The Hose and Belt Manufacturing industry sells belts for conveyers and fluid transfer hoses used by heavy-industry operators, such as miners and manufacturers, as parts for equipment. From 2010 onward, a revival in US manufacturing and strong revenue growth from key customers, including auto manufacturers and oil and natural gas exploration and production (E&P) companies, aided industry revenue growth. In the coming years. continued improvement in downstream markets, especially the on-and-off highway vehicle manufacturing and replacement markets, will lead to higher demand for industry products.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.