Rubber Product Manufacturing in the US
While modest growth in revenue paints a rosy picture of the industry coming out of the recession, companies face significant long-term challenges in the form of foreign competitors that benefit from lower operating expenses. As a result, the number of domestic rubber product manufacturers has declined over the past five years, and is likely to continue shrinking through 2021. Although the industry is expected to grow over the next five years, revenue gains will be limited by external competition from substitute products made from plastics, increasing import penetration and decelerating demand from transportation equipment manufacturing and other key downstream markets.
Operators in this industry manufacture a range of rubber products, including automotive parts, doormats, rubber bands and rubber gloves. Due to the diversity of goods, this industry sells to a number of downstream industries, including manufacturing, construction and healthcare companies.
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.