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 SWOT Analysis Chapter
The Hose and Belt Manufacturing industry is in the mature stage of its life cycle. Over the 10 years to 2019, industry value added (IVA), or the industry's contribution to the overall economy, is forecast to increase by 3.2% annually. In contrast, GDP is expected to grow at 2.5% per year in the same period. Normally, greater IVA growth compared to the overall economy is an indicator of an expanding industry. However, other factors indicate this industry's maturity.
The industry has stable and clearly segmented product groups and buyers of this industry's products predominantly come from defined markets, which includes the automotive market and other downstream manufacturers... purchase to read more