According to Bishop & Associates, over the past decade, the world industrial production has grown quite strongly. Despite the dramatic collapse in 2008-2009, we've seen exceptional recovery in 2010.
Obviously, this is such high-level data that it is not very useful when we want to study niche markets for niche applications in the industrial market for connectors.
It provides a general trend and each niche has to be researched individually in order to draw conclusions about its attractiveness. Additionally, this data is not very useful if we want to know what the future brings, or even what we can expect in the next five years.
For this we need to look at the global economic growth prospects, including the above-mentioned growth prospects for each niche within the large and diversified industrial market.
This data at least shows again a surprise as I did expect to see other manufacturers in there. A great example of how to not assume you know your market until you have seen the true figures.
Visit the Bishop & Assocviates website >>
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