Crimp Terminal Market Trends and Insights: Size and Growth
Introduction
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The crimp terminal market was valued at approximately USD 1.5 billion in 2023 and is projected to reach USD 2.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.4%. Crimp terminals are key for ensuring superior mechanical and electrical performance, especially in applications like vehicles and aircraft. The increased adoption of electric vehicles (EVs) and innovations in aerospace technologies are driving demand for these terminals.
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