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 - 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