Eaton is one of the largest companies in the hoses and belting manufacturing market. Eaton Corporation Inc is an American multinational power management company with 2018 sales of around $21 billion, founded in the United States with corporate headquarters in Dublin, Ireland, and operational headquarters in Beachwood, Ohio.
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 conveyors.
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The global hoses and belting manufacturing market was valued at around $106 billion in 2017. Asia Pacific was the largest geographic region accounting for around 48% of the global market. China was the largest country accounting for around 19% of the global hoses and belting manufacturing market.
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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 countries covered in the hoses and belting manufacturing market report are the USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India, and rest of the world.
The companies covered are Eaton, Gates Corporation, Hutchinson SA, Continental AG, and Sumitomo Riko Co., Ltd.
The paper, plastics, rubber, wood and textile machinery manufacturing market, of which the hoses and belting manufacturing market is a segment, includes sales of paper, plastics, rubber, wood and textile machinery manufacturing products by entities (organizations, sole traders and partnerships) that produce paper, rubber, plastic, wood and textile machinery manufacturing products.
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The hoses and belting manufacturing market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast growth by geography. It places the market within the context of the wider paper, plastics, rubber, wood and textile machinery manufacturing market and compares it with other markets.