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.
This report contains market size and forecasts of Lugs in global, including the following market information:
Global Lugs Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Lugs Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Lugs companies in 2021 (%)
The global Lugs market was valued at 1199.8 million in 2021 and is projected to reach US$ 1316.9 million by 2028, at a CAGR of 1.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Fastener Type Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Lugs include ABB, Schneider Electric, 3M, molex, PENTAIR, Panduit, Cembre, ILSCO and Burndy, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Lugs manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Lugs Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Lugs Market Segment Percentages, by Type, 2021 (%)
Fastener Type
Crimping Type
Other
Global Lugs Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Lugs Market Segment Percentages, by Application, 2021 (%)
Electrical Industrial
Telecommunications
Automotive
Other
Global Lugs Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Lugs Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Lugs revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Lugs revenues share in global market, 2021 (%)
Key companies Lugs sales in global market, 2017-2022 (Estimated), (MT)
Key companies Lugs sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Schneider Electric
3M
molex
PENTAIR
Panduit
Cembre
ILSCO
Burndy
ASK POWER
Klauke
Taixing Longyi
Romac
NSi
Penn-Union
CABAC
NARVA
SJ