Press release
Rubber Products Market Growth, Trends And Forecasts To 2030 - Assessment of the Impact of COVID-19 On The Industry
The Business Research Company
The global rubber products market is expected to decline from $370.1 billion in 2019 to $358.5 billion in 2020 at a compound annual growth rate (CAGR) of -3.2%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $433 billion in 2023.
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The rubber products market consists of sales of rubber products by entities (organizations, sole traders and partnerships) that produce tires and retreading, rubber hoses and belting, rubber sealants and all other rubber products which have domestic and industrial applications.
Rubber manufacturing companies are collecting, processing and measuring data to improve process efficiency and productivity. Technologies include electronic devices that connect through internet and display process information on dashboards. Predictive maintenance technology predicts snags and defects and thus significantly reduces downtime and costs. Rubber manufacturing companies are integrating big data and, IoT technologies to implement preventive maintenance techniques.
Rubber Products Market Segmentation:
By Type
1. Tire
2. Hoses And Belting
3. Other Rubber Product
By End-User Industry
1. Construction & Infrastructure
2. Automotive
3. Electrical & Electronics
4. Others
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Rubber Products Market Characteristics
4. Rubber Products Market Product Analysis
5. Rubber Products Market Supply Chain
……
20. Rubber Products Market Competitive Landscape
21. Key Mergers And Acquisitions In The Rubber Products Market
22. Market Background: Plastics And Rubber Products Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the rubber products market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the rubber products market are Bridgestone Corporation; Michelin Inc; Good Year Tire & Rubber Company; Continental Tire the Americas; Pirelli & C SpA
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The Business Research Company
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Americas: +1 315 623 0293
Email: info@tbrc.info
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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