Mining, Oil & Gas Machinery Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Mining, Oil & Gas Machinery Manufacturing Market Research Report | NAICS 33313 | Sep 2015

Oil slick: Revenue will slip briefly as oil price drop discourages downstream investment

The Mining, Oil & Gas Machinery Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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Industry Analysis & Industry Trends

Downstream volatility has rocked the Mining, Oil and Gas Machinery Manufacturing industry over the past five years. Booming global energy demand promoted strong growth early in the period, but falling oil prices and appreciation of the US dollar has caused declines over the past two years. Over the next five years, the industry is expected to begin to rebound from this downturn, as a recovery in commodity prices will encourage downstream investment in productive capacity. Still, the continued appreciation of the dollar will dampen export volumes and present a challenge to the industry... purchase to read more

Industry Report - Industry Analysis Chapter

As economies around the world have recovered from the recession, demand for resources and energy has climbed. In turn, mining, oil and gas companies increased production, creating a spike in demand for new equipment. The resulting oversupply has reversed positive commodity price trends and led to reduced downstream demand for machinery. As a result, the Mining, Oil and Gas Machinery Manufacturing industry has experienced volatile revenue over the five years to 2015. Substantial increases early in the five-year period were counteracted by falls in the second half, leading to average annual growth of 2.1% over the five years to 2015, reaching $26.0 billion

Oil and gas driving sales

Since 2010, global energy needs have climbed... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Mining, Oil & Gas Machinery Manufacturing Industry?

Companies in this industry manufacture oil and gas field equipment and underground mining machinery. Products include rotary and portable drilling rigs and parts; crushing, pulverizing, screening and mineral processing machinery; and derricks, substructures and related accessories. Parts are included, but support services are excluded.

Industry Products
Underground mining machineryOil and gas field drilling machineryOil and gas field production machineryCrushing, pulverizing, and processing machineryDrills, other mining machinery, and parts
Industry Activities
Manufacturing oil and gas field machinery and equipmentManufacturing rotary oil and gas field drilling machinery and equipmentManufacturing other oil and gas field drilling machinery and equipmentManufacturing portable drilling rigs and partsManufacturing underground mining machinery and equipmentManufacturing crushing, pulverizing and screening machinery and equipmentManufacturing drills and other mining machineryManufacturing mineral processing machinery

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