Plastics & Rubber Machinery Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: January 2024
NAICS 33322Revenue
$4.3bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
15,833
Businesses
453
Wages
$X.Xbn
Plastics & Rubber Machinery Manufacturing in the US industry analysis
Plastics and rubber machinery manufacturers produce machinery used to make or process plastic and rubber products, such as equipment for blow molding, extruding and injection molding. Machinery produced by this industry is used by downstream customers to manufacture various goods for numerous end markets. The industry benefited through the end of 2023 as improving business conditions and sentiment drove investment in higher efficiency and lower energy equipment. Still, purchases of new equipment suddenly fell in later in the period due to the COVID-19 pandemic and the resulting marked decline in global macroeconomy activity. Plastics and rubber machinery manufacturing revenue is estimated to contract at a CAGR of 1.5% over the past five years and is expected to total $4.3 billion in 2024, when revenue is forecast to fall an estimated 0.7%. Profit has remained flat due to rising costs in recent years.
Trends and Insights
- Volatile oil and steel prices harm the industry. Rapid increases in input costs cannot be quickly offset with increased selling prices.
- Plastic molding machinery remain the industry’s largest product segment. Rubber-working machinery and equipment also accounts for a significant portion of demand.
- Plastics and rubber machinery manufacturers choose to locate themselves near suppliers, making the Great Lakes the most popular choice to set up establishments. Manufacturers are able to quickly and conveniently acquire raw material while saving on transportation costs.
- Competitive pricing is key to attracting downstream customers in a relatively low-margin industry. Plastics and rubber machinery manufacturers must also be able to deliver a range of high-quality products.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 1.5 % over the past five years, to reach an estimated $4.3bn in 2024.
Trends and Insights
Automakers are major downstream buyers
- Automakers use machines manufactured by this industry to make plastic and rubber products, such as tires, dashboards and interior panels.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The elimination of COVID-19 restrictions will lead to higher demand from automakers
- As the economy recovers due to widespread vaccine distributions, travel patterns will resume and demand for rubber products, such as tires, dashboards and interior panels, will pick up.
Biggest companies in the Plastics & Rubber Machinery Manufacturing in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Hillenbrand, inc. | 305.4 | 17.3 | 5.7 | |
Husky Injection Molding Systems Ltd | 228.6 | 6.5 | 2.8 | |
BC Extrusion Holding GmbH | 122.0 | 6.8 | 5.6 |
To view the market share and analysis for all 9 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Plastic molding machinery, Thermoforming machinery and Plastic screw extrusion molding machinery. Plastic molding machinery is the largest segment of the Plastics & Rubber Machinery Manufacturing in the US.
Trends and Insights
Plastic molding machinery benefited from heightened demand from the medical sector
- Plastic molding refers to the injection of pelletized resins into injection molding machines and is a manufacturing process used to produce a wide array of items ranging from bottle caps to plastic buckets.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Hand Tool & Cutlery Manufacturing in the US
- Woodworking Machinery Manufacturing in the US
- Printing, Paper, Food, Textile & Other Machinery Manufacturing in the US
- Metalworking Machinery Manufacturing in the US
Complementors
- There are no industries to display.
International industries
- Plastics & Rubber Machinery Manufacturing in Canada
- Plastic Pipe and Plastic Packaging Material Manufacturing in Australia
- Plastic Packing Goods Manufacturing in the UK
- Plastic Processing Equipment Manufacturing in China
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture machinery used to make or process plastic and rubber products, including equipment for blow molding, calendering, plastic-compression molding, extruding, injection molding, plastic working, rubber working, tire making, tire recapping and tire shredding. The receipts received from service and repair work are included in this industry.
What's included in this industry?
Producing plastics-working machineryPerforming service, repair and maintenance workProducing rubber-working machineryCompanies
Hillenbrand, inc.Husky Injection Molding Systems LtdBC Extrusion Holding GmbHPurchase this report to view all 9 major companies in this industry.
Related Terms
POLYETHYLENE TEREPHTHALATE (PET)POLYVINYL CHLORIDE (PVC)HIGH-DENSITY POLYETHYLENE (HDPE)Industry Code
NAICS 333249 - Plastics & Rubber Machinery Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Volatile oil and steel prices harm the industry. Rapid increases in input costs cannot be quickly offset with increased selling prices.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Plastic molding machinery remain the industry’s largest product segment. Rubber-working machinery and equipment also accounts for a significant portion of demand.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Plastics and rubber machinery manufacturers choose to locate themselves near suppliers, making the Great Lakes the most popular choice to set up establishments. Manufacturers...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competitive pricing is key to attracting downstream customers in a relatively low-margin industry. Plastics and rubber machinery manufacturers must also be able to deliver a ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry is highly fragmented. Still, Hillenbrand is a large company that dabbles in numerous manufacturing industries, most notably in coffin and casket production.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Hillenbrand, inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Husky Injection Molding Systems Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of BC Extrusion Holding GmbH's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 6 additional companies
Detailed analysis
- Description and key data for Hillenbrand, inc., and factors influencing its performance in the industry
- Description and key data for Husky Injection Molding Systems Ltd, and factors influencing its performance in the industry
- Description and key data for BC Extrusion Holding GmbH, and factors influencing its performance in the industry
- Description, key data and performance trends for 6 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Plastics and rubber machinery manufacturers are under heavy environment and noise regulation. These include the Clear Water Act, Resource Conservation and Recovery Act, Clean...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Purchases are the largest cost for plastics and rubber machinery manufacturers. Raw material prices are the largest expense and have been volatile in recent years.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Plastics & Rubber Machinery Manufacturing in the US industry in United States in 2024?
The market size of the Plastics & Rubber Machinery Manufacturing in the US industry in United States is $4.3bn in 2024.
How many businesses are there in the Plastics & Rubber Machinery Manufacturing in the US industry in 2024?
There are 453 businesses in the Plastics & Rubber Machinery Manufacturing in the US industry in United States, which has declined at a CAGR of 3.2 % between 2019 and 2024.
Has the Plastics & Rubber Machinery Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Plastics & Rubber Machinery Manufacturing in the US industry in United States has been declining at a CAGR of 1.5 % between 2019 and 2024.
What is the forecast growth of the Plastics & Rubber Machinery Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Plastics & Rubber Machinery Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Plastics & Rubber Machinery Manufacturing in the US market in United States?
The biggest companies operating in the Plastics & Rubber Machinery Manufacturing market in United States are Hillenbrand, inc., Husky Injection Molding Systems Ltd and BC Extrusion Holding GmbH
What does the Plastics & Rubber Machinery Manufacturing in the US in United States include?
Producing plastics-working machinery and Performing service, repair and maintenance work are part of the Plastics & Rubber Machinery Manufacturing in the US industry.
Which companies have the highest market share in the Plastics & Rubber Machinery Manufacturing in the US in United States?
The company holding the most market share in United States is Hillenbrand, inc..
How competitive is the Plastics & Rubber Machinery Manufacturing in the US industry in United States?
The level of competition is moderate and steady in the Plastics & Rubber Machinery Manufacturing in the US industry in United States.
