Tap & Valve Manufacturing in the UK - Industry Market Research Report

Broken Tap: in 2022-23, Industry Revenue Will Fall Marginally due to the Reduced International Competitiveness of Tap and Valve Manufacturers

The UK Tap and Valve Manufacturing industry is small compared to other countries, so imports account for most domestic sales. At the same time, manufacturers heavily rely on export revenue. Because of the high degree of international trade, an expansion in the number of UK markets that rely on tap and valves has failed to prevent the decline of the UK Tap and Valve industry. Manufacturing revenue is expected to contract at a compound annual rate of 5.1% over the five years through 2022-23, to £1.2 billion. This industry includes the manufacture of sanitary taps and valves, the manufacture of heating taps and valves, and the manufacture of industrial taps and valves (including regulating valves and intake taps). A valve is a device that can be used to control the flow of liquids, gases and slurries. There are a number of different designs for valves, depending on how they are being used. The manufacture of parts is also included in the industry. 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.