Burning rubber: Growing investment in new machinery has bolstered demand for industry productsAbstractPlastics & Rubber Machinery Manufacturing in the US
Many US manufacturers delayed investment in capital items during the early period of the US economic recovery, but as downstream demand conditions have improved and stabilized, US manufacturers have committed to investing in manufacturing machinery to maintain production capacity and labor efficiency. This downstream investment in machinery has driven steady growth for this industry. In the coming years, the industry’s success will hinge on overseas demand for US made machinery, while exports are forecast to continue accounting for the largest share of industry revenue. Meanwhile, domestic demand from recovering construction activity, emerging trends in food and beverage consumption and growing automobile production will positively affect key downstream markets.
Companies in this industry manufacture machinery used to make or process plastic and rubber products, including equipment for blow molding, calendering, plastic-compression molding, extruding, injection molding, plastic working, rubber working, tire making, tire recapping and tire shredding. The receipts received from service and repair work are included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.