Heavy-Duty Connector Market by Component (Hood and Housing, Insert and Contact), Material (Metal and Plastic), Termination Method (Crimp and Screw), Application (Manufacturing, Construction, Railway, Oil & Gas, Construction), and Geography - Global Forecast to 2023
The heavy-duty connector market size was valued at USD 2.67 Billion in 2017 and is expected to reach USD 3.51 Billion by 2023, at a CAGR of 4.6% during the forecast period. The base year used for this study is 2017, and the forecast period considered is between 2018 and 2023.
The objectives of the study are as follows:
- To define, describe, segment, and forecast the heavy-duty connector market, in terms of value, segmented on the basis of component, material, termination method, application, and geography
- To forecast the market size of various segments, in terms of value, with regard to 4 main regions North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To forecast the global market in terms of volume
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the total market
- To provide a detailed overview of the value chain of the ecosystem of heavy-duty connectors
- To analyze opportunities in the market for various stakeholders by identifying high-growth market segments
- To strategically profile the key players in the market and comprehensively analyze their market position in terms of the ranking and core competencies, along with detailing the competitive landscape for market leaders
- To analyze the growth strategies such as product launches and developments, acquisitions, collaborations, and expansions adopted by players in the market
The research methodology used to estimate and forecast the heavy-duty connector market begins with obtaining data on key vendor revenues through secondary research. Some secondary sources used in this research include information from journals and databases such as IEEE journals, connectors journals and magazines, Factiva, Hoovers, and OneSource. Moreover, vendor offerings have been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with the officials holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primaries has been depicted in the following figure:
To know about the assumptions considered for the study, download the pdf brochure
The heavy-duty connector ecosystem comprises vendors such as Weidmuller Interface (Germany), Phoenix Contact (Germany), TE Connectivity (Switzerland), Amphenol Sine Systems (US), Molex (US), Harting Technology (Germany), XiamenWain Electrical (China), Wieland Electric (Germany), ITT (US), ODU (Germany), and Lapp (Germany) selling these products and solutions to end users according to their unique requirements in the as manufacturing, railway, construction, oil & gas, and others industries.
Target Audience:
- Heavy-duty connector manufacturers
- Original equipment manufacturers (OEMs)
- Research organizations and consulting companies
- Heavy-duty connector-related associations, organizations, forums, and alliances
- Distributors and traders
- Government bodies such as regulating authorities and policymakers
- Venture capitalists, private equity firms, and startup companies
The study answers several questions for the target audience, primarily which market segments to focus on in the next 2 to 5 years for prioritizing their efforts and investments.
Report Scope:
In this report, the heavy-duty connector market has been segmented into the following categories:
Heavy-Duty Connector Market, by Component
- Hoods and Housings
- Insert and Contact
- Accessories
Heavy-Duty Connector Market, by Material
- Metal
- Plastic
Heavy-Duty Connector Market, by Termination Style
- Crimp
- Screw
- Others (Soldering and Insulation Displacement)
Heavy-Duty Connector Market, by Application
- Manufacturing
- Power
- Rail
- Oil & Gas
- Construction
- Others (Energy and Heavy Vehicles)
Geographic Analysis
- North America (US, Canada, and Mexico)
- Europe (UK, Germany, France, and Rest of Europe)
- Asia Pacific (China, Japan, India, and Rest of APAC)
- Rest of the World (South America, Middle East, and Africa)
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of the company. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to 5)
The overall heavy-duty connector market is estimated to grow from USD 2.81 Billion in 2018 to USD 3.51 Billion by 2023, at a CAGR of 4.6% between 2018 and 2023. The growth of this market is being propelled by the increase in the importance of industrial safety, rise in the adoption of industrial automation solutions, mandatory functional safety standards and government regulations, and emphasis on energy-efficient manufacturing.
The report covers the market segmented on the basis of components, materials, termination methods, applications, and geographic regions. The insert and contact segment is expected to hold the largest size of the market, based on type, by 2023. Inserts and contacts are the core components of the heavy-duty connector. They facilitate the transmission of power and signals. Moreover, the growth of this market is being propelled by the wide adoption of inserts and contacts in applications, such as manufacturing, railways, and oil & gas across the world.
The metal segment held a larger share of the overall market based on materials. The metal heavy-duty connector is the most mature technology, which is widely adopted in various industries. These connectors are durable, require less frequent replacements, and are more likely to sustain under extreme conditions. However, the market for the plastic material is expected to grow at a significant CAGR during the forecast period. Plastic heavy-duty connectors are considered to be the most reliable and viable option because plastic can be used to create solutions that are lighter, more resilient, and more environmentally friendly. In addition, in many industries, the use of plastic offers advantages over metal.
