How Big Is the Manufacturing Services Market | Industry Size & Insights 2025

Q: What is the projected size of the manufacturing services market?

The manufacturing services market is expected to reach USD 820.5 billion by 2031, driven by demand for flexible, outsourced, and scalable production models.

Q: What drives growth in the manufacturing services market?

Key growth drivers include OEM outsourcing, rising demand for product lifecycle services, and faster time-to-market via contract and EMS vendors.

Q: How competitive is the manufacturing services market?

The market is highly competitive with global EMS giants and regional players offering specialized production, regulatory, and fulfillment capabilities.

Q: Who are the key players in the manufacturing services market?

Major companies include Foxconn, Jabil, Flex, Celestica, Sanmina, and Plexus, known for serving industries such as consumer electronics, automotive, and healthcare.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA7024

Publication Date: Jul 2025

How Big Is the Manufacturing Services Market?

According to 6Wresearch internal database and industry insights, the global manufacturing services market was valued at USD 527.4 billion in 2024 and is expected to reach USD 820.5 billion by 2031, growing at a CAGR of 6.5%.

The demand is increasing because OEMs are outsourcing non-core production to gain added flexibility and reduce cost. The market is growing rapidly as the electronics, automotive and healthcare sectors increasingly turn to contract manufacturing, EMS (electronics manufacturing services) and third-party component assembly.

Growth Factors of the Manufacturing Services Market

Surge in OEM outsourcing to reduce overheads and improve agility
Rising product complexity and short innovation cycles
Growth of consumer electronics and medical device sectors
Cost-effective scalability in emerging markets like India and Vietnam
Rapid advancements in automation and smart factory tools
Need for regulatory compliance and documentation support from vendors

Manufacturing Services Market Trends

The Manufacturing Services Market is experiencing a long-anticipated shift from general manufacturing service providers to vertically integrated providers offering a design, prototyping, production, and logistics service as one complete offering. This can fast-track time-to-market and improve efficiency.

Sustainable manufacturing is gaining traction, as manufacturing services service providers are investing in energy-efficient equipment, recyclable materials, and carbon footprint tracking capabilities that fit into the ESG (Environment, Sustainability, Governance) targets of clients.

Emerging Developments in Manufacturing Services Market

The Manufacturing Services Market is making strides with the concept of digital twins, where vendors are using technology to virtually simulate production runs and to test the production runs digitally and cost-effectively before executing them in the real world. This improves quality and reduces the cost of making errors through the traditional trial-and-error process.

Vendors are also offering on-demand manufacturing through cloud-based platforms where clients can place small-batch or rapid prototype orders via an automated quoting and design upload process, improving responsiveness.