Plastics & Rubber Machinery Manufacturing in the US - Industry Market Research Report
Description
Plastics & Rubber Machinery Manufacturing in the US
Plastics and rubber machinery manufacturers produce machinery used to make or process plastic and rubber products, such as equipment for blow molding, extruding and injection molding. Machinery produced by this industry is used by downstream customers to manufacture various goods for numerous end markets. The industry benefited through the end of 2023 as improving business conditions and sentiment drove investment in higher efficiency and lower energy equipment. Still, purchases of new equipment suddenly fell in later in the period due to the COVID-19 pandemic and the resulting marked decline in global macroeconomy activity. Plastics and rubber machinery manufacturing revenue has contracted at a CAGR of 2.6% over the past five years and is expected to total $4.2 billion in 2023, when revenue will fall by an estimated 4.3%. Profit has also fallen due to rising labor costs.
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."
Plastics and rubber machinery manufacturers produce machinery used to make or process plastic and rubber products, such as equipment for blow molding, extruding and injection molding. Machinery produced by this industry is used by downstream customers to manufacture various goods for numerous end markets. The industry benefited through the end of 2023 as improving business conditions and sentiment drove investment in higher efficiency and lower energy equipment. Still, purchases of new equipment suddenly fell in later in the period due to the COVID-19 pandemic and the resulting marked decline in global macroeconomy activity. Plastics and rubber machinery manufacturing revenue has contracted at a CAGR of 2.6% over the past five years and is expected to total $4.2 billion in 2023, when revenue will fall by an estimated 4.3%. Profit has also fallen due to rising labor costs.
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."
Table of Contents
47 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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