Aug 11, 2017   SOURCE: PR NewsWire

US Hose & Belt Demand to Reach $6.8 Billion in 2021

CLEVELAND, Aug. 11, 2017 /PRNewswire/ -- US hose and belt demand is forecast to reach $6.8 billion in 2021, according to Hoses & Belts: United States, a report recently released by Freedonia Focus Reports. Rising transportation equipment output will spur demand for products such as vehicular hoses and power transmission belts. Domestic oil and gas production is also expected to increase through 2021, which will benefit suppliers of related hoses.

US hose and belt shipments are projected to rise through 2021, driven by increases in domestic demand, as well as expanding exports to key destinations such as Mexico. Growth in shipments will also be supported by the construction and expansion of domestic manufacturing facilities. However, rising import penetration from manufacturers in countries such as China and Mexico will limit faster growth in US hose and belt shipments.

These and other key insights are featured in Hoses & Belts: United States. This report forecasts to 2021 US hose and belt demand and shipments in US dollars at the manufacturers' level. Total demand is segmented by product in terms of:

    --  vehicular hose
    --  industrial hose
    --  fluid power hose
    --  air and water hose
    --  flat belts
    --  nonflat belts

Hoses and belts may be constructed from rubber and plastic. Hose fittings are excluded from the scope of this report. Re-exports of hoses and belts are excluded from demand figures.

To illustrate historical trends, total demand, shipments, the various segments, and trade are provided in annual series from 2006 to 2016.

More information about the report is available at
https://www.freedoniafocusreports.com/pub/11035010.html

About Freedonia Focus Reports
Each month, The Freedonia Group - a division of MarketResearch.com - publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Materials & Chemicals reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

    --  total historical market size and industry output
    --  segmentation by products and markets
    --  identification of market drivers, constraints, and key indicators
    --  segment-by-segment outlook in five-year forecasts
    --  a survey of the supply base
    --  suggested resources for further study.

Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com

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SOURCE The Freedonia Group