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The Rubber Products Global Market Report 2023 by The Business Research Company, provides rubber products market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Rubber Products Global Market Report 2023, the global rubber products market size will grow from $374.37 billion in 2022 to $400.07 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of rubber products is expected to grow to $503.79 billion in 2027 at a CAGR of 5.9%.
Technological advancement is expected to be a continued driver of market growth during this period. Industries that involve technology, such as this one, benefited from this trend during this period.
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The rubber products market is segmented:
1) By Type: Tire, Hoses And Belting, Other Rubber Product
2) By Process: Molded, Extruded, Fabricated, Latex-based, Other Processes
3) By End-User Industry: Construction & Infrastructure, Automotive, Electrical & Electronics, Other End Users
Subsegments Covered: Radial Tires, Bias Tires, Rubber Hoses, Rubber Belts
Top Major Players
The Michelin Group
Bridgestone Corporation
Continental AG
Good Year Tire & Rubber Company
Sumitomo Rubber Group
Computer simulation and 3D printing technology is expected to have a significant impact on the rubber product manufacturing industry. Increasing number of companies are adopting 3D technology to design and develop rubber products. Software aided system offers 3D presentations on production line processes, including potential fault lines and also provides control on the manufacturing process. For example, Stratasys develops 3D printing technologies to produce automotive tires that can be customized to different levels of hardness, and elongation.
The rubber products market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Rubber Products Market Characteristics
4. Rubber Products Market Product Analysis
5. Rubber Products Market Supply Chain
……………………
22. Key Mergers And Acquisitions In The Rubber Products Market
23. Market Background: Plastics And Rubber Products Manufacturing Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
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