Blow Molding Machinery Manufacturing
Private investment in industrial equipment and machinery and downstream demand are key drivers of performance for the Blow Molding Machinery Manufacturing industry, both of which have performed well over the five years to 2018 due to improving economic conditions. Industry growth has stemmed from a rise in investment in industrial equipment and machinery, as downstream users are expanding capacity. However, volatile steel prices led to operators slashing top-line selling prices during the latter-half of the five-year period. As a result, industry revenue is expected to decline marginally during the current period. Conversely, the industry is expected to bounce back and grow more steadily over the five years to 2023. During the outlook period, industry revenue is anticipated to grow as a result of improvements in downstream demand and increasing technological advancement. However, the industry will still have to contend with high import penetration and a volatile US dollar.
This industry manufactures blow molding machinery. Blow molding is a process by which hollow plastic parts are formed.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook