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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 | Dec 2015

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

IBISWorld’s Mining, Oil & Gas Machinery Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$25bn
Annual Growth 10-15
1.7%
Annual Growth 15-20
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Profit
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Employment
52,179
Businesses
752
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

 


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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