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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 | May 2016

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

IBISWorld’s Mining, Oil & Gas Machinery Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 11-16
-9.2%
Annual Growth 16-21
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Profit
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Employment
45,510
Businesses
755
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 Locations Chapter

Industry operators tend to locate close to historical centers of mining, oil or gas production activity. Consequently, about half of all industry establishments are concentrated in the Southwest region, particularly Texas. Many major companies have headquarters or corporate offices in Houston, which is known for being a hub of oil and gas operations on land and in the Gulf of Mexico. Texas has a particularly high level of activity in the oil and gas industries and accounts for an estimated 38.3% of industry establishments, the largest share of any state. Oklahoma follows a distant second with 9.1% of total industry establishments... 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
Mining machineryOil and gas field machinery and equipment Oil and gas field drilling machinery and equipmentOil and gas field derricks and well surveying 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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