Plastics & Rubber Machinery Manufacturing in Canada
The Plastics and Rubber Machinery Manufacturing industry in Canada supplies capital equipment and machinery to plastic and rubber product manufacturers that use industry machinery and other inputs to create products ranging from plastic pipes to retreading tires. The industry is heavily trade oriented. Due to its strong reliance on exports, the industry operates on a global basis and must compete with increasing foreign competition that benefits from relatively less stringent regulations and lower labour and other production costs. The industry has been able to combat foreign competition by operating in niche segments and offering custom-engineered machines that are known for their high quality, precision and versatility. After improving steadily during the previous five-year period, IBISWorld expects growth of the downstream market to continue over the five years to 2023. 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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook