Global Contract Manufacturing Market Size, Trends, Analysis & Forecast 2019-2028
$2,800.00 – $5,440.00
Reduced operational cost and better productivity is propelling the demand for CMOs
Contract manufacturing is a form of outsourcing and is generally referred to as a contract between two firms in which one firm develops/manufactures products under the label or brand of another firm. Contract manufacturers offer such services to various firms built on their own methodology or the customers’ designs, formulas, and/or specifications. Contract manufacturers provide highly valuable services to expanding industries such as pharmaceutical, automobile, consumer electronics, chemical, packaging, and others.
Globally, organizations from various sectors have preferred contract manufacturing for various factors based on the economic condition and their investment capability. Moreover, factors such as reduced operational cost and time, flexibility in operation, improved resource allocation, and increased efficiency are some of the pivotal growth factors for the contract manufacturing market. Further, faster production rate and turnaround, better quality control, and scalability provided by the contract manufacturing organizations are also augmenting the global market growth. The global contract manufacturing market is expected to grow at a CAGR of more than 5.5% during the forecast period.
Contract Pharmaceutical Manufacturing is gaining traction
The pharmaceutical industry is one of the leading industries that is adopting contract manufacturing services in its regular practices. Increasing demand for pharmaceutical products for the treatment of various diseases has augmented the soaring demand for outsourcing manufacturing services. Pharmaceutical contract manufacturing is growing rapidly due to the increasing demand for generic medicines and biologics, the capital-intensive nature of the business, and complex manufacturing requirements.
Explore a related market study on the Global Biologics Outsourcing Market
Various pharmaceutical contract manufacturers are expected to provide services and support in the drug development process in the near future, which is also acting as a growth factor for the market. Active Pharmaceutical Ingredient (API) manufacturing service in the pharmaceuticals sector is a widely adopted service in the contract manufacturing market.
Further, contract manufacturing services in the electronics industry are widespread, from printed circuit board design to satellite instrumentation, and are commonly outsourced by the OEM. An OEM can choose to outsource the particular product and can also offer supplementary services to various subcontractors, which can improve logistics or distribution. Moreover, the contract manufacturing process has been widely used in the automotive industry. For instance, Mercedes appointed AM General as a contract manufacturer to produce 12,000 of their R-class vehicles intended to export to China. Mercedes would manage the logistics and supply chain, and all parts of the R-class vehicles would be assembled and painted on AM General’s production line in Mishawaka, Indiana.
North America leads the global market
North America is expected to dominate the contract manufacturing market owing to improved reimbursement policy, well-developed technology, high healthcare expenditure, and the presence of the leading market players. Further, there are large market players that are providing healthcare and life science contract manufacturing services in the North American region. Europe is anticipated to hold the second position in the global contract manufacturing market due to the support provided by the government bodies for research & development in the pharmaceutical industry drives the market in the European region.
The Asia Pacific region is projected to be the fastest-growing region over the forecast period. Rapidly improving technology and the presence of emerging countries such as India are expected to drive market growth in the Asia Pacific region. Additionally, the Middle East and Africa hold a considerable share in the market owing to the presence of meager and slow developing economies, especially in the African region.
Market Structure and Competition Landscape
The global contract manufacturing market is fragmented in nature and consists of several players operating in the market. Some of the prominent players that contribute significantly to the market growth include Patheon (Thermo Fisher Scientific Inc.), Lonza Group, Boehringer Ingelheim International GmbH, Almac Group, Dr. Reddy Laboratories Ltd., Faurecia SA, Hyundai Dymos, Lear Corp., Magna International Inc., NHK Springs Co., Ltd., Britech Industries, Hankscraft Inc., Maysteel Industries LLC., Talan Products Inc., GSH Industries Inc., Hon Hai Precision Industry Co., Ltd. (Foxconn), Pegatron Corp., Jabil Inc., Flex Ltd., Wistron Corp., Hearthside Food Solutions Inc., Gehl Foods LLC, Agilery AG, Valk Industries Inc., and Warren Industries Inc. among others.
