As with numerous manufacturing industries in high labour cost countries such as Australia, the Sponge, Hoses, Belts and Other Rubber Product Manufacturing industry is facing stiff competition from imports on the back of the strong Australian dollar. Local manufacturers are finding it increasingly difficult to compete on prices, much to the detriment of the industry. In addition to this, demand from major markets such as the Australian motor vehicle manufacturing industry is stagnant and is therefore unable to offer much respite. Overall, industry revenue will decline by 3.1% per annum over the five years through 2011-12.
This industry manufactures a wide variety of products made from natural or synthetic rubber that are not elsewhere classified. Products manufactured range from mattresses and floor coverings, to hot water bottles and rubber gloves.
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.