Flowing steadily: Revenue growth will pick up, driven by more customization and construction demand

Since valves are essential components in a vast range of manufacturing and industrial processes, industry performance tends to follow in line with overall economic conditions, both domestic and global. In particular, valve sales are driven by demand from oil and gas extraction and distribution, heavy manufacturing and waterworks (water supply and wastewater treatment). For most of the five-year period, strong performance in these key markets boosted demand for industry products, but deteriorating demand from several key markets over the latter half of the five-year period has negatively affected industry performance. Accordingly, revenue is anticipated to grow at a subdued annualized rate over the five years to 2018. Over the five years to 2023, industry revenue is forecast to grow...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
1.8%
Forecast Growth 18-23
Profit
Employment
5,608
Businesses
140
Market Share of Companies

Industry Threats & Opportunities

  • Deteriorating demand from key markets during the latter half of the five-year period negatively affected industry performance
  • Rapidly growing investments in unconventional oil production have revitalized demand for domestically produced valves
  • Demand for industrial valves from petroleum and gas production will prop up industry revenue
  • Industry Report - Industry Analysis Chapter

    Valve manufacturers have experienced considerable revenue volatility over the five years to 2018, driven by highly cyclical demand for industry products from a small number of key markets. Typically, demand for valves is linked to global industrial production activity as valves are an integral component in many manufacturing processes, particularly chemical, pharmaceutical and industrial gas manufacturing. More broadly, valves have applications in domestic and foreign markets ranging from petroleum refining and distribution to residential renovation and wastewater treatment. Accordingly, commodity prices and industrial activity are the two most salient barometers of industry performance next to currency valuations...purchase to read more.

    Additional Insights for the Valve Manufacturing Industry

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

  • Ability to quickly adopt new technology
  • Having a good technical knowledge of the product
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Canadian-dollar effective exchange rate index and Demand from oil and gas extraction in the Valve Manufacturing industry impact industry performance..

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    What's in this report

    What is the Valve Manufacturing Industry?

    This industry manufactures a variety of industrial and fluid power valves, hose fittings and related trimmings. Additional products include metal and plastic plumbing fixtures, such as faucets, flush valves and showerheads.

    Industry Products
  • Industrial valves
  • Fluid power valves and components
  • Plumbing fixture fittings and trim (PFFT)
  • Industry Activities
  • Manufacturing industrial-type ball, butterfly, check, gate and globe valves
  • Manufacturing fluid power aircraft subassemblies
  • Manufacturing hose assemblies for fluid power systems
  • Manufacturing hydraulic and pneumatic valves and hose and tube fittings
  • Manufacturing aerosol valves
  • Manufacturing firefighting nozzles
  • Manufacturing lawn hose nozzles
  • Manufacturing metal hose couplings
  • Manufacturing metal pipe flanges and flange unions
  • Manufacturing complete fire hydrants
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian-dollar effective exchange rate index
  • Demand from oil and gas extraction
  • World price of steel
  • Demand from water, sewage and other systems
  • Value of nonresidential construction

  • Current Performance
  • Downstream markets
  • International trade
  • Consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream markets and product innovation
  • Trade and globalization
  • Industry structure
  • Table: Valve Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Electric Power Transmission in Canada
  • Water Supply & Irrigation Systems in Canada
  • Construction In Canada
  • Petroleum Refining in Canada
  • Petrochemical Manufacturing in Canada
  • Mining, Oil & Gas Machinery Manufacturing in Canada
  • Oil Pipeline Transportation in Canada

  • Key Selling Industries
  • Ceramics Manufacturing in Canada
  • Ferrous Metal Foundry Products in Canada
  • Metal Stamping & Forging in Canada
  • Nonferrous Metal Foundry Product Manufacturing in Canada
  • Screw, Nut & Bolt Manufacturing in Canada

  • Products & Services
  • Industrial valves
  • Fluid power valves and components
  • Other
  • Plumbing fixture fittings and trim (PFFT)
  • Chart: Valve Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Energy sector
  • Heavy manufacturing
  • Construction
  • General manufacturing and other markets
  • Chart: Major Market Segmentation for the Valve Manufacturing Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Valve Manufacturing Industry

  • Industry Globalization
    Velan Inc., Emerson Canada,
  • Table: Velan Inc. - financial performance
  • Table: Emerson Canada - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the 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 Valve Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Value of nonresidential construction (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Actuator
  • A hydraulic, pneumatic, electronic or solenoid device that opens or closes a valve
  • Hydraulic Valve
  • A fluid power valve that controls the flow of liquid, usually mineral oil or water.
  • Nonreturn Valve
  • A valve that only lets fluid flow through it in one direction and is designed to prevent backflow.
  • Pneumatic Valve
  • A fluid power valve that controls the flow of pressurized gas.
  • Regulating Valve
  • A valve that controls the amount of flow, ranging between fully open and closed.
  • Shut-Off Valve
  • A valve designed to close a pipe or section of pipe. These valves are commonly used to shut off heating systems.
  • Valve
  • Any device that controls the rate of flow in a pressurized line
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s 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 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 of 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 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 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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