Contract Manufacturing Services Market 2023 Size, Current Insights and Development Trends, Top Key Players, SWOT Analysis and Forecast to 2030
Contract Manufacturing Services Market
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.This report focuses on global and United States Contract Manufacturing Services market, also covers the segmentation data of other regions in regional level and county level.Due to the COVID-19 pandemic, the global Contract Manufacturing Services market size is estimated to be worth USD 159800 million in 2022 and is forecast to a readjusted size of USD 221600 million by 2028 with a CAGR of 5.6% during the review period. 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.Contract Manufacturing Services market is segmented by region (country), players, 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.
Major players covered in Contract Manufacturing Services Market are:
- 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
Market Segment by Type:
- Electronic Manufacturing
- Engineering Services
- Test Development & Implementation
- Logistics Services
- Others
Market Segment by Application:
- Computer
- Communications
- Consumer
- Industrial
- Others
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