Industry Analysis & Industry Trends
Underpinned by booming global demand for mineral and energy commodities, the Mining, Oil and Gas Machinery Manufacturing industry's revenue is estimated to grow. Rising resource prices led mining and oil industries to expand existing production and increase exploration, resulting in strong demand for machinery and equipment. In the next five years, rising commodity prices and economic recovery will encourage customers in downstream sectors to spend on machinery and equipment. Additionally, heightened global efforts to discover new oil and gas reserves will further stimulate industry sales... 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