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 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.
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 rubber products manufacturing market is segmented into Tire Manufacturing, Hoses And Belting Manufacturing and Other Rubber Product Manufacturing.
Tire Manufacturing companies manufacture tires, inner tubes and retreading or rebuilding tires from natural and synthetic rubbers other polymeric raw materials.
Rubber Hoses And Belting includes companies primarily engaged in producing rubber hoses and belting from synthetic and natural rubber, which are used for industrial and domestic purposes.
Other Rubber Product Manufacturing market comprises establishments engaged in the manufacturing of rubber products such as birth control devices, erasers, mechanical rubber goods (extruded, lathe-cut, molded), prophylactics, pipe, reclaiming rubber from waste or scrap, roofing, single-ply rubber membrane, rubber bands, stair treads, thread, toy inflatable rubber swimming pool rafts and weather-stripping.