The rubber products industry comprises establishments that manufacture tires and retreading, rubber hoses and belting, rubber sealants and all other rubber products which have domestic and industrial applications.
The top five companies covered are Bridgestone Corporation, Michelin Inc, Good Year Tire & Rubber Company, Continental Tire the Americas and Pirelli & C SpA. Bridgestone Corporation was the largest company in the rubber products manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global rubber products manufacturing market was valued at nearly $409 billion in 2017. Asia Pacific was the largest region in the rubber products manufacturing market in 2017, accounting for around 49% market share. China was the largest country in the market in 2017, accounting for around 20% market share.
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.
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