Industry Analysis & Industry Trends
The Plastic and Rubber Machinery Manufacturing industry supplies capital equipment and machinery to plastic and rubber product manufacturers that use industry machinery and other inputs to create products ranging from plastic pipes to retreading tires. Due to recovering downstream demand from both domestic and international users, IBISWorld estimates that revenue will increase, with strong exports partially offset by weakened demand from downstream domestic markets. After improving steadily over the previous five-year period, IBISWorld expects growth of the downstream market to continue over the five years to 2022... 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 0.6% over the 10 years to 2022. Canadian GDP is projected to grow at an annualized rate of 1.8% over the same period. If an industry's IVA is growing more slowly than 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 0.1% over the 10 years to 2022. Due.. purchase to read more