Valve Manufacturing in Canada
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. In particular, valve sales are driven by demand from oil and gas extraction and distribution, heavy manufacturing and waterworks (water supply and wastewater treatment). 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 over the latter half of the five-year period has negatively affected industry performance. Accordingly, revenue is anticipated to grow at a subdued annualized rate over the five years to 2018. Over the five years to 2023, industry revenue is forecast to grow. While imports are expected to comprise a larger share of domestic demand, domestic manufacturers with significant research and development resources will continue to focus on designing advanced valves for use in highly specialized and demanding situations.
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.
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