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Global Contract Manufacturing Market Size, Trends, Analysis & Forecast 2019-2028

The global contract manufacturing market is expected to grow at a CAGR of more than 5.5% during the forecast period. Contract manufacturing is a form of outsourcing and is a contract between two firms in which one firm 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. Pharmaceutical contract manufacturing is growing rapidly due to the increasing demand for generic medicines and biologics, capital-intensive nature of the business, and complex manufacturing requirements. Moreover, factors such as reduced operational cost and time, flexibility in operation, and increased efficiency are some of the major factors driving the growth of the contract manufacturing market.
Market Segmentation
The global contract manufacturing market has been analyzed on the basis of industry and region. Based on industry, the market is segmented into pharmaceutical, automobile, food & beverages, chemical, construction, packaging, consumer electronics, and others. The pharmaceutical industry is one of the leading industries that is adopting contract manufacturing services in its regular practices. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa. 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.
Market Structure and Competition Landscape
The growth of the global contract manufacturing market is characterized by the presence of 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.
• 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.

Global Contract Manufacturing Market Analysis and Forecast 2019-2028

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, 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
12.1.3.2. Canada
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.
14. Competitive Landscape
An exhaustive analysis of this chapter will be done based on major industries covered in the report
14.1. Competition Dashboard
14.1.1. Global and Regional Market Share Analysis by Industries
14.1.2. Market Structure by Industries
14.2. Competitive Benchmarking by Industries
14.3. Key Strategy Analysis
14.4. Key Company Profiles
14.4.1. Patheon (Thermo Fisher Scientific Inc.)
14.4.1.1. Company Overview
14.4.1.2. Product/Service Offerings
14.4.1.3. Key Financials
14.4.1.4. Recent Developments
14.4.2. Lonza Group
14.4.2.1. Company Overview
14.4.2.2. Product/Service Offerings
14.4.2.3. Financials
14.4.2.4. Recent Developments
14.4.3. Boehringer Ingelheim International GmbH
14.4.3.1. Company Overview
14.4.3.2. Product/Service Offerings
14.4.3.3. Financials
14.4.3.4. Recent Developments
14.4.4. Almac Group
14.4.4.1. Company Overview
14.4.4.2. Product/Service Offerings
14.4.4.3. Financials
14.4.4.4. Recent Developments
14.4.5. Dr. Reddy Laboratories Ltd.
14.4.5.1. Company Overview
14.4.5.2. Product/Service Offerings
14.4.5.3. Financials
14.4.5.4. Recent Developments
14.4.6. Faurecia SA
14.4.6.1. Company Overview
14.4.6.2. Product/Service Offerings
14.4.6.3. Financials
14.4.6.4. Recent Developments
14.4.7. Hyundai Dymos
14.4.7.1. Company Overview
14.4.7.2. Product/Service Offerings
14.4.7.3. Financials
14.4.7.4. Recent Developments
14.4.8. Lear Corp.
14.4.8.1. Company Overview
14.4.8.2. Product/Service Offerings
14.4.8.3. Financials
14.4.8.4. Recent Developments
14.4.9. Magna International Inc.
14.4.9.1. Company Overview
14.4.9.2. Product/Service Offerings
14.4.9.3. Financials
14.4.9.4. Recent Developments
14.4.10. NHK Spring Co., Ltd.
14.4.10.1. Company Overview
14.4.10.2. Product/Service Offerings
14.4.10.3. Financials
14.4.10.4. Recent Developments
14.4.11. Britech Industries
14.4.11.1. Company Overview
14.4.11.2. Product/Service Offerings
14.4.11.3. Financials
14.4.11.4. Recent Developments
14.4.12. Hankscraft Inc.
14.4.12.1. Company Overview
14.4.12.2. Product/Service Offerings
14.4.12.3. Financials
14.4.12.4. Recent Developments
14.4.13. Maysteel Industries, LLC
14.4.13.1. Company Overview
14.4.13.2. Product/Service Offerings
14.4.13.3. Financials
14.4.13.4. Recent Developments
14.4.14. Talan Products Inc.
14.4.14.1. Company Overview
14.4.14.2. Product/Service Offerings
14.4.14.3. Financials
14.4.14.4. Recent Developments
14.4.15. GSH Industries Inc.
14.4.15.1. Company Overview
14.4.15.2. Product/Service Offerings
14.4.15.3. Financials
14.4.15.4. Recent Developments
14.4.16. Hon Hai Precision Industry Co., Ltd. (Foxconn)
14.4.16.1. Company Overview
14.4.16.2. Product/Service Offerings
14.4.16.3. Financials
14.4.16.4. Recent Developments
14.4.17. Pegatron Corp.
14.4.17.1. Company Overview
14.4.17.2. Product/Service Offerings
14.4.17.3. Financials
14.4.17.4. Recent Developments
14.4.18. Jabil Inc.
14.4.18.1. Company Overview
14.4.18.2. Product/Service Offerings
14.4.18.3. Financials
14.4.18.4. Recent Developments
14.4.19. Flex Ltd.
14.4.19.1. Company Overview
14.4.19.2. Product/Service Offerings
14.4.19.3. Financials
14.4.19.4. Recent Developments
14.4.20. Wistron Corp.
14.4.20.1. Company Overview
14.4.20.2. Product/Service Offerings
14.4.20.3. Financials
14.4.20.4. Recent Developments
14.4.21. Hearthside Food Solutions Inc.
14.4.21.1. Company Overview
14.4.21.2. Product/Service Offerings
14.4.21.3. Financials
14.4.21.4. Recent Developments
14.4.22. Gehl Foods, LLC
14.4.22.1. Company Overview
14.4.22.2. Product/Service Offerings
14.4.22.3. Financials
14.4.22.4. Recent Developments
14.4.23. Agilery AG
14.4.23.1. Company Overview
14.4.23.2. Product/Service Offerings
14.4.23.3. Financials
14.4.23.4. Recent Developments
14.4.24. Valk Industries, Inc.
14.4.24.1. Company Overview
14.4.24.2. Product/Service Offerings
14.4.24.3. Financials
14.4.24.4. Recent Developments
14.4.25. Warren Industries, Inc.
14.4.25.1. Company Overview
14.4.25.2. Product/Service Offerings
14.4.25.3. Financials
14.4.25.4. Recent Developments
**The list is not exhaustive and contains more than 500 companies categorized into Industries
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