The Plastic Part Manufacturing industry has expanded strongly in recent years due to increasing demand from major downstream industries such as automobile manufacturing (IBISWorld industry report 3721), computer manufacturing (4041), and household product manufacturing (3951). However, with new firms entering the industry at a high rate (5.5% per year), competition has been intensified, leading to lowered prices and profits.
In 2014, industry revenue is expected to grow 9.5% from 2013 to total $30.9 billion. Over the past five years, revenue has been growing at an annualized rate of 12.3%, largely due to strong growth in the domestic economy.
The Plastic Parts Manufacturing industry in China consists of companies mainly engaged in the manufacturing of plastic parts that are final products, or intermediate inputs of other goods. These plastic parts include sealing elements, insulating parts, furniture parts, motor vehicle parts, electric product parts, lighting equipment parts, and other miscellaneous plastic parts.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.