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Rubber Products Global Market Report (2022-2031) - Top Key Players | The Michelin Group, Bridgestone Corporation, Continental AG, Good Year Tire & Rubber Company
Rubber Products Global Market Report 2022
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The global rubber products market report by the business research company identifies Technology is expected to be a major growth driver for the rubber products market. Industries that involve technology, such as this one, benefited from this trend during this period. For example, technologies such as ""Green Tires,"" where 20-30% of a vehicle's fuel consumption is related to tire performance, took off during this period. Green Tires offer wet grip, durability and low rolling resistance, reducing fuel consumption by 5-7%. Thus, technological advances which enabled improved performance, reduced fuel consumption contributed to the market growth.
The global rubber products market grew from $340.99 billion in 2021 to $368.1 billion in 2022 at a compound annual growth rate (CAGR) of 8.0%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The rubber products market is expected to grow to $448.67 billion in 2026 at a CAGR of 5.1%.
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Asia Pacific was the largest region in the rubber products market in 2021. North America was the second largest region in the rubber products market. The regions covered in the rubber products report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major companies in the rubber products market include The Michelin Group, Bridgestone Corporation, Continental AG, Good Year Tire & Rubber Company, Sumitomo Rubber Group, The Hankook Tire group, Pirelli & C SpA, Yokohama Rubber Company Ltd, Toyo Tire & Rubber Co Ltd and Toyota Tsusho.
The global 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.
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The Rubber Products Market Report Contents Include
1. Executive Summary
2. Report Structure
3. Rubber Products Market Characteristics
4. Rubber Products Market Product Analysis
5. Rubber Products Market Supply Chain
....
21. Rubber Products Market Competitive Landscape
22. Key Mergers And Acquisitions In The Rubber Products Market
23. Market Background: Plastics And Rubber Products Manufacturing Market
24. Recommendations
25. Appendix
This 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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