Manufacturing Industry
Connector industry to grow slightly.(Connectors)(Industry Overview)
Purchasing, September, 2003
Despite severe price erosion and sluggish demand, the connector industry is projected to grow 7.7% to $24.9 billion in 2003, according to market research firm Bishop & Associates. However, the connector industry is still plagued with excess capacity coupled with a manufacturing migration to China by connector manufacturers.
That has resulted in price erosion in the 6-8% range over the past year and short leadtimes typically less than four weeks. A few connector makers report leadtimes in the six to eight week range. Although connector suppliers say they've faced "desperation pricing" from competitors, prices are starting to stabilize. Many of them have addressed the pricing problem by continuing to move a substantial piece of their manufacturing to...
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