Update on the Connector Industry: 2025 Off to Good Start

We are already three months into the new year; so how is the connector industry performing so far? Based on good January and February connector sales, Bishop & Associates is bullish on the 2025 connector industry.

Bishop & Associates is bullish in the 2025 connector industry. January and February results were good. Orders were up +6.4% and sales were up +5.5%. Inflation is lower, and world GDPs are stable. The US economy, the largest in the world, is healthy and the US consumer continues to spend.

World Connector Results January & February 2025
Percentage Change

So, we are encouraged by the good start to 2025 and are forecasting full year growth of 7.9%. We estimate that world connector sales will be $93,273 million up from 2024 sales of $86,478 million.

January and February 2025 connector sales were $14,991 million. Using that information, along with Bishop’s database of past connector sales, we can develop a range of possible sales outcomes for 2025.

2025 Outlook: Historical Analysis

Over the past 15 years (2010 through 2024), sales through February averaged 15.9% of full year sales. If the industry matched the 15-year average of 15.9%, full year 2025 sales would be $94,293 million or growth of +9.0%.

Continuing this analysis, the 15-year high was 16.9% of sales, medium was 15.9%, and low was 14.2%. This allows us to calculate a range of possible outcomes for 2025.

2025 Sales Outlook Historical Analysis Methodology YTD
February Sales $14,991

As noted, the historical analysis projects 2025 growth in the range of +2.6% to +14.0%.

The following table adds the 2025 Bishop forecast to the range of possibilities.

Range of Possible Outcomes

The following table identifies our 2025 forecast by region.

2023, 2024, and 2025 Connector Sales By Region with Percent Change

Note, we believe Europe and Japan will continue to struggle, generating 2025 sales growth of a lethargic +3.0% and +2.2% respectively.

China and Asia Pacific will achieve low double-digit sales growth, +10.8% and +11.1%, respectively.

North America will achieve good growth of +7.9%.

The following table provides our 2025 projection by quarter.

2023, 2024, and 2025 Connector Sales By Quarter with Percent Change

You will note that we believe the fourth quarter of 2025 (4Q25) will end with double-digit growth of +11.4%.

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