About Industrial Rubber Products
Industrial rubber products can be rubber hoses, gear shift bellow, rubber roofing, conveyor belt, and many others. The industrial rubber products have many applications in hydraulic systems, chemical plant machinery and equipment, automotive wiring harnesses, automotive system, and some others in various industries. As the demand for motor parts in the automotive and manufacturing industry is increasing, the global industrial rubber product market is also increasing along with advancement in the infrastructure and construction industry. The use of synthetic rubber in the construction industry is increasing the global industrial rubber product market across the world.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.5% |
The players of industrial rubber products are focusing on strategic partnerships to improve their product launches according to regulatory standards. The companies are exploring the market in new regions by adopting merger & acquisition as the market is highly fragmented the competition between the companies is high. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Industrial Rubber Products market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Continental Belting Pvt. Ltd. (Germany), Hutchinson Group (United Kingdom), Sumitomo Rubber Industries, Ltd. (Japan), Michelin (France), GoodYear Rubber Products Inc. (United States), Eaton Corporation Inc. (Ireland), Yokohama Rubber Co. Ltd. (Japan), Parker Hannifin Corp (United States), Fenner Group Holdings Limited (United Kingdom), NITTA (United States), Pirelli & C. S.p.A. (Italy) and Semperit AG Holding (Austria) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are The Hankook Tire & Technology Group (South Korea), Cooper Tire & Rubber Company (United States), Hangzhou Zhongce Rubber (ZC Rubber) (China) and Toyoda Gosei Co. Ltd (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Rubber Products market by Type (Hoses, Gear Shift Bellow, Roofing, Conveyor Belt and Others), Application (Hydraulic Systems, Chemical Plant Machinery & Equipment, Automotive Wiring Harness, Automotive Systems, Material Handling Machinery and Others) and Region.
On the basis of geography, the market of Industrial Rubber Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Construction Industry will boost the Industrial Rubber Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Rubber, the sub-segment i.e. Natural Rubber will boost the Industrial Rubber Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Synthetic Rubber in Construction and Building Industry
Market Growth Drivers:
Increasing Demand in Motor Vehicle Application and Component Manufacturing and Rising Demand for Rubber Products from End-Use Industries
Restraints:
Adverse Effects of Industrial Rubber Products on Environment and Price Fluctuations in Rubber Industry Might be the Hindrance
Opportunities:
Advancement in the Products made by Synthetic Rubber will Boost the Market
Market Leaders and their expansionary development strategies
In September 2023, Barberton, OH – HEXPOL Compounding Americas (HCA) announced a new collaboration with LabsCubed. HEXPOL, the leader in custom rubber compounding, and Labscubed, a dynamic and innovative automation company, have partnered to redefine the standards of rubber quality control and reiterate HEXPOL’s commitment to innovation and excellence.
In March 2023, Sumitomo Rubber Industries, Ltd. is pleased to announce that we will be launching FALKEN “e. ZIEX” as a new line of replacement tires for electric vehicles (EV) in Europe, where the market for EV has been growing at a rapid pace. Featuring the highest level of fuel (energy) efficiency of any tire that we have offered to date, “e. ZIEX” is our second line of replacement tires designed for EV, joining the ranks of DUNLOP “e. SPORT MAXX
Key Target Audience
Industrial Rubber Products Manufacturers, Industrial Rubber Products International Traders, Industrial Rubber Products Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.