Industry Analysis & Industry Trends
During the past five years, the Mining, Oil and Gas Machinery Manufacturing industry has undergone a period of revenue volatility underpinned by booming global demand for mineral and energy commodities on one hand and the Great Recession on the other. The faltering global economy, credit crisis and weaker commodity prices resulted in a sharp downturn in energy and mineral exploration and production, dragging down demand for industry products. In the coming five years, however, conditions will improve as global economies seek out new oil and gas reserves, strengthening demand for related machinery... purchase to read more
Industry Report - Industry Products Chapter
The Mining, Oil and Gas Machinery Manufacturing industry provides machinery and equipment for extracting raw materials from the earth. This industry produces drills and bits that bore holes to make desired materials accessible; however, a host of other equipment is needed to regulate pressure at wellheads, separate materials on site and power large machines in remote areas. Additionally, the industry produces machinery for both underground and surface mining operations.
Oil and gas machinery and equipment
Oil and gas machinery and equipment includes rotary and portable drilling rigs, derricks, substructures and accessories. The product segment has been increasing as a percentage of revenue because of increasing oil and gas exploration activity in the United States... purchase to read more