Global Rubber Processing Equipment Market 2016-2020

Global outlook for the rubber processing equipment market

According to the market research analysts at Technavio, the global rubber processing equipment market is envisaged to witness staggering growth and will post a CAGR of close to 10% over the forecast period. It has been observed that there has been growing trend for rubber consumption in the US, especially in the country’s tire manufacturing industry. As per the Rubber Manufacturer's Association (RMA), the total shipment of tires in the US is predicted to be more than 315 million units by the end of 2016. The bolstering growth of the tire manufacturing industries in the US is primarily driven by factors like low fuel prices and steady economic development. With an increase in the original equipment tire shipments, the market for rubber processing equipment is anticipated to witness promising growth in the coming years. 

One of the emerging trends propelling this market’s growth prospects is the introduction of several technological developments in the rubber processing industry. For efficient mixing of superior as well as low-quality rubber in an environment-friendly way, the rubber mixing system needs to be accurate and automatic. The recent technological developments in rubber processing will bolster the growth prospects for the rubber processing equipment market until the end of 2020.

Segmentation by end user application and analysis of the rubber processing equipment market

• Tire manufacturing segment
• Non-tire manufacturing segment

During 2015, the tire manufacturing segment led the market and accounted for nearly 75% of the market share in terms of revenue. Rising incomes in emerging markets will propel the demand and production of passenger and commercial vehicles, which will, in turn, drive this segment’s growth in the future.

Geographical segmentation and analysis of the rubber processing equipment market

• Americas
• APAC
• EMEA

In terms of geography, APAC was the highest revenue contributor and is expected to reach more than USD 2 billion by 2020. The demand for tires and the proliferation of the rubber processing equipment market is attributed to the augmented demand for tires in the region. Also, Asia is a major hub for lightweight automobile production with the majority of production concentrated in China, Japan, and India. The increasing production of automobiles will indirectly fuel this market’s growth during the predicted period.

Competitive landscape and key vendors

The global rubber processing equipment market is highly fragmented due to the presence of well-established international and regional players. The small vendors make it difficult for the international vendors to compete with them in terms of product features, functionalities, and services as they offer products and services at a lesser price than the international suppliers. With the introduction of products with new features and technologies, the competition among the vendors is likely to intensify in the future.

The leading vendors in the market are -

• Bosch Rexroth
• Buzuluk
• GRM
• Kobe Steel
• Wuxi Double Elephant

Other prominent vendors in this market are AMCL Machinery, Anant Engineering Works, Barwell, Bharaj Machineries, Farrel Pomini, French, Harburg-Freudenberger, Hevea Engineering Works, JRD Rubber & Plastic Technology, Kelachandra Machines, L&T, Modern Machines, PELMAR Engineering, Perfect Machine Tools, Santec, Siemens, Slach Hydratecs Equipment, Troester, VMI Group, and Yizumi.   

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global rubber processing equipment market?
• What are the key market trends impacting the growth of the global rubber processing equipment market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global rubber processing equipment market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global rubber processing equipment market?

Technavio also offers customization on reports based on specific client requirement.

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