Valve Manufacturing in Canada - Market Research Report (2014-2029)

Flowing steadily: Imports will pose a threat to the industry's competitiveness, slowing revenue growth

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.

Canadian valve manufacturers have had mixed performance over the past five years. Since valves are essential components in a vast range of manufacturing and industrial processes, industry growth tends to fluctuate in line with both domestic and global economic conditions. Reduced industrial production after the collapse in crude oil during the early stages of the pandemic weakened demand for specialized valves from the heavy manufacturing and energy sectors, both of which are key markets for valves. Similarly, rising interest rates and elevated inflation have negatively impacted demand from the residential sector, as the cost of purchasing or building a home is significantly higher than in years prior. Although the industry has faced significant losses in recent years, they have mostly offset the gains that came with higher crude oil prices in 2018, 2021 and 2022. As a result, revenue is estimated to have stagnated at $1.7 billion over the past five years, including a 0.2% gain in 2023 alone.

This Valve Manufacturing industry in Canada 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.