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global contract manufacturing market include,
- In November 2020, Laurus Labs Ltd. acquired Bangalore-based biotech company Richcore Lifesciences. Laurus Labs has signed a definitive agreement to acquire 72.55% of Richcore’s shares from its private equity investors Eight Roads Ventures and VenturEast and other promoters. This acquisition aimed to diversify into the manufacturing of biotech drugs. Richcore has advanced R&D and manufacturing facilities and focuses on developing and manufacturing biotech products critical for manufacturing biological drugs. Richcore also offers support to develop and scale up bioprocesses by providing contract research, development, and manufacturing services (CDMO).
- In February 2021, Foxconn Technology Group reached a tentative agreement with Fisker Inc., an electric vehicle (EV) startup-turned-SPAC to manufacture EVs primarily to be sold in North America, Europe, China, and India. Under the agreement, Foxconn will begin production of EVs in 2023 with a projected annual volume of over 250,000 vehicles under the Fisker brand name.
Key Market Segmentation
RationalStat has segmented the global contract manufacturing market on the basis of industry, and region.
- By Industry
- Pharmaceutical
- Automobile
- Food & Beverages
- Chemical
- Construction
- Packaging
- Consumer Electronics
- Others (Aerospace & Defense, etc.)
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecast, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, industry-specific associations, and company documents
- Industry and market-related documents available in the public domain
- Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for contract manufacturing service providers, original equipment manufacturers (OEMs), investment firms, government organizations, manufacturing firms, healthcare facilities, educational organizations, regulatory agencies, research organizations, and market research firms, among others. The report provides an in-depth analysis of market size, consumption pattern, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The global Contract Manufacturing market is expected to grow at a CAGR of over 5.5% during the forecast period 2022-2028.
North America is dominating the global Contract Manufacturing market in 2021.
The global Contract Manufacturing market is estimated at around US$ 208 billion in 2021.
Flexibility in operations and reducing operational costs are the key drivers in the global Contract Manufacturing market.
Major companies operating in the global Contract Manufacturing market include Patheon (Thermo Fisher Scientific Inc.), Lonza Group, Boehringer Ingelheim International GmbH, Almac Group, Dr. Reddy Laboratories Ltd., Faurecia SA, Hyundai Dymos, Lear Corp., Magna International Inc, etc.
| REGION | Global |
|---|---|
| RELEASE YEAR | 2022 |
| RESEARCH CODE | RST-SAR-005 |
| ADDITIONAL FEATURE | 24×7 Post sales support and 15% free customization |
| User License | Single User/Team License, Corporate License |
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, public and private expenditure, and economic conditions, among others
