Market Research Report
Connector Industry Forecast
|Published by||Bishop & Associates, Inc.||Product code||965929|
Delivery time: Inquiry
|Connector Industry Forecast|
|Published: October 16, 2020||Content info:||
Bishop & Associates newest research report, Connector Industry Forecast reviews total world connector sales in 2019 and provides a comprehensive analysis by region and market sector of projected connector sales for 2020 through 2025. 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.
2020 will go down in the history books as a year of firsts. See how the pandemic has shaped the present and the future of the connector industry, order your copy of the Connector Industry Forecast.
Bishop & Associates has 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
How long will the pandemic last? How fast will world economies recover once the pandemic is over? What will be the economic impact on the connector industry?
These are big, important questions that we asked ourselves in March, and as of today, still have no clear answer to. However, one can postulate by analyzing past performance in downturns and develop assumptions on what might happen next, based on this analysis.
In the two most recent downturns, connector industry sales declined for up to five consecutive quarters. The sales declines were high double-digits with the worst quarter down 35.6% (first quarter of 2009).
Connector industry sales declined 18.8% in 2001 and 6.9% in 2002. At the time, this was the worst downturn in the connector industry since Bishop started tracking industry performance in 1980.
The following table shows the industry's performance by quarter during the 2001-2002 dotcom bubble crisis and September 11th attacks.
The downturn lasted five quarters, the longest contraction in connector industry history. Following the downturn, connector industry demand came back strong, growing 11.4% in 2003.
Undoubtably, the H1N1 pandemic had some measurable effect on the global economy. However, it paled in comparison to the financial crisis's devastating impact.
The following table shows industry sales performance by quarter for the period 2008 through 2010.
This downturn lasted only four quarters but produced the two worst quarters in connector industry history (1Q09 = -35.6%; 2Q09= -32.1%).
Some interesting observations:
Although we initially forecasted that 2020 (COVID-19 crisis) would result in the industry's worst decline in sales ever, we have found the industry is more resilient than we had anticipated, declining just a fraction of our original predictions.
Due to economic effects spurred by the pandemic, Bishop is forecasting 2020 sales to decline by X.X% to $XX.XXX million. We anticipate the greatest percentage decline will occur in the ROW region, where sales will decline XX.X%, followed by Japan where sales will decline XX.9%. In US dollars, the greatest decline will occur in Europe, where connector sales are forecasted to decline by XX.2% or $X,XXX.4 million, followed by North America where connector sales are forecasted to decline by XX.X% or $X.XXX.5.
The following are the assumptions we are using to develop the connector industry forecast.