Plastics & Rubber Machinery Manufacturing in Canada - Industry Market Research Report

Bouncing Back: Competition from Imports Will Likely Remain High as Downstream Markets Grow

Canadian plastics and rubber machinery manufacturers produce machinery used to make or process plastic and rubber products, including equipment for blow moulding, extruding and injection moulding. Manufacturers are largely reliant on demand from trade markets, as exports account for about half of all revenue. In recent years, improving business conditions and sentiment drove investment in higher efficiency and lower energy equipment. Revenue for plastics and rubber machinery manufacturers is expected to grow at a CAGR of 1.9% to $2.5 billion over the five years to 2023, including 2.5% growth in 2023 alone, when profit is expected to reach 7.6% of revenue. The Plastics and Rubber Machinery Manufacturing industry in Canada manufactures machinery used to make or process plastic and rubber products, including machinery for blow moulding, calendaring, plastic-compression moulding, extruding, injection moulding, plastic working, rubber working, tire making, tire recapping and tire shredding. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.