World Industrial Rubber Product
29-Jun-2012 | News-Press Release
HTML clipboardWorld demand to rise 5.8% annually through 2016
The global market for industrial rubber products is projected to increase 5.8 percent per year to $139.8 billion in 2016, accelerating from the growth rate during the 2006-2011 period. Demand gains will be fueled by growth in key original equipment manufacturing (OEM) markets, particularly motor vehicles. In addition, the worldwide motor vehicle park will grow at a faster pace as income levels rise, supporting aftermarket demand for industrial rubber products. http://www.bharatbook.com/polymers-market-research-reports/world-industrial-rubber-products.html
Industrial equipment to remain largest segment
The motor vehicle market is forecast to post the strongest gains through 2016, reflecting a turnaround in light vehicle production, bolstering OEM sales of industrial rubber products. However, the industrial equipment market, which includes industrial machinery and equipment as well as off-road vehicles, is expected to remain the largest segment of the industrial rubber product market through 2016. Growth in this segment will be supported by increasing industrial manufacturing activity, as well as by rising demand for heavy industrial equipment such as construction and mining machinery.
Mechanical rubber goods -- which include such products as body seals, vibration control devices and wiper blades -- are expected to remain by far the largest product segment through 2016.
Because these products are
employed heavily in motor vehicles, segment growth will be largely attributable to an acceleration in global automotive output. However, rubber belts and hoses will see the fastest gains of any product segment during that span, bolstered by a better outlook for pricing relative to mechanical goods.
Asia/Pacific to solidify its status as dominant region
The Asia/Pacific region, which represented 44 percent of the global market for industrial rubber products in 2011, is forecast to post the fastest gains of any region through 2016. Gains in regional demand will be fueled by ongoing industrialization efforts and rising personal income levels, which will support manufacturing output in a range of industries, from construction machinery to household appliances.
India is expected to register the strongest growth of any country worldwide through 2016, outpacing even China. However, China will have the most growth in absolute terms, accounting for 42 percent of all additional sales generated through 2016. Several lower-volume markets, such as Indonesia and Malaysia, are forecast to register healthy gains as a result of increased manufacturing activity. Advances in Central and South America and the Africa/Mideast region are expected to outpace the global average, though those regions will continue to represent a modest share of the global market.
The US industrial rubber product market, second largest in the world behind China, will experience a rebound in demand due to an improved manufacturing climate. Western Europe and Japan will see modest increases, in large part because those markets have already reached a mature level. Nevertheless, because of the advanced industrial and technological nature of their economies, intensity of product use in those areas will remain
among the highest in the world.
This upcoming Freedonia industry study, World Industrial Rubber Products, is priced at $6100. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by market, product, world region and for 27 countries. The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 39 global competitors, including Continental, Freudenberg and Tokai Rubber.
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 7
Global Fixed Investment Trends 11
World Manufacturing Output 13
World Motor Vehicle Trends 15
Motor Vehicle Production 16
Motor Vehicles in Use 19
World Construction Expenditures 21
Industrial Rubber Product Pricing Patterns 23
Industrial Rubber Product Technology & Material Trends 25
For more information kindly visit :
World Industrial Rubber Products
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Fax: + 91 22 27812290
Follow us on twitter: http://twitter.com/#!/Sandhya3B
Our Blogs: http://technologymarketreport.blogspot.com/
This release was submitted by a PRSafe user.
Any communication related to the content of this release should be sent to the release submitter.
- Research on Global and China Epoxy Resin Industry Chain Report
- The Geothermal Energy Market 2012-2022
- Adhesives and Sealants: Global Markets
- Dermatological Drugs: World Market Prospects 2012-2022
- The Electric and Range Extended Electric Light-Vehicle Report
- India Urban & Industrial Waste to Energy Market
- Understanding Russia's Regional Health Markets
- 2012 Deep Research Report on China Wind Bearing Industry
- Top 1000 Advertising Agents (European)
- HNWI Asset Allocation in Switzerland to 2016