Report Highlights
The global market for contract manufacturing should grow from $2.0 trillion in 2018 to $2.7 trillion in 2023 with a compound annual growth rate (CAGR) of 6.6% from 2018 through 2023.
Report Includes
- 26 data tables and 32 additional tables
- An overview of the global contract manufacturing market
- Analyses of global market trends with data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Discussion of underlying technologies and factors influencing the demand, including current trends, stringent government regulations, technological achievements and other macroeconomic factors
- Identification of the companies that are best positioned to meet this demand because of their proprietary technologies, strategic alliances or other advantages
- A relevant patent analysis
- Competitive landscape covering major manufacturers and suppliers of contract manufacturing equipment. Major companies including Catalent Inc., Foxconn Technology Group, Flextronics International Ltd., Jabil Inc., Patheon N.V., and Zober Industries
Report Scope
Globally, contract manufacturing is expected to grow at a CAGR of over 6.6% during the forecast period. The contract manufacturing market is segmented based on verticals that have a noteworthy contribution to market growth. Some verticals included in the market analysis are consumer electronics, aerospace and defense, energy, food processing and manufacturing, personal care, healthcare and life sciences, packaging, automotive and furniture. The consumer electronics vertical further renders information about electronic equipment used in home appliances, Smartphones, IT components, laptops and computers and accessories. The aerospace and defense sector provides contract manufacturing services for engines, airframes, fabrication, parts of satellites, assembly of components and space electronics. The report includes information about the energy sector for solar energy, wind energy and hydropower. The report provides supply chain analysis of original equipment manufacturers (OEMs), sub-contract manufacturers, raw material suppliers and product design and engineering firms, among others.
The major geographic regions covered in the report are North America (the U.S. and Canada,), Europe (U.K., Italy, France, Germany and Spain), Asia-Pacific (China, Japan and India) and the rest of the world (RoW) (Latin America, the Middle East and Africa). Estimated values are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars (USD), unadjusted for inflation. The study covers the global market for contract manufacturing. The selection of countries included in this report was mainly based on the total revenue generated. Major countries included in the report are the U.S., Canada, Germany, the U.K., Spain, Italy, France, China, Japan and India.
The competitive landscape of the global market for contract manufacturing is discussed at length. Major companies involved in contract manufacturing are profiled in the report, with a description of product portfolios and recent developments. All categories are discussed in detail, describing each segment, measuring market size, identifying market drivers, forecasting for 2018-2023 and assessing competitors and competitor market shares.
Analyst Credentials
Anand Bhandari is a market research analyst and graduate in marketing management with more than five years of experience in the market research Industry. Anand has strong knowledge and expertise in the healthcare, ICT and pharmaceutical markets. He conducted extensive research for varied domains and is proficient in market estimation and data validation. He also has experience leading teams and training subordinates in his previous organization.
Related Reports
Global Market Opportunities and Competitive Landscape for CDMO
The global CDMO market was valued at $128.0 billion in 2023. This market is expected to grow from $136.6 billion in 2024 to $191.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2029.
Electronics Contract Manufacturing and Design Services: The Global Market
The global market for electronics contract manufacturing and design services is estimated to increase from $546.4 billion in 2023 to reach $847.2 billion by 2028, at a compound annual growth rate (CAGR) of 9.2% from 2023 through 2028.
Global Markets and Technologies for Inorganic Metal Finishing Processes
The global market for inorganic metal finishing technologies is estimated to increase from $93.3 billion in 2022 to reach $119.9 billion by 2027, at a compound annual growth rate (CAGR) of 5.1% from 2022 through 2027.
Additive Manufacturing in Powder Metallurgy: Global Markets
The global market for additive manufacturing in powder metallurgy should reach $411.9 million by the end of year 2022 and should reach more than $1.1 billion by year 2027, with a compound annual growth rate (CAGR) of 22.6% during the forecast period of 2022-2027.
Recent Reports
Water Heater: Global Markets
The global market for water heaters is estimated to increase from $23.7 billion in 2023 to reach $32.1 billion by 2029, at a compound annual growth rate (CAGR) of 5.2% from 2024 through 2029.
Global Markets for 3D Printing
The global market for 3D printing is expected to grow from $18.0 billion in 2024 and is projected to reach $29.4 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.2% during the forecast period of 2024 to 2029.
Global Flame and Smoke Detectors Markets
The global market for flame and smoke detectors is estimated to increase from $6.3 billion in 2023 to reach $9.0 billion by 2029, at a compound annual growth rate (CAGR) of 6.4% from 2024 through 2029.
Semiconductor Machinery Manufacturing: Global Markets
The global market for semiconductor machinery manufacturing is expected to grow from $121.5 billion in 2024 and is projected to reach $223.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 13.0% during the forecast period of 2024 to 2029.
Nondestructive Testing Equipment and Services: Ultrasonic, Radiographic, Eddy Current and Others
The global market for NDT equipment and services is estimated to increase from $31.3 billion in 2023 to reach $50.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.1% from 2023 through 2028.
Top Trending Reports
Single-use Technologies for Biopharmaceuticals: Global Markets
The global market for single-use technologies for biopharmaceuticals is expected to grow from $6.5 billion in 2024 and is projected to reach $11.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for Cell and Gene Therapy (CGT) Tools and Reagents is estimated to increase from $10.0 billion in 2024 to reach $16.7 billion by 2029, at a compound annual growth rate (CAGR) of 10.8% from 2024 through 2029.
Medical Devices Industry: Competitive Landscape
The global market for medical devices is estimated to increase from 810.4 billion in 2024 to reach $1.3 trillion by 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
Global Market Opportunities and Competitive Landscape for CDMO
The global CDMO market was valued at $128.0 billion in 2023. This market is expected to grow from $136.6 billion in 2024 to $191.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2029.
Chronic Disease Management: Therapeutics, Device Technologies and Global Markets
The global market for chronic disease management therapeutics and device technologies was valued at $675.0 billion in 2023. It is projected to grow from $726.3 billion in 2024 to $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 8.1% from 2024 through 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More