Industry Analysis & Industry Trends
Most people do not realise that valves play a crucial role in the modern economy. Everyday uses range from taps, to valves in dishwashers, air conditioners and gas ovens. The big uses for valves are in the oil, gas, chemical processing, manufacturing, energy and water industries. The United Kingdom accounts for a relatively small percentage of global valve market, but has a significant role in some segments.
The total UK market for taps and valves will be worth an estimated £1.2 billion in 2012-13. Imports of taps and valves are significant and will amount to £2.08 billion in 2011-12. Imports exceed domestic demand due to re-exports (exports of imports). The UK operations of tap and valve manufacturers are expected to generate revenue of £1.14.. purchase to read more
Industry Report - Industry SWOT Analysis Chapter
A number of factors indicate that the industry has entered the decline phase of its life cycle. Industry value added (IVA) declined in real terms in the five years through to 2012-13. IVA is forecast to grow at a rate that is below the UK economy's rate of growth over the five years through 2017-18.
Import competition is strong. Imports account for a large proportion of the local market and this proportion is increasing.
The number of enterprises in this industry is declining and consolidation is taking place, both indicative of a declining industry... purchase to read more