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Rubber Products Market 2023 : Trends, Business Growth And Major Driving Factors | The Michelin Group, Bridgestone Corporation, Continental AG, Good Year Tire & Rubber Company
Rubber Products Global Market Report
The Business Research Company's Rubber Products Global Market Report 2023 identifies the 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.
The global rubber products market grew 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 rubber products market is expected to grow to $503.79 billion in 2027 at a CAGR of 5.9%.
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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.
A key trend in the Rubber Products market includes the 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.
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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
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Rubber Products market.
The Business Research Company's "Global Rubber Products Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Rubber Products Market Include:
1. Executive Summary
2. Rubber Products Market Characteristics
3. Rubber Products Market Trends And Strategies
4. Rubber Products Market - Macro Economic Scenario
5. Rubber Products Market Size And Growth
……
27. Rubber Products Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rubber Products Market
29. Rubber Products Market Future Outlook and Potential Analysis
30. Appendix
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