The UK Pump Manufacturing industry has faced tough competition due to foreign producers offering better quality products at a lower cost. The pandemic has further impacted the industry, with the oil and gas sector experiencing a significant drop in interest, leading to a sharp decline in revenue. The industry is expected to grow at a compound annual rate of 1.4% to £2 billion by 2023-24.

UK manufacturers are increasingly catering to foreign customers, with China, Germany, and the US being the major suppliers. The Midlands, with its central location and transportation infrastructure, is a hub for pump production, which boosts the local economy through car manufacturing and logistics. Investment in product differentiation has helped pump manufacturers cater to diverse markets such as petroleum refineries and water companies, helping to drive growth in the industry.