6.3. Global Manufacturing Sector: Supply Chain & Value Chain Analysis
6.3.1. Original Equipment Manufacturer (OEM)
6.3.2. Product Design and Engineering firms
6.3.3. Contract Manufacturers
6.3.4. Sub-Contract Manufacturers
6.3.5. Raw Material Suppliers
6.3.6. Inventory Management
6.3.7. Machine Installation, Training, Maintenance, and Inspection Service Providers
6.3.8. Marketing and Distribution
6.4. PESTLE Analysis
6.5. Porter’s Five Forces Analysis
7. Rules & Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Opportunity Matrix by Major Industries
9.1. Pharmaceutical
9.2. Automobile
9.3. Food & Beverages
9.4. Chemical
9.5. Construction
9.6. Consumer Electronics
9.7. Others (Packaging, Aerospace & Defense, etc.)
10. Global Contract Manufacturing Market: Key Investment Analysis
10.1.By Industries
10.1.1. Pharmaceutical
10.1.2. Automobile
10.1.3. Food & Beverages
10.1.4. Chemical
10.1.5. Construction
10.1.6. Consumer Electronics
10.1.7. Others (Packaging, Aerospace & Defense, etc.)
10.2.M&A Activities
11. Segmental Analysis
11.1.Global Contract Manufacturing Market by Industry
11.1.1. Segment Overview
11.1.1.1. Pharmaceutical
11.1.1.2. Automobile
11.1.1.3. Food & Beverages
11.1.1.4. Chemical
11.1.1.5. Construction
11.1.1.6. Packaging
11.1.1.7. Consumer Electronics
11.1.1.8. Others (Aerospace & Defense, etc.)
11.2.Global Contract Manufacturing Market by Region
11.2.1. North America
11.2.2. Latin America
11.2.3. Western Europe
11.2.4. Eastern Europe
11.2.5. Asia Pacific
11.2.6. Middle East & Africa
12. Regional Analysis
12.1.North America Contract Manufacturing Market Analysis and Forecast 2019-2028
12.1.1. Regional Market Overview and Key Takeaways
12.1.2. North America Contract Manufacturing Market by Industry
12.1.3. North America Contract Manufacturing Market by Country
12.1.3.1. US
12.2.Latin America Contract Manufacturing Market Analysis and Forecast 2019-2028
12.2.1. Regional Market Overview and Key Takeaways
12.2.2. Latin America Contract Manufacturing Market by Industry
12.2.3. Latin America Contract Manufacturing Market by Country
12.2.3.1. Brazil
12.2.3.2. Mexico
12.2.3.3. Rest of Latin America
12.3.Western Europe Contract Manufacturing Market Analysis and Forecast 2019-2028
12.3.1. Regional Market Overview and Key Takeaways
12.3.2. Western Europe Contract Manufacturing Market by Industry
12.3.3. Western Europe Contract Manufacturing Market by Country
12.3.3.1. Germany
12.3.3.2. UK
12.3.3.3. France
12.3.3.4. Spain
12.3.3.5. Italy
12.3.3.6. Benelux
12.3.3.7. Nordic
12.3.3.8. Rest of Western Europe
12.4.Eastern Europe Contract Manufacturing Market Analysis and Forecast 2019-2028
12.4.1. Regional Market Overview and Key Takeaways
12.4.2. Eastern Europe Contract Manufacturing Market by Industry
12.4.3. Eastern Europe Contract Manufacturing Market by Country
12.4.3.1. Russia
12.4.3.2. Poland
12.4.3.3. Rest of Eastern Europe
12.5.Asia Pacific Contract Manufacturing Market Analysis and Forecast 2019-2028
12.5.1. Regional Market Overview and Key Takeaways
12.5.2. Asia Pacific Contract Manufacturing Market by Industry
12.5.3. Asia Pacific Contract Manufacturing Market by Country
12.5.3.1. China
12.5.3.2. Japan
12.5.3.3. India
12.5.3.4. South Korea
12.5.3.5. Australia
12.5.3.6. ASEAN
12.5.3.7. Rest of Asia-Pacific
12.6.Middle East & Africa Contract Manufacturing Market Analysis and Forecast 2019-2028
12.6.1. Regional Market Overview and Key Takeaways
12.6.2. Middle East & Africa Contract Manufacturing Market by Industry
12.6.3. Middle East & Africa Contract Manufacturing Market by Country
12.6.3.1. GCC
12.6.3.2. South Africa
12.6.3.3. Turkey
12.6.3.4. Rest of the Middle East & Africa
13. Competitive Landscape
An exhaustive analysis of this chapter will be done based on major industries covered in the report
