The global rubber extruder market size is expected to reach US$ 4,021.5 Million by 2032. The rubber extruder market is growing rapidly. As per FMI analysts, the global rubber extruder market is estimated to be valued at US$ 2,399.5 Million in 2022 and is projected to increase at a CAGR of 5.3% during the forecast period.
The rubber extruder market is expected to gain traction during the forecast period due to significant drivers such as the introduction of new and novel rubber products.
Several other factors are expected to boost demand for rubber extruders, such as the growing automotive manufacturing industry in emerging and developed regions, as well as growing consumer awareness about comfort in the overall rubber extruder industry. In the automotive industry, providing fuel-efficient and high-performance vehicles is a key consumer demand that manufacturers can meet with innovative rubber products.
There is an expected increase in demand for rubber extruders from both the automotive and construction industries over the forecast period. As a result of the growing population around the world along with growing infrastructure spending, there is an expected increase in industry growth.
With a market share of 26.0% in Europe, countries such as Germany and Russia are predicted to grow during the forecast period. Stringent emission regulations are causing rubber products to become more prevalent in interior floor coverings in all types of vehicles.
The North American market with a market share of 22.0% and the Middle East market with a market share of 19.5% have lavish lifestyles and a higher standard of living, resulting in the growing use of rubber products in several industries such as automotive and footwear, which will drive the sales of rubber extruders in global markets.
Key Players:
- G. Engineering Works
- KraussMaffei Berstorff
- SANTOSH RUBBER MACHINERY PVT. LTD.
- Barwell Global Ltd.
- Alchemy Engineers
- Slach Hydratecs Equipment Pvt Ltd.
- TROESTER GmbH & Co. KG
- Well Shyang Machinery (WSM)
- Zenith Worldwide
- MITSUBA MFG. CO., LTD.
- DEGUMA-SCHÜTZ GmbH
