Industry Analysis & Industry Trends
This industry manufactures machinery used to make or process plastic and rubber products, including machinery for: blow moulding, calendaring, plastic-compression moulding, extruding, injection moulding, plastic working, rubber working, tire making, tire recapping and tire shredding. The industry is heavily trade oriented, with the majority of industry revenue coming from exports; consequently, the industry is reliant on the health of the global economy, which has rebounded from recessionary lows. Over the next five years, IBISWorld expects the recovery of downstream markets to continue. However, competition from imports is expected to remain high... purchase to read more
Industry Report - Industry Analysis Chapter
Establishments in the Plastic and Rubber Machinery Manufacturing industry make machines that process plastic materials and shape them into various plastic products. Some popular processes involve injection moulding, extrusion moulding and blow moulding machines. Each machine operates differently, but all require plastic pellets to be heated in order to create a mould. Like most manufacturing industries, the Plastic and Rubber Machinery Manufacturing industry relies on downstream industries for demand.
The entire Canadian manufacturing sector has been hit hard by the recession. As a result, slow growth has been a common theme over the past five years... purchase to read more