Industry Analysis & Industry Trends
In the five years to 2014, a revival in US industrial output and strong demand from downstream customers has helped increase the Hose and Belt Manufacturing industry's revenue. 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. 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. 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... purchase to read more
Industry Report - Industry Locations Chapter
The Hose and Belt Manufacturing industry is concentrated in the Southeast and Great Lakes, regions accounting for an estimated 56.5% of industry establishments. These same regions also comprise more than 45.0% of US manufacturing activity. Hose and belt manufacturers are located near important downstream automotive and manufacturing markets, in order to reduce shipping costs and fulfill product orders faster.
The Southeast region accounts for an estimated 35.1% of hose and belt manufacturing establishments. Accordingly, the Southeast is the second highest region in terms of US automobile manufacturers with Toyota maintaining a manufacturing presence in Alabama, Kentucky and West Virginia and Honda maintaining a automotive factory in Alabama... purchase to read more