DUBLIN--(BUSINESS WIRE)--Dec 7, 2022--
The "Custom Manufacturing Market By Type, By Product, By End user: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
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.
Key Benefits
Key Market Segments
By Type
By Product
By End user
By Region
Key Market Players
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KEYWORD:
INDUSTRY KEYWORD: OTHER MANUFACTURING MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/07/2022 09:22 AM/DISC: 12/07/2022 09:23 AM
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