The heavy-duty connector market for the manufacturing application is expected to grow at the highest CAGR during the forecast period. The adoption of automation solutions in heavy industries such as automotive, food & beverages, chemicals, and metals is growing significantly. Heavy-duty connectors are adopted as they enable power, signal, and data transmission in one system, and they, simultaneously, are capable of withstanding extreme conditions such as moisture, dust, chemical substances, high temperatures, vibrations, and shocks throughout the intended life cycle. Further, the market for the railway application is expected to grow at a significant rate due to the rising investments by several governments and private firms across the world for railway infrastructure development with the aim to increase passenger comfort and avoid uncertain mishaps.
APAC held the largest size of the heavy-duty connector market in 2017. Rapid industrialization, high adoption of automation solutions, and competitive pressure to achieve operational efficiency are fueling the growth of the market in APAC. The market in APAC is expected to grow the highest CAGR during the forecast period. Europe region also holds a major market for industries wherein heavy-duty connectors find prominent applications. In addition, many heavy-duty connector manufacturers such as Weidmuller Interface, Phoenix Contact, TE Connectivity, Harting Technology, and Wieland Electric are present in the region.
In recent years, though the heavy-duty connector has emerged as a potential technology that provides reliable and safe transmission of power, signal, and data in heavy industries, it also encompasses a few technical drawbacks that hamper its market growth. The major drawback of heavy-duty connectors is the lack of the coordination of standards. Heavy-duty connectors are manufactured based on one or many standards and need to comply with pre-defined technical ratings with respect to various applications. Some heavy-duty connectors are set by the international standards, while different regions or countries may have their own standards and regulations. It is difficult for the users to implement and understand numerous safety standards.
Weidmuller Interface (Germany), Phoenix Contact (Germany), TE Connectivity (Switzerland), Amphenol Sine Systems (US), Molex (US), Harting Technology (Germany), XiamenWain Electrical (China), Wieland Electric (Germany), ITT (US), ODU (Germany), and Lapp (Germany) are some major companies operating in the heavy-duty connector market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Definition
1.3 Scope of the Study
1.3.1 Geographic Scope
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary and Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.1.3.2 Key Industry Insights
2.1.3.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 28)
4 Premium Insights (Page No. - 34)
4.1 Attractive Growth Opportunities in Heavy-Duty Connector Market
4.2 Market, By Termination Method
4.3 Market in North America, By Country and Application
4.4 Market, By Application
4.5 Market, By Country, 2018
5 Market Overview (Page No. - 38)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Importance of Industrial Safety
5.2.1.2 Rise in the Adoption of Industrial Automation Solutions
5.2.1.3 Mandatory Functional Safety Standards and Government Regulations
5.2.1.4 Increased Emphasis on Energy-Efficient Manufacturing
5.2.2 Restraints
5.2.2.1 Lack in Coordination of Standards
5.2.3 Opportunities
5.2.3.1 Advancements in Railway Infrastructure
5.2.3.2 Huge Investment in Renewable Energy
5.2.4 Challenges
5.2.4.1 Technical Challenges While Selecting the Right Connector
5.2.5 Value Chain Analysis
6 Heavy-Duty Connector Market, By Component (Page No. - 45)
6.1 Introduction
6.2 Hoods and Housings
6.3 Inserts and Contacts
6.4 Accessories
7 Heavy-Duty Connector Market, By Termination Method (Page No. - 50)
7.1 Introduction
7.2 Crimp
7.3 Screw
7.4 Others
8 Heavy-Duty Connector Market, By Material (Page No. - 57)
8.1 Introduction
8.2 Metal
8.3 Plastic
9 Heavy-Duty Connector Market, By Application (Page No. - 63)
9.1 Introduction
9.2 Manufacturing
9.3 Railway
9.4 Construction
9.5 Oil & Gas
9.6 Others
10 Geographic Analysis (Page No. - 88)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of APAC
10.5 RoW
10.5.1 Middle East
10.5.2 South America
10.5.3 Africa
11 Competitive Landscape (Page No. - 111)
11.1 Overview
11.2 Ranking Analysis, 2017
11.3 Competitive Situations and Trends
11.3.1 Product Launches and Developments
11.3.2 Collaborations and Acquisitions
11.3.3 Expansions
12 Company Profiles (Page No. - 115)
(Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.1 Key Players
12.1.1 TE Connectivity
12.1.2 Pheonix Contact
12.1.3 Harting Technology
