The global Lugs market was valued at 1107.94 Million USD in 2021 and will grow with a CAGR of 1.3% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Lugs are Handles or connectors used for connecting cables to electrical appliances, other cables, surfaces, or mechanisms. One end of a cable lug is typically used for connecting a cable, which could be soldered, welded, or crimped depending on the type. The connection end of the lug is then fastened to a matching terminal or connection point by means of a bolt, screw, or spring clip.The global Lugs production is about 85 K MT, Europe and North America are the two largest production regions, in 2015, Europe is the largest production region, it occupies about 27%, North America is the second largest production region, it occupies about 26% market share; The Lugs industry is very dispersion industry, the largest five manufactures only occupy about 22% market share. The largest consumption regions are Europe and North America, the Europe occupies about 29% market share and the North America occupies about 24% market share in 2015; the consumption regions are relative dispersion; The price of Lugs` price has the down streaming trend and the gross margin also has the similar trend, in 2015, the average price is about 12.41 K USD per MT and the gross margin is about 23.7%; The Electric Water Pumps` production is mainly concentrated in the developed countries; the developing countries` consumption mainly depends on import market; In the future, the technology of Lugs will be more and more mature, and the application regions will expand, it will have larger market share in the different regions. The future price will have great relationship with the power and frequency. China will be a potential market.

By Market Verdors:

ABB

Schneider Electric

3M

molex

PENTAIR

Panduit

Cembre

ILSCO

Burndy

ASK POWER

Klauke

Taixing Longyi

Romac

NSi

Penn-Union

CABAC

NARVA

SJ

By Types:

Fastener Type

Crimping Type

By Applications:

Electrical Industry

Telecommunications

Automotive

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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