$38.5bn
$X.Xbn
86,531
906
$X.Xbn
The valve manufacturing industry is grappling with escalating import penetration, primarily fueled by competitive pricing from countries like China and Mexico. This trend has led to decreased demand for domestically produced valves. The widening price differential between domestic and imported valves, coupled with the industry's struggle with flat industrial production, has put significant pressure on the industry's performance and revenue streams. Overall, valve manufacturers' revenue is projected to decline at a CAGR of 0.6% through 2024, including a decline of 1.8% in 2024 alone, reaching $38.5 billion.
Industry revenue has declined at a CAGR of 0.6 % over the past five years, to reach an estimated $38.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Emerson Electric Co. | 5,631.4 | 922.9 | 16.4 | |
Parker-Hannifin Corporation | 2,217.7 | 276.0 | 12.4 | |
Meggitt PLC | 943.2 | 56.6 | 6.0 |
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Valve Manufacturing in the US
Industry revenue is measured across several distinct product and services lines, including Industrial valves, Plumbing fixture valves, fittings and trim and Fluid power valves and hose fittings and accessories. Industrial valves is the largest segment of the Valve Manufacturing in the US.
Demand for industrial valves is closely tied to industrial activity across sectors such as oil and gas, chemical processing, power generation, and manufacturing
Operators in this industry manufacture a variety of industrial and fluid power (e.g. hydraulic and pneumatic) valves, hose fittings and the associated trimming made from metal. This industry also includes miscellaneous and general-purpose flow-control devices composed of metal, such as faucets, flash valves and showerheads.
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NAICS 33291 - Valve Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The growing prevalence of imported valves underscores a shift in market dynamics, signaling a need for domestic manufacturers to reevaluate their operational approaches in ord...
Learn about an industry's products and services, markets and trends in international trade.
Industrial valve manufacturers must stay abreast of trends in oil and gas, chemical processing, power generation and manufacturing. This will allow manufacturers to align the...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Gulf Coast region serves as a prominent hub for valve manufacturers. Due to the area's concentration of refineries, chemical plants, and offshore installations, the indus...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The valve manufacturing industry has relatively lower capital expenditure. A percentage of revenue compared to the broader fabricated metal manufacturing sector facilitates e...
Learn about the performance of the top companies in the industry.
The launch of Emerson's ASCOTM Series 262 and 263 Biodiesel Valves in February 2023 represents a notable advancement in the US industrial valve market.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The stability of economic growth in foreign markets is crucial. Exports account for nearly one-third of the valve manufacturing industry's total revenue.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
While dramatic rises in the price of steel have enabled valve manufacturers to achieve greater revenue growth. This has come at the cost of larger expenses and less profit in...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Valve Manufacturing in the US industry in United States is $38.5bn in 2024.
There are 906 businesses in the Valve Manufacturing in the US industry in United States, which has declined at a CAGR of 1.2 % between 2019 and 2024.
The market size of the Valve Manufacturing in the US industry in United States has been declining at a CAGR of 0.6 % between 2019 and 2024.
Over the next five years, the Valve Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Valve Manufacturing market in United States are Emerson Electric Co., Parker-Hannifin Corporation and Meggitt PLC
Industrial valves and Plumbing fixtures, valves and trims are part of the Valve Manufacturing in the US industry.
The company holding the most market share in United States is Emerson Electric Co..
The level of competition is high and steady in the Valve Manufacturing in the US industry in United States.