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 2016, the industry's top four companies are estimated to account for 58.8% of total industry revenue. Industry concentration has increased during the five years to 2016, due to significant growth in the oil and gas field sector and consolidation among companies. This trend will continue as major players in the industry have already announced plans to merge and are awaiting various regulatory approvals.
For example, in 2011 Caterpillar Inc. acquired Bucyrus International for $8.8 billion. Additionally, in 2014, Halliburton Inc. announced that it will spend $34.6 billion to acquire Baker Hughes Inc... purchase to read more