Manufacturing Market Insider (MMI) announces the Top 50 EMS Companies Worldwide which surpasses $350 billion in revenue.
Nevada City, California – Manufacturing Market Insider, a newsletter specializing in the EMS (electronics manufacturing services) industry, has released its annual MMI Top 50™ list of the world’s largest EMS providers. In 2019, Top 50 sales accounted for $351 billion in revenue – an increase of $21 billion from 2018. MMI largely tabulates its ranking information through an annual survey of over 100 of the largest EMS companies worldwide.
Top 50 sales increased from the previous year by 6.4% largely as a result of the bottom 40 EMS firms dominating the growth. The Top 10 EMS companies such as Foxconn, Pegatron, Jabil, Flex, Wistron, Sanmina, New Kinpo, BYD, Celestica, and USI were the leading ten companies with growth rates ranging from -0.7% (Wistron) to 14.2% (Jabil). Foxconn alone achieved revenue growth of an estimated 2.5% from 2018 to 2019 (official numbers have not been released). Without Foxconn, revenue growth of the Top 50 would have averaged 2.6% indicating that the company exerted a slight drag on the industry.
Overall, the APAC region accounted for around 90.2 percent of the Top 50 EMS revenue, with the Americas representing 7.4 percent of revenue and EMEA 2.3 percent. In contrast, during the 1990s the Americas accounted for over 50 percent of all production, with EMEA assembling an estimated 30 percent and APAC serving around 20 percent of total production.
In addition to ranking providers by 2019 sales, MMI Top 50 listings include sales growth, previous rank, number of employees, number of plants, facility space, space in low-cost regions, number of SMT lines and customer data. This special data was published in the March 2020 edition of MMI, and in April will include market segmentation data obtained from the MMI survey.
Founded in 1991, Manufacturing Market Insider is a division of New Venture Research Corp., and is a monthly newsletter providing dedicated coverage of the EMS industry. For more information, please see www.mfgmkt.com/