13.1.Competition Dashboard
13.1.1. Global and Regional Market Share Analysis by Industries
13.1.2. Market Structure by Industries
13.2.Competitive Benchmarking by Industries
13.3.Key Strategy Analysis
13.4.Key Company Profiles
13.4.1. Patheon (Thermo Fisher Scientific Inc.)
13.4.1.1. Company Overview
13.4.1.2. Product/Service Offerings
13.4.1.3. Key Financials
13.4.1.4. Recent Developments
13.4.2. Lonza Group
13.4.2.1. Company Overview
13.4.2.2. Product/Service Offerings
13.4.2.3. Financials
13.4.2.4. Recent Developments
13.4.3. Boehringer Ingelheim International GmbH
13.4.3.1. Company Overview
13.4.3.2. Product/Service Offerings
13.4.3.3. Financials
13.4.3.4. Recent Developments
13.4.4. Almac Group
13.4.4.1. Company Overview
13.4.4.2. Product/Service Offerings
13.4.4.3. Financials
13.4.4.4. Recent Developments
13.4.5. Dr. Reddy Laboratories Ltd.
13.4.5.1. Company Overview
13.4.5.2. Product/Service Offerings
13.4.5.3. Financials
13.4.5.4. Recent Developments
13.4.6. Faurecia SA
13.4.6.1. Company Overview
13.4.6.2. Product/Service Offerings
13.4.6.3. Financials
13.4.6.4. Recent Developments
13.4.7. Hyundai Dymos
13.4.7.1. Company Overview
13.4.7.2. Product/Service Offerings
13.4.7.3. Financials
13.4.7.4. Recent Developments
13.4.8. Lear Corp.
13.4.8.1. Company Overview
13.4.8.2. Product/Service Offerings
13.4.8.3. Financials
13.4.8.4. Recent Developments
13.4.9. Magna International Inc.
13.4.9.1. Company Overview
13.4.9.2. Product/Service Offerings
13.4.9.3. Financials
13.4.9.4. Recent Developments
13.4.10. NHK Spring Co., Ltd.
13.4.10.1. Company Overview
13.4.10.2. Product/Service Offerings
13.4.10.3. Financials
13.4.10.4. Recent Developments
13.4.11. Britech Industries
13.4.11.1. Company Overview
13.4.11.2. Product/Service Offerings
13.4.11.3. Financials
13.4.11.4. Recent Developments
13.4.12. Hankscraft Inc.
13.4.12.1. Company Overview
13.4.12.2. Product/Service Offerings
13.4.12.3. Financials
13.4.12.4. Recent Developments
13.4.13. Maysteel Industries, LLC
13.4.13.1. Company Overview
13.4.13.2. Product/Service Offerings
13.4.13.3. Financials
13.4.13.4. Recent Developments
13.4.14. Talan Products Inc.
13.4.14.1. Company Overview
13.4.14.2. Product/Service Offerings
13.4.14.3. Financials
13.4.14.4. Recent Developments
13.4.15. GSH Industries Inc.
13.4.15.1. Company Overview
13.4.15.2. Product/Service Offerings
13.4.15.3. Financials
13.4.15.4. Recent Developments
13.4.16. Hon Hai Precision Industry Co., Ltd. (Foxconn)
13.4.16.1. Company Overview
13.4.16.2. Product/Service Offerings
13.4.16.3. Financials
13.4.16.4. Recent Developments
13.4.17. Pegatron Corp.
13.4.17.1. Company Overview
13.4.17.2. Product/Service Offerings
13.4.17.3. Financials
13.4.17.4. Recent Developments
13.4.18. Jabil Inc.
13.4.18.1. Company Overview
13.4.18.2. Product/Service Offerings
13.4.18.3. Financials
13.4.18.4. Recent Developments
13.4.19. Flex Ltd.
13.4.19.1. Company Overview
13.4.19.2. Product/Service Offerings
13.4.19.3. Financials
13.4.19.4. Recent Developments
13.4.20. Wistron Corp.
13.4.20.1. Company Overview
13.4.20.2. Product/Service Offerings
13.4.20.3. Financials
13.4.20.4. Recent Developments
13.4.21. Hearthside Food Solutions Inc.
13.4.21.1. Company Overview
13.4.21.2. Product/Service Offerings
13.4.21.3. Financials
13.4.21.4. Recent Developments
13.4.22. Gehl Foods, LLC
13.4.22.1. Company Overview
13.4.22.2. Product/Service Offerings
13.4.22.3. Financials
13.4.22.4. Recent Developments
13.4.23. Agilery AG
13.4.23.1. Company Overview
13.4.23.2. Product/Service Offerings
13.4.23.3. Financials
13.4.23.4. Recent Developments
13.4.24. Valk Industries, Inc.
13.4.24.1. Company Overview
13.4.24.2. Product/Service Offerings
13.4.24.3. Financials
13.4.24.4. Recent Developments
13.4.25. Warren Industries, Inc.
13.4.25.1. Company Overview
13.4.25.2. Product/Service Offerings
13.4.25.3. Financials
13.4.25.4. Recent Developments
**The list is not exhaustive and contains more than 500 companies categorized into Industries
14. Disclaimer
List of Figures/Tables
List of Figures
Figure 01: Global Contract Manufacturing Market Value Analysis (US$ Mn), 2019-2021
Figure 02: Global Contract Manufacturing Market Size (US$ Mn) & Y-o-Y Growth (%) Analysis, 2022–2028
