Industry Analysis & Industry Trends
Most people do not realise that valves play a crucial role in the modern economy. Everyday uses include taps, 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 2013-14. Imports account for a large share of domestic demand, while exports account for a significant chunk of revenue. However, the value of imports and exports are artificially inflated by re-exports... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the industry are high, but vary by segment. Competition from international players is high. Opportunities in niche markets exist, but having access to the latest technology, either in-house or through links with global suppliers, are important.
It can be difficult to recruit staff that have adequate skills in this industry. Staff need to have skills related to machining and computer-aided, numeric-controlled tools and manufacturing techniques.
Industry operators manufacture a diverse range of products. In some segments, larger operators offer a diverse range of products to meet the needs of customers. The ability to offer an extensive range can raise entry barriers... purchase to read more