The global heavy-duty connector market accounted for US$ 1,477.5 Mn in 2019 and is expected to grow at a CAGR of 6.4% over the forecast period 2020-2027, to account for US$ 2,411.1 Mn by 2027.

The heavy-duty connector market outlook is positive, factors such as growing demand for boosting industrial production through optimal efficiencies of industrial machinery, integration of automated industrial solutions, and installation of heavy-duty machinery have gained substantial traction globally, especially in the past few years. The growing economic weight of several emerging economies, more specifically Brazil, Russia, India, China, South Africa, Indonesia, Turkey, and South Korea, is providing expansion opportunities for various companies in the heavy-duty connector market. Globally, the pattern of foreign direct investment (FDI) has changed in past years, with the increasing significance of developing market multinational enterprises (MNEs). These countries have been a powerful engine of the economic growth across the globe during the past century. China and India, together, contribute almost two-third of the global GDP growth. As per the Organization for Economic Co-operation and Development (OECD), APAC continues to record positive average GDP growth rate, which was 6.6% in 2018 and 6.3% in 2019.

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. Subsequently, propelling the demand for heavy-duty connector across the industrial automation and driving the growth of the heavy-duty connector market. Moreover, the rising awareness towards workplace safety as well as stringent safety standards at industrial production facilities from regulatory and government bodies also has aided in the penetration of heavy-duty connectors across various industry verticals. Thus, boosting the heavy-duty connector market growth across industry verticals. However, the growing demand for different end-user industries, especially from fast-growing economies in Asia and African regions are expected to be the dominant in heavy-duty connectors market driving force during the forecast period.

Globally, automation is gaining pace in a wide range of industries. With the widening functionality of equipment such as industrial robots, industries are further anticipated to accelerate the adoption of automation. Industries in developing countries, including China, Japan, and the South Korea are highly automating their processes. Also, the increased focus on research and development has led to development of high automated equipment and machinery in various industries especially manufacturing, oil & gas, among others. Thus, with the rising trend of modernization and transformation in various industries the demand for heavy-duty connectors is expected to grow, which, in turn, will increase the growth of heavy-duty connector market. Presently, the players in the heavy-duty connector market offer a wide range of heavy-duty connector based product that have an extensive scope of application across different heavy-duty applications. As a result, the global heavy-duty connector market is broadly segmented into material, component, application, termination method, and geography. Based on the components, the global market is divided into hoods & housing, insert & contact, and accessories. Whereas, by the material, the global heavy-duty connector market is bifurcated into metals and plastics. Owing to the substantial number of heavy-duty connector applications, by application the market is broadly segmented into manufacturing, power, rail, oil & gas, construction, and others. In addition to this, by the termination method, the significant methods considered are crimp, screw, and others.

The overall heavy-duty connector market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the heavy-duty connector market. It also provides the overview and forecast for the global heavy-duty connector market based on all the segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the heavy-duty connector market.