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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 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
$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 - Starting a New Business Chapter

The Mining, Oil and Gas Machinery Manufacturing industry has several barriers to entry, namely the level of capital and intellectual property required. Mining, oil and gas field equipment is highly technical, and there is a high degree of uniqueness in many of the products manufactured as extraction conditions vary worldwide. As a result, companies patent the products they develop. If a company entering the industry wishes to use an existing patent, it must pay for it.

Many of this industry's clients exist in remote locations; therefore, industry firms need to have the capability to transport bulky products through adverse environments, such as from oil rigs in the middle of oceans... 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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