Buckle down: Import competition will force operators to rely on rising downstream demand

This industry is dependent on Canadian manufacturing activity and industrial output. Moreover, the industry is characterized by a high level of trade. Over the five years to 2017, slow domestic demand growth, a widening trade deficit and volatile rubber prices facilitated a sharp contraction in the Hose and Belt Manufacturing industry. Over the next five years, these negative trends are expected to diminish. Tepid anticipated Canadian manufacturing growth, most notably from automotive manufacturers, in addition to increasing industrial activity in the energy and mining sector will spur demand for hoses and belts...read more.

Industry Statistics & Market Size
Revenue
$500m
Annual Growth 12-17
-3.2%
Forecast Growth 17-22
Profit
Employment
1,650
Businesses
64
Market Share of Companies

Industry Threats & Opportunities

  • Negative economic trends of the past five years will diminish, despite rising import competition
  • Multinational players increased US production, posing a threat to domestic operations
  • Despite declining revenue, the number of companies slightly increased
  • Industry Report - Industry Analysis Chapter

    The Hose and Belt Manufacturing industry in Canada sells belts for conveyers and hoses for fluid power systems used by heavy-equipment operators, such as miners and manufacturers. Additionally, the industry produces belts and hoses used in vehicles. Industry products are normally found in vehicle heating and cooling systems, as well as brake-line and transmission systems. As a result, the industry is dependent on Canadian manufacturing activity and industrial output, especially from key downstream markets, such as the automotive, oil, mining and energy sectors...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
  • Ability to quickly adopt new technology
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Canadian-dollar effective exchange rate index and Demand from car and automobile manufacturing in the Hose & Belt Manufacturing industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

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

    Industry Products
  • Flat rubber and plastic belts
  • Hoses and transmission belts for on-and-off highway vehicles
  • Industrial rubber and plastic hoses without fittings
  • Rubber and plastic garden, fire, irrigation and water hoses
  • Other, including pneumatic and hydraulic hoses and inner tubes
  • Industry Activities
  • Rubber or plastic garden hose
  • Rubber or plastic automobile belt
  • Rubber or plastic automobile hose
  • Rubber or plastic radiator and heater hose
  • Rubber or plastic transmission, fan and timing belt
  • Rubber or plastic vacuum cleaner belt
  • Rubber or plastic pneumatic hose (without fittings)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian-dollar effective exchange rate index
  • Demand from car and automobile manufacturing
  • Industrial capacity utilization
  • World price of rubber
  • Per capita disposable income

  • Current Performance
  • Falling domestic demand
  • Trade deficit widens
  • Industry composition
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream markets
  • Trade
  • Industry profit and structure
  • 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 in Canada
  • Construction Machinery Manufacturing in Canada
  • Mining, Oil & Gas Machinery Manufacturing in Canada
  • Pump & Compressor Manufacturing in Canada
  • Car & Automobile Manufacturing in Canada
  • SUV & Light Truck Manufacturing in Canada

  • Key Selling Industries
  • Plastic & Resin Manufacturing in Canada
  • Plastics & Rubber Machinery Manufacturing in Canada
  • Rubber Product Manufacturing in Canada

  • Products & Services
  • Hoses and transmission belts for on-and-off highway vehicles
  • Flat rubber and plastic belts
  • Industrial rubber and plastic hoses without fittings
  • Other, including pneumatic and hydraulic hoses and inner tubes
  • Rubber and plastic garden, fire, irrigation and water hoses
  • Chart: Hose & Belt Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Other OEMs, industrial and natural resources market
  • Automotive replacement
  • Automotive first-fit
  • 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
    The Gates Corporation,
  • Table: The Gates Corporation - 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
    Includes:
  • 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)
  • Canadian-dollar effective exchange rate index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aftermarket
  • 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?

    The Hose & Belt Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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.

    Contact Us

    Want to speak to a representative? Call us.

    clear