Hose & Belt Manufacturing in the US
The Hose and Belt Manufacturing industry is dependent on US manufacturing activity and industrial output, as well as several key markets, such as the automotive sector, as well as manufacturers of agricultural, construction, mining and other machinery and equipment. Over the five years to 2016, steady demand from downstream automobile manufacturing markets has helped generate modest industry revenue. However, during the latter half of the period, demand for industry products fell in response to a weakening oil and gas industry and a slowing in US industrial output. The decline in demand made the industry revenue more susceptible to declining rubber input prices. Over the five years to 2021, a stable automotive industry, a rebounding oil and gas industry and steady US economic output, will lead to consistent demand for industry products. As a result, indsutry revenue is expected to increase.
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 the 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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