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

This industry is dependent on Canadian manufacturing activity and industrial output. Over the five years to 2019, falling shares of trade increased domestic demand, with industrial capacity utilization driving industry growth. Due to these factors, revenue is expected to increase during the period. Over the next five years, the industry is expected to experience a declining industrial sector. Industrial capacity utilization is expected to drop during the outlook period, hindering demand for conveyor belts as usage diminishes in periods of low production. This is expected to grow imports' share of domestic demand and drop exports' share of revenue, all while the Canadian dollar continues to appreciate...read more.

Industry Statistics & Market Size
Revenue
$769m
Annual Growth 14-19
8.2%
Forecast Growth 19-24
Profit
Employment
2,063
Businesses
52
Market Share of Companies

Industry Threats & Opportunities

  • The industry was negatively affected by a precipitous fall in rubber prices
  • The industrial capacity utilization in the United States also has an influence in the industry
  • With the continued appreciation the Canadian dollar, imports are expected to grow as a share of domestic demand
  • Industry Report - Industry Investment Chapter

    The Hose and Belt Manufacturing industry in Canada is characterized by a low level of capital intensity. In 2019, industry operators are expected to spend $0.08 on capital investments for every dollar spent on labour. Depreciation mainly relates to buildings and machinery used in the production process. Due to the specialized nature of the hose and belt products manufactured by this industry, most facilities have various short production lines that must be periodically retooled to manufacture different products. Nevertheless, industry manufacturers primarily convert plastic resin, petroleum-based monomers and natural rubber into belts and hoses through an extrusion process. To reduce fixed costs per unit of output, manufacturers use a high-volume mechanized production line...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 effective exchange rate index and Demand from car and automobile manufacturing 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 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 effective exchange rate index
  • Demand from car and automobile manufacturing
  • Industrial capacity utilization
  • World price of rubber
  • Per capita disposable income

  • Current Performance
  • Rising domestic demand
  • Falling trade shares
  • 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
    Gates Corporation,
  • Table: 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Canadian-dollar effective exchange rate index (2010-2024)

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

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