Industry Analysis & Industry Trends
Establishments in the Plastic and Rubber Machinery Manufacturing industry make machines that process plastic resin materials and shape them into finished plastic products. During the past five years, stagnating demand from downstream domestic markets, such as plastics and rubber products manufacturing, and intense competition from imported machinery has constrained industry performance. In addition, a sluggish global recovery from the recession, particularly in Europe, has hurt exports growth during most of the five-year period. After being hit hard by the recession, IBISWorld expects recovery of the downstream market to continue over the five years to 2021... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Plastic and Rubber Machinery Manufacturing industry is in the mature phase of its economic life cycle; this stage is characterized by stabilization of industry participants, brand awareness and market acceptance of products. Industry Value Added (IVA), which measures an industry's contribution to the overall economy, is expected to increase at an annualized rate of 2.4% during the 10 years to 2021. Canadian GDP is projected to grow at an annualized rate of 1.9% during the same period. If an industry's IVA is growing at a similar rate to Canadian GDP, it is usually indicative of an industry in the mature phase of its life cycle.
The total number of industry enterprises is expected to decline steadily at an annualized rate of 1.3% over the 10 years to 2021... purchase to read more