Breaking the mold: Growth will be limited by external competition and limited demand from key downstream markets

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...purchase to read more.

Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 12-17
0.8%
Forecast Growth 17-22
Profit
Employment
63,269
Businesses
910
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Revenue growth stagnation reflects a difficult environment for the industry, as operators experience significant long-term challenges
  • Natural rubber is the key input in many industry products, as the price of natural rubber declines, the value of rubber products declines
  • Demand for automobiles is expected to increase during the period
  • Industry Report - Industry Investment Chapter

    The Rubber Product Manufacturing industry has a moderate level of capital intensity. In 2017, IBISWorld estimates that for every dollar spent on wages, industry operators will spend $0.16 on capital expenditures. This industry manufactures a diverse range of products requiring a varied assortment of mechanized production equipment to shape and mix rubber products. This equipment represents the industry's greatest capital cost. The use of these machines, however, also requires the expertise of skilled labor to retool machines to manufacture customized products of varied specifications. Accordingly, most of the investment requirements involve labor costs to continue business. Lab...purchase to read more.

    Additional Insights for the Rubber Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Rubber Product Manufacturing Industry are

  • Supply contracts in place for key inputs
  • Ability to quickly adopt new technology
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Trade-weighted index in the Rubber Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Rubber Product Manufacturing Industry?

    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.

    Industry Products
  • Automotive rubber components
  • Rubber compounds and mixtures
  • Industrial rubber products
  • Other mechanical rubber components
  • Foam rubber products
  • Industry Activities
  • Extruded, molded or lathe-cut rubber goods
  • Mechanical rubber goods
  • Rubber balloon
  • Birth control device (i.e. diaphragms, prophylactics)
  • Rubber mattresses and life raft
  • Reclaiming rubber from waste or scrap
  • Roofing (i.e. single ply rubber membrane)
  • Rubber sheeting
  • Rubber thread (except fabric-covered)
  • Rubber tubing (except extruded, molded, lathe-cut)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Trade-weighted index
  • Value of private nonresidential construction
  • Value of residential construction
  • Import penetration into the manufacturing sector
  • World price of rubber

  • Current Performance
  • Major markets, profitability and rubber prices
  • Competition and industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Key markets
  • The importance of innovation
  • Trade Landscape
  • Table: Rubber Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Rubber Product Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Shoe & Footwear Manufacturing
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Drug, Cosmetic & Toiletry Wholesaling

  • Key Selling Industries
  • Industrial Machinery & Equipment Wholesaling
  • Plastic & Resin Manufacturing

  • Products & Services
  • Automotive rubber components
  • Other mechanical rubber components
  • Other
  • Industrial rubber products
  • Foam rubber products
  • Rubber compounds and mixtures
  • Chart: Rubber Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Manufacturing
  • Construction
  • Household demand for durable goods
  • Demand for substitute goods
  • Levels of trade

  • Major Markets
  • Automotive Manufacturers
  • Rubber-based Product Manufacturers
  • Mechanical Manufacturers
  • Other
  • Industrial Manufacturers
  • Exports
  • Chart: Major Market Segmentation for the Rubber Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Rubber Product Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Rubber Product Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Rubber Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Rubber Product Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World price of rubber (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Elastomer
  • A type of polymer noted for its elastic properties.
  • North American Free Trade Agreement (Nafta)
  • An agreement between the United States, Canada, and Mexico to increase trade flows between the countries.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Polyethylene Foam
  • A substitute for rubber foam, used for packaging and cushioning.
  • Research And Development (R&D)
  • Creative work undertaken by a company in order to increase the stock of knowledge, which can then be applied to developing a new product or improving an existing one.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Rubber Product Manufacturing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Rubber Product Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Rubber Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Rubber Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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