Industry Analysis & Industry Trends
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... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Hose and Belt Manufacturing industry displays a low-to-medium concentration, with the top three players accounting for 37.4% of industry revenue in 2016. In the five years to 2016, the number of industry establishments declined at an average annual rate of 0.8%. The decline in industry operators is partly due to increased mergers and acquisitions during this period. Moreover, a breakdown of industry companies by employment size indicates that 21.1% of industry establishments employ 100 or more workers.
Larger companies have been better situated over the past five years... purchase to read more