Bouncing back: A depreciating domestic dollar will help bolster export figures

The Rubber Product Manufacturing industry in Canada produces a range of goods, including nontire rubber automotive parts, construction materials and office supplies. Over the past five years, the industry has benefited from a depreciating domestic dollar that helped to bolster export figures and strong growth in demand from automotive and automotive parts manufacturers across North America. A depreciating domestic dollar has benefited the industry significantly over the past five years, helping to make domestic products comparably more affordable and prompting export growth. Over the five years to 2023, industry revenue is expected to continue to rise, albeit at a slower pace than during the previous reporting period...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
3.3%
Forecast Growth 18-23
Profit
Employment
8,857
Businesses
191
Market Share of Companies

Industry Threats & Opportunities

  • Competition from imports will temper growth, as operators experience challenges from foreign competitors
  • Exports in the industry account for almost half of total revenue
  • The United States will remain the industry's primary source for imports
  • Industry Report - Industry Key Buyers Chapter

    The Rubber Product Manufacturing industry in Canada primarily consists of small companies. IBISWorld estimates that the three largest industry players will account for less than 15.0% of the industry's revenue in 2018. Concentration is low because the industry produces a wide array of different products serving a broad spectrum of markets, including the automotive, construction and medical supplies sectors, and few individual companies focus on a similarly large number of products or markets. While the fragmented nature of the industry limits individual companies' market share, a company's individual share of a product segment can be significant. Mar...purchase to read more.

    Additional Insights for the Rubber Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Rubber Product Manufacturing Industry are

  • Ability to quickly adopt new technology
  • Supply contracts in place for key inputs
  • Ability to accommodate environmental requirements
  • IBISWorld analysts also discuss how external factors such as Canadian effective exchange rate index and Demand from car and automobile manufacturing in the Rubber Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Rubber Product Manufacturing Industry?

    This industry manufactures a range of rubber products from doormats to rubber bands. Due to the diversity of goods, this industry sells to several downstream industries including manufacturing, construction and healthcare companies. The industry does not, however, include the following products: rubber tires and inner tubes, rubber hoses and belts, rubber gaskets, rubberized fabric, rubber clothing and gloves, rubber toys and rubber packing and sealing devices.

    Industry Products
  • Automotive rubber parts
  • Mechanical rubber components
  • Rubber products for industrial or other manufacturing purposes
  • Rubber sponge, foam and covering products
  • Other rubber goods
  • Industry Activities
  • Extruded, moulded or lathe-cut rubber goods
  • Reclaiming rubber from waste or scrap
  • Roofing (i.e. single ply rubber membrane)
  • Rubber sheeting, flooring and stair tread
  • Rubber balloon
  • Mechanical rubber goods
  • Rubber tubing (except extruded, molded, lathe-cut)
  • Rubber thread (except fabric-covered)
  • Birth control device (i.e. diaphragms, prophylactics)
  • Rubber mattresses and life raft
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian effective exchange rate index
  • Demand from car and automobile manufacturing
  • Industrial capacity utilization
  • Value of nonresidential construction
  • World price of rubber

  • Current Performance
  • Domestic demand factors
  • Trade is still essential
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream markets improving
  • Trade maintains importance
  • Pressure on industry profit
  • Innovation necessary
  • Table: Rubber Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Rubber Product Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Shoe & Footwear Manufacturing in Canada
  • Car & Automobile Manufacturing in Canada
  • SUV & Light Truck Manufacturing in Canada
  • Truck & Bus Manufacturing in Canada

  • Key Selling Industries
  • Plastic & Resin Manufacturing in Canada
  • Plastics & Rubber Machinery Manufacturing in Canada

  • Products & Services
  • Rubber products for industrial or other manufacturing purposes
  • Automotive rubber parts
  • Other rubber goods
  • Mechanical rubber components
  • Rubber sponge, foam and covering products
  • Chart: Rubber Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Trade driving demand
  • Manufacturing
  • Construction
  • Demand for substitute goods

  • Major Markets
  • Exports
  • Other manufacturing industries
  • Automotive manufacturers
  • Industrial manufacturers
  • Other
  • Mechanical manufacturers
  • Chart: Major Market Segmentation for the Rubber Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Rubber Product Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Rubber Product Manufacturing Industry

  • Industry Globalization
    Airboss of America Corporation,
  • Table: Airboss of America Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Rubber Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Rubber Product Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Canadian-dollar effective exchange rate index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Elastomer
  • A type of polymer noted for its elastic properties.
  • North American Free Trade Agreement (Nafta)
  • An agreement between the United States, Canada and Mexico to increase trade flows between the countries.
  • Polyethylene Foam
  • A substitute for rubber foam, used for packaging and cushioning.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Rubber Product Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Rubber Product Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Rubber Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Rubber Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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