Market Research Report
Connector Industry Forecast
|Published by||Bishop & Associates, Inc.||Product code||238973|
Delivery time: Inquiry
|Connector Industry Forecast|
|Published: December 31, 2018||Content info:||
How is the connector industry anticipated to perform in 2018? How does this compare to performance in 2017? How does it compare to anticipated performance in 2019? Which markets and sub-sectors will show the greatest growth in 2018, in 2023? What outside factors are affecting connector growth in 2018? What factors may affect growth in 2019 and beyond? Historically, how is 2018's performance impacting demand? How are currency fluctuations impacting 2018 in sales dollars? What market and sales trends will prevail in 2018 and beyond and why?
Bishop & Associates research report, Connector Industry Forecast reviews total world connector sales in 2017 and provides a comprehensive analysis by region and market sector of projected connector sales for 2018 through 2023. With connector sales broken down by region, market sector, and sub-sector, this report provides a detailed analysis, in US dollars, of the world connector industry. Prepare your company to participate in the markets and sub-sectors that will drive connector sales through 2023, order your copy of the Connector Industry Forecast today.
Bishop & Associates has released the 2018-2023 Connector Industry Forecast. This eight-chapter report provides an in-depth, and detailed forecast of the worldwide connector Industry. In addition to the detailed forecasts for each region of the world (North America, Europe, Japan, China, Asia Pacific, and ROW), an industry overview is included which provides current market trends, including connector confidence level, currency fluctuation effects, and industry sales performance, as well as an outlook narrative.
Worldwide and each regional forecast includes:
Poised to be better than 2017, 2018 is anticipated to be a banner year for the connector industry! In 2017, we thought we had seen the best year for the connector industry since 2010, when connector industry sales grew an astonishing 28.2% after declining a whopping 21.8% in 2009. Now, it appears that 2018 will outshine 2017 with sales growth of 11.2%. The connector industry has not seen sales grow in double-digits for two consecutive years since 2003 and 2004.
All regions are anticipated to show growth in 2018, with four of the regions, North America, Europe, China, and ROW, achieving double-digit growth. Europe is forecast to show the highest growth, which will make Europe the second largest region in the world, overtaking North America, which was the second largest region in 2017. Europe will be followed by North America, whose sales growth for 2018 will be the highest since 2010, when connector sales grew 23.8%, following 2009 where sales declined 25.8%.
North America will be followed by China for 2018 sales growth, with 2018 connector sales also forecast to be in the double-digits. China will maintain its position as the largest region with connector sales exceeding $20 billion for the first time. China will be followed by the ROW region. Although lower than 2017 growth, where connector sales grew 12.9%, this will be the first time since 2011 that the ROW region will have sales that exceed $3 billion. ROW will be followed by the Asia Pacific region, with 2018 forecasted sales of over $9 billion for the first time.
The Asia Pacific region will be followed by Japan. Although Japan's sales are forecasted to be significantly lower than 2017 growth of 11.7%, 2018 sales will bring the Japanese region above the $5 billion mark, a figure not seen since 2014.
The connector industry's sales by region are noted in the following table.
We are forecasting 2018 sales to grow +11.2% to $66,839.2 million.
It is important to note that this forecast is based on the following assumptions:
No US or European recession. Minimal impact on the electronic connector industry by the establishment of tariffs, especially those on raw materials such as aluminum and steel. Currency fluctuations will be minimal. Energy prices will remain relatively stable with no unusual high spikes. Stable interest rates with few short-term increases, particularly in North America and Europe. No major geo-political blow up in the Ukraine, Middle East, South China Sea or Korean Peninsula.
Chapters 4 Thru 8 Provide the Same Detail Level as Chapter 3