Disrupted flow: Strong competition has hit the industry, despite the essential nature of products

Taps and valves play a crucial role in the modern economy and are used in a range of industrial applications, from the rudimentary to the highly advanced. For instance, a bathroom tap is a simple type of valve mechanism, whereas process control valves respond to signals from integrated controllers to regulate fluid flow in industrial applications. Although artificially inflated by re-exports and -imports, trade has a significant influence on industry performance. Over the past five-year period, industry revenue is forecast to decline at a compound annual rate of 5.9%, as significant competition from foreign producers and anomalistic conditions in the global industrial market weigh on demand...read more.

Industry Statistics & Market Size
Revenue
£1.3bn
Annual Growth 13-18
-5.9%
Forecast Growth 18-23
Profit
Employment
10,149
Businesses
155
Market Share of Companies

Industry Threats & Opportunities

  • Though industry products are crucial for many industries, high competition reduced revenue
  • Falling oil prices and global industrial production caused revenue to fall over the past five-year period
  • The ongoing shift towards renewable energy is expected to boost 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 20.6% of industry revenue in 2017-18. However, given the diverse spectrum of products that industry operators manufacture, concentration levels can vary considerably between disparate product segments or downstream markets. Relative to many industries in the wider manufacturing sector, the Tap and Valve Manufacturing industry is not exceptionally fragmented in nature. How...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
  • Foreign competition
  • Global conditions
  • Domestic construction
  • Chart: Revenue Growth

  • Industry Outlook
  • Trade flow
  • Renewable growth
  • Downstream demand
  • 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
  • Process control valves
  • Tap and valve components
  • Check valves
  • Plug valves
  • Safety and relief 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
    ProfitPurchasesWagesDepreciationOther costs
  • 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 (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)

  • 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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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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