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Belted out: Due to low new car sales and oil production, industry revenue is declining
Hose & Belt Manufacturing in the US
The Hose and Belt Manufacturing industry produces a range of products, such as automotive v-belts, hydraulic hoses and belts for conveyers, which it then sells to on-and-off highway vehicle makers, other manufacturers and heavy-industry enterprises, like mining and oil and gas companies.
Consequently, this industry is dependent on US manufacturing activity and industrial output, as well as several key markets. Given the commoditization of the industry's products, declining input costs have adversely influenced industry revenue over the five-year period. In response to strong declines in the prices of rubber and plastic resin, the industry's primary inputs, industry operators were forced to pass along these price declines to consumers in the form of lower selling prices.
As a result, industry revenue is anticipated to fall over the five-year period. Over the next five-year period, the rebounding oil and gas E&P industry, steady US industrial production growth and rising input commodity prices are expected to drive up industry revenue.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 manufacturing 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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