Metal Valve & Pipe Fitting Manufacturing
Companies in this industry manufacture metal industrial and fluid power valves, hose fittings, and pipe fittings. Major companies include units of integrated process control companies such as Curtiss-Wright, Emerson Electric, Flowserve, and Parker Hannifin (all based in the US), as well as valve manufacturers such as Crane, Mueller Water Products, and Watts Water (all based in the US), and IMI (UK), Kitz (Japan), KSB (Germany), and Tianjin Dazhan Group (China).
The global industrial valves market is forecast to reach a value of $112 billion by 2024, according to Global Industry Analysts. Top countries for valve production include China, Germany, Japan, the UK, and the US.
The US metal valve and pipe fitting manufacturing industry consists of about 1,200 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $31 billion.
Demand depends primarily on the level of manufacturing and construction activity. Construction activity in the chemical, petroleum, utilities, water treatment, and housing industries is especially important. Large companies have advantages in efficiency of operations and economies of scale. Offshore subsidiaries are frequently used for low-cost manufacturing. Smaller producers compete by focusing on specialized product offerings and superior customer service. The US industry is concentrated: the largest 50 companies generate about 65% of revenue.
Metal valves and pipe fittings compete with other materials, primarily plastics, in the residential market and with high-strength composites, fluorocarbons, and elastomers for high-end uses.
Leading import sources for the US market are China, Mexico, Germany, Japan, and Italy. US manufactured valves are exported primarily to Canada, Mexico, and China. Imports comprise about half of the US market; exports total about 45% of US production.
Products, Operations & Technology
Major product categories are industrial valve applications used primarily in water works and municipal water systems (about 40 percent of US shipments);
Sales & Marketing
Finance & Regulation
Regional & International Issues
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Quarterly Industry Update
Trends and Opportunities
Call Preparation Questions
Glossary of Acronyms