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

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

Plastics & Rubber Machinery Manufacturing in the US

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.