Pipe dream: Declining input costs have lowered product prices, hurting industry revenue

The Hose and Belt Manufacturing industry is dependent on US manufacturing activity and industrial output, as well as several key markets. One key market for this industry is the automotive sector, which purchases vehicle hoses and transmission belts for automobile manufacturing and automobile repair. Industry operators are also dependent on other original equipment manufacturers, including manufacturers of agricultural, construction, mining and other machinery and equipment. Additionally, this industry also relies on the oil and natural gas exploration and production market (E&P), which purchases belts and fluid-transfer hoses. Given the commoditization of the industry's products, declining input costs have adversely influenced industry revenue over the five-year period...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • The industry has been adversely affected by 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 lower industry demand
  • Industry Report - Industry Investment Chapter

    The Hose and Belt Manufacturing industry has exhibited a low level of capital intensity over the five-year period. For every dollar spent on labor, the industry is expected to spend $0.10 on capital. Industry manufacturers convert plastic resin and natural rubber into belts and hoses through an extrusion process. Manufacturers use a high-volume mechanized production line to reduce fixed costs per unit of output. However, wage costs are anticipated to rise over the five-year period, to account for 16.9% of total industry revenue in 2018. This upward trend has been driven by rising industry demand for skilled labor with specialized knowledge. Thi...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
  • 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
  • Profit
  • Purchases
  • Wages
  • Other 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, Continental AG,
  • Table: Gates Corporation - financial performance
  • Table: Eaton Corporation PLC - financial performance
  • Table: Continental AG - 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Industrial production index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • 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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