The world's rubber machine upgrade peak will reach

(Here is an article we wanted to share with you from others, It is an industry consultation about our rubber and plastics market.)

European Rubber Journal (ERJ) Global Rubber Machinery Report. In addition to announcing the top 31 rankings, ERJ also conducted a survey on the procurement and expansion plans of rubber machinery manufacturers. According to the survey, 53% of rubber machinery manufacturers have expansion plans, and 32% of them are planning to upgrade their products. The world's rubber machinery manufacturers are generally optimistic about the market outlook, and the development of the industry has entered the fast lane. It is expected that the strong demand in the global market will continue for a long time, and the upgrading and expansion of the rubber machinery industry will usher in a peak period. The European Rubber Journal (ERJ) publishes the Global Rubber Machinery Report. In addition to announcing the top 31 rankings, ERJ also conducted a survey on the procurement and expansion plans of rubber machinery manufacturers. According to the survey, 53% of rubber machinery manufacturers have expansion plans, and 32% of them have product upgrade plans. The world's rubber machinery manufacturers are generally optimistic about the market outlook, and the development of the industry has entered the fast lane. It is expected that the strong demand in the global market will continue for a long time, and the upgrading and expansion of the rubber machinery industry will usher in a peak period.

This can only be seen in the ranking changes in the top 10. German HF Company (formerly Krupp Company) ranks first in the world for many years. Despite the acquisitions of Pominik in Italy and Farrell in the US, the total sales revenue of the rubber machinery business was only on par with the previous year. The sales revenue of Dutch VMI company increased by 33.3% year-on-year, ranking third. Two Chinese companies rank among the top five in the world, namely MESNAC and Yiyang Rubber & Plastic Machinery Group Co., Ltd. Germany's Berstorff's sales revenue increased by 60%, ranking sixth. Mitsubishi Heavy Industries, which ranked among the top three in previous years, continued to decline in sales, and its sales revenue fell by 1.9% to No. 7. Japan Nakata Engineering Co., Ltd.'s sales revenue increased by 12%, ranking eighth. It is worth mentioning that Larsenbolo's sales revenue in India increased by 31.4% to nearly 100 million US dollars, ranking ninth. This is the first time that Indian rubber machinery has entered the top ten. China Guangdong Rubber Machinery Factory ranked tenth.

The biggest increase in the ranking was Berstorff of Germany, which rose from the 15th place in the previous year to the 6th place; the biggest drop was Herbert Germany, which fell back to the 30th place from the 12th place in the previous year. Three new ranks have been added, Zeppelin in Germany, Wyko in the UK and Mapland in Austria. Among the top 31 rubber machinery manufacturers, there are 13 in China (including 1 in China), 8 in Germany, 3 in Japan, 2 in Italy, 1 in France, 1 in Austria, 1 in the Netherlands, and 1 in India. The top ten sales of rubber machinery in the UK accounted for 52.9% of the total sales of rubber machinery in the world, an increase of 1.5 percentage points over the previous year. Except for Mitsubishi Heavy Industries, sales revenue continued to grow. Since 2007, the scale of the rubber machinery industry has continued to advance, and the industry concentration has continued to increase. The number of companies with sales revenue exceeding US$200 million increased from 3 to 4 in the previous year; US companies with US$1 billion to US$200 million; 4 companies with US$50 million to US$100 million; sales revenue between US$830 million and US$50 million of 15 companies.

Southeast Asia fastest growing

From a regional perspective, the rubber machinery market in Southeast Asia has the fastest growth rate, reaching 31%, followed by China, accounting for 22%. China's rubber machinery market accounts for 27% of the global market share, ranking first in the world for seven consecutive years. China's tire industry has completed a total investment of 35.44 billion yuan, a year-on-year increase of 29.5%. The growth rate is 5 percentage points higher than the growth rate of fixed asset investment in the whole society; Southeast Asia is the main production area of natural rubber. With the high price of natural rubber in the world, the investment in rubber processing is growing rapidly. At the same time, multinational companies such as Bridgestone and Yokohama have also increased their investment in Southeast Asia; India's investment in tires has not decreased, and these have formed a strong demand for rubber machinery. However, a large part of the Indian rubber machinery market is occupied by Chinese manufacturers. China's exports to India are expected to account for more than 40 percent of total exports.