Crimping is a general term for welding methods that achieve welding by applying mechanical pressure to the joint. And the press fittings are joints that achieve tight connection by applying mechanical pressure. It is widely used in industries such as factory automation (FA), communication, and computer. Compared with surface mount technology (SMT), it has the advantages of low cost, high efficiency, simple operation, and high reliability.

Market Development Status Analysis and Prospect Prediction

In recent years, with the improvement of industrial automation, the demand for press fittings has gradually increased, and the market size has steadily expanded. According to our research data, the estimated revenue scale of the global press fittings market in 2024 is $3372 million, an increase of 4.51% compared to 2023.

In the future, with the recovery of the global economy and the growth of energy demand, the application of press fittings in industries such as factory automation, communication, and computers will be more extensive, and the market prospects will be broad. It is expected that by 2029, the revenue scale of the global press fitting market will increase to $4225 million. The CAGR for 2024-2029 is estimated to be 4.71%.

Segmented Market Analysis

From the perspective of product types, according to the different materials, press fittings can be divided into stainless steel press fittings, carbon steel press fittings, brass and copper alloy press fittings, and other types. Among them, the subdivision type of stainless steel press fittings occupies the highest market share, estimated to be 45.98% in 2024.

From downstream applications, press fittings can be used in various fields such as household, commercial, and industrial applications. Among them, the household sector holds the highest market share in downstream applications, estimated to be 40.37% in 2024.

Source: www.globalmarketmonitor.com

Market Analysis of Major Regions

From a regional perspective, the global press fittings market is mainly concentrated in the three major regions of North America, Europe, and Asia Pacific. The total revenue of the press fittings market in these three major regions accounts for over 90% of the global total revenue. Among them, Europe is the largest revenue market. Data shows that the revenue of the European press fitting market is expected to reach $1549 million in 20243, with an estimated revenue share of 45.94%.

Regions	Market Revenue (Million USD)	Revenue Share
North America	578	17.14%
Europe	1549	45.94%
Asia Pacific	1022	30.31%
South America	122	3.62%
Middle East & Africa	101	3.00%

Source: www.globalmarketmonitor.com