Leaking away: Operators have struggled to prevent revenue from continued decline

Taps and valves are essential components of industrial production activity and therefore have a wide range of applications. The UK Tap and Valve Manufacturing industry is relatively small in comparison to other countries, and so imports account for the vast majority of domestic demand, whilst industry revenue is primarily derived from exports. Because of this, an expansion in the number of UK downstream industries has not arrested the industry's decline over the past five years. Industry revenue is expected to contract at a compound annual rate of 4% over the five years through 2018-19 to reach £1.4 billion. Turbulent conditions in the global oil and gas market have been a key driver of the decline over the past five years...read more.

Industry Statistics & Market Size
Revenue
£1.4bn
Annual Growth 14-19
-4.0%
Forecast Growth 19-24
Profit
Employment
9,397
Businesses
156
Market Share of Companies

Industry Threats & Opportunities

  • The industry has been unable to arrest ongoing decline, despite greater competitiveness
  • Manufacturers face strong competition based on the cost and quality advantages of many foreign firms
  • Government expenditure in the residential market is expected to support downstream demand
  • Industry Report - Industry Key Buyers Chapter

    The Tap and Valve Manufacturing industry has a low level of market share concentration. IBISWorld estimates that the four largest tap and valve manufacturers in the United Kingdom – Pegler Yorkshire Group, BEL Valves, Weir Valves and Controls UK, and Goodwin International – will account for 18.9% of industry revenue in 2018-19. However, given the diverse spectrum of products that industry operators manufacture, concentration levels can vary considerably between disparate product segments or downstream markets. The market share of the largest companies has fallen over the past five years due to a weak oil and gas sector, which is the primary downstream market for the majority of the major players. ...purchase to read more.

    Additional Insights for the Tap & Valve Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tap & Valve Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Market research and understanding
  • Having a cost effective distribution system
  • IBISWorld analysts also discuss how external factors such as MSCI World Index and Demand from water main, sewer system and related project construction in the Tap & Valve Manufacturing industry impact industry performance..

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    What's in this report

    What is the Tap & Valve Manufacturing Industry?

    This industry includes the manufacture of sanitary taps and valves, the manufacture of heating taps and valves, and the manufacture of industrial taps and valves (including regulating valves and intake taps). A valve is a device that can be used to control the flow of liquids, gases and slurries. There are a number of different designs for valves, depending on how they are being used. The manufacture of parts is also included in the industry.

    Industry Products
  • Process control valves
  • Tap and valve components
  • Check valves
  • Plug valves
  • Safety and relief valves
  • Gate valves
  • Other taps and valves
  • Industry Activities
  • Manufacturing industrial taps and valves, including regulating valves and intake taps
  • Manufacturing sanitary taps and valves
  • Manufacturing heating taps and valves
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • MSCI World Index
  • Demand from water main, sewer system and related project construction
  • Industrial production index
  • Demand from electricity and telecommunications infrastructure construction
  • Real effective exchange rate
  • Number of businesses

  • Current Performance
  • Domestic conditions
  • Foreign competition
  • Global trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream demand
  • Trade uncertainty
  • Table: Tap & Valve Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tap & Valve Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Crude Petroleum & Natural Gas Extraction
  • Electricity Production
  • Water Collection, Treatment & Supply
  • Sewerage

  • Key Selling Industries
  • Aluminium Production
  • Iron & Steel Manufacturing

  • Products & Services
  • Other taps and valves
  • Tap and valve components
  • Process control valves
  • Safety and relief valves
  • Check valves
  • Plug valves
  • Gate valves
  • Chart: Tap & Valve Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Process manufacturing
  • Energy producers
  • Water companies
  • Construction contractors and plumbers
  • Other
  • Chart: Major Market Segmentation for the Tap & Valve Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Tap & Valve Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tap & Valve Manufacturing Industry

  • Industry Globalization
    Pegler Yorkshire Group Ltd,
  • Table: Pegler Yorkshire Group Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Tap & Valve Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Tap & Valve Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Check Valve
  • A valve that generally allows fluid, liquid or gas to flow through it in only one direction.
  • Combined Cycle Gas Turbine (Ccgt)
  • A highly efficient energy generation technology that combines a gas-fired turbine with a steam turbine.
  • Control Valve
  • A valve that opens and closes in response to an external signal and is powered by an external source.
  • Valves
  • Devices that are designed to regulate the flow of liquids, gases and slurries through pipes and other passageways by diverse mechanisms.
  • Water Companies
  • Organisations that are engaged in the supplying of water for industrial and domestic purposes, and are responsible for managing the domestic sewerage network.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Tap & Valve Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Tap & Valve Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Tap & Valve Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Tap & Valve Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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