Floored: The rapid decline of motor vehicle manufacturing has hindered revenue growth

The Plastic Flooring and Other Polymer Product Manufacturing industry has faced difficult trading conditions over the past five years. Reduced mining activity and the rapid decline of the Motor Vehicle Manufacturing industry have taken their toll on industry revenue, leading to declining sales for many synthetic rubber product and conveyor belt manufacturers. Revenue is anticipated to fall by 0.7% in the current year, due to a projected drop in the domestic price of plastic and rubber products. However, demand has grown from some downstream markets over the past five years. Strong construction activity and the popularity of home improvement projects have bolstered industry sales and prevented a decline in industry revenue...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
0.6%
Forecast Growth 18-23
Profit
Employment
4,700
Businesses
463
Market Share of Companies

Industry Threats & Opportunities

  • Limited mining activity and the end of local car manufacturing have restricted revenue growth
  • Exports are mainly customised products that require highly technical manufacturing processes
  • Establishment and employment numbers are expected to increase over the next five years
  • Industry Report - Industry SWOT Analysis Chapter

    The industry is currently in the mature stage of its economic life cycle. Industry value added, which measures an industry's contribution to the economy, is expected to increase by an annualised 1.0% over the 10 years through 2022-23. This represents an underperformance of the overall economy, as real GDP growth is expected to grow by an annualised 2.5% over the same period.Rising import competition has increased price competition, restrained revenue growth and forced some industry operators to exit. Alongside tougher import competition, a decline in demand from downstream markets, such as mining and automotive manufacturing, has limited revenue growth. Nev...purchase to read more.

    Additional Insights for the Plastic Flooring and Other Polymer Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastic Flooring and Other Polymer Product Manufacturing Industry are

  • Economies of scale
  • Ability to quickly adopt new technology
  • Supply contracts in place for key inputs
  • IBISWorld analysts also discuss how external factors such as Demand from construction and Domestic price of plastic and rubber products in the Plastic Flooring and Other Polymer Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Plastic Flooring and Other Polymer Product Manufacturing Industry?

    Companies in the industry manufacture plastic conveyor and other belts; extruded plastic sections; plastic hoses and tubes; plastic floor, wall and ceiling coverings; and synthetic rubber products.

    Industry Products
  • Plastic hoses and tubing
  • Plastic conveyor and other belts
  • Floor coverings
  • Synthetic rubber products
  • Other products
  • Industry Activities
  • Plastic hose and tube
  • Conveyor belt and transmission belt
  • Extruded plastic sections
  • Synthetic rubber product
  • Plastic floor, wall and ceiling coverings
  • Plastic floor tile and linoleum flooring
  • 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 construction
  • Domestic price of plastic and rubber products
  • Demand from mining
  • Real household discretionary income
  • Trade-weighted index
  • Demand from motor vehicle manufacturing

  • Current Performance
  • Downstream markets
  • Import competition
  • Profitability
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream markets
  • Profitability
  • Table: Plastic Flooring and Other Polymer Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic Flooring and Other Polymer Product Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Motor Vehicle Manufacturing
  • Household Appliance Manufacturing
  • Construction
  • Hardware Wholesaling

  • Key Selling Industries
  • Industrial and Agricultural Chemical Product Wholesaling
  • Industrial Machinery Manufacturing
  • Mining and Industrial Machinery Wholesaling
  • Synthetic Resin and Synthetic Rubber Manufacturing

  • Products & Services
  • Floor coverings
  • Other products
  • Plastic hoses and tubing
  • Synthetic rubber products
  • Plastic conveyor and other belts
  • Chart: Plastic Flooring and Other Polymer Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Construction industries
  • Other
  • Export markets
  • Hardware wholesalers
  • Manufacturing industries
  • Mining industries
  • Chart: Major Market Segmentation for the Plastic Flooring and Other Polymer 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 Plastic Flooring and Other Polymer Product Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plastic Flooring and Other Polymer Product Manufacturing Industry

  • Industry Globalization
    Fenner (Pacific) Pty Limited,
  • Table: Fenner (Pacific) Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic Flooring and Other Polymer 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 Plastic Flooring and Other Polymer 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)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Extrusion
  • A manufacturing process that uses compressive and shear stresses on hot or cold materials, such as polymer, to produce products of a desired shape.
  • Polymer
  • A large molecular compound used as an input in the manufacture of synthetic fibres such as plastic.
  • Pvc
  • Polyvinyl chloride is a thermoplastic polymer and a type of plastic commonly used to manufacture plastic blow moulded products.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Plastic Flooring and Other Polymer Product Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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 Plastic Flooring and Other Polymer 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 Plastic Flooring and Other Polymer 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 Plastic Flooring and Other Polymer 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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