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 Locations Chapter
The Hose and Belt Manufacturing industry is concentrated in the Southeast and Great Lakes regions, which together account for just under 52.0% 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, to reduce shipping costs and fulfill product orders faster.
The Southeast region accounts for an estimated 30.2% of industry 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 an automotive factory in Alabama... purchase to read more