MRO Magazine

Global Rubber Processing Equipment Market to Grow 9.8% by 2020 – Key Vendors are Bosch Rexroth, Buzuluk & Kobe Steel – Research and Markets


July 6, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Global Rubber Processing Equipment Market 2016-2020” report to their offering.

The report forecasts the global rubber processing equipment market to grow at a CAGR of 9.8% during the period 2016-2020.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

A key trend, which is boosting market growth, is the introduction of several technological developments in the rubber processing industry. For efficient mixing of superior as well as low-quality rubber in an environment-friendly way, the rubber mixing system needs to be accurate and automatic. The recent technological developments in rubber processing will bolster the growth prospects for the rubber processing equipment market until the end of 2020.

According to the report, a key growth driver is growing trend for rubber consumption in the US, especially in the country’s tire manufacturing industry. As per the Rubber Manufacturer’s Association (RMA), the total shipment of tires in the US is predicted to be more than 315 million units by the end of 2016. The bolstering growth of the tire manufacturing industries in the US is primarily driven by factors like low fuel prices and steady economic development. With an increase in the original equipment tire shipments, the market for rubber processing equipment is anticipated to witness promising growth in the coming years.

Further, the report states that a major factor that could hamper market growth is strict regulations on polycyclic aromatic hydrocarbons (PAHs) in the rubber processing industry.

Key vendors:

  • Bosch Rexroth
  • Buzuluk
  • GRM
  • Kobe Steel
  • Wuxi Double Elephant

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by end-user application

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

PART 15: Appendix

For more information visit http://www.researchandmarkets.com/research/t9hh8x/global_rubber

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Rubber