Rubber Product Manufacturing in the US
Growth occurred in Rubber Product Manufacturing industry during the beginning of the five-year period to 2017, when revitalized manufacturing activity experienced strong demand for automotive rubber components from downstream buyers. Stagnation in the industry's revenue growth reflects a difficult operating environment for the industry, as operators experience significant long-term challenges in the form of foreign competitors that benefit from lower operating costs. As a result, the number of domestic rubber product manufacturers has declined over the past five years. Although the industry is expected to grow over the five years to 2022, growth will be limited by external competition from substitute products made from plastics, increasing import penetration and limited demand from key downstream markets.
Operators in this industry manufacture a range of rubber products, including automotive parts, doormats, rubber foam and rubber tubing. Due to the variety of goods, this industry sells to various downstream industries, including manufacturing and construction 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.
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