Industrial & Fluid Power Valve Manufacturing in the US - Industry Market Research Report

Industrial & Fluid Power Valve Manufacturing in the US - Industry Market Research Report

Industrial & Fluid Power Valve Manufacturing

Over the five years to 2019, the Industrial and Fluid Power Valve Manufacturing industry benefited from steadily rising demand for flow control devices from all sectors of the economy. During the first half of the current period, however, increasingly difficult operating conditions and weakened demand from several key markets have hurt industry performance. Rising import penetration has also challenged operators within this industry. Weaker demand from key markets and rising competition from imports have forced many operators to slash prices on excess inventory, idle production at underperforming facilities or lay off workers, causing total industry employment and wages to stagnate. As a result of these trends, industry revenue is anticipated to decrease during the current period. Over the five years to 2024, industry growth trends are projected to reverse, with revenue forecast to increase slightly. Operating conditions for most valve manufacturers are expected to improve, benefiting the industry during the outlook period.

This industry manufactures industrial and fluid power (hydraulic and pneumatic) valves, other-flow control devices and related parts, including assemblies, couplings and fittings. Valves are integral to a broad range of industrial and general applications, including manufacturing, waterworks and energy. Residential plumbing fixtures, trim and general-purpose valves and fittings are not included in this industry (see IBISWorld’s Valve Manufacturing industry report 33291).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

MAJOR COMPANIES

Parker-Hannifin, Corporation