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. 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 during the latter half of the five-year period has negatively affected industry performance. Over the five years to 2022, industry revenue is forecast to grow. Canada's continued investment in water infrastructure projects will boost demand for valves and other flow control products sold by operators. IBISWorld expects exports to remain a key driver of revenue growth as demand from global energy and industrial manufacturing markets rebound.
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.
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.