The heavy-duty connector market accounted to US$ 1,477.5 Mn in 2019 and is expected to grow at a CAGR of 6.4% during the forecast period 2020 – 2027, to account to US$ 2,411.1 Mn by 2027.
The connector industry plays a crucial role in facilitating seamless connectivity of power, signal, and data between numerous industrial systems, machinery, or components. Moreover, industrial connectors also play a pivotal role in ensuring the continuous operation of industrial systems to ensure uninterrupted industrial production. Among these, the heavy-duty industrial connector is specially designed connector components that are durable as well as suitable for heavy-duty industrial applications. For instance, the heavy-duty connector features reliable connectivity solutions, even when the industrial systems are subjected to extreme mechanical stress, pressure, temperature, dust, and other external environmental conditions. As a result, the heavy-duty connectors (HDC) have profound scope applications across numerous industrial as well as commercial applications that deploy heavy-duty machinery. For instance, the HDC is extensively being utilized across manufacturing, aerospace & defense, marine, energy & power, railways, aviation, specialty equipment, construction, and power generation applications. Geographically, the heavy-duty connector market is segmented into North America, APAC, Europe, the Middle East & Africa, and South America. European region dominated the market with strong presence of prominent market players and end-user base from the region. Whereas, from growth perspective the Asia-Pacific and Middle East & African regions is expected to witness a lucrative growth rate owing to considerable presence of fast-growing economies in the region propelling the growth from different end-user verticals.
Lucrative Regional Heavy-Duty Connector Market
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Market Insights
Increasing scope of application for Heavy-Duty Connectors
The manufacturing and oil & gas industries are growing rapidly worldwide. China, the US, Japan, Germany, India, South Korea, the UAE, and the UK are several prominent countries with wide manufacturing and oil & gas industries. Economic growth worldwide has boosted developments in these industries. Also, the technological renaissance is changing the modern factory processes. Governments of various countries are investing to set up manufacturing plants of these industries in their localities. The expansion of these industries is expected to boost the implementation advanced technologies to enhance plant productivity, and further gain a competitive advantage and retain customer loyalty. Heavy-duty connectors are installed in various industries, including those mentioned above. The use of these connectors reduces field wiring after equipment or vehicles leave the production floor. Also, they help increase productivity and reduce the risk associated with field wiring. Thus, the advantages provided by heavy duty connectors in comparison with the traditional connectors used is driving the adoption of the heavy-duty connectors within the process lines of the manufacturing as well as oil & gas production units.
Component Insights
The global heavy-duty connector market by component is segmented into hoods and housings, insert and contact, and accessories. Insert and contact segment dominated the heavy-duty connector market heavily and is projected to continue its dominance throughout the forecast period from 2020 – 2027. The insert and contact is the main component of the heavy-duty connectors, which are responsible for electrical functioning.
Material Insights
The global heavy-duty connector market by material is segmented into metal and plastic. Metal segment dominated the heavy-duty connector market heavily and is projected to continue its dominance throughout the forecast period from 2020 – 2027. Hoods & housings are made of aluminum die-cast, and are coated with epoxy powder paint which is corrosion resistant and provides protection from adverse conditions.
Termination Method Insights
The global heavy-duty connector market by termination method is segmented into crimp, screw, and others. Crimp segment dominated the heavy-duty connector market heavily and is projected to continue its dominance throughout the forecast period from 2020 – 2027. Crimp termination is mechanically stronger, owing to which it is mostly preferred for the heavy-duty connectors.
Application Insights
The heavy-duty connector market by application is further segmented into passenger vehicle and commercial vehicle. Manufacturing segment of the heavy-duty connector market dominated the application and is expected to continue its dominance throughout the forecast period of 2020 – 2027. The manufacturing sectors require heavy duty connectors due to the presence of huge machinery in manufacturing units, production sites, and assembly lines. The heavy duty connectors provide unlimited connection options in the heavy duty industrial housing.
Europe Heavy-Duty Connector Market by Material
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Heavy-Duty Connector Market: Strategic Insights
Market Size Value in US$ 1,477.5 Million in 2019 Market Size Value by US$ 2,411.1 Million by 2027 Growth rate CAGR of 6.4% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Heavy-Duty Connector Market: Strategic Insights
| Market Size Value in | US$ 1,477.5 Million in 2019 |
| Market Size Value by | US$ 2,411.1 Million by 2027 |
| Growth rate | CAGR of 6.4% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Merger & acquisition strategy is commonly adopted by companies to expand their footprint worldwide and meet the growing demand. This strategy is mostly observed in Europe and APAC. The players present in the heavy-duty connector market adopt the strategy of expansion and investment in research and development to enlarge customer base across the world, which also permits the players to maintain their brand name globally.
The spurring use of heavy machinery in various industries is enabling manufacturers to invest in innovative components with advanced technologies, which facilitates efficient functioning. The modern-day heavy-duty connectors are efficient, and owing to the fact that heavy-duty connectors are the most critical component of heavy-duty machineries, more SMEs are opting for these connectors. Thus, various heavy-duty connectors’ manufacturers and their associations predict rise in the adoption of these connectors in the coming years, as they prove to be a better option for secure, time-saving, and simple assembly of machinery and facilities. The surge in demand for heavy-duty machinery in the manufacturing and oil & gas hubs would propel companies to raise the manufacturing volume, which is ultimately expected to accentuate the procurement of heavy-duty connectors for better signal transmission in these machinery. Thus, high efficiency and secure transmission enabled by these connectors, irrespective of harshness of conditions, is expected to propel the growth of heavy-duty connectors market in the coming years
Heavy-Duty Connector Market - By Component
- Hoods & Housings
- Insert and Contact
- Accessories
Heavy-Duty Connector Market - By Material
- Metal
- Plastic
Heavy-Duty Connector Market - By Termination Method
- Crimp
- Screw
- Others
Heavy-Duty Connector Market - By Application
- Manufacturing
- Power
- Rail
- Oil & Gas
- Construction
- Others
Heavy-Duty Connector Market - By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- UK
- France
- Germany
- Italy
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
South America
- Brazil
- Argentina
- Rest of South America
Heavy-Duty Connector Market - Company Profiles
- Amphenol Sine Systems
- China Utility Electrical Co., Ltd
- HARTING Technology Group
- Molex, LLC
- Phoenix Contact GmbH & Co. KG
- Smiths Interconnect
- Radiall VanSystem S.r.l.
- TE Connectivity
- Weidmüller Interface GmbH & Co. KG
- Wieland Electric GmbH
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component ; Material ; Termination Method ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexic, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Emerging demand from end-user industries especially manufacturing, energy & power and oil & gas industries are propelling the growth of Asia-Pacific heavy-duty connector market during the coming years.
The European region owing to substantial presence of prominent market players coupled with persistent demand from its considerably large end-user base equipped with state of the art technologies accounted for largest share of the region in the base year.
The metal based heavy-duty connector due to significant penetration of aluminum die casting based heavy-duty connectors resulting in their reliable performance in extreme environmental conditions.
The List of Companies - Heavy-Duty Connector Market
- Amphenol Sine Systems
- CHINA UTILITY ELECTRICAL CO., LTD
- HARTING Technology Group
- MOLEX, LLC
- PHOENIX CONTACT GmbH & Co. KG
- Smiths Interconnect
- Radiall VanSystem S.r.l
- TE Connectivity
- Weidmüller Interface GmbH & Co. KG
- Wieland Electric GmbH
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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