Hose & Belt Manufacturing in Canada
This industry is dependent on Canadian manufacturing activity and industrial output. Moreover, the industry is characterized by a high level of trade. Over the five years to 2017, slow domestic demand growth, a widening trade deficit and volatile rubber prices facilitated a sharp contraction in the Hose and Belt Manufacturing industry. Over the next five years, these negative trends are expected to diminish. Tepid anticipated Canadian manufacturing growth, most notably from automotive manufacturers, in addition to increasing industrial activity in the energy and mining sector will spur demand for hoses and belts.
Companies in this industry manufacture a range of plastic and rubber hoses and belts, including garden hoses. These products are then sold to manufacturers, coal, oil and gas industries and the automotive market. The industry includes manufacturing of plastic tubing, rubber tubing and fluid power hose assemblies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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