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.
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. And China was the largest country accounting for $20.59 billion or 19.42% of the global hoses and belting manufacturing market.
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.
Companies Covered: Eaton, Gates Corporation, Hutchinson SA, Continental AG, Sumitomo Riko Co. Ltd.
Market Segments Included: Rubber Hoses; Rubber Belts
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