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 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 2015. In the five years to 2015, the number of hose and belt manufacturers declined marginally at an average annual rate of 0.5%. The decline in industry operators is partly due to increased mergers and acquisitions during this period. Moreover, a breakdown of industry companies by employment size indicates that 23.5% of industry establishments employ 100 or more workers.
Larger companies have been better situated during the past five years... purchase to read more