12.1.4 Weidmuller Interface
12.1.5 Molex
12.1.6 Amphenol Sine Systems
12.1.7 Weiland Electric
12.1.8 ITT Cannon
12.1.9 ODU
12.1.10 Lapp
12.2 Other Companies
12.2.1 Smiths Interconnect
12.2.2 Walther Electric
12.2.3 China Utility Electrical
12.2.4 Xiamen Wain Electrical
12.2.5 Bulgin
12.2.6 Ningbo Degson Electronics
12.2.7 Indo Electricals
12.2.8 Schaltbau
12.2.9 Ningbo Oukerui Connector
12.2.10 Weald Electronics
*Details on Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 145)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details
List of Tables (62 Tables)
Table 1 Market, in Terms of Value and Volume, 20152023
Table 2 Market, By Component, 20152023 (USD Million)
Table 3 Market, By Termination Method, 20152023 (USD Million)
Table 4 Market for Crimp Termination Method, By Application, 20152023 (USD Million)
Table 5 Market for Screw Termination Method, By Application, 20152023 (USD Million)
Table 6 Market for Other Termination Methods, By Application, 20152023 (USD Million)
Table 7 Market, By Material, 20152023 (USD Million)
Table 8 Metal Heavy-Duty Connector Market, By Application, 20152023 (USD Million)
Table 9 Plastic Heavy-Duty Connector Market, By Application, 20152023 (USD Million)
Table 10 Market, By Application, 20152023 (USD Million)
Table 11 Market for Manufacturing Application, By Material, 20152023 (USD Million)
Table 12 Market for Manufacturing Application, By Termination Method, 20152023 (USD Million)
Table 13 Market for Manufacturing Application, By Region, 20152023 (USD Million)
Table 14 Market in North America for Manufacturing Application, By Country, 20152023 (USD Million)
Table 15 Market in Europe for Manufacturing Application, By Country, 20152023 (USD Million)
Table 16 Market in APAC for Manufacturing Application, By Country, 20152023 (USD Million)
Table 17 Market in RoW for Manufacturing Application, By Region, 20152023 (USD Million)
Table 18 Market for Railway Application, By Material, 20152023 (USD Million)
Table 19 Market for Railway Application, By Termination Method, 20152023 (USD Million)
Table 20 Market for Railway Application, By Region, 20152023 (USD Million)
Table 21 Market in North America for Railway Application, By Country, 20152023 (USD Million)
Table 22 Market in Europe for Railway Application, By Country, 20152023 (USD Million)
Table 23 Market in APAC for Railway Application, By Country, 20152023 (USD Million)
Table 24 Market in RoW for Railway Application, By Region, 20152023 (USD Thousand)
Table 25 Market for Construction Application, By Material, 20152023 (USD Million)
Table 26 Market for Construction Application, By Termination Method, 20152023 (USD Million)
Table 27 Market for Construction Application, By Region, 20152023 (USD Million)
Table 28 Market in North America for Construction Application, By Country, 20152023 (USD Million)
Table 29 Market in Europe for Construction Application, By Country, 20152023 (USD Million)
Table 30 Market in APAC for Construction Application, By Country, 20152023 (USD Million)
Table 31 Market in RoW for Construction Application, By Region, 20152023 (USD Million)
Table 32 Market for Oil & Gas Application, By Material, 20152023 (USD Million)
Table 33 Heavy-Duty Connector Market for Oil & Gas Application, By Termination Method, 20152023 (USD Million)
Table 34 Market for Oil & Gas Application, By Region, 20152023 (USD Million)
Table 35 Market in North America for Oil & Gas Application, By Country, 20152023 (USD Million)
Table 36 Market in Europe for Oil & Gas Application, By Country, 20152023 (USD Million)
Table 37 Market in APAC for Oil & Gas Application, By Country, 20152023 (USD Million)
Table 38 Market in RoW for Oil & Gas Application, By Region, 20152023 (USD Million)
Table 39 Market for Oil & Gas Application, By Material, 20152023 (USD Million)
Table 40 Market for Other Applications, By Termination Method, 20152023 (USD Million)
Table 41 Market for Other Applications, By Region, 20152023 (USD Million)
Table 42 Market in North America for Other Applications, By Country, 20152023 (USD Thousand)
Table 43 Market in Europe for Other Applications, By Country, 20152023 (USD Thousand)
Table 44 Market in APAC for Other Applications, By Country, 20152023 (USD Thousand)
Table 45 Heavy-Duty Connector Market in RoW for Other Applications, By Region, 20152023 (USD Thousand)
Table 46 Market, By Region, 20152023 (USD Million)
Table 47 Market in North America, By Application, 20152023 (USD Million)
Table 48 Market in North America, By Country, 20152023 (USD Million)
Table 49 Market in Us, By Application, 20152023 (USD Million)
Table 50 Market in Canada, By Application, 20152023 (USD Million)
Table 51 Market in Mexico, By Application, 20152023 (USD Million)
Table 52 Market in Europe, By Application, 20152023 (USD Million)
Table 53 Market in Europe, By Country, 20152023 (USD Million)
