Rubbed out: The demise of local vehicle manufacturing has reduced industry revenue

As with numerous manufacturing industries in Australia, the Natural Rubber Product Manufacturing industry faces stiff competition from imports. Local manufacturers are finding it increasingly difficult to compete on price, despite low rubber prices over the past five years. Furthermore, demand from major markets such as the Motor Vehicle Manufacturing industry have declined strongly over the past five years, contributing to industry revenue declines. Consequently, industry revenue is expected to decline at an annualised 0.2% over the five years through 2017-18, to reach $869.7 million. This includes a decline of 2.5% in the current year, following the exit of Australia's largest motor vehicle manufacturers by the end more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Local manufacturers are finding it increasingly difficult to compete on price
  • Significant declines in the world price of rubber have provided some relief for the industry
  • The loss of local car manufacturing is projected to continue reducing industry enterprise numbers
  • Industry Report - Industry Key Buyers Chapter

    The Natural Rubber Product Manufacturing industry exhibits a low level of market share concentration. The top four industry operators are estimated to account for less than 10% of industry revenue. Most industry operators only have a single establishment, and smaller firms are more susceptible to becoming unviable in the face of import competition. Consequently, enterprise numbers have declined in line with declines in establishments over the past five years. Typically, industry operators are extremely fragmented and have a high level of specialisation. High import levels and a small domestic market limit industry operators' ability to develop significant scale...purchase to read more.

    Additional Insights for the Natural Rubber Product Manufacturing Industry

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

  • Must comply with required product standards
  • Undertaking technical research and development
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Demand from manufacturing and Trade-weighted index in the Natural Rubber Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Natural Rubber Product Manufacturing Industry?

    Industry operators manufacture a variety of products that are made solely from natural rubber. These products range from rubber foam and floor coverings, to conveyor belts and tubing.

    Industry Products
  • Rubber tubes, pipes and hoses
  • Rubber sheets, strips, plates and profile shapes
  • Sponge and foam rubber
  • Other products
  • Industry Activities
  • Natural rubber conveyor belt
  • Resilient natural rubber floor covering or underlay
  • Natural rubber tubing
  • Natural rubber hose
  • Natural rubber sheeting
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from manufacturing
  • Trade-weighted index
  • Demand from mining
  • World price of rubber

  • Current Performance
  • Profit and employment
  • Downstream trends
  • Imports and competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Profit and industry participation
  • International trade
  • Construction
  • Automotive markets
  • Mining
  • Table: Natural Rubber Product Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Glass and Glass Product Manufacturing
  • Aluminium Door and Window Manufacturing
  • Motor Vehicle Manufacturing
  • Motor Vehicle Parts and Accessories Manufacturing
  • Mining and Construction Machinery Manufacturing
  • Industrial Machinery Manufacturing
  • Furniture and Floor Covering Wholesaling

  • Key Selling Industries
  • Industrial Machinery Manufacturing

  • Products & Services
  • Other products
  • Rubber sheets, strips, plates and profile shapes
  • Rubber tubes, pipes and hoses
  • Sponge and foam rubber
  • Chart: Natural Rubber Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other industries
  • Manufacturers
  • Construction firms
  • Wholesalers and retailers
  • Mining firms
  • Chart: Major Market Segmentation for the Natural Rubber Product Manufacturing Industry

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

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Natural Rubber Product Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Natural 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 Natural Rubber Product Manufacturing Industry
  • 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)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Natural Rubber
  • Refined and processed latex that is extracted from rubber trees.
  • Synthetic Rubber
  • Artificial rubber manufactured through synthesising polymers and petroleum by-products.
  • Vulcanisation
  • The process of treating rubber or rubber-like materials with sulphur at great heat to improve elasticity and strength, or to harden them.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Natural 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
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    This report on Natural 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 Natural 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 Natural 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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