Europe Press Fit Connector Market

Market Introduction

The press fit connector market in Europe is segmented into France, Germany, Russia, Italy, the UK, and Europe. Compared with the Nordic and Eastern European countries, western European countries are more developed and technologically advanced. Europe has gone through the initial adoption phase of electric mobility, and the gradually increasing momentum behind EV adoption – both from the consumer and the automotive industry are fueling the demand of press fit connector in the automotive industry. Automobile manufacturers of the region has observed an unprecedented demand for electric vehicles (EVs) in the last few years. For instance, in the Europe, the EVs sales jumped from 43% in 2020 from 2019. However, the sales passenger plug-in electric cars for in 2020 is 1,367,138. Additionally, due to the growing environmental concerns, governments of several European countries are implementing stringent regulations on carbon emissions from automobiles. Due to these initiatives, there is an increase in sales of hybrid electric vehicles (HEVs), which, in turn, is bolstering the market growth in the region. Moreover, the growing application of networking devices coupled with flourishing automotive, telecommunication, and computer networking sectors and rapid digitalization favored by the increasing penetration of smart devices are the factors that will raise the demand for press fit connectors in the European region. Furthermore, increasing investment for the industrial infrastructure development and upsurging ITES and data center industry in Germany has significantly propelled the demand for press fit connectors market in Europe because of the presence of prominent market players, technical advances, and an increase in the use of press fit connectors in various applications in the region. Continuous progress of telecommunications sector is the major factor driving the growth of the Europe press fit connector market.

Due to increased number of COVID-19 cases, the European market also witnessed a sluggish growth in the press fit connector market in the first half of 2020. Countries such as Russia, France, Spain, and the UK had a major count of COVID-19 cases. The semiconductor industry in Europe resumes growth at a slower rate compared to other markets, such as Asia and the U.S. The demand from industrial and automotive electronics has witnessed a substantial hit than consumer electronics due to the impact of COVID-19 pandemic. Post lockdown market has witnessed healthy growth rate owing to the increasing demand for advanced electronics devices to restart the facilities, operations, commercial places, and transportation.

Europe Press Fit Connector Strategic Insights

Strategic insights for the Europe Press Fit Connector provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Press Fit Connector Report Scope

Europe Press Fit Connector Regional Insights

The geographic scope of the Europe Press Fit Connector refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The press fit connector market in Europe is expected to grow from US$ 2,155.27 million in 2021 to US$ 2,887.02 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028. Various governments are taking initiatives to propel the development of smart cities in their respective economies. TE Connectivity launched a 56-position VPX footprint-compatible connector designed for rugged, high-speed applications. Press-fit stacking connectors address the need for 10 Gbps digital signals in high-density packaging. The company is engaged in providing intelligent traffic analysis and route planning services in large cities. Further, the Smart Cities Mission of Indian government focuses on promoting the development of sustainable and inclusive cities that offer essential infrastructure for ensuring provide a decent quality of life, coupled with a sustainable and clean environment with the deployment of smart solutions. The initiative of Indian government toward green and smart cities is providing impetus to the companies offering products enabled with the press-fit technology, encouraging the development of energy-efficient and economical press-fit connector systems. Thus, the development of smart cities is becoming a significant trend in the press fit connector market, contributing to its growth.

Key Market Segments

The Europe press fit connector market has been segmented based on type, application, and country. Based on type, the market is segmented into cold press-in and compliant press-in. The compliant press-in segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. In terms of application, the market is segmented into automotive, telecommunications, military & aerospace, medical, and others. The automotive segment dominated the market in 2020 and military & aerospace segment is expected to be the fastest growing during the forecast period.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on press fit connector market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Amphenol ICC; Aptiv PLC; Autosplice; AVX Corporation; Diehl Stiftung & Co. KG; Dietze Group; Fujitsu Limited; Molex, LLC (Koch Industries, Inc.); Positronic; PROVERTHA; Connectors, Cables and Solutions GmbH; SAMTEC, Inc.; Sumitomo Electric Industries, Ltd.; and TE Connectivity Corporation are among others.

Reasons to buy report

• To understand the Europe press fit connector market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe press fit connector market
• Efficiently plan M&A and partnership deals in Europe press fit connector market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe press fit connector market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Press Fit Connector Market Segmentation

Europe Press Fit Connector Market –By

Type

• Compliant Press-in
• Cold Press-in

Europe Press Fit Connector Market –By Application

• Automotive
• Telecommunications
• Military and Aerospace
• Medical
• Others

Europe Press Fit Connector Market -By Country

• Germany
• France
• Italy
• Russia
• UK
• Rest of Europe

Europe Press Fit Connector Market -

Company Profiles

• Amphenol ICC
• Aptiv PLC
• Autosplice
• AVX Corporation
• Diehl Stiftung & Co. KG
• Dietze Group
• Fujitsu Limited
• Molex, LLC (Koch Industries, Inc.)
• Positronic
• PROVERTHA Connectors, Cables and Solutions GmbH
• SAMTEC, Inc.
• Sumitomo Electric Industries, Ltd.
• TE Connectivity Corporation