Industry Analysis & Industry Trends
During the past five years, the Mining, Oil and Gas Machinery Manufacturing industry has undergone a period of revenue volatility underpinned by booming global demand for mineral and energy commodities on one hand and the Great Recession on the other. The faltering global economy, credit crisis and weaker commodity prices resulted in a sharp downturn in energy and mineral exploration and production, dragging down demand for industry products. In the coming five years, however, conditions will improve as global economies seek out new oil and gas reserves, strengthening demand for related machinery... 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 2014, the industry's top four companies are estimated to account for 63.0% of total industry revenue. Industry concentration has increased during the five years to 2014 due to significant growth in the oil and gas field sector and consolidation among this sector's major players.
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 to Caterpillar's global network of independent dealers, Caterpillar has integrated Bucyrus's product line to better supply its customers... purchase to read more