London - The international rubber machinery market has grown by around 10 percent – based on data from machinery companies that supplied figures for the ERJ Machinery Survey both in 2015 and 2014.
Comparing the results for companies who replied both years the total sales recorded by the survey reached $3,585.1 million up 10.3 percent from the equivalent total of the previous year.
The grand total of 2014 sales from all survey respondents came to $3689.3 million, which was 13.1 percent higher than the prior-year grand total.
The robust year-on-year growth recorded sales suggests continued momentum in the market for, at least, most of 2014.
Negative market factors, such as the Ukraine crisis and its impact on sales on Russia and the US imposition of tariffs on tire imports from China, have, it seems, yet to bite fully. Marked declines in sales at several Chinese machinery companies could, however, be a sign of things to come.
On the other hand, China was identified as the most buoyant market - being listed, along with North America, by 48 percent of respondents as strongest growth regions for business in 2014.
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(Image source: Marangoni)