Hose & Belt Manufacturing in the US Industry Market Research Report from IBISWorld Has Been Updated

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Continued improvement in downstream markets, especially US oil and gas E&P, will lead to higher demand for industry products. For this reason, industry research firm IBISWorld has updated a report on the Hose & Belt Manufacturing industry in its growing industry report collection.

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Increased demand from a rejuvenated automotive sector has spurred revenue growth

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 other manufacturers or heavy-industry operators, like mining companies. According to IBISWorld Industry Analyst Stephen Morea, “this industry is dependent on US manufacturing activity and industrial output and is dependent on two key markets.” The first is the oil and natural gas exploration and production market (E&P), which purchases belts and fluid-transfer hoses, and the second is the automotive sector, which purchases vehicle hoses and transmission belts for auto-manufacturing and auto-repair. In the five years to 2014, a revival in US industrial output and strong demand from downstream customers has helped increase industry.

Much of this growth, however, is the result of the industry rebounding from sharp recessionary lows, as high unemployment and falling consumer spending led to fewer factory orders and a striking slowdown in the automobile industry, as two key buyers of industry products, GM and Chrysler, filed for bankruptcy in 2009. Nevertheless, industry revenue has rebounded dramatically starting in 2010, spurred by an increase in new car sales, greater oil and natural gas E&P spending and higher demand from automotive and construction operators in developing countries, which increased hose and belt exports. In 2014, higher industrial output and strong domestic demand from original equipment manufacturers is expected increase industry revenue.

“In the five years to 2019, continued improvement in downstream markets, especially US oil and gas E&P, will lead to higher demand for industry products,” says Morea. Additionally, increased automotive demand from emerging economies will help industry exports. However, anticipated slight price pressures from inputs such as plastic and rubber may temper industry growth. As a result, revenue in the Hose and Belt Manufacturing industry is expected to increase in the five years to 2019.

For more information, visit IBISWorld’s Hose & Belt Manufacturing in the US industry report page.

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IBISWorld industry Report Key Topics

The Hose & Belt Manufacturing industry manufactures 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.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
IBISWorld Inc.
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