The rubber machinery market in China is expected to reach US$4.07 billion on 2017, according to Global and China Rubber Machinery Industry Report, 2014-2017 by Sino Market Insight.
The rubber machinery industry in China showed a strong rebound in 2013, with the revenue for the year hitting US$2.3 billion, up 36.5% from a year earlier. The revenue accounted for 48.6% of the global total, rising 8.2 percentage points compared with 2012.
With the rapid growth in the production and total ownership of automobiles in China, the tyre market will present a rapid development, giving revenue to the rubber machinery industry in China.
The global leading tire manufacturers will also speed up the establishment of factories in China, which would drive the demand for tyre exports, thereby further expanding the market demand for the rubber machinery in China.
In 2013, the top five rubber machinery enterprises in China by the revenue from rubber machinery business were respectively MESNAC, Dalian Rubber & Plastics Machinery, Yiyang Rubber & Plastics Machinery Group, Tianjin Saixiang Technology and Guilin Rubber Machinery.
Among the top 5, however, Yiyang Rubber & Plastics Machinery Group and Guilin Rubber Machinery are the subsidiaries of China National Chemical Equipment Corp.(CNCE), which also holds Fujian Sino-Rubber Machinery Co., Ltd., a third subsidiary specializing in rubber machinery business.