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 SWOT Analysis Chapter
The industry has entered the decline stage of its life cycle as it faces intense competition from imports. Exports, which propelled the industry during the past five years, is also anticipated to come under pressure during the coming period and result in industry operators losing global market share.
Industry value added (IVA) is expected to increase at a compound annual rate of 3% over the 10 years through 2020-21, while the overall economy is expected to increase at a compound annual rate of 2.1% over the same period. Although this indicates that the industry will grow at a slightly faster pace when compared with the overall economy, the industry is not in the mature stage of its life cycle. Instead, this is mainly due to the base year's IVA figure being considerably depressed... purchase to read more