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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 | May 2016

Belting out: Continued improvement in downstream markets will lead to higher demand

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
$5bn
Annual Growth 11-16
0.2%
Annual Growth 16-21
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Profit
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Employment
19,309
Businesses
179
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

 


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

Industry Products
Flat rubber and plastic beltsHoses and transmission belts for transportation equipmentIndustrial rubber and plastic hosesRubber and plastic hoses
 
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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