PUBLISHER: Allied Market Research | PRODUCT CODE: 1140033
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140033
The global custom manufacturing market was valued at $858.8 billion in 2021, and is projected to reach $1,350.2 billion by 2031, registering a CAGR of 4.6% from 2022 to 2031. Custom manufacturing is basically defined by its ability to design, manufacture, and engineer unique products that are specifically meant to fit specific functions and requirements. These products are generally produced in smaller quantities and are made on order basis.
Growth in awareness in different emerging countries such as China and India is leading to adoption of new manufacturing solutions involving methods for reducing the amount of materials wasted and introducing new technologies, which propels demand for custom manufacturing.
In addition, the custom manufacturing helps in overcoming the labor shortage problem due to introduction of smart technologies that helps in effective customization process in lesser timer.
The global custom manufacturing market is segmented on the basis of type, product, end user, and region. On the basis of type, it is classified into built-to-order products and custom products. By products, it is divided into industrial and non-industrial. By end user, it is categorized into automotive, aerospace, manufacturing, retail, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in the global custom manufacturing market include, ARAS Corporation, AVEFLOR, Con-Tech International, Custom Manufacturing & Engineering, Custom Manufacturing Corporation, Custom Mfg. Corp., Dassault Systems, DB Custom Manufacturing, DM&E, Hexagon AB, MetalTek, Micro-Mechanics, Monroe Engineering Products, Parametric Technology Corporation Inc, Promega Corporation, Siemens AG, and Thomas Swan.
Key Benefits For Stakeholders
Key Market Segments
By Type
By Product
By End user
By Region