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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 | Apr 2015

Digging deep: Global efforts to discover oil and gas reserves will spur demand for machinery

IBISWorld’s Mining, Oil & Gas Machinery Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 10-15
3.3%
Annual Growth 15-20
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Profit
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Employment
59,241
Businesses
866
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

 


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
Oil and gas field machineryRotary oil and gas field drilling machineryOther oil and gas field drilling machineryPortable drilling rigs and partsUnderground mining machinery Drills and other mining machineryCrushing, pulverizing and screening machineryMineral processing machinery
 
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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