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.
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.
- 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
Contract manufacturing comes about via a contract between two firms; one firm develops and manufactures products under the label or brand of another firm. Contract manufacturers offer design, manufacturing, part/component assembly and logistics services to various companies built on the brand company’s methodology or customer design, formulas or specifications. Contract manufacturers provide customized services per the need of the customer. Contract manufacturers manufacture labeled products for government and private companies, pharmaceutical companies and OEMs. Companies prefer contract manufacturing for various reasons based on economic conditions and investment
capabilities of the hiring company. Companies hire contract manufacturers to reduce capital investment and increase flexibility. Companies often turn to contract manufacturing to improve the quality of the product and to increase production capacity.
Rising government contracts are driving the market for contract manufacturing across the globe. The governments of different countries get support from contract manufacturers via the design innovative products, the redesign of existing products and the reduction of overall manufacturing costs. For instance, U.S. defense contractors are not able to handle too many orders in-house. So, they hire contract manufacturers for electronics services such as mechanical and electrical assemblies, power systems and electronic circuit card assembly. The increasing demand for a quality product without investing in expensive machinery and a workforce are major factors contributing to the growth of the
global contract manufacturing market. Based on these factors, the market for contract manufacturing is estimated to grow at a CAGR of REDACTED during the forecast period (2018-2023). The market was valued at REDACTED in 2017 and estimated to reach REDACTED in 2023.
Increasing use of contract manufacturers by companies will increase dependability on third parties to improve cost position, achieve strong supply chain performance and enhance innovations. Selection and management of contract manufacturers is important for companies. Managing supplier relationships and creating a suitable business model to manage contract manufacturing reduces the risks associated with contract manufacturing. Risks of contract manufacturing include loss of control, quality concern and loss of sensitive commercial or technical information. Companies managing contract manufacturers effectively and efficiently can maintain strong performance in supply chains and reduce the risks associated with contract manufacturing.
Contract manufacturing services are used by several industries: consumer electronics, semiconductor, aerospace and defense, energy, healthcare and life science, food manufacturing, personal care, packaging and automotive industries. In the electronics industry, the Electronic Manufacturing Service (EMS) provider offers various electronic services on a contract basis. EMS provides design, testing, manufacturing and distribution of electronic components and assemblies for OEMs. Further, contract manufacturing services are widespread: from printed circuit board design to satellite instrumentation. An OEM can outsource particular products and can offer supplementary services to various subcontractors, improving logistics or distribution.
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Description of Market Trends
Automotive Contract Manufacturing
Chapter 4 Market Breakdown by Technology Type
Aerospace and Defense
Laptops, Computers and IT Components
Healthcare and Life Science
Food Processing and Manufacturing
Chapter 5 Market Breakdown by Region
Rest of Europe
The Middle East and Africa
Rest of APAC
Chapter 6 Analysis of Market Opportunities
Key Suppliers and Manufacturers
Top EMS Providers
Hon Hai Precision Industry (Foxconn)
Flextronics International Ltd.
Top Pharmaceutical/Medical Contract Manufacturers
Top Aerospace and Defense Contract Manufacturing Services Providers
General Dynamic Corp.
Chapter 7 Company Profiles
ADVANCED CIRCUIT TECHNOLOGY INC.
ADVANCED ELECTRONICS MANUFACTURING (AEM)
AESICA PHARMACEUTICALS LTD.
AJINOMOTO ALTHEA INC.
BDR PHARMACEUTICALS INTERNATIONALS PVT., LTD.
BENCHMARK ELECTRONICS INC.
BEYONICS PTE LTD.
BOEHRINGER INGELHEIM INTERNATIONAL GMBH
CHIP STAR TECHNOLOGY LLC
COFIDUR EMS SA
COGHLIN COMPANIES INC.
CONFAB LABORATORIES INC.
CORDEN PHARMA INTERNATIONAL GMBH
CREATION TECHNOLOGIES LP
DAITO PHARMACEUTICAL CO., LTD.
DIVIS LABORATORIES LTD.
DOUGLAS MANUFACTURING LTD.
DPT LABORATORIES INC.
DR. REDDY'S LABORATORIES LTD.
DRAVON MEDICAL INC.
EAST WEST MANUFACTURING LLC
EI MICROCIRCUITS INC.
ELITE ELECTRONIC SYSTEMS
ESTEVE QUÍMICA S.A.
EVER NEURO PHARMA GMBH
EVONIK INDUSTRIES AG
EXPRESS MANUFACTURING INC.
FINECURE PHARMACEUTICALS LTD.
FIRST ELECTRONICS INC.
FLEXTRONICS INTERNATIONAL LTD.
FOXCONN TECHNOLOGY GROUP
GLOBAL EQUIPMENT SERVICES AND MANUFACTURING INC.
GRACURE PHARMACEUTICALS LTD.
HINDUSTAN AERONAUTICS LTD.
HANA MICROELECTRONICS PUBLIC CO., LTD.
HISUN PHARMACEUTICAL CO., LTD.
INTEGRATED MICRO-ELECTRONICS INC.
JUBILANT LIFE SCIENCES LTD.
KIMBALL ELECTRONICS INC.
KORTEN PHARMACEUTICALS PVT., LTD.
LEE BIOSOLUTIONS INC.
LIBRA INDUSTRIES INC.
LOGICAN TECHNOLOGIES INC.
LONZA GROUP LTD.
MACK TECHNOLOGIES INC.
MANUFACTURED ASSEMBLIES CORP.
MCGUFF PHARMACEUTICALS INC.
MTI ELECTRONICS INC.
NATEL ENGINEERING CO., INC.
NEEDLETECH PRODUCTS INC.
NEXTPHASE MEDICAL DEVICES LLC
NIKOL FORMULATION PVT., LTD.
NISSHA CO., LTD.
NORTECH SYSTEMS INC.
ONYX SCIENTIFIC LTD.
ORIENT SEMICONDUCTOR ELECTRONICS LTD.
PEKO PRECISION PRODUCTS INC.
PHARMASYNTH FORMULATIONS LTD.
PHOENIX DEVENTURES INC.
PIRAMAL PHARMA SOLUTIONS
RIVERSIDE ELECTRONICS LTD.
SAIN MEDICAMENTS PVT., LTD.
SCHNEIDER ELECTRIC PRESIDENT SYSTEMS LTD.
SHANDONG XINHUA PHARMACEUTICAL CO., LTD.
SMS ELECTRONICS LTD.
SONIC MANUFACTURING TECH
SYPRIS ELECTRONICS LLC
TEVA PHARMACEUTICAL INDUSTRIES LTD. (TEVA API)
VETTER PHARMA INTERNATIONAL GMBH
VTECH HOLDINGS LTD.
WEST PHARMACEUTICAL SERVICES INC.
YASH PHARMA LABORATORIES PVT., LTD.
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