Connector selection process among the top world suppliers is discussed in this articles written by Ron Bishop and published by TTI Market Eye.
Design engineers and purchasing personnel strive to identify the best connector companies for their design and purchasing requirements. However, identifying the best companies is not an easy task. Answers to the following questions are important:
- Which companies offer the products and services we require? Which companies offer the fastest delivery, most reasonable prices and most exceptional quality?
- Which are the easiest companies to deal with?
- Which companies can we count on when there is a problem?
Criteria for Connector Vendor Selection
The answers to these questions are not easy. It takes hands on experience and time to sort through the hundreds of connector companies in the industry. Only working with companies will provide the answer to, “Which companies do we want to include in our supply chain”?”
It is nearly impossible to vet the nearly 1,500 companies in the connector industry. A process must be put in place to first determine which companies deserve a close examination. A good starting point is to examine the largest companies in sales.
Generally, the larger companies have been successful because they provide good service, have high quality products, offer reasonable prices and are global. In effect, customers have rewarded them for their good performance. We believe identifying the top 10 companies by using different definitions of what constitutes top 10 is the logical starting point for identifying the best connector suppliers.
Specifically, who are the:
- Top 10 in world sales
- Top 10 in each geographic region
- Top 10 by product type manufactured
- Top 10 within each market served
This article will provide you with the names of the Top 10 companies in world sales. Subsequent articles will identify the top 10 companies in each region of the world, the Top 10 in products manufactured and the top 10 in markets served.
The source of this information in found in the Top 100 Connector Manufacturers research report. If you are interested in the companies beyond the top 10 described in this article, please visit the link provided above to order your copy of the 2023 edition.
When we have finished publishing the Top 10 articles, you will learn there are 59 companies that receive a Top 10 ranking in either sales by region, product or market sector. If you wish to see more potential suppliers of connectors, we have developed a website that provides profiles of over 750 connector companies. You may generate lists of connector companies by sales, products manufactured, markets served and country of origin. Go to wccreport.com to view the report.
2022 Top 10 Connector Manufacturers in World Sales
Every year, Bishop & Associates takes a comprehensive look at the connector industry in all its complexity, evaluating the activities of more than750 connector suppliers over both the past year and past decade to gain a broad perspective on the industry and determine the top companies. The world’s top 100 connector manufacturers recorded 2022 shipments of $70.049 billion. This represented 83.3 percent of the worldwide connector market, up from 83.1 percent in 2021. The balance of the connector industry had 2022 shipments of $14.042 billion and represented 14.3 percent of the total market.
Focusing more closely on the top, we find the world’s top 10 connector manufacturers recorded 2022 shipments of $45.142 billion. This was an increase of 8.4 percent from 2021 shipments of $41.654 billion. Four of the top 10 manufacturers were based in North America, three in Japan, one in China, one in Europe and one was Asia Pacific-based.
The following table identifies the top 10 connector manufacturers as defined by global connector sales.
