Market Research Reports

The competition in the global industrial rubber products market is moderate due to the presence of players having almost identical share in the market and having a strong brand value. The main six companies operating in the market are Continental AG, Hutchinson, Cooper Standard Automotive Inc., Freudenberg Group, Sumitomo Riko Co. Ltd., and Bridgestone Corp. Together, they held over 63.0% of market share in 2015.  Some of the key strategies employed by the leading players in the global market for industrial rubber products to improve their positions is looking out for acquisitions and partnerships to tap into new markets. This trend is likely to intensify the competition in the next couple of years. The threat of external substitutes such as hard plastics is moderate in the global market for industrial rubber products. Aspiring players need to invest extensively in research and development and work hard to create a brand recall in order to gain a foothold in the market. A ...

The   global industrial rubber products market   is defined by the presence of equally balanced competitors with strong brands value, finds a research study by Transparency Market Research (TMR). The market exhibits a highly concentrated structure. The top six players in this market, namely, Continental AG, Hutchinson, Freudenberg Group, Cooper Standard Automotive Inc., Sumitomo Riko Co. Ltd., and Bridgestone Corp., accounted for more than 63% of the overall market in 2015. The leading companies are focusing aggressively on acquisitions and strategic partnerships, which is likely to increase the competition within the market over the next few years, notes the study. According to the research report, the global market for industrial rubber products will be proliferating at a CAGR of 5.80% over the period of 2016-2024 with the opportunity in this market increasing from a value of US$47.7 bn in 2015 to US$79.5 bn by the end of the forecast period. Mechanical rubber goods ...