Belted out: Due to low new car sales and oil production, industry revenue is declining

The Hose and Belt Manufacturing industry produces a range of products, such as automotive v-belts, hydraulic hoses and belts for conveyers, which it then sells to on-and-off highway vehicle makers, other manufacturers and heavy-industry enterprises, like mining and oil and gas companies. Consequently, this industry is dependent on US manufacturing activity and industrial output, as well as several key markets. Given the commoditization of the industry's products, declining input costs have adversely influenced industry revenue over the five-year period. In response to strong declines in the prices of rubber and plastic resin, the industry's primary inputs, industry operators were forced to pass along these price declines to consumers in the form of lower selling prices...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Threats & Opportunities

  • The industry has been adversely impacted by slowing new car sales and a contracting oil and natural gas market
  • Declining input costs are expected to drive industry profit margin growth
  • A projected rise in short-term interest rates will dampen new auto sales, leading to less industry demand
  • Industry Report - Industry Key Buyers Chapter

    The Hose and Belt Manufacturing industry displays a low concentration, with the top three players accounting for an estimated 32.7% of industry revenue in 2017. Over the five years to 2017, the number of industry establishments are expected to rise marginally at an average annual rate of 0.1%. The sluggish growth industry operators is partly due to increased mergers and acquisitions during this period. Moreover, a breakdown of industry companies by employment size indicates that 21.1% of industry establishments employ 100 or more workers.Larger companies have been better situated over the past five years. Larger manufacturers benefit from economies of scale and are able to lower their per unit purchasing costs by buying raw materials in bulk. The...purchase to read more.

    Additional Insights for the Hose & Belt Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hose & Belt Manufacturing Industry are

  • Supply contracts in place for key inputs
  • Must comply with required product standards
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Industrial production index and New car sales in the Hose & Belt Manufacturing industry impact industry performance..

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    What's in this report

    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 manufacturing market. The industry includes the manufacturing of plastic tubing, rubber tubing and fluid power hose assemblies.

    Industry Products
  • Flat rubber and plastic belts
  • Hoses and transmission belts for transportation equipment
  • Industrial rubber and plastic hoses
  • Rubber and plastic hoses
  • Industry Activities
  • Rubber or plastic garden hose
  • Rubber or plastic hydraulic hose (without fittings)
  • Rubber or plastic motor vehicle belt
  • Rubber or plastic motor vehicle hose
  • Rubber or plastic pneumatic hose (without fittings)
  • Rubber or plastic radiator and heater hose
  • Rubber or plastic transmission, fan and timing belt
  • Rubber or plastic vacuum cleaner belt
  • Rubber or plastic v-belt
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • New car sales
  • Trade-weighted index
  • World price of rubber
  • Price of plastic materials and resin

  • Current Performance
  • Downstream demand
  • The importance of trade
  • Profit
  • Industry composition
  • Chart: Revenue Growth

  • Industry Outlook
  • Global export growth
  • Costs and profit
  • Table: Hose & Belt Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hose & Belt Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Tractors & Agricultural Machinery Manufacturing
  • Construction Machinery Manufacturing
  • Mining, Oil & Gas Machinery Manufacturing
  • Engine & Turbine Manufacturing
  • Pump & Compressor Manufacturing
  • Power Tools & Other General Purpose Machinery Manufacturing
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Automobile Brakes Manufacturing
  • Automobile Transmission Manufacturing

  • Key Selling Industries
  • Industrial Machinery & Equipment Wholesaling
  • Plastic & Resin Manufacturing
  • Plastics & Rubber Machinery Manufacturing
  • Rubber Product Manufacturing

  • Products & Services
  • Hoses and transmission belts for transportation equipment
  • Flat rubber and plastic belts
  • Industrial rubber and plastic hoses
  • Other
  • Rubber and plastic hoses
  • Chart: Hose & Belt Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Automotive Aftermarket
  • Industrial Replacement
  • Automotive OEM
  • Industrial OEM
  • Chart: Major Market Segmentation for the Hose & Belt Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Hose & Belt Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hose & Belt Manufacturing Industry

  • Industry Globalization
    Gates Corporation, Eaton Corporation PLC,
  • Table: Gates Corporation - financial performance
  • Table: Eaton Corporation PLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hose & Belt Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Hose & Belt Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Industrial production index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • The demand for auto parts and accessories after the sale of a vehicle has occurred.
  • Economies Of Scale
  • An economic concept that refers to reductions in unit cost as the size of a facility and the usage levels of other inputs increase.
  • Original Equipment Manufacturers (Oems)
  • Companies that manufacture products or components that are purchased by a company and retailed under the purchasing company's brand name.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Hose & Belt Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Hose & Belt Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hose & Belt Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hose & Belt Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hose & Belt Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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