$6.7bn
$XXX.Xm
18,639
189
$X.Xbn
The hose and belt manufacturing industry produces various products, including automotive V-belts, hydraulic hoses and belts for conveyors. Transportation, automotive and general industrial manufacturers, alongside oil, gas and food service industries, are extremely common buyers of hoses and belts. In general, the industry has exhibited solid post-pandemic growth. Rebounding industrial production, robust vehicle sales and recovering consumer markets have offset uncertainty and elevated interest rates, leading to steady growth. Overall, revenue has expanded at an expected CAGR of 0.7% to $6.7 billion through the current period, including a 0.4% increase in 2024, where profit reached 7.7%.
Industry revenue has grown at a CAGR of 0.7 % over the past five years, to reach an estimated $6.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Gates Industrial Corporation Plc | 1,468.2 | 161.6 | 11.0 | |
Eaton Corporation Plc | 505.7 | 65.3 | 12.9 | |
Continental Ag | 326.6 | 54.2 | 16.6 |
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Hose & Belt Manufacturing in the US
Industry revenue is measured across several distinct product and services lines, including Flat rubber and plastic belts, Hoses and transmission belts for transportation equipment and Industrial rubber and plastic hoses. Flat rubber and plastic belts is the largest segment of the Hose & Belt Manufacturing in the US.
The vehicle hoses and belts segment shrinks as new car sales slump
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.
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NAICS 32622 - Hose & Belt Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Domestic hose and belt manufacturers have faced pressure from foreign manufacturers. Many domestic producers have prioritized specialized custom-built products and other mark...
Learn about an industry's products and services, markets and trends in international trade.
The vehicle hoses and belts product segment relies on new car sales and vehicle repair trends. Strong driving activity following the pandemic has given this segment more room...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Manufacturers primarily operate near major downstream automotive and industrial manufacturers. This practice reduces shipping costs and helps hose and belt manufacturers fulf...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Manufacturers compete on price, quality and performance. Manufacturers that produce high-quality products can create successful market niches, even as producers face increase...
Learn about the performance of the top companies in the industry.
Leading hose and belt manufacturers seek to expand operations to increase manufacturing capabilities. Many companies target niche competitors or outsource production to reduc...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Manufacturers must comply with regulations regarding the working pressure of hoses. Companies must also follow various environmental, product standard and workplace safety re...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Rising input costs have pressured bottom lines for many hose and belt manufacturers. Leading producers have managed to pass costs onto buyers and leverage strong demand to ex...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Hose & Belt Manufacturing in the US industry in United States is $6.7bn in 2024.
There are 189 businesses in the Hose & Belt Manufacturing in the US industry in United States, which has grown at a CAGR of 0.3 % between 2019 and 2024.
The market size of the Hose & Belt Manufacturing in the US industry in United States has been growing at a CAGR of 0.7 % between 2019 and 2024.
Over the next five years, the Hose & Belt Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Hose & Belt Manufacturing market in United States are Gates Industrial Corporation Plc, Eaton Corporation Plc and Continental Ag
Rubber or plastic garden hose manufacturing and Rubber or plastic hydraulic hose (without fittings) manufacturing are part of the Hose & Belt Manufacturing in the US industry.
The company holding the most market share in United States is Gates Industrial Corporation Plc.
The level of competition is moderate and steady in the Hose & Belt Manufacturing in the US industry in United States.