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 conditions strengthen during the year, the UK operations of tap and valve manufacturers are expected to generate revenue of £1.4 billion in 2014-15, an increase of 2.8%... purchase to read more
Industry Report - Industry Analysis Chapter
The UK Tap and Valve Manufacturing industry is relatively small. The global market for industrial valves is worth about US$55 billion (£32.5 billion). The UK industry is a producer of niche and highly engineered products, with export markets accounting for the bulk of sales. In 2014-15, the industry is forecast to generate revenue of £1.4 billion, a 2.8% increase on the previous year, as economic conditions improve during the year and increase downstream demand.
Industry revenue is expected to increase at a compound annual rate of 0.8% over the five years through 2014-15. Over the period, domestic demand has remained subdued due to weak economic conditions while import penetration has increased despite a weaker pound, hampering industry performance further... purchase to read more