Market Research Report
Connector Industry Forecast
|Published by||Bishop & Associates, Inc.||Product code||238973|
Delivery time: Inquiry
|Connector Industry Forecast|
|Published: July 23, 2018||Content info:||
Bishop & Associates newest 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.
Understand the markets and sub-sectors that will drive connector sales in 2018 and beyond, order your copy of the Connector Industry Forecast.
Bishop & Associates has just released the 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:
What a great year for the connector industry! 2017 turned out to be 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. Not since 2006, over a decade ago, have we had a year where connector sales grew in the double-digits, and growth was not driven by a drastic decline the previous year.
All regions showed growth in 2017, with four of the regions, Europe, Japan, China, and ROW, exhibiting double-digit growth. The greatest growth was seen in China, where connector sales grew 15.9%. China is now over $6 billion dollars larger than any other region and approaching the $20 billion-dollar mark. China was followed by the ROW region, where connector sales grew 12.9%. This is the strongest growth the ROW region has seen since 2011. Unfortunately, since connector sales in the ROW region have been extremely sluggish over the last five years, even with the strong double-digit growth of 2017, total connector sales still fall behind total ROW connector sales achieved in 2011.
The ROW region was followed by the Japanese region, where connector sales grew 11.7% in 2017. Like the world connector number, this was the greatest growth seen in the Japanese region since 2010, when connector sales grew 34.1%, following a year where Japanese connector sales declined 24.1%. Because of lack luster performance over the last seven years, two years with double-digit decline in sales, the Japanese region still is almost 25% smaller than it was in 2012!
Japan was followed by Europe with sales growth of 11.6% and North America with sales growth of 6.8%. The poorest performing region was Asia-Pacific, where sales grew only 5.3%. Although this was the lowest growth rate in 2017, it was better growth than was exhibited by this region in the last two years, when sales grew a mere 0.1% in 2015 and declined 3.4% in 2016.
The connector industry's sales by region are noted in the following table.
We are forecasting 2018 sales to grow X.X to $6X,XXX.X million.
Here are some points to consider in support of the 2018 forecast: