The Market of Global EMS is Scaling Up Continuously
Compared with traditional OEM or ODM services, which only provide product design and foundry production, EMS manufacturers provide knowledge and management services, such as material management, logistics transportation, and even product maintenance services. With the increasingly mature EMS model, the global EMS industry continues to expand, from $329.2 billion in 2016 to $682.7 billion in 2021.
Market Size and Growth Rate of EMS from 2016 to 2021.
Global EMS is Gradually Shifting from the United States to the Asia-Pacific Region
According to China Electronics Manufacturing Services (EMS) Market Development Trend Analysis and Investment Strategy Research Report (2022-2029), the EMS industry has gradually shifted from the United States to the labor-intensive, low-cost, and responsive Asia-Pacific region in recent years. In 2021, the Asia-Pacific EMS market accounted for more than 70% of the global EMS market. China’s total sales of electronic products have surpassed the United States under the promotion of relevant policies and become the world’s largest market for electronic product manufacturing. The growing penetration rate of electronics manufacturing has further scaled up China’s EMS market. In 2021, China’s EMS market reached 1,770.2 billion yuan, an increase of 523 billion yuan over 2017.
The global EMS market is mainly occupied by overseas enterprises, and mainland Chinese enterprises have a large room for growth.
The overseas head companies are taking the lead in the EMS industry, which has certain barriers of customer, capital, and technology. The industry is in a high and uptrend concentration.
In the long run, some excellent Chinese electronics product brands have put forward standard integration management requirements for domestic EMS enterprises that provide manufacturing and processing services to ensure that the products they promote to the international market are highly consistent in quality, function, and performance. What’s more, those brands even help EMS enterprises to upgrade their process and equipment, which will effectively promote the progress of the domestic overall manufacturing service and will also provide good development opportunities for excellent EMS enterprises.
Post time: Jun-13-2023