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 Key Buyers Chapter
The Hose and Belt Manufacturing industry displays medium concentration, with the top three players accounting for more than 40.0% of industry revenue in 2014. During the recession, the industry experienced a contraction in the number of manufacturing firms, as small hose and belt enterprises struggled to stay in business. In the five years to 2014, the number of hose and belt manufacturers remained unchanged at 203 enterprises. A breakdown of industry companies by employment size indicates that 23.5% of industry establishments employ 100 or more workers.
Larger firms have been better situated during the past five years... purchase to read more