Crimp Terminal Market Forecast: Share, Growth, and Trends
Introduction
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The global market for crimp terminals was valued at approximately USD 1.5 billion in 2023 and is projected to reach USD 2.4 billion by 2032. This growth reflects a compound annual growth rate (CAGR) of 5.4% during the forecast period. Crimp terminals provide superior mechanical and electrical performance, which is crucial for applications in modern vehicles and aircraft.
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