In its Q1 report for 2024, ITSA members have seen a 10% overall growth in orders, with some segments outperforming expectations.
Key Stats: –
• Revenues are flat versus the exit of 2023, but continue to hold up.
• Circular connectors (both MIL and Commercial) saw orders up 30% in Q1.
• Some key markets showing significant growth, with Broadcast +70%, Data Centre +31% and Mass Transport +11%
• The UK connector market continues to perform well, and this is supported by both the Manufacturing PMI and Make UK data.
Although 2024 has seen a good start for ITSA members, ITSA estimates that the UK connector market will likely only see low single-figure growth over the full year.
Nevertheless, ITSA members remain positive about the longer-term future.
Download a full copy of the ITSA Report