Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<h2>Overview</h2><p>The industry’s production value declined in 2016, largely due to shrinking production output of tyres and other rubber products. Production of the aforementioned products declined due to weak demand for rubber products from automotive producers. In 2016 automotive manufacturers continued to outsource their production abroad, resulting in shrinking car production volumes in Japan and consequently weak OEM demand for tyres. To add, shrinking car production and hybridisation of cars eroded demand and production of rubber transmission belts.</p><p>Production of tyres and other rubber parts is forecast to stagnate over 2016-2021. Weak domestic demand and automotive production outsourcing are set to hinder the rubber products industry’s performance. Furthermore, Japanese tyre manufacturers increasingly invest into production facilities in rapidly growing Asian and American markets, thus tyre production volumes in Japan are likely to stagnate.</p><p>After a weak 2015 the construction industry’s spending on rubber products expanded in 2016. The increase was thanks to the rise in residential housing construction in 2016, infused by Japan’s Central Bank’s loose monetary policy and low interest rates on mortgages.</p><p>The construction industry is forecast to provide a temporary demand boost for rubber piping, hoses, roofing and similar materials by 2020, as Japan prepares for the Tokyo Olympics. In total, JPY10 trillion is set to be invested into sporting, transportation and hotel infrastructure, with most of the gains expected over the period of 2017-2018.</p>

OverviewThe industry’s production value declined in 2016, largely due to shrinking production output of tyres and other rubber products. Production of the aforementioned products declined due to weak demand for rubber products from automotive producers. In 2016 automotive manufacturers continued to outsource their production abroad, resulting in shrinking car production volumes in Japan and consequently weak OEM demand for tyres. To add, shrinking car production and hybridisation of cars eroded demand and production of rubber transmission belts.Production of tyres and other rubber parts is forecast to stagnate over 2016-2021. Weak domestic demand and automotive production outsourcing are set to hinder the rubber products industry’s performance. Furthermore, Japanese tyre manufacturers increasingly invest into production facilities in rapidly growing Asian and American markets, thus tyre production volumes in Japan are likely to stagnate.After a weak 2015 the construction industry’s spending on rubber products expanded in 2016. The increase was thanks to the rise in residential housing construction in 2016, infused by Japan’s Central Bank’s loose monetary policy and low interest rates on mortgages.The construction industry is forecast to provide a temporary demand boost for rubber piping, hoses, roofing and similar materials by 2020, as Japan prepares for the Tokyo Olympics. In total, JPY10 trillion is set to be invested into sporting, transportation and hotel infrastructure, with most of the gains expected over the period of 2017-2018.

Industrial Capsule: Rubber Products in Japan

Japan

Sumitomo Riko Company Limited produces rubber and other synthetic resin products.  The Company supplies automakers with its main rubber products, such as anti-vibration rubber and hoses for automobiles.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Sumitomo Riko Company (5191 JP)

Industrial Capsule: Rubber Products in Japan

OverviewThe industry’s production value declined in 2016, largely due to shrinking production output of tyres and other rubber products. Production...

Euromonitor International Ltd.

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)