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Hose & Belt Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hose & Belt Manufacturing Market Research Report | NAICS 32622 | Aug 2014

Belting out: Rising motor vehicle production will boost demand for relevant parts

IBISWorld’s Hose & Belt Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 09-14
7.6%
Annual Growth 14-19
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Profit
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Employment
16,061
Businesses
203
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 Investment Chapter

The Hose and Belt Manufacturing industry has a low level of capital intensity. For every dollar spent on labor, the industry spends $0.12 on capital. Industry manufacturers convert plastic resin and natural rubber into belts and hoses through an extrusion process. To reduce fixed costs per unit of output, manufacturers use a high-volume mechanized production line. Consequently, wage costs as a percent of industry revenue declined from 17.6% in 2009 to 13.8% in 2014.

Depreciation mainly relates to buildings and machinery used in the production process. Because of the specialized nature of the hose and belt products manufactured by this industry, most facilities have a number of short production lines that must be periodically retooled to manufacture different products... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hose & Belt Manufacturing Industry?

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 manufacturing of plastic tubing, rubber tubing and fluid power hose assemblies.

Industry Products
Flat rubber and plastic beltsHoses for on-and-off highway vehiclesIndustrial rubber and plastic hoses (without fittings)Motor vehicle rubber and plastics transmission beltsPneumatic and hydraulic inner tube hoses (without fittings)Rubber and plastic garden hoses (with or without fittings)Rubber and plastic water hoses and belts
 
Industry Activities
Rubber or plastic garden hoseRubber or plastic hydraulic hose (without fittings)Rubber or plastic motor vehicle beltRubber or plastic motor vehicle hoseRubber or plastic pneumatic hose (without fittings)Rubber or plastic radiator and heater hoseRubber or plastic transmission, fan and timing beltRubber or plastic vacuum cleaner beltRubber or plastic V-belt


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