The connector industry January and February results were good. Orders were up 6.4% and sales were up 5.5% accordingly to an article by Bishop & Associates, Inc. published by TTI Market Eye.
Inflation is lower and world GDPs are stable. The U.S. economy, the largest in the world, is healthy and the U.S. consumer continues to spend.
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.
| Jan | Feb | Year to Date | |
| Orders | 7.6% | 5.3% | 6.4% |
| Sales | 2.6% | 8.1% | 5.5% |
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 Projection
| Quarter | 2023 Actual | 2024 Actual | YOY Change | 2025 Actual | YOY Change | |
| 1Q | $21,179 | $21,281 | 0.5% | $22,491 | 5.7% | |
| 2Q | $19,981 | $21,042 | 5.3% | $22,600 | 7.4% | |
| 3Q | $21,060 | $22,353 | 6.1% | $23,900 | 6.9% | |
| 4Q | $19,634 | $21,802 | 11.0% | $24,282 | 11.4% | |
| Total | $81,854 | $86,478 | 5.6% | $93,275 | 7.9% | |
We believe the fourth quarter of 2025 (4Q25) will end with double-digit growth of 11.4%.