Figure 03: Global Contract Manufacturing Market Size and Market Share Analysis (%) by Industry, 2022 & 2028
Figure 04: Global Contract Manufacturing Market Y-o-Y Analysis (%) by Industry, 2022-2028
Figure 05: Global Contract Manufacturing Market Size and Market Share Analysis (%) by Region, 2022 & 2028
Figure 06: Global Contract Manufacturing Market Y-o-Y Growth (%) by Region, 2022–2028
Figure 07: North America Contract Manufacturing Market Size and Market Share Analysis (%) by Industry, 2022 & 2028
Figure 08: North America Contract Manufacturing Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 09: Latin America Contract Manufacturing Market Size and Market Share Analysis (%) by Industry, 2022 & 2028
Figure 10: Latin America Contract Manufacturing Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 11: Western Europe Contract Manufacturing Market Size and Market Share Analysis (%) by Industry, 2022 & 2028
Figure 12: Western Europe Contract Manufacturing Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 13: Eastern Europe Contract Manufacturing Market Size and Market Share Analysis (%) by Industry, 2022 & 2028
Figure 14: Eastern Europe Contract Manufacturing Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 15: Asia Pacific Contract Manufacturing Market Size and Market Share Analysis (%) by Industry, 2022 & 2028
Figure 16: Asia Pacific Contract Manufacturing Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 17: Middle East & Africa Contract Manufacturing Market Size and Market Share Analysis (%) by Industry, 2022 & 2028
Figure 18: Middle East & Africa Contract Manufacturing Market Size and Market Share Analysis (%) by Country, 2022 & 2028
List of Tables
Table 1: Global Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Industry
Table 2: Global Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Industry
Table 3: Global Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Region
Table 4: Global Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Region
Table 5: North America Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Industry
Table 6: North America Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Industry
Table 7: North America Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 8: North America Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Country
Table 9: Latin America Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Industry
Table 10: Latin America Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Industry
Table 11: Latin America Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 12: Latin America Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Country
Table 13: Western Europe Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Industry
Table 14: Western Europe Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Industry
Table 15: Western Europe Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 16: Western Europe Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Country
Table 17: Eastern Europe Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Industry
Table 18: Eastern Europe Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Industry
Table 19: Eastern Europe Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 20: Eastern Europe Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Country
Table 21: Asia Pacific Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Industry
Table 22: Asia Pacific Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Industry
Table 23: Asia Pacific Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 24: Asia Pacific Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Country
Table 25: Middle East & Africa Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Industry
Table 26: Middle East & Africa Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Industry
Table 27: Middle East & Africa Contract Manufacturing Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 28: Middle East & Africa Contract Manufacturing Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Country
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Research Methodology
Complete Table of Contents, List of Charts and Tables
Exclusive Facts & Illustrations
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