How big is the Contract Manufacturing Market?

The Contract Manufacturing Market size is expected to reach USD 0.68 trillion in 2024 and grow at a CAGR of 8.70% to reach USD 1.10 trillion by 2029. Read More

What is the current Contract Manufacturing Market size?

In 2024, the Contract Manufacturing Market size is expected to reach USD 0.68 trillion. Read More

Who are the key players in Contract Manufacturing Market?

Hon Hai Precision Industry Co., Ltd., Flextronics International, LTD., Jabil Inc., Celestica Inc. and Kinpo Group are the major companies operating in the Contract Manufacturing Market. Read More

Which is the fastest growing region in Contract Manufacturing Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Contract Manufacturing Market?

In 2024, the Asia Pacific accounts for the largest market share in Contract Manufacturing Market. Read More

What years does this Contract Manufacturing Market cover, and what was the market size in 2023?

In 2023, the Contract Manufacturing Market size was estimated at USD 0.62 trillion. The report covers the Contract Manufacturing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Contract Manufacturing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Contract Manufacturing Market Share

Statistics for the 2023 & 2024 Contract Manufacturing market share, created by Mordor Intelligence™ Industry Reports. Contract Manufacturing share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Contract Manufacturing Industry

The contract manufacturing market is fragmented and characterized by numerous players vying for business across diverse industries. Competition is driven by factors such as cost efficiency, technological capabilities, and service offerings. Major players like Hon Hai Precision Co. Ltd (Foxconn), Flextronics International LTD, Jabil Inc., Kinpo Group, etc., leverage advanced technologies and global networks to attract clients. At the same time, smaller, specialized firms focus on niche markets or tailored solutions. Price competition is intense, with companies continually optimizing processes to reduce costs. Additionally, firms compete on factors like quality, speed, and compliance with regulatory standards.

• July 2024: Cosmos Health Inc., a globally integrated healthcare group, will be involved in innovative R&D, own proprietary pharmaceutical and nutraceutical brands, manufacture and distribute healthcare products, and operate a telehealth platform. The company announced that its wholly-owned subsidiary, Cana Laboratories, has entered into additional contract manufacturing agreements with Provident Pharmaceuticals. Established in 2012, Provident is a specialty pharmaceutical company focusing on commercializing and marketing niche and legacy pharmaceutical products, along with medical devices targeting specific therapeutic areas.

• January 2024: Hon Hai Precision Co. Ltd (Foxconn) launched a new electric vehicle company in Zhengzhou, the capital of China's Henan province and the site of the world's largest Apple iPhone manufacturing plant. This move comes as the Taiwanese electronics contract manufacturer intensifies its EV initiatives in response to a worldwide downturn in smartphone manufacturing contracts. The newly established entity, Foxconn New Energy Automobile Industry Development (Henan), was officially registered on January 4, boasting a capital of USD 70.4 million, as per Chinese public records.