Plastics & Rubber Machinery Manufacturing in Canada
Establishments in the Plastic and Rubber Machinery Manufacturing industry make machines that process plastic resin materials and shape them into finished plastic products. During the past five years, stagnating demand from downstream domestic markets, such as plastics and rubber products manufacturing, and intense competition from imported machinery has constrained industry performance. In addition, a sluggish global recovery from the recession, particularly in Europe, has hurt exports growth during most of the five-year period. After being hit hard by the recession, IBISWorld expects recovery of the downstream market to continue over the five years to 2021. However, competition from imports will remain high, so a company's reputation for high quality and guaranteed performance will remain important ways for domestic operators to differentiate their products from the competition.
This industry manufactures machinery used to make or process plastic and rubber products, including machinery for: blow moulding, calendaring, plastic-compression moulding, extruding, injection moulding, plastic working, rubber working, tire making, tire recapping and tire shredding.
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.