Global Contract Manufacturing Services Market Growth (Status and Outlook) 2023-2029

Global Contract Manufacturing Services Market Growth (Status and Outlook) 2023-2029

Contract manufacturing refers to a form of cooperation in which a company signs a contract with other manufacturers, and the manufacturer produces products, while the company is responsible for product sales. The contract manufacturing model is conducive to increasing the utilization of existing resources on a larger scale, promoting the refinement of the industrial chain, and conducive to the specialization and scale of the industrial chain.
LPI (LP Information)' newest research report, the “Contract Manufacturing Services Industry Forecast” looks at past sales and reviews total world Contract Manufacturing Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Contract Manufacturing Services sales for 2023 through 2029. With Contract Manufacturing Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Contract Manufacturing Services industry.
This Insight Report provides a comprehensive analysis of the global Contract Manufacturing Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Contract Manufacturing Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Contract Manufacturing Services market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Contract Manufacturing Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Contract Manufacturing Services.
The global Contract Manufacturing Services market size is projected to grow from US$ 147370 million in 2022 to US$ 218820 million in 2029; it is expected to grow at a CAGR of 5.8% from 2023 to 2029.
Many industries use contract manufacturing service, especially the computer, semiconductor, energy, medical, food manufacturing, personal care, packaging and automotive fields.
Based on the application, the Consumer segment accounted for significant market share in 2019. Consumer segment is anticipated to continue to dominate the market during the forecast period. This segment is anticipated to expand at a robust CAGR of 8.93%.
Asia-Pacific held a key market revenue share of the Contract Manufacturing Services market in 2019 which account for 71.17%. This segment is anticipated to expand at a CAGR of 4.67%.
As of 2019, the market for electronic manufacturing services is fragmented with global and domestic players. The main market companies are as follows: Hon Hai/Foxconn, Jabil, Flextronics, Pegatron, New-Kinpo Group, Venture, FIH Mobile, Plexus, Kaifa, Celestica, Sanmina, SIIX, Zollner Elektronik, Universal Scientific Industrial, Benchmark Electronics, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Contract Manufacturing Services market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Electronic Manufacturing
Engineering Services
Test Development & Implementation
Logistics Services
Others
Segmentation by application
Computer
Communications
Consumer
Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hon Hai/Foxconn
Jabil
Flextronics
Pegatron
New-Kinpo Group
Venture
FIH Mobile
Plexus
Kaifa
Celestica
Sanmina
SIIX
Zollner Elektronik
Universal Scientific Industrial
Benchmark Electronics
Creation Technologies LP

Please note: The report will take approximately 2 business days to prepare and deliver.