On and off: Despite rebounding demand from key markets, revenue will be hindered by imports

Decelerating industrial production and drilling activity curtailed demand for specialized valves from the heavy manufacturing sector, a key market for industry products. Meanwhile, rising import penetration strained demand for general-purpose valves from the general manufacturing and residential construction markets. The Valve Manufacturing industry has experience a decline over the past five years, and intensifying competition from imports and lulling demand from certain markets, such as nonresidential construction and general manufacturing, will continue to hinder performance over the next five years...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Difficult operating conditions and waning demand from key markets depressed industry performance
  • The US dollar has strengthened in recent years, placing downward pressure on exports
  • Strong growth in housing starts will likely boost industry performance
  • Industry Report - Industry Analysis Chapter

    The industry has experienced declines in revenue over the past five years but experienced a recovery late in the period. Valves are a vital component in a wide range of manufacturing processes, thus, demand for industry products is linked to manufacturing and industrial production more generally. For example, valves have applications in markets ranging from petroleum refining and distribution to residential remodeling and wastewater treatment. From 2014 through 2016 the plummeting price of oil precipitated a decline in the valve industry. Due to these recent trends, industry revenue declined 7.2% in 2016, but rebounded with increases of 4.8% and 1.2% in revenue in 2017 and 2018, respectively, while oil prices improved. Ove...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

  • Access to efficient manufacturing technology
  • Ability to adhere to specific market requirements
  • Having a good technical knowledge of the product
  • IBISWorld analysts also discuss how external factors such as Demand from oil and gas extraction and Industrial production index in the Valve Manufacturing industry impact industry performance..

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    What's in this report

    What is the Valve Manufacturing Industry?

    Operators in this industry manufacture a variety of industrial and fluid power (e.g. hydraulic and pneumatic) valves, hose fittings and the associated trimming made from metal. This industry also includes miscellaneous and general-purpose flow control devices composed of metal, such as faucets, flash valves and showerheads.

    Industry Products
  • Other industrial valves
  • Plumbing fixture valves, fittings and trim
  • Hydraulic and pneumatic valves
  • Gate, globe and check valves
  • Ball valves
  • Hose, parts and accessories
  • Valves for water works
  • 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, 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
  • Demand from oil and gas extraction
  • Industrial production index
  • Trade-weighted index
  • Value of construction
  • World price of steel
  • Value of utilities construction

  • Current Performance
  • Mixed markets
  • Industry globalization and consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Returning demand
  • Industry structure and international trade
  • 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
  • Water Supply & Irrigation Systems
  • Construction
  • Petroleum Refining
  • Petrochemical Manufacturing
  • Inorganic Chemical Manufacturing
  • Organic Chemical Manufacturing
  • Boiler & Heat Exchanger Manufacturing
  • Mining, Oil & Gas Machinery Manufacturing
  • Refined Petroleum Pipeline Transportation

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

  • Products & Services
  • Other
  • Other industrial valves
  • Hose, parts and accessories
  • Hydraulic and pneumatic valves
  • Plumbing fixture valves, fittings and trim
  • Gate, globe and check valves
  • Ball valves
  • Valves for water works
  • Chart: Valve Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Demand for industrial valves
  • Demand for other types of valves

  • Major Markets
  • Exports
  • Construction
  • Oil and gas
  • Heavy manufacturing and mining
  • Utilities
  • Aerospace
  • General manufacturing
  • 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
  • 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
    Parker-Hannifin Corporation,
  • Table: Parker-Hannifin Corporation - 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
  • 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)
  • Industrial production index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Hydraulic Valve
  • A fluid power valve that controls the flow of liquid.
  • Nonreturn Valve
  • A valve that only allows unidirectional flow and is designed to prevent back flow.
  • Pneumatic Valve
  • A fluid power valve that controls the flow of gas.
  • Regulating Valve
  • A valve that controls the amount of flow in a range between fully open and closed.
  • Shut-Off Valve
  • A valve designed to close a pipe or section of pipe works and is commonly used to shut off heating systems.
  • What Our Customers Say

    Why buy this report?

    The Valve Manufacturing industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
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    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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