Hose & Belt Manufacturing in Canada - Industry Market Research Report

Hose & Belt Manufacturing in Canada - Industry Market Research Report

  • March 2020 •
  • 31 pages •
  • Report ID: 4564552 •
  • Format: PDF
Buckle down: An appreciating Canadian dollar is expected to hinder export growth

Abstract

Hose & Belt Manufacturing in Canada
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.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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