Global Rubber Processing Equipment Market 2016-2020

Global outlook for the rubber processing equipment market

According to the market research analysts at Technavio, the global rubber processing equipment market is envisaged to witness staggering growth and will post a CAGR of close to 10% over the forecast period. It has been observed that there has been growing trend for rubber consumption in the US, especially in the country’s tire manufacturing industry. As per the Rubber Manufacturer's Association (RMA), the total shipment of tires in the US is predicted to be more than 315 million units by the end of 2016. The bolstering growth of the tire manufacturing industries in the US is primarily driven by factors like low fuel prices and steady economic development. With an increase in the original equipment tire shipments, the market for rubber processing equipment is anticipated to witness promising growth in the coming years. 

One of the emerging trends propelling this market’s growth prospects is the introduction of several technological developments in the rubber processing industry. For efficient mixing of superior as well as low-quality rubber in an environment-friendly way, the rubber mixing system needs to be accurate and automatic. The recent technological developments in rubber processing will bolster the growth prospects for the rubber processing equipment market until the end of 2020.

Segmentation by end user application and analysis of the rubber processing equipment market

• Tire manufacturing segment
• Non-tire manufacturing segment