MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
Process Valves - Check
Overview
Market size
$8.4B
global, USD
CAGR
4.2%
base to forecast
Buyer power
-2.6
supplier-favoured
Suppliers
6
tracked players
Signals
12
monitored
Market outlook
2031$10.3B
What changed
Demand by region
North America demand32%
Asia Pacific demand35%
Europe demand21%
Rest of world demand12%
share of global demandtotal 100%
Cost drivers
Raw Materials (Steel, Iron, and Alloys)45%
Machining and Manufacturing Labor25%
Energy and Utilities12%
Logistics and Packaging10%
Overhead and Margin8%
share of delivered cost (analyst estimate)