Global Contract Manufacturing Services Market Insights and Forecast to 2028

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.
Market Analysis and Insights: Global Contract Manufacturing Services Market
The global Contract Manufacturing Services market size is projected to reach US$ 221600 million by 2028, from US$ 150650 million in 2021, at a CAGR of 5.6% during 2022-2028.
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.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Contract Manufacturing Services market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Contract Manufacturing Services market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Contract Manufacturing Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Contract Manufacturing Services market.
Global Contract Manufacturing Services Scope and Market Size
Contract Manufacturing Services market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Contract Manufacturing Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Electronic Manufacturing
Engineering Services
Test Development & Implementation
Logistics Services
Others
Segment by Application
Computer
Communications
Consumer
Industrial
Others
By Company
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
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA