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Plastics & Rubber Machinery Manufacturing in the US - Industry Research Report

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    Report

  • 54 Pages
  • January 2024
  • Region: United States
  • IBISWorld
  • ID: 239475

Bouncing Back: The Industry's Success Will Likely Benefit from Overseas Demand for Us-Made Machinery

Plastics and rubber machinery manufacturers produce machinery used to make or process plastic and rubber products, such as equipment for blow molding, extruding and injection molding. Machinery produced by this industry is used by downstream customers to manufacture various goods for numerous end markets. The industry benefited through the end of 2023 as improving business conditions and sentiment drove investment in higher efficiency and lower energy equipment. Still, purchases of new equipment suddenly fell in later in the period due to the COVID-19 pandemic and the resulting marked decline in global macroeconomy activity. Plastics and rubber machinery manufacturing revenue has contracted at a CAGR of 2.6% over the past five years and is expected to total $4.2 billion in 2023, when revenue will fall by an estimated 4.3%. Profit has also fallen due to rising labor costs.

Companies in this industry manufacture machinery used to make or process plastic and rubber products, including equipment for blow molding, calendering, plastic-compression molding, extruding, injection molding, plastic working, rubber working, tire making, tire recapping and tire shredding. The receipts received from service and repair work are included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

About This Industry
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
Industry at a Glance
Industry Performance
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
Products & Markets
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
Competitive Landscape
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
Major Companies
Operating Conditions
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
Key Statistics
  • Industry Data
  • Annual Change
  • Key Ratios
Jargon & Glossary

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Hillenbrand, inc.
  • Husky Injection Molding Systems Ltd
  • BC Extrusion Holding GmbH
  • Arburg Holding GmbH + Co KG
  • ENTEK International LLC
  • RDN Manufacturing Co. Inc.
  • Engel Austria GmbH
  • Cincinnati Process Technologies
  • Comtec Australia Pty Ltd

Methodology

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