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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 | Jul 2014

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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 09-14
4.1%
Annual Growth 14-19
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Profit
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Employment
57,926
Businesses
851
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 Investment Chapter

The Mining, Oil and Gas Machinery Manufacturing industry exhibits a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, industry operators will spend about $0.08 in capital investment. High levels of trade make it lucrative for countries to produce equipment abroad through the use of labor in low wage-cost countries. Instead of dominating the market through product volume and price, firms rely on mergers and acquisitions to expand their respective shares. Also, the willingness and ability to develop niche products for location-specific purposes has the effect of increasing the value of production while lowering the volume... 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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