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 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 1.3% during the 10 years to 2019. Canadian GDP is projected to grow at an annualized rate of 2.4% during the same period. If an industry's IVA is growing at a similar rate to Canadian GDP, this is usually indicative of an industry in the mature phase of its life cycle.
The total number of industry enterprises is expected to stabilize and grow at an annualized rate of 0.4% over the 10 years to 2019... purchase to read more