M, TE Connectivity, JST, Panduit, Molex, K.S. TERMINALS, Nichifu, Hubbell, Nippon Tanshi, HellermannTyton, ECM Industries, ETCO, Sicame Group, Daido Solderless Terminal, Fuji Terminal, Ideal Industries, etc. In 2021, the global top five players occupied for a share approximately 16.48% in terms of revenue.
Global Wire Termination Scope and Market Size
The global Wire Termination market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Wire Termination market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
By Company
TE Connectivity
3M
Panduit
ABB
JST
Fuji Terminal
Molex
HellermannTyton
K.S. TERMINALS
Hubbell
Ideal Industries
Nichifu
ECM Industries
Nippon Tanshi
ETCO
Sicame Group
NSPA
Hillsdale Terminal
Daido Solderless Terminal
Jeesoon Terminals
NSi Industries
Segment by Type
Wire Connectors
Cord-end Ferrules
Terminals
Segment by Application
Aerospace and Defense
Automotive
Industrial Application
Electrical & Electronics
Home Appliances
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook