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 Key Buyers Chapter
The Mining, Oil & Gas Machinery Manufacturing industry has a medium level of market share concentration. In 2015, the industry's top four companies are estimated to account for 60.7% of total industry revenue. Industry concentration has increased during the five years to 2015, due to significant growth in the oil and gas field sector and consolidation among companies.
For example, in 2011 Caterpillar Inc. acquired Bucyrus International for $8.8 billion. Although Bucyrus International operated with a direct dealer and servicing model, compared with Caterpillar's global network of independent dealers, Caterpillar has integrated Bucyrus's product line to better supply its customers... purchase to read more