The hoses and belting manufacturing industry comprises establishments primarily engaged in manufacturing rubber hose and/or plastics (reinforced) hose and belting from natural and synthetic rubber and/or plastics resins. The industry manufactures products such as automotive v-belts, hydraulic hoses and belts for conveyers.
Hoses and Belting Manufacturing Global Market Size
The global hoses and belting manufacturing market was valued at $106 billion in 2017. Asia Pacific was the largest geographic region accounting for $51.45 billion or 48.54% of the global market. China was the largest country accounting for $20.59 billion or 19.42% of the global hoses and belting manufacturing market.
Hoses and Belting Manufacturing Global Market Trend
The hoses and belting manufacturing companies are collecting, processing and measuring data to improve process efficiency and productivity. Technologies include electronic devices that connect through internet and display process information on dashboards. Predictive maintenance technology predicts snags and defects and thus significantly reduces downtime and costs. Plastic and rubber manufacturing companies are integrating big data and, IoT technologies for preventive maintenance.
The companies covered are Eaton, Gates Corporation, Hutchinson SA, Continental AG, and Sumitomo Riko Co., Ltd.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Hoses and Belting Manufacturing Global Market Segmentation
The hoses and belting manufacturing market is segmented into Rubber Hoses; Rubber Belts.
Rubber Hoses segment includes companies primarily engaged in producing rubber hoses synthetic and natural rubber, which are used for industrial and domestic purposes.
Rubber Belts segment includes companies primarily engaged in producing rubber belts synthetic and natural rubber, which are used for industrial and domestic purposes.