Table 54 Heavy-Duty Connector Market in APAC, By Application, 20152023 (USD Million)
Table 55 Market in APAC, By Country, 20152023 (USD Million)
Table 56 Market in China, By Application, 20152023 (USD Million)
Table 57 Market in Japan, By Application, 20152023 (USD Million)
Table 58 Market in India, By Application, 20152023 (USD Million)
Table 59 Market in Rest of APAC, By Application, 20152023 (USD Million)
Table 60 Market in RoW, By Application, 20152023 (USD Million)
Table 61 Market in RoW, By Region, 20152023 (USD Million)
Table 62 Market: Ranking Analysis (2017)
List of Figures (51 Figures)
Figure 1 Heavy-Duty Connector Market Segmentation
Figure 2 Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Snapshot of Market: Metal Heavy-Duty Connectors Expected to Hold Larger Market Size in 2018
Figure 7 Crimp Termination Method to Dominate Heavy-Duty Connector Market in Terms of Size Between 2018 and 2023
Figure 8 for Manufacturing Application Expected to Grow at Highest CAGR During Forecast Period
Figure 9 APAC to Account for Largest Share of Market in 2018
Figure 10 Increasing Investment in Renewable Energy to Create Attractive Growth Opportunities for Players in Figure 11 Market for Heavy-Duty Connectors Employing Crimp Termination Method to Grow at Highest CAGR During Forecast Period
Figure 12 US Expected to Hold Largest Share of Market in North America
Figure 13 Manufacturing Application Expected to Dominate Heavy-Duty Connector Market During 20182023
Figure 14 China Expected to Hold Largest Share of Market in 2018
Figure 15 Inherent Advantages of Heavy-Duty Connectors Drive Market Growth
Figure 16 Worldwide Annual Sale of Industrial Robots, 20102016
Figure 17 Market: A Major Value Added By Manufacturers and Component Providers
Figure 18 Market, By Component
Figure 19 Market for Inserts and Contacts to Grow at Highest CAGR Between 2018 and 2023
Figure 20 Market, By Termination Method
Figure 21 Market for Crimp Termination Method Expected to Grow at Highest CAGR Between 2018 and 2023
Figure 22 Manufacturing Application Expected to Dominate Market for Heavy-Duty Connectors Utilizing Crimp Termination Method During Forecast Period
Figure 23 Manufacturing Application to Command Market for Heavy-Duty Connectors Utilizing Other Termination Methods During Forecast Period
Figure 24 Market, By Material
Figure 25 Market for Plastic Heavy-Duty Connectors Expected to Grow at Higher CAGR Between 2018 and 2023
Figure 26 Market for Railway Application to Grow at Highest CAGR Between 2018 and 2023
Figure 27 Manufacturing Application Expected to Dominate Plastic Heavy-Duty Connector Market Between 2018 and 2023
Figure 28 Market, By Application
Figure 29 Manufacturing Application Expected to Dominate Heavy-Duty Connector Market Between 2018 and 2023
Figure 30 APAC Expected to Command Heavy-Duty Connector Market for Manufacturing Application During Forecast Period
Figure 31 India to Exhibit Highest CAGR in Market Between 2018 and 2023
Figure 32 US to Hold Largest Size of Market for Railway Application During Forecast Period
Figure 33 Metal Heavy-Duty Connectors to Hold A Larger Market Size for Construction Application During Forecast Period
Figure 34 The UK to Exhibit Highest CAGR in Market for Construction Application Between 2018 and 2023
Figure 35 RoW to Hold Largest Size of Market for Oil & Gas Application During Forecast Period
Figure 36 Plastic Heavy-Duty Connector Market for Other Applications to Grow at Higher CAGR During Forecast Period
Figure 37 China Expected to Hold Largest Size of Market for Other Applications During Forecast Period
Figure 38 Geographic Snapshot: Heavy-Duty Connector Market in India and China Expected to Grow at A Significant CAGR During Forecast Period
Figure 39 APAC Held Largest Share of Market in 2017
Figure 40 Snapshot of Market in North America:
Figure 41 Market in Mexico Expected to Grow at Highest CAGR Between 2018 and 2023
Figure 42 Manufacturing Application Expected to Dominate Heavy-Duty Connector Market in Canada Between 2018 and 2023
Figure 43 Snapshot of Market in Europe
Figure 44 Heavy-Duty Connector Market in UK Expected to Grow at Highest CAGR Between 2018 and 2023
Figure 45 Snapshot of Market in APAC
Figure 46 Market in India Expected to Grow at Highest CAGR Between 2018 and 2023
Figure 47 Manufacturing Application Expected to Hold Largest Size of Heavy-Duty Connector Market in Japan Between 2018 and 2023
Figure 48 Middle East Expected to Dominate Heavy-Duty Connector Market in RoW Between 2018 and 2023
Figure 49 Product Launches and Developments as Key Growth Strategies Between 2015 and February 2018
Figure 50 TE Connectivity: Company Snapshot
Figure 51 ITT: Company Snapshot
Growth opportunities and latent adjacency in Heavy-Duty Connector Market