ITSA releases its latest UK connector market report

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ITSA Report Q1 2024

Members report sales have started flat over 2024 however orders have bounced back by 10% which is a significant improvement on the exit of 2023. BtoB is flat at 1.00:1.

Headline statistics: –

  • Revenues are flat versus the exit of 2023 but continue to hold up.
  • 2024 orders have made a significant bounce back over the close of 2024 and BtoB is holding at 1.00:1.
  • The UK connector market continues to perform well, and this supported by both the UK Manufacturing PMI and the Make UK Data.
  • The start of 2024 has been excellent in a number of our key markets with growth in Data Centre +31%, Broadcast +70%, Mass Transport +11%, Industrial +5% and Mil/Aero Flat
  • Members Distribution sales were flat, but this area has continued to perform solidly over the past 12 months.
  • ITSA estimates that the UK connector market in 2024 to be either flat or minimal growth.
  • ITSA members, and contributors to other significant reports remain incredibly positive about the longer-term future.

 

RAYFAST become the latest associate member of ITSA

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ITSA are proud to announce the appointment of Rayfast as their latest associate members.

Commenting on this development Rayfast said “We are proud to become associate members of the Interconnect Technology Suppliers Association and look forward to collaborating with other members and industry to ensure we provide the best product solution to our customers”.

John Biggs, ITSA Chairman commented, “We are delighted to welcome Rayfast as our latest Associate member of ITSA. Rayfast brings a wealth of experience in the interconnect industry to our member portfolio, and we look forward to their collaboration with our members.”

Rayfast provides specialised Electrical Interconnect products and solutions to the global Defence, Civil Aviation, Medical, Space, Motorsport, Rail, and Industrial markets.

In addition to a standard stock profile available for same day shipment, Rayfast also provide bespoke stocking packages tailored to meet specific market and individual customer requirements.

The product portfolio includes High Performance Lightweight Wire & Cable, Connectors, Identification & Protection products, Earth bonding leads & Metal braided products.

Rayfast is part of the Interconnect Solutions Group; an international group of companies operating in 7 locations around the world providing technical solutions and specialised products to the aerospace, defence, industrial and energy industries. Operating directly to market through facilities in the UK, USA, France, and Germany.

The Interconnect Solutions Group is proudly part of Diploma PLC, a FTSE 100 company, who are headquartered in London UK trading on the London stock exchange.

http://www.rayfast.com