Industry Analysis & Industry Trends
The Hose and Belt Manufacturing industry sells belts for conveyers and fluid transfer hoses used by heavy-industry operators, such as miners and manufacturers, as parts for equipment. From 2010 onward, a revival in US manufacturing and strong revenue growth from key customers, including auto manufacturers and oil and natural gas exploration and production (E&P) companies, aided industry revenue growth. In the coming years. continued improvement in downstream markets, especially the on-and-off highway vehicle manufacturing and replacement markets, will lead to higher demand for industry products... 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 account 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 an automotive factory in Alabama... purchase to read more