Industry Analysis & Industry Trends
Valves play a crucial role in the modern economy. They are used in taps, dishwashers, air conditioners and gas ovens as well as in the oil, gas, manufacturing, construction, energy and water industries. The United Kingdom accounts for a relatively small percentage of the global valve market, but has a significant role in some segments. International trade has a substantial influence on industry performance as exports account for a major share of revenue, while imports satisfy a large share of domestic demand. However, the value of imports and exports are artificially inflated by re-exports.
As domestic demand conditions strengthen during the year, the UK operations of tap and valve manufacturers are expected to generate revenue of £1.6 billion in 2015-16, an increase of 1.2%... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry displays a low level of concentration due to the diverse range of products it manufactures. In 2015-16, the industry's four largest firms are expected to account for 20.3% of industry revenue. However, concentration levels can vary considerably between product and market segmentation.
In 2014, 50% of firms operating in the industry employed fewer than 20 staff. Meanwhile, 14.7% of enterprises employed over 100 employees. This indicates that the industry has many small firms operating in the industry alongside some large operators. Despite this, larger players have market shares of less than 5%.
Concentration within the industry has increased in recent years, following the acquisition of smaller players by international players and industry exits... purchase to read more