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Valve Manufacturing in Canada Industry Market Research Report Now Available from IBISWorld
  • USA - English


News provided by

IBISWorld 2

May 05, 2014, 12:00 ET

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Ongoing maintenance and expansion of existing pipelines boosted demand for valves.

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New York, NY (PRWEB) May 05, 2014 -- The Valve Manufacturing industry is heavily dependent on production levels and replacement activity from downstream markets, both of which drive demand for valves. For example, as the chemical, petrochemical and petroleum, water and wastewater systems, power generation and utilities and construction sectors exhibit growth, demand for valves rises. “In 2009, many end users responded to the declining economy by fixing old and outdated valves or by purchasing low-cost valves from global manufacturers,” according to IBISWorld Industry Analyst Sarah Turk. As a result, the industry has contended with mounting competition resulting from an inundation of low-cost, low-quality standardized valves from global manufacturers.

Despite increasing competition, the industry has developed a market niche for specialized valves, such as high-quality, customized valves that perform well in corrosive or high temperatures, which have assisted in automating end users' manufacturing production lines. “Furthermore, as the petroleum refining sector exhibited growth during the past five years, demand increased for high-pressure valves with applications in gas drilling and producing, gathering and transporting oil,” says Turk. Additionally, ongoing maintenance, repair and expansion of existing pipelines and refineries, along with other infrastructure, has bolstered demand for valves. As global manufacturing processes became increasingly automated, this trend propped up demand for customized valves.

Industry revenue is anticipated to grow at an annualized rate of 2.1% to $1.9 billion during the five years to 2014, including 0.7% growth in 2014, due to strong demand for valves from construction, petroleum refining in addition to water and sewage systems, among other markets. Profit is expected to slightly contract, from 9.0% of industry revenue in 2009 to 8.5% in 2014, as mounting price-based competition from global manufacturers limited the extent to which industry operators could hike up product prices to reflect high input commodity prices and remain competitive.

While imports are expected to comprise a larger share of domestic demand, which will cut into growth for the industry, many valve manufacturers will consolidate to cut costs. As a result of lower per-unit costs for increasingly streamlined operations, the valve manufacturing industry will continue to have a market niche for innovative valves with customized applications for end users.

For more information, visit IBISWorld’s Valve Manufacturing in Canada industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld.
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189.

IBISWorld industry Report Key Topics

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 Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Gavin Smith, IBISWorld 2, +1 (310) 866-5042, [